4 Bed Detached House, Refurb/BRRR, Leigh-on-Sea, SS9 5TQ, £365,000

9 Roach Vale, Leigh-on-Sea, Essex, SS9 5TQ - 2 views - 3 months ago

Sold STC
Auction
Refurb/BRRR
Planning
ROI: 1%
98 m²
+9 photos

ValuationFair Value

Sold Prices£300K - £1.1M
Sold Prices/m²£2.9K/m² - £7.8K/m²

 

 

Square Metres

98 m²
Price/m²£3.7K/m²

Value Estimate

£361,250

 

 

End Value (After Refurb)

£395,161

Uplift in Value

+8%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£91,250

Stamp Duty & Legal Fees

£17,900

Refurb Costs

£47,713

Bridging Loan Interest

£9,581

Total Cash In

£168,194

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£395,161

Mortgage (After Refinance)

£296,371

Mortgage LTV

75%

Cash Released

£22,621

Cash Left In

£145,573

Equity

£98,790

Rent Range

£1,395 - £2,200

Rent Estimate

£1,744

Running Costs/mo

£1,604

Cashflow/mo

£140

Cashflow/yr

£1,684

ROI

1%

Gross Yield

6%

Local Sold Prices

50 sold prices from £300K to £1.1M, average is £441K. £2.9K/m² to £7.8K/m², average is £3.8K/m².

PriceDateDistanceAddressBeds 
£426.5K02/210.08 mi234, Green Lane, Leigh-on-sea, Southend-on-sea SS9 5RJ4
£405K11/200.08 mi12, Byfield, Leigh-on-sea, Southend-on-sea SS9 5TG4
£446K11/220.09 mi251, Green Lane, Leigh-on-sea, Southend-on-sea SS9 5QN4
£555K01/230.17 mi34, Repton Grove, Southend-on-sea SS2 6SJ4
£395K05/210.19 mi77, Fairfield Gardens, Leigh-on-sea, Southend-on-sea SS9 5SD4
£385K12/220.2 mi32, Benvenue Avenue, Leigh-on-sea, Southend-on-sea SS9 5SJ4
£442.5K12/200.22 mi9, The Spinneys, Leigh-on-sea, Southend-on-sea SS9 5QZ4
£515K05/210.22 mi10, The Spinneys, Leigh-on-sea, Southend-on-sea SS9 5QZ4
£440K03/210.22 mi2, The Spinneys, Leigh-on-sea, Southend-on-sea SS9 5QZ4
£450K11/230.22 mi16, The Spinneys, Leigh-on-sea, Southend-on-sea SS9 5QZ4
£485K08/210.23 mi34, Benvenue Avenue, Leigh-on-sea, Southend-on-sea SS9 5SJ4
£420K06/210.23 mi172, Neil Armstrong Way, Leigh-on-sea, Southend-on-sea SS9 5UL4
£555K04/210.23 mi82, Whitehouse Road, Eastwood, Leigh-on-sea, Southend-on-sea SS9 5ST4
£410K02/230.26 mi14, Fairfield Crescent, Leigh-on-sea, Southend-on-sea SS9 5SQ4
£368K11/200.27 mi184, Western Approaches, Southend-on-sea SS2 6TY4
£525K06/230.28 mi25, Paddock Close, Leigh-on-sea, Southend-on-sea SS9 5QP4
£1.1M09/210.31 mi173, Green Lane, Leigh-on-sea, Southend-on-sea SS9 5QL4
£388K10/220.32 mi123, Western Approaches, Southend-on-sea SS2 6XZ4
£420K02/240.34 mi40, Collins Way, Eastwood, Leigh-on-sea, Southend-on-sea SS9 5UN4
£495K06/210.36 mi25, Kendal Way, Eastwood, Leigh-on-sea, Southend-on-sea SS9 5QS4
£450K05/210.36 mi14, Kendal Way, Leigh-on-sea, Southend-on-sea SS9 5QS4
£500K04/230.36 mi10, Kendal Way, Eastwood, Leigh-on-sea, Southend-on-sea SS9 5QS4
£388K02/210.36 mi1, Whitehouse Meadows, Eastwood, Leigh-on-sea, Southend-on-sea SS9 5TY4
£357K12/200.36 mi16, Orchard Grove, Leigh-on-sea, Southend-on-sea SS9 5TR4
£672.5K11/230.39 mi138, Rayleigh Road, Leigh-on-sea, Southend-on-sea SS9 5XF4
£450K12/200.4 mi36, Symons Avenue, Leigh-on-sea, Southend-on-sea SS9 5QE4
£395K01/240.41 mi44, Eastwood Park Drive, Eastwood, Leigh-on-sea, Southend-on-sea SS9 5RR4
£430K04/210.42 mi173, Rayleigh Road, Leigh-on-sea, Southend-on-sea SS9 5YJ4
£407K09/230.45 mi85, Neil Armstrong Way, Leigh-on-sea, Southend-on-sea SS9 5YY4
£437.5K11/200.49 mi16, Four Sisters Way, Eastwood, Leigh-on-sea, Southend-on-sea SS9 5FQ4
£540K07/230.49 mi3, Mayflower Close, Southend-on-sea SS2 6XP4
£545K10/220.49 mi9, Mayflower Close, Southend-on-sea SS2 6XP4
£480K03/230.49 mi64, Snakes Lane, Southend-on-sea SS2 6UD4
£470K06/210.5 mi9, Four Sisters Close, Eastwood, Leigh-on-sea, Southend-on-sea SS9 5FH4
£580K02/210.51 mi77, Green Lane, Leigh-on-sea, Southend-on-sea SS9 5QU4
£485K04/240.55 mi54, Brendon Way, Westcliff-on-sea, Southend-on-sea SS0 0JF4
£440K01/210.59 mi77, Steeplefield, Eastwood, Leigh-on-sea, Southend-on-sea SS9 5XJ4
£370K05/210.63 mi145, Steeplefield, Leigh-on-sea, Southend-on-sea SS9 5XP4
£490K06/230.66 mi7, Rowan Walk, Leigh-on-sea, Essex SS9 5PN4
£300K03/210.67 mi25, Dunster Avenue, Westcliff-on-sea, Southend-on-sea SS0 0HQ4
£372K12/200.68 mi42, Rowan Walk, Leigh-on-sea, Southend-on-sea SS9 5PL4
£377.5K03/210.71 mi20, Bellhouse Road, Leigh-on-sea, Southend-on-sea SS9 5NL4
£431K05/210.74 mi17, The Rodings, Leigh-on-sea, Southend-on-sea SS9 5AZ4
£430K06/230.74 mi32, The Rodings, Leigh-on-sea, Southend-on-sea SS9 5AZ4
£465K06/230.74 mi16, The Rodings, Leigh-on-sea, Southend-on-sea SS9 5AZ4
£570K12/200.77 mi17, Leighfields Avenue, Leigh-on-sea, Southend-on-sea SS9 5NN4
£435K06/210.79 mi56, Macmurdo Road, Leigh-on-sea, Southend-on-sea SS9 5AQ4
£405K10/230.83 mi32, Dulverton Avenue, Westcliff-on-sea, Southend-on-sea SS0 0HR4
£442K04/210.83 mi42, Dulverton Avenue, Westcliff-on-sea, Southend-on-sea SS0 0HR4
£555K07/210.87 mi61, Bosworth Road, Leigh-on-sea, Southend-on-sea SS9 5AD4

Local Rents

17 rents from £1.4K/mo to £2.2K/mo, average is £1.8K/mo.

RentDateDistanceAddressBeds 
£1,50009/240.45 miWalters Close, Leigh on Sea4
£1,95007/240.56 mi-3
£1,90009/240.59 miPrince Avenue, Westcliff-on-Sea3
£1,85009/240.69 miDunster Avenue Westcliff on Sea4
£1,39509/240.83 miBrookfields, Leigh-On-Sea3
£2,09501/250.85 mi-4
£2,09504/250.85 mi-4
£1,79509/240.92 miBridgwater Drive, Westcliff On Sea3
£1,70009/240.92 miMountdale Gardens, Leigh-on-sea, SS93
£1,55009/240.92 miArterial Road, Leigh on Sea3
£1,70001/250.95 mi-3
£1,49509/240.95 miLeighwood Avenue, Leigh-on-Sea3
£1,79901/251.07 mi-4
£1,80008/241.08 mi-3
£1,60009/241.11 miThe Fairway, Leigh-on-sea, SS93
£2,20009/241.14 miBridgwater Drive, Westcliff-On-Sea4
£1,57509/241.19 miArterial Road, Leigh-on-Sea3

Local Area Statistics

Population in SS9

49,984

Town centre distance

1.44 miles away

Nearest school

0.20 miles away

Nearest train station

1.68 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+14%

Sales demand

Balanced market

Capital growth (5yrs)

+24%

Property History

Listed for £365,000

February 5, 2025

Floor Plans

Description

  • 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

REFURBISHMENT OPPORTUNITY: A VACANT FREEHOLD FOUR BEDROOM DETACHED FAMILY HOME WITH PLANNING CONSENT FOR A TWO STOREY SIDE EXTENSION
Large and spacious detached family home, in need of complete modernisation and refurbishment throughout and has planning permission for a two storey side extension. This project would make a wonderful property once refurbished and is offered with NO ONWARD CHAIN. To the rear the garden backs onto the woods and the front has a garden and driveway for parking. The property is conveniently located close to local amenities.
Entrance Hall 18'8 x 7' 1
Cloakroom
Lounge 18' 7 x 11' 8
Dining Room 10' 2 x 8' 10
Kitchen 12' 7 x 7'4
First Floor Landing
Bedroom One 11' 6 x 10' 2
Ensuite Shower Room/WC
Bedroom Two 11' 3 x 8' 7
Bedroom Three 9' 8 x 6' 8
Bedroom Four 8' 1 x 6' 9
Bathroom/WC

We have been advised that the garage was demolished and drains replaced in November 2023 due to subsidence. For further details please see the legal pack.
D
The appeal is allowed and planning permission is granted for a two storey side extension at 9 Roach Vale, Eastwood, SS9 5TQ in accordance with the terms of the application, Ref 23/01870/FULH,

Agent Details

Dedman Gray Auctions, Essex

01702 311010

Next Steps?

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