3 Bed Terraced House, Refurb/BRRR, Canvey Island, SS8 0BE, £300,000

Cleveland Road, Canvey Island, SS8 0BE - 2 views - 2 months ago

Sold STC
Refurb/BRRR
~93 m²
+4 photos

ValuationFair Value

Sold Prices£240K - £660K
Sold Prices/m²£2.8K/m² - £5.6K/m²

 

 

Square Metres

~93 m²
Price/m²£3.2K/m²

Value Estimate

£300,000

 

 

End Value (After Refurb)

£386,494

Uplift in Value

+29%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£75,000

Stamp Duty & Legal Fees

£18,700

Refurb Costs

£45,467

Bridging Loan Interest

£7,875

Total Cash In

£148,792

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£386,494

Mortgage (After Refinance)

£289,870

Mortgage LTV

75%

Cash Released

£64,870

Cash Left In

£83,922

Equity

£96,623

Rent Range

£1,200 - £2,000

Rent Estimate

£1,548

Running Costs/mo

£1,537

Cashflow/mo

£11

Cashflow/yr

£127

ROI

0%

Gross Yield

6%

Local Sold Prices

50 sold prices from £240K to £660K, average is £350K. £2.8K/m² to £5.6K/m², average is £4K/m².

PriceDateDistanceAddressBeds 
£425K11/200.04 mi8, Blackmore Avenue, Canvey Island, Essex SS8 0AS3
£412.5K05/210.06 mi15, Cleveland Road, Canvey Island, Essex SS8 0AU3
£324K03/210.07 mi42, Leigh Road, Canvey Island, Essex SS8 0AP3
£371K12/230.07 mi10, Leigh Road, Canvey Island, Essex SS8 0AP3
£315K06/230.08 mi22, Seaway, Canvey Island, Essex SS8 0AX3
£445K01/240.09 mi10, The Cherries, Canvey Island, Essex SS8 0BB3
£300K12/200.15 mi2, Howard Place, Canvey Island, Essex SS8 0AN3
£360K07/230.17 mi62, The Parkway, Canvey Island, Essex SS8 0AE3
£410K08/230.19 mi239, Furtherwick Road, Canvey Island, Essex SS8 7DQ3
£285K01/210.19 mi5, Atherstone Close, Canvey Island, Essex SS8 7DG3
£385K02/230.21 mi255, Furtherwick Road, Canvey Island, Essex SS8 7DQ3
£302.5K06/230.23 mi7, The Avenue, Canvey Island, Essex SS8 0AJ3
£340K08/230.28 mi55, Kitkatts Road, Canvey Island, Essex SS8 0DY3
£350K11/230.28 mi17, The Driveway, Canvey Island, Essex SS8 0AB3
£390K01/230.29 mi22, Meadway, Canvey Island, Essex SS8 7DJ3
£395K12/220.31 mi48, Meynell Avenue, Canvey Island, Essex SS8 7DB3
£322K08/210.32 mi17a, Grafton Road, Canvey Island, Essex SS8 7BT3
£360K05/210.32 mi1, Grafton Road, Canvey Island, Essex SS8 7BT3
£350K09/210.37 mi20, Westwood Road, Canvey Island, Essex SS8 0ED3
£300K04/230.38 mi2c, Runnymede Road, Canvey Island, Essex SS8 0EF3
£660K07/230.38 mi14, Kitkatts Road, Canvey Island, Essex SS8 0DW3
£370K01/230.4 mi28, Lambourne, Canvey Island, Essex SS8 0FG3
£280K04/210.4 mi26, Lambourne, Canvey Island, Essex SS8 0FG3
£370K09/210.43 mi18a, Rose Road, Canvey Island, Essex SS8 0BP3
£375K12/200.46 mi92, May Avenue, Canvey Island, Essex SS8 7EX3
£445K12/230.49 mi8, Coniston Road, Canvey Island, Essex SS8 0DQ3
£346K08/210.5 mi8, Convent Road, Canvey Island, Essex SS8 9DH3
£400K09/230.5 mi6, Convent Road, Canvey Island, Essex SS8 9DH3
£325K09/210.53 mi5b, Craven Avenue, Canvey Island, Essex SS8 0DJ3
£263K11/200.53 mi11, Craven Avenue, Canvey Island, Essex SS8 0DJ3
£350K09/230.55 mi21, Jasmine Close, Canvey Island, Essex SS8 0HT3
£346K06/230.55 mi4, Jasmine Close, Canvey Island, Essex SS8 0HT3
£262.5K12/200.56 mi9, Merlin Court, Canvey Island, Essex SS8 9ES3
£312.5K08/210.57 mi5, Brewster Close, Canvey Island, Essex SS8 9EL3
£240K05/210.57 mi11, Brewster Close, Canvey Island, Essex SS8 9EL3
£380K04/230.57 mi28, Odessa Road, Canvey Island, Essex SS8 7ES3
£360K04/210.57 mi70, Lottem Road, Canvey Island, Essex SS8 7HU3
£380K05/210.57 mi6, Bramble Road, Canvey Island, Essex SS8 7EB3
£330K01/230.58 mi2, Hilberry Road, Canvey Island, Essex SS8 7EL3
£260K04/210.58 mi16a, Beverley Avenue, Canvey Island, Essex SS8 0DN3
£370K01/230.58 mi3a, Beverley Avenue, Canvey Island, Essex SS8 0DN3
£335K04/210.58 mi19c, Beverley Avenue, Canvey Island, Essex SS8 0DN3
£382.5K12/230.59 mi7, Roserna Road, Canvey Island, Essex SS8 7JT3
£365K12/230.59 mi12, Roserna Road, Canvey Island, Essex SS8 7JT3
£310K06/210.6 mi15, Lavender Mews, Canvey Island, Essex SS8 0HS3
£342K06/210.62 mi43, Lottem Road, Canvey Island, Essex SS8 7HX3
£328K05/210.64 mi51, May Avenue, Canvey Island, Essex SS8 7ET3
£305K07/210.64 mi7, Heather Close, Canvey Island, Essex SS8 0GX3
£305K01/210.64 mi18, Waarem Avenue, Canvey Island, Essex SS8 9DS3
£350K12/230.65 mi25, Waarem Avenue, Canvey Island, Essex SS8 9DS3

Local Rents

15 rents from £1.2K/mo to £2K/mo, average is £1.5K/mo.

RentDateDistanceAddressBeds 
£1,65003/250.22 mi-3
£1,35002/240.44 mi-3
£1,70001/250.5 mi-3
£1,30009/240.54 miStanford Road, Canvey Island3
£1,20009/240.69 miSan Remo Road, Canvey Island, Essex3
£1,77502/250.79 mi-3
£1,50009/240.8 mi-3
£1,60001/250.8 mi-3
£2,00009/240.87 miHawkesbury Road, Canvey Island3
£1,90004/250.88 mi-3
£1,50009/240.97 mi-3
£1,39509/241 mi-3
£1,60009/241.05 miSouth Parade, Canvey Island3
£1,40001/251.1 mi-3
£1,35009/241.23 mi3 bedroom Terraced House in Canvey Island3

Local Area Statistics

Population in SS8

38,134

Population in Canvey Island

38,138

Town centre distance

0.77 miles away

Nearest school

0.30 miles away

Nearest train station

2.41 miles away

 

 

Rental growth (12m)

+72%

Sales demand

Seller's market

Capital growth (5yrs)

+21%

Property History

Price changed to £300,000

February 28, 2025

Listed for £325,000

February 19, 2025

Floor Plans

Description

  • No Onward Chain +
  • Garage to Rear of Property +
  • Loaded with Potential Throughout +
  • Ample Storage +
  • Gas heating +
  • Desirable Location +
  • Walking Distance to High Street +
  • Fair Size Rear Garden +

GUIDE PRICE £300,000 - £325,000 Introducing one of the most exciting new prospects to hit the market, perfectly situated on the sought-after Cleveland Road in Canvey Island. With no onward chain, this home offers a rare opportunity for buyers looking to secure a property in a prime coastal location.

Living on Cleveland Road means being just a short stroll from Canveys stunning seafront, offering breathtaking views, fresh sea air, and endless walks along the coast. The area is well-connected with excellent bus routes, making commuting a breeze. Plus, you will be within easy reach of popular bars and restaurants, including the highly rated The Labworth, Lobster Smack, and The Oysterfleet, perfect for enjoying a great meal or a relaxed evening by the water.

Sitting proudly on a sweeping corner plot, this home boasts a generous frontage with a lawned area, alongside side aspect parking and a garage to the rear. With space in abundance, this property offers exciting potential to add value, whether through modernisation, extending (STPP), or simply enhancing its existing charm.

The rear garden is a secluded retreat, featuring a paved patio area and a lawned section, just waiting for a touch of creativity from a garden enthusiast to bring it to life. Whether you envision a landscaped haven, an outdoor entertaining space, or a tranquil escape, the potential is limitless.

Inside, the home offers three well-proportioned bedrooms, ensuring ample space for families, professionals, or downsizers alike. The open-plan kitchen flows seamlessly into a lengthy lounge, where large windows flood the space with natural light, creating a warm and inviting atmosphere.

With its desirable location, spacious layout, and scope for enhancement, this property presents a fantastic opportunity for buyers looking to add value and maximise future resale potential.

Agent Details

Anthony Quirk, Canvey Island

01268 203943

Next Steps?

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