3 Bed Bungalow, Single Let, Benfleet, SS7 3UX, £250,000

19 Tollgate, Benfleet, Essex, SS7 3UX - 6 views - 3 months ago

Sold STC

Auction

BTL

ROI: 6%

63 m²

+6 photos

ValuationUndervalued

Sold Prices	£261K - £575K
Sold Prices/m²	£2.8K/m² - £8K/m²

Square Metres	63 m²
Price/m²	£4K/m²
Value Estimate	£270,489£270,489
BMV	8%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£62,500£62,500
Stamp Duty & Legal Fees	£8,700£8,700
Total Cash In	£71,200£71,200

Cash Out
Rent Range	£1,350 - £1,900£1,350 - £1,900
Rent Estimate	£1,481
Running Costs/mo	£1,097£1,097
Cashflow/mo	£384£384
Cashflow/yr	£4,603£4,603
ROI	6%6%
Gross Yield	7%7%

Local Sold Prices

50 sold prices from £261K to £575K, average is £349K. £2.8K/m² to £8K/m², average is £4.3K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£407K	12/23	0.05 mi	333, Rayleigh Road, Thundersley, Benfleet, Essex SS7 3XA	-	-	3	Semi-Detached House
£373K	04/21	0.07 mi	6, Napier Gardens, Benfleet, Essex SS7 3UZ	£4,973	75	3	Detached House
£298K	12/20	0.1 mi	17, Kingshawes, Benfleet, Essex SS7 3UN	£3,275	91	3	Semi-Detached House
£360K	06/21	0.1 mi	25, Kingshawes, Benfleet, Essex SS7 3UN	£3,673	98	3	Semi-Detached House
£345K	03/21	0.11 mi	9, Kingshawes, Benfleet, Essex SS7 3UN	£5,301	65	3	Semi-Detached House
£550K	08/23	0.18 mi	89, Daws Heath Road, Benfleet, Essex SS7 2TA	£4,008	137	3	Detached House
£325K	10/23	0.2 mi	4, Woodlow, Benfleet, Essex SS7 3RL	£4,452	73	3	Semi-Detached House
£320K	10/23	0.2 mi	7, Woodlow, Benfleet, Essex SS7 3RL	-	-	3	Semi-Detached House
£405K	11/23	0.2 mi	17, Asquith Avenue, Benfleet, Essex SS7 3SY	£5,192	78	3	Semi-Detached House
£338K	04/21	0.25 mi	20, Common Lane, Benfleet, Essex SS7 3TD	£3,756	90	3	Detached House
£435K	12/20	0.25 mi	3, Keysland, Benfleet, Essex SS7 3TW	-	-	3	Detached House
£380K	03/23	0.28 mi	84, Woodlow, Benfleet, Essex SS7 3RH	-	-	3	Semi-Detached House
£440K	07/23	0.29 mi	1, Farm Way, Benfleet, Essex SS7 3RG	-	-	3	Semi-Detached House
£370.6K	12/20	0.3 mi	189, Rayleigh Road, Benfleet, Essex SS7 3XW	£2,786	133	3	Detached House
£315K	02/21	0.31 mi	32, Farm Way, Benfleet, Essex SS7 3RF	£4,701	67	3	Semi-Detached House
£348K	10/21	0.38 mi	6, Prittle Close, Benfleet, Essex SS7 3YR	£3,625	96	3	Semi-Detached House
£332.5K	06/21	0.38 mi	54, Prittle Close, Benfleet, Essex SS7 3YR	£3,614	92	3	Terraced House
£327K	04/23	0.39 mi	62, Queensmere, Benfleet, Essex SS7 3XR	£3,940	83	3	Terraced House
£360K	09/23	0.39 mi	60, Queensmere, Benfleet, Essex SS7 3XR	£4,390	82	3	Semi-Detached House
£440K	06/21	0.4 mi	69, Sandown Road, Benfleet, Essex SS7 3SQ	-	-	3	Detached House
£315K	12/20	0.42 mi	17, The Rundels, Benfleet, Essex SS7 3QJ	£4,257	74	3	Semi-Detached House
£290K	04/23	0.42 mi	15, The Rundels, Benfleet, Essex SS7 3QJ	-	-	3	Semi-Detached House
£300K	02/21	0.42 mi	3, The Rundels, Benfleet, Essex SS7 3QJ	£3,846	78	3	Semi-Detached House
£311K	09/23	0.42 mi	24, The Rundels, Benfleet, Essex SS7 3QJ	-	-	3	Terraced House
£530K	01/24	0.43 mi	67, Sandown Road, Benfleet, Essex SS7 3SQ	£8,030	66	3	Bungalow
£290K	04/21	0.44 mi	42, Drake Close, Benfleet, Essex SS7 3YL	£3,085	94	3	Terraced House
£350K	08/23	0.45 mi	41, Woodburn Close, Benfleet, Essex SS7 3XS	£4,430	79	3	Terraced House
£352K	11/20	0.45 mi	15, Cedar Park Close, Benfleet, Essex SS7 3RU	£4,889	72	3	Semi-Detached House
£283K	11/21	0.47 mi	100, The Rundels, Benfleet, Essex SS7 3QL	£4,288	66	3	Terraced House
£285K	10/20	0.47 mi	86, The Rundels, Benfleet, Essex SS7 3QL	£4,385	65	3	Terraced House
£285K	05/21	0.47 mi	88, The Rundels, Benfleet, Essex SS7 3QL	£4,138	69	3	Terraced House
£261K	05/21	0.47 mi	62, The Rundels, Benfleet, Essex SS7 3QL	-	-	3	Terraced House
£285K	01/21	0.47 mi	84, The Rundels, Benfleet, Essex SS7 3QL	£4,071	70	3	Terraced House
£400K	01/21	0.47 mi	44, Sandown Road, Benfleet, Essex SS7 3SE	£5,714	70	3	Semi-Detached House
£340K	08/22	0.48 mi	6, The Rundels, Benfleet, Essex SS7 3QJ	£4,250	80	3	Terraced House
£360K	09/22	0.49 mi	25, Grangeway, Benfleet, Essex SS7 3RP	£4,800	75	3	Terraced House
£369.5K	07/21	0.49 mi	17, Kingston Road, Benfleet, Essex SS7 1FB	£4,799	77	3	Semi-Detached House
£350K	11/21	0.5 mi	43, The Rundels, Benfleet, Essex SS7 3QN	£3,825	92	3	Semi-Detached House
£420.5K	02/23	0.5 mi	27, Cranbrook Avenue, Benfleet, Essex SS7 3YX	-	-	3	Semi-Detached House
£300K	10/23	0.5 mi	111, The Rundels, Benfleet, Essex SS7 3QN	-	-	3	Terraced House
£395K	11/21	0.5 mi	51, The Rundels, Benfleet, Essex SS7 3QN	£4,293	92	3	Semi-Detached House
£333K	11/22	0.5 mi	117, The Rundels, Benfleet, Essex SS7 3QN	£4,826	69	3	Terraced House
£435K	03/21	0.5 mi	16, Kingston Road, Benfleet, Essex SS7 1DW	-	-	3	Detached House
£378K	05/21	0.5 mi	6, Kingston Road, Benfleet, Essex SS7 1DW	-	-	3	Semi-Detached House
£315K	09/21	0.52 mi	97, Rayleigh Road, Benfleet, Essex SS7 3YH	-	-	3	Terraced House
£350K	08/23	0.52 mi	107, Rayleigh Road, Thundersley, Benfleet, Essex SS7 3YH	-	-	3	Semi-Detached House
£390K	09/21	0.54 mi	14, Cranbrook Avenue, Benfleet, Essex SS7 3YX	-	-	3	Semi-Detached House
£325K	06/21	0.54 mi	19, Pendlestone, Benfleet, Essex SS7 1RT	-	-	3	Terraced House
£331K	06/21	0.57 mi	20, Swans Green Close, Benfleet, Essex SS7 3PE	£4,797	69	3	Semi-Detached House
£575K	02/24	0.57 mi	22, Kingsley Lane, Benfleet, Essex SS7 3TU	£5,637	102	3	Semi-Detached House

Local Rents

15 rents from £1.4K/mo to £1.9K/mo, average is £1.7K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,700	12/24	0.06 mi	-	3	Bungalow
£1,500	12/24	0.41 mi	-	3	Terraced House
£1,900	09/24	0.54 mi	-	3	Terraced House
£1,550	09/24	0.56 mi	Pendlestone, Benfleet	3	Terraced House
£1,450	09/24	0.57 mi	Pendlestone, Thundersley, Essex	3	Detached House
£1,800	09/24	0.61 mi	Kiln Road, Benfleet	3	Flat
£1,500	09/24	0.72 mi	Weir Farm Road, Rayleigh, Essex, SS6	3	Detached House
£1,550	09/24	0.75 mi	Springfield, Benfleet	3	Flat
£1,675	09/24	0.78 mi	Dorothy Gardens, Benfleet	3	Detached House
£1,700	09/24	1 mi	New Road, Benfleet	3	Detached House
£1,800	09/24	1.11 mi	Poyntens, Rayleigh	3	Detached House
£1,800	09/24	1.11 mi	-	3	Semi-Detached House
£1,350	06/23	1.13 mi	-	3	Flat
£1,350	06/23	1.13 mi	-	3	Flat
£1,700	11/24	1.17 mi	-	3	Semi-Detached House

Local Area Statistics

Population in SS7	49,12149,121
Town centre distance	0.55 miles away0.55 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	1.45 miles away1.45 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+6%+6%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+16%+16%

Property History

Listed for £250,000

February 5, 2025

Floor Plans

Description

Freehold +
Strictly by appointment with the Auctioneer +

FOR SALE BY PUBLIC AUCTION ON WEDNESDAY, 26TH FEBRUARY 2025 AT 12.00PM. LIVE STREAMED VIA DEDMAN GRAY WEBSITE. BIDDING AVAILABLE BY TELEPHONE, PROXY AND ONLINE

RESIDENTIAL INVESTMENT: A VACANT FREEHOLD DETACHED BUNGALOW ON A GOOD SIZED PLOT WITH POTENTIAL FOR IMPROVEMENTS/EXTENSION SUBJECT TO PLANNING
A three bedroom detached bungalow in a sought after cul-de-sac just off Daws Heath Road. The bungalow is within close proximity to local shops, woodlands, and various amenities. Transport links are conveniently located nearby, ensuring easy access to surrounding areas. The property falls within the catchments for Thundersley Primary and The Deanes School.
Entrance Hall
Lounge 15' 7 x 11' 1
Kitchen 11' 3 x 7' 5
Inner Hallway
Bedroom One 11' x 10'0
Bedroom Two 10' 11 (Into wardrobe) x 8' 7
Bedroom Three 10'5 x 10'0
Bathroom/WC
Carport

It is considered that the bungalow offers scope for improvement/extending subject to the usual planning consents
D

Agent Details

Dedman Gray Auctions, Essex

01702 311010

Next Steps?

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