2 Bed Terraced House, Refurb/BRRR, Basildon, SS13 1BB, £265,000

Tenterfields, Pitsea, Basildon, Essex, SS13 1BB - 2 views - 3 months ago

Sold STC
Refurb/BRRR
ROI: 2%
~68 m²
+4 photos

ValuationOvervalued

Sold Prices£97.5K - £375K
Sold Prices/m²£1.7K/m² - £5.9K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.9K/m²

Value Estimate

£239,473

 

 

End Value (After Refurb)

£276,126

Uplift in Value

+4%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£66,250

Stamp Duty & Legal Fees

£9,900

Refurb Costs

£33,396

Bridging Loan Interest

£6,956

Total Cash In

£118,253

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£276,126

Mortgage (After Refinance)

£207,094

Mortgage LTV

75%

Cash Released

£8,344

Cash Left In

£109,908

Equity

£69,031

Rent Range

£1,050 - £1,795

Rent Estimate

£1,391

Running Costs/mo

£1,161

Cashflow/mo

£230

Cashflow/yr

£2,759

ROI

2%

Gross Yield

6%

Local Sold Prices

51 sold prices from £97.5K to £375K, average is £250K. £1.7K/m² to £5.9K/m², average is £3.6K/m².

PriceDateDistanceAddressBeds 
£147.5K12/220.07 mi4, Meadgate, Basildon, Essex SS13 1NY2
£230K06/210.07 mi24, Shirley Gardens, Basildon, Essex SS13 1BA2
£250K09/210.08 mi10, Meadgate, Basildon, Essex SS13 1NY2
£280K01/230.08 mi2, Meadgate, Basildon, Essex SS13 1NY2
£210K08/210.08 mi73, Fairfax Avenue, Basildon, Essex SS13 1AY2
£285K07/230.08 mi11, Fairfax Avenue, Basildon, Essex SS13 1AY2
£235K11/200.09 mi44, Charleston Avenue, Basildon, Essex SS13 1JH2
£326K07/230.09 mi30, Charleston Avenue, Basildon, Essex SS13 1JH2
£317K08/230.12 mi5, Pembroke Mews, Pitsea, Basildon, Essex SS13 1AT2
£320K04/230.15 mi25, Burgundy Gardens, Basildon, Essex SS13 1NP2
£170K10/230.15 mi20, Burgundy Gardens, Basildon, Essex SS13 1NP2
£137K12/220.15 mi8, Brecon Close, Pitsea, Basildon, Essex SS13 1AR2
£242K02/210.19 mi23, Vermont Close, Basildon, Essex SS13 1BH2
£165K11/230.19 mi32, Holgate, Basildon, Essex SS13 1JD2
£216K11/200.19 mi44, Oakdene Road, Pitsea, Basildon, Essex SS13 1AP2
£325K07/230.19 mi44, Oakdene Road, Pitsea, Basildon, Essex SS13 1AP2
£250K10/220.21 mi21, Daltons Fen, Pitsea, Basildon, Essex SS13 1JE2
£265K05/230.21 mi43, Daltons Fen, Pitsea, Basildon, Essex SS13 1JE2
£330K09/210.21 mi28, Denver Drive, Basildon, Essex SS13 1TF2
£216K12/230.21 mi8, Denver Drive, Basildon, Essex SS13 1TF2
£236K05/210.21 mi41, Burlington Court, Basildon, Essex SS13 1QY2
£97.5K11/200.21 mi4, Burlington Court, Basildon, Essex SS13 1QY2
£300K10/220.23 mi31, Soane Street, Basildon, Essex SS13 1QU2
£375K11/220.23 mi36, Soane Street, Basildon, Essex SS13 1QU2
£150K05/230.23 mi33, Soane Street, Basildon, Essex SS13 1QU2
£280K04/210.24 mi278, Rectory Road, Pitsea, Basildon, Essex SS13 1AQ2
£330K12/220.24 mi31, Voysey Gardens, Basildon, Essex SS13 1QT2
£300K12/220.25 mi26a, Voysey Gardens, Basildon, Essex SS13 1QS2
£205K03/210.26 mi18, Daltons Fen, Pitsea, Basildon, Essex SS13 1JF2
£235K07/230.28 mi16, Cockerell Close, Basildon, Essex SS13 1QR2
£247.5K08/210.3 mi21, Havengore, Basildon, Essex SS13 1JU2
£215K10/230.3 mi17, Havengore, Basildon, Essex SS13 1JU2
£275.5K10/210.32 mi9, Wood Green, Basildon, Essex SS13 1RT2
£273K04/230.32 mi5, Wood Green, Basildon, Essex SS13 1RT2
£310K12/230.32 mi1, Wood Green, Basildon, Essex SS13 1RT2
£322.5K08/220.34 mi57, Chalvedon Avenue, Pitsea, Basildon, Essex SS13 1AF2
£245K04/240.35 mi40, Malyons Green, Basildon, Essex SS13 1PP2
£270K01/240.42 mi35, Briscoe Road, Pitsea, Basildon, Essex SS13 1AD2
£275K09/210.44 mi32, Little Searles, Pitsea, Basildon, Essex SS13 1NE2
£162.5K04/230.45 mi15, Littlebury Court, Basildon, Essex SS13 1RG2
£185K09/210.46 mi122, Plumleys, Pitsea, Basildon, Essex SS13 1NG2
£223K12/200.48 mi33, Eastbrooks Place, Pitsea, Basildon, Essex SS13 3QR2
£310K01/230.51 mi106, Stokefelde, Pitsea, Basildon, Essex SS13 1NJ2
£290K02/230.53 mi8, Plumleys, Pitsea, Basildon, Essex SS13 1NQ2
£270K10/230.54 mi101a, Eastbrooks Mews, Pitsea, Basildon, Essex SS13 3QW2
£230K02/210.58 mi29, Walthams Place, Pitsea, Basildon, Essex SS13 3PR2
£280K07/230.63 mi31, Mill Green Place, Pitsea, Basildon, Essex SS13 3QZ2
£280K07/230.63 mi31, Mill Green Place, Pitsea, Basildon, Essex SS13 3QZ2
£215K06/210.67 mi99, Winifred Road, Basildon, Essex SS13 3JH2
£220K06/210.68 mi55, Wimbish End, Basildon, Essex SS13 3PG2
£330K10/220.68 mi2, Nevendon Mews, Basildon, Essex SS13 1GL2

Local Rents

16 rents from £1.1K/mo to £1.8K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,27509/240.12 miBurnt Mills, Basildon2
£1,50002/250.12 mi-2
£1,79509/240.12 mi-2
£1,45001/250.13 mi-2
£1,65009/240.13 mi-2
£1,50011/240.13 mi-2
£1,45009/240.15 miCharleston Avenue, Basildon2
£1,40004/250.16 mi-2
£1,40009/240.18 miHolgate, Basildon, SS132
£1,05009/240.19 miVermont Close, Basildon, Essex, SS132
£1,25009/240.24 miVoysey Gardens, Basildon2
£1,15009/240.35 miBurnt Mills Road, Basildon2
£1,20009/240.4 miBurnt Mills Road, Basildon2
£1,40002/250.55 mi-2
£1,39508/240.56 mi-2
£1,45004/250.56 mi-2

Local Area Statistics

Population in SS13

22,057

Population in Basildon

105,369

Town centre distance

2.62 miles away

Nearest school

0.20 miles away

Nearest train station

1.52 miles away

 

 

Rental growth (12m)

+9%

Sales demand

Balanced market

Capital growth (5yrs)

+24%

Property History

Listed for £265,000

February 12, 2025

Description

  • Two Bedrooms +
  • Entrance Lobby +
  • Living Room +
  • Kitchen +
  • Lean To (In Bad Condition) +
  • Bathroom/Wc +
  • Rear Garden +
  • Detached Double Garage To Rear +
  • No Onward Chain +
  • Economy Seven Heating +

DOUBLE DETACHED GARAGE
We are delighted to offer sale as vendors sole agents this two bedroom en terraced house with double detached garage to the rear. The property is in need of general modernisation and is offered with no oneard chain. The property makes for an ideal first time purchase. Keys held!

Agent Details

KINGSWOOD, Basildon

01268 203171

Next Steps?

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