8 Bed HMO, Canvey Island, SS8 7EB, £650,000

Bramble Road, Canvey Island, SS8 7EB - 2 views - 2 months ago

HMO
ROI: 6%
~248 m²
+24 photos

ValuationUndervalued

Sold Prices£300K - £600K
Sold Prices/m²£2.4K/m² - £7.2K/m²

 

 

Square Metres

~248 m²
Price/m²£2.6K/m²

Value Estimate

£806,000
BMV24%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£162,500

Stamp Duty & Legal Fees

£53,700

Total Cash In

£216,200

 

 

Cash Out

 

Room Rate

£654

Gross Rent

£5,232

Running Costs/mo

£4,085

Cashflow/mo

£1,147

Cashflow/yr

£13,759

ROI

6%

Gross Yield

10%

Local Sold Prices

52 sold prices from £300K to £600K, average is £410K. £2.4K/m² to £7.2K/m², average is £3.6K/m².

PriceDateDistanceAddressBeds 
£325K11/200.08 mi13, Chamberlain Avenue, Canvey Island, Essex SS8 8AG4
£450K07/230.17 mi31b, Rainbow Road, Canvey Island, Essex SS8 8AH4
£450K07/230.17 mi31b, Rainbow Road, Canvey Island, Essex SS8 8AH4
£425K07/210.31 mi4, Knightswick Road, Canvey Island, Essex SS8 9PA4
£365K12/200.33 mi81, Long Road, Canvey Island, Essex SS8 0JA4
£462.5K11/230.33 mi77, Long Road, Canvey Island, Essex SS8 0JA4
£470K02/210.36 mi52, Labworth Road, Canvey Island, Essex SS8 7BS4
£355K11/200.39 mi28, Waarden Road, Canvey Island, Essex SS8 9AB4
£380K01/230.41 mi4, Newlands Road, Canvey Island, Essex SS8 8EU4
£390K10/230.42 mi8, Harvest Road, Canvey Island, Essex SS8 9PD4
£425K06/230.43 mi20, Meynell Avenue, Canvey Island, Essex SS8 7DB4
£535K06/230.43 mi10, The Avenue, Canvey Island, Essex SS8 0AJ4
£396K06/210.44 mi23, Central Wall Road, Canvey Island, Essex SS8 9UU4
£355K11/200.46 mi58, Labworth Road, Canvey Island, Essex SS8 7DF4
£515K05/230.46 mi18, Miltsin Avenue, Canvey Island, Essex SS8 8EE4
£410K07/230.46 mi66, Labworth Road, Canvey Island, Essex SS8 7DF4
£410K07/230.46 mi66, Labworth Road, Canvey Island, Essex SS8 7DF4
£420K11/230.46 mi35, Heeswyk Road, Canvey Island, Essex SS8 8ET4
£405K12/200.47 mi15, Ameland Road, Canvey Island, Essex SS8 9PS4
£475K04/230.47 mi98, Long Road, Canvey Island, Essex SS8 0JL4
£450K01/210.47 mi42, Antony Close, Canvey Island, Essex SS8 9PF4
£390K03/210.48 mi41, Komberg Crescent, Canvey Island, Essex SS8 8ED4
£420K09/210.48 mi52, Nevada Road, Canvey Island, Essex SS8 8EY4
£403K03/230.48 mi56, Nevada Road, Canvey Island, Essex SS8 8EY4
£420K05/230.48 mi35, Nevada Road, Canvey Island, Essex SS8 8EY4
£350K10/200.51 mi26, Urmond Road, Canvey Island, Essex SS8 9AD4
£435K01/240.51 mi18, Shell Beach Road, Canvey Island, Essex SS8 7NU4
£435K12/200.52 mi27, Gafzelle Drive, Canvey Island, Essex SS8 7NB4
£340K11/200.52 mi61, Newlands Road, Canvey Island, Essex SS8 8HL4
£380K01/210.53 mi28, Winterswyk Avenue, Canvey Island, Essex SS8 8PA4
£375K05/230.53 mi28, Munsterburg Road, Canvey Island, Essex SS8 8HP4
£467.5K08/230.53 mi14, Gennep Road, Canvey Island, Essex SS8 8DB4
£300K05/210.54 mi112, May Avenue, Canvey Island, Essex SS8 7HF4
£350K12/220.54 mi8, Eton Close, Canvey Island, Essex SS8 9RU4
£370K05/230.54 mi4, Eastfield Road, Canvey Island, Essex SS8 8HR4
£343K11/200.54 mi58, Kellington Road, Canvey Island, Essex SS8 8EH4
£310K01/210.56 mi3, Whiteways, Canvey Island, Essex SS8 7HJ4
£412.5K02/230.56 mi5, Whiteways, Canvey Island, Essex SS8 7HJ4
£450K01/230.57 mi33, Central Wall Road, Canvey Island, Essex SS8 9PJ4
£387K03/210.57 mi36, Leigh Road, Canvey Island, Essex SS8 0AP4
£440K10/220.57 mi12, Holmswood, Canvey Island, Essex SS8 8HY4
£370K05/230.6 mi4, Wessem Road, Canvey Island, Essex SS8 8DF4
£450K03/210.61 mi88, The Driveway, Canvey Island, Essex SS8 0AD4
£470K08/230.61 mi123, Lionel Road, Canvey Island, Essex SS8 9DY4
£415K12/200.62 mi33, Craven Avenue, Canvey Island, Essex SS8 0DJ4
£600K06/210.64 mi43, The Parkway, Canvey Island, Essex SS8 0AE4
£380K06/210.66 mi30, Daarle Avenue, Canvey Island, Essex SS8 9ED4
£350K10/210.66 mi7, Brewster Close, Canvey Island, Essex SS8 9EL4
£380K12/220.66 mi1, Brewster Close, Canvey Island, Essex SS8 9EL4
£410K12/220.67 mi46, Roosevel Avenue, Canvey Island, Essex SS8 9EE4
£440K02/230.67 mi11, Bay Close, Canvey Island, Essex SS8 0AF4
£350K01/230.68 mi1, Hilversum Way, Canvey Island, Essex SS8 9UR4

Local Area Statistics

Population in SS8

38,134

Population in Canvey Island

38,138

Town centre distance

0.53 miles away

Nearest school

0.20 miles away

Nearest train station

2.21 miles away

 

 

Rental growth (12m)

+72%

Sales demand

Seller's market

Capital growth (5yrs)

+21%

Property History

Listed for £650,000

February 4, 2025

Floor Plans

Description

  • Guide Price £650,000 - £700,000 +
  • Self Contained Annexe +
  • Potential HMO +
  • Off Street Parking for Multiple Vehicles +
  • Three Genuine Reception Rooms +
  • Close Links to Schools and Shops +
  • Council Tax Band D +
  • Characterful Home +
  • Landscaped Rear Garden +
  • En Suite to Master Bedroom +

This expansive and characterful eight-bedroom home offers one of the largest footprints we have seen in years, providing an incredible amount of space and versatility. Currently arranged as an eight-double-bedroom residence, the layout offers endless possibilities for reconfiguration. The ground floor could easily be adapted to create additional reception rooms or larger living areas, while the first floor presents an opportunity to enlarge existing bedrooms or introduce further en-suites to enhance the overall accommodation.

Internally, the home features a spacious lounge that seamlessly connects to a modern, contemporary kitchen, complete with doors leading to the rear garden. The open-plan dining area flows into a separate snug, providing a cozy and versatile living space. Another standout feature of the ground floor is a near self-contained section of the home, offering an additional living room, laundry room, WC, and a bedroom perfect for guests or extended family. In addition, there is a completely self-contained annex, comprising a double bedroom, bathroom, and kitchen, offering fantastic potential for multi-generational living or a rental opportunity. Across the property, there are a total of four well-appointed bathrooms, ensuring convenience and practicality for larger households.

The first floor continues the theme of generous space, with well-proportioned bedrooms that can be easily adapted to suit the needs of the next owner. The property offers ample storage throughout and retains a wealth of character, blending modern finishes with traditional charm.

Externally, the home is situated on a private unadopted road, adding a sense of exclusivity. A beautifully designed brick-built pond, decked seating area, and low-maintenance artificial grass create a serene outdoor retreat. The rear of the property is cladded, giving it a charming cottage-style aesthetic, which is complemented by brown double-glazed windows and distinctive dormer features to the front aspect. Off-street parking is available for multiple vehicles, providing convenience for homeowners and guests alike.

Located in a central position, the property is within walking distance of Canvey Island town centre, offering a range of shops, amenities, and everyday conveniences. Well-regarded schools such as Castle View School, Lubbins Park Primary Academy, and St Josephs Catholic Primary School are all nearby, making this an ideal location for families. The area is well-served by public transport and local facilities, ensuring a convenient and well-connected lifestyle.

This home is an incredibly rare opportunity, offering a vast amount of space with exceptional versatility. Whether as a large family residence, a multi-generational home, or an investment opportunity with high rental yield potential, this property is a truly unique find. Viewing is highly recommended to fully appreciate everything it has to offer.

Agent Details

Anthony Quirk, Canvey Island

01268 203943

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪