2 Bed Bungalow, Refurb/BRRR, Stanford-le-Hope, SS17 0EE, £375,000

Wharf Road, Stanford-Le-Hope, SS17 0EE - 3 views - 2 months ago

Refurb/BRRR
~68 m²
+10 photos

ValuationOvervalued

Sold Prices£200K - £475K
Sold Prices/m²£3.2K/m² - £7.7K/m²

 

 

Square Metres

~68.11 m²
Price/m²£5.5K/m²

Value Estimate

£301,758

 

 

End Value (After Refurb)

£367,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£93,750

Stamp Duty & Legal Fees

£18,700

Refurb Costs

£33,689

Bridging Loan Interest

£9,844

Total Cash In

£157,733

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£367,000

Mortgage (After Refinance)

£275,250

Mortgage LTV

75%

Cash Left In

£157,733

Equity

£91,750

Rent Range

£1,200 - £1,700

Rent Estimate

£1,340

Running Costs/mo

£1,435

Cashflow/mo

£-95

Cashflow/yr

£-1,138

Gross Yield

4%

Local Sold Prices

52 sold prices from £200K to £475K, average is £302.5K. £3.2K/m² to £7.7K/m², average is £4.5K/m².

PriceDateDistanceAddressBeds 
£357K06/210.02 mi85, Wharf Road, Stanford-le-hope, Thurrock SS17 0EE2
£475K10/220.05 mi95, Wharf Road, Stanford-le-hope, Thurrock SS17 0EE2
£345K06/230.2 mi15, Salisbury Avenue, Stanford-le-hope, Thurrock SS17 0DA2
£305K04/240.27 mi20, Fetherston Road, Stanford-le-hope, Thurrock SS17 0BT2
£254K10/210.28 mi25, Ryde Drive, Stanford-le-hope, Thurrock SS17 0DR2
£340K07/230.33 mi40, Billet Lane, Stanford-le-hope, Thurrock SS17 0AJ2
£285K04/240.39 mi31, Runnymede Road, Stanford-le-hope, Thurrock SS17 0JY2
£317.2K12/230.39 mi26, Burgess Avenue, Stanford-le-hope, Thurrock SS17 0AZ2
£239K11/200.49 mi49, Southend Road, Stanford-le-hope, Thurrock SS17 0PQ2
£282.8K12/220.54 mi19, Poley Road, Stanford-le-hope, Thurrock SS17 0JL2
£285K08/210.55 mi115, Victoria Road, Stanford-le-hope, Thurrock SS17 0HZ2
£290K07/230.55 mi115, Victoria Road, Stanford-le-hope, Thurrock SS17 0HZ2
£300K10/200.58 mi4, Silvertown Avenue, Stanford-le-hope, Thurrock SS17 7BT2
£200K12/230.58 mi8, Silvertown Avenue, Stanford-le-hope, Thurrock SS17 7BT2
£355K09/230.61 mi2, Collins Close, Stanford-le-hope, Thurrock SS17 7DD2
£263K12/200.65 mi16, Abbotts Drive, Stanford-le-hope, Thurrock SS17 7DG2
£265K12/200.65 mi34, Abbotts Drive, Stanford-le-hope, Thurrock SS17 7DG2
£290K03/210.66 mi18, Cloisters, Stanford-le-hope, Thurrock SS17 7EG2
£380K02/210.68 mi17, Oxford Road, Stanford-le-hope, Thurrock SS17 0NA2
£290K10/200.68 mi116, Abbotts Drive, Stanford-le-hope, Thurrock SS17 7BS2
£272K02/210.68 mi83, Abbotts Drive, Stanford-le-hope, Thurrock SS17 7BS2
£330K04/230.68 mi45, Abbotts Drive, Stanford-le-hope, Thurrock SS17 7BS2
£325K03/230.68 mi112, Abbotts Drive, Stanford-le-hope, Thurrock SS17 7BS2
£270K10/210.68 mi99, Thors Oak, Stanford-le-hope, Thurrock SS17 7BZ2
£300K12/230.68 mi111, Thors Oak, Stanford-le-hope, Thurrock SS17 7BZ2
£312K08/210.68 mi2, Rookery Close, Stanford-le-hope, Thurrock SS17 0LS2
£325K04/240.69 mi78, Monks Haven, Stanford-le-hope, Thurrock SS17 7EF2
£365K03/230.7 mi101, London Road, Stanford-le-hope, Thurrock SS17 0LY2
£350K06/210.71 mi7, Sanctuary Gardens, Stanford-le-hope, Thurrock SS17 7EE2
£235K03/210.75 mi45, Tomkins Close, Stanford-le-hope, Thurrock SS17 8QU2
£246K03/210.75 mi47, Tomkins Close, Stanford-le-hope, Thurrock SS17 8QU2
£315K07/230.75 mi40, Tomkins Close, Stanford-le-hope, Thurrock SS17 8QU2
£315K07/230.75 mi40, Tomkins Close, Stanford-le-hope, Thurrock SS17 8QU2
£267.5K12/200.76 mi21, Priory Road, Stanford-le-hope, Thurrock SS17 7EW2
£260K04/230.76 mi23, Priory Road, Stanford-le-hope, Thurrock SS17 7EW2
£340K04/230.77 mi11, Hearsall Avenue, Stanford-le-hope, Thurrock SS17 7EH2
£325K04/240.77 mi25, Hearsall Avenue, Stanford-le-hope, Thurrock SS17 7EH2
£320K10/230.78 mi11, Dowland Close, Stanford-le-hope, Thurrock SS17 8QX2
£315K06/210.83 mi56, Priory Road, Stanford-le-hope, Thurrock SS17 7EN2
£350K10/230.83 mi52, Priory Road, Stanford-le-hope, Thurrock SS17 7EN2
£332K03/240.83 mi38, Priory Road, Stanford-le-hope, Thurrock SS17 7EN2
£319.5K12/230.83 mi54, Priory Road, Stanford-le-hope, Thurrock SS17 7EN2
£290K02/210.83 mi2, Bramleys, Stanford-le-hope, Thurrock SS17 8AE2
£298K03/210.83 mi8, Bramleys, Stanford-le-hope, Thurrock SS17 8AE2
£275K06/210.85 mi6, Byrd Way, Stanford-le-hope, Thurrock SS17 8QY2
£405K07/230.88 mi2, Semples, Stanford-le-hope, Thurrock SS17 7HH2
£252K10/200.88 mi5, Farnaby Way, Stanford-le-hope, Thurrock SS17 8QZ2
£278K10/210.88 mi7, Farnaby Way, Stanford-le-hope, Thurrock SS17 8QZ2
£268K12/230.88 mi1, Farnaby Way, Stanford-le-hope, Thurrock SS17 8QZ2
£320K08/230.9 mi4, Holst Close, Stanford-le-hope, Thurrock SS17 8RB2
£320K08/230.9 mi4, Holst Close, Stanford-le-hope, Thurrock SS17 8RB2
£290K07/230.92 mi23, Markhams, Stanford-le-hope, Thurrock SS17 7EP2

Local Rents

8 rents from £1.2K/mo to £1.7K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,25009/240.23 miWharf Road, Stanford-Le-Hope2
£1,32509/240.27 mi-2
£1,45002/250.27 mi-2
£1,40009/240.28 mi-2
£1,40002/240.28 mi-2
£1,70001/250.58 mi-2
£1,25003/250.73 mi-2
£1,20009/240.82 mi-2

Local Area Statistics

Population in SS17

32,518

Town centre distance

1.37 miles away

Nearest school

0.10 miles away

Nearest train station

0.40 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+27%

Sales demand

Balanced market

Capital growth (5yrs)

+19%

Property History

Listed for £375,000

February 10, 2025

Floor Plans

Description

  • Fully Detached Bungalow +
  • Two Double Bedrooms +
  • Spacious Living Room & Separate Dining Room +
  • Fitted Kitchen +
  • Storage Room +
  • In Need Of Modernisation Throughout +
  • Fantastic Project Home +
  • Great Location - Close To Station & Amenities +
  • Excellent Transport Links +
  • No Onward Chain! +

We are delighted to bring to market this 2-bedroom fully detached bungalow which presents itself as a unique opportunity for creative buyers to create their ideal home. Boasting two generously sized double bedrooms, a spacious living room, a separate dining room perfect for entertaining guests, and a fitted kitchen awaiting transformation, this property offers a canvas to create your ideal home. With a storage room adding practicality, this residence is ideal for those seeking a project home to tailor to their tastes. While in need of modernisation throughout, the excellent location places you within close proximity to the station and amenities, promising a lifestyle of convenience. Benefit from outstanding transport links and the appeal of no onward chain, making this property a must-see for those desiring a place they can call home. Enquire now to arrange an internal inspection of this home in order to appreciate the potential on offer.

Agent Details

Howgates, Stanford Le Hope

01375 803734

Next Steps?

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