2 Bed Bungalow, Refurb/BRRR, Benfleet, SS7 2NT, £300,000

Daws Heath, SS7 2NT - 1 views - 2 months ago

Sold STC
Refurb/BRRR
~68 m²
+8 photos

ValuationFair Value

Sold Prices£255K - £490K
Sold Prices/m²£3.4K/m² - £7.7K/m²

 

 

Square Metres

~68.11 m²
Price/m²£4.4K/m²

Value Estimate

£306,000

 

 

End Value (After Refurb)

£315,000

Uplift in Value

+5%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£75,000

Stamp Duty & Legal Fees

£12,700

Refurb Costs

£33,336

Bridging Loan Interest

£7,875

Total Cash In

£130,661

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£315,000

Mortgage (After Refinance)

£236,250

Mortgage LTV

75%

Cash Released

£11,250

Cash Left In

£119,411

Equity

£78,750

Rent Range

£950 - £1,700

Rent Estimate

£1,292

Running Costs/mo

£1,263

Cashflow/mo

£29

Cashflow/yr

£351

ROI

0%

Gross Yield

5%

Local Sold Prices

51 sold prices from £255K to £490K, average is £345K. £3.4K/m² to £7.7K/m², average is £4.9K/m².

PriceDateDistanceAddressBeds 
£365K01/210.1 mi11, Broomfield, Benfleet, Essex SS7 2ST2
£325K10/230.1 mi9, Broomfield, Benfleet, Essex SS7 2ST2
£377K03/230.15 mi30, Sherwood Crescent, Benfleet, Essex SS7 2LG2
£390K03/230.17 mi6, The Gill, Benfleet, Essex SS7 2SN2
£327.5K08/230.21 mi31, Ashdown Crescent, Benfleet, Essex SS7 2LJ2
£365K10/230.24 mi9, Sherwood Crescent, Benfleet, Essex SS7 2LE2
£360K08/210.36 mi8, Fernwood, Benfleet, Essex SS7 2LT2
£410K07/230.38 mi130, Rectory Road, Benfleet, Essex SS7 2NQ2
£435K06/230.39 mi21, Western Road, Benfleet, Essex SS7 2TN2
£400K11/230.4 mi17, Sherry Way, Benfleet, Essex SS7 2TR2
£393K11/200.41 mi28, Bramble Road, Benfleet, Southend-on-sea SS7 2UN2
£385K03/240.41 mi26, Bramble Road, Daws Heath, Benfleet, Essex SS7 2UN2
£400K11/210.43 mi53, Thorington Avenue, Thundersley, Benfleet, Essex SS7 2TH2
£265K04/210.49 mi42, Willow Walk, Benfleet, Essex SS7 2RW2
£285K11/210.52 mi15, Willow Walk, Hadleigh, Benfleet, Essex SS7 2RW2
£275K02/210.53 mi29, Willow Walk, Benfleet, Essex SS7 2RW2
£315K05/230.53 mi23, Willow Walk, Hadleigh, Benfleet, Essex SS7 2RW2
£370K09/210.55 mi50, Bilton Road, Benfleet, Essex SS7 2HH2
£380K09/230.55 mi52, Bilton Road, Benfleet, Essex SS7 2HH2
£325K10/230.55 mi4, Bilton Road, Benfleet, Essex SS7 2HH2
£373K08/210.55 mi24, Commonhall Lane, Benfleet, Essex SS7 2RN2
£375K03/210.58 mi19, Leigh Heights, Benfleet, Essex SS7 2JN2
£375K08/230.62 mi69, Burlington Gardens, Benfleet, Essex SS7 2JJ2
£315K10/230.63 mi4, Windsor Gardens, Benfleet, Essex SS7 3YF2
£315K10/230.63 mi4, Windsor Gardens, Benfleet, Essex SS7 3YF2
£275K11/210.64 mi11, Church Road, Hadleigh, Benfleet, Essex SS7 2DQ2
£300K10/230.65 mi17, Church Road, Hadleigh, Benfleet, Essex SS7 2DQ2
£405K08/210.66 mi3, Oak Road North, Hadleigh, Benfleet, Essex SS7 2FL2
£255K12/200.67 mi68, High Street, Hadleigh, Benfleet, Essex SS7 2PB2
£380K06/210.67 mi100, The Avenue, Benfleet, Essex SS7 2HG2
£275K10/200.7 mi31, Florence Close, Benfleet, Essex SS7 2PN2
£275K10/200.7 mi31, Florence Close, Benfleet, Essex SS7 2PN2
£300K04/230.7 mi12, Chandos Parade, Benfleet, Essex SS7 2HT2
£465K02/210.71 mi104, Woodfield Road, Benfleet, Essex SS7 2ET2
£295K12/210.72 mi56, Parkfields, Benfleet, Essex SS7 3YU2
£265K06/210.73 mi10, Pinetrees, Benfleet, Essex SS7 1SB2
£320K03/210.73 mi45, The Crescent, Benfleet, Essex SS7 2HE2
£365K06/230.74 mi26, Homestead Gardens, Benfleet, Essex SS7 2AB2
£378K09/230.75 mi18, Broughton Road, Benfleet, Essex SS7 2HD2
£325K08/210.75 mi9, St Marks Road, Benfleet, Essex SS7 2PY2
£285K09/210.76 mi100, Church Road, Hadleigh, Benfleet, Essex SS7 2HA2
£313K11/220.76 mi98, Church Road, Hadleigh, Benfleet, Essex SS7 2HA2
£410K11/230.77 mi5, Hadleigh Park Avenue, Benfleet, Essex SS7 1SA2
£490K08/230.77 mi1, Hazel Close, Benfleet, Essex SS7 2EP2
£325K05/210.78 mi55, Beech Road, Benfleet, Essex SS7 2AG2
£358.5K09/230.78 mi53, Beech Road, Benfleet, Essex SS7 2AG2
£290K03/210.8 mi24, Beech Road, Benfleet, Essex SS7 2AZ2
£340K03/230.8 mi24, Beech Road, Benfleet, Essex SS7 2AZ2
£310K12/200.82 mi10, Tollgate, Benfleet, Essex SS7 3UX2
£376K01/230.83 mi10, Elm Road, Benfleet, Essex SS7 2AH2
£345K05/240.83 mi5, Short Road, Benfleet, Essex SS7 2AJ2

Local Rents

35 rents from £950/mo to £1.7K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,45009/240.25 miSpringfield Hadleigh2
£1,10009/240.6 miLondon Road, Hadleigh, Benfleet, Essex, SS72
£1,35004/240.66 mi-2
£1,35009/240.66 miHigh Street, Hadleigh, Benfleet, SS72
£1,50001/250.67 mi-2
£1,00009/240.7 miLondon Road, Hadleigh2
£1,30009/240.72 miLondon Road, Hadleigh, Benfleet, Essex, SS72
£1,40009/240.72 miFlat 3, 335 London Road2
£95009/240.72 miWilkinson Drop Oak Road South, Hadleigh2
£1,10009/240.75 miCastle Gate, London Road, Hadleigh2
£1,50009/240.78 miThe Residences, Rayleigh Road, SS72
£1,70009/240.79 miBeech Road, Hadleigh2
£1,60006/240.82 mi-2
£1,30009/240.82 miWoodfield Road, Hadleigh2
£1,40006/230.83 mi-2
£1,40006/230.83 mi-2
£1,15009/240.83 miEverglades, London Road, Hadleigh2
£1,40009/240.85 miTower View, London Road, Hadleigh2
£1,60003/250.89 mi-2
£1,60004/250.89 mi-2
£1,20009/240.95 miWoodside Court, Leigh-on-Sea2
£1,10009/240.95 miWoodside, Leigh-On-Sea2
£1,69503/250.98 mi-2
£1,35009/241.01 miRayleigh Road, SS72
£1,05009/241.02 miWayletts, Leigh-On-Sea2
£1,15011/241.02 mi-2
£1,00009/241.02 miEastwood Old Road, Leigh-on-Sea, Essex2
£1,12509/241.03 miWayletts, Leigh-on-Sea, SS92
£1,07503/241.05 mi-2
£1,35007/231.12 mi-2
£1,50012/241.12 mi-2
£1,40003/251.12 mi-2
£1,40010/241.12 mi-2
£1,10009/241.13 miLondon Road, Leigh-on-Sea2
£1,10009/241.13 miLeigh Heath Court, London Road, Leigh-on-Sea2

Local Area Statistics

Population in SS7

49,121

Town centre distance

1.22 miles away

Nearest school

0.40 miles away

Nearest train station

1.88 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+6%

Sales demand

Balanced market

Capital growth (5yrs)

+16%

Property History

Listed for £300,000

February 26, 2025

Floor Plans

Description

  • Vacant 2 bed semi bungalow in quiet Daws Heath Cul-de -sac +
  • Ideal project as requires updating +
  • Extended lounge +
  • Extended kitchen +
  • 3pc shower room +
  • 60ft garden with various outbuildings +
  • Off street parking +
  • Vacant possession +

GUIDE PRICE £300,000-£315,000
Situated in a quiet and desirable turning in sought-after Daws Heath, this vacant two-bedroom semi-detached bungalow presents a fantastic opportunity for buyers looking to put their own stamp on a property.
The accommodation comprises an entrance hall, two well-proportioned bedrooms, with the master featuring a charming bay window, and a rear extension, adding valuable space to both the kitchen and lounge.
Externally, the generous rear garden includes various outbuildings, providing excellent storage or potential for conversion. To the front, an independent driveway offers convenient off-street parking.
While the property does require general upgrading and improvement works, this has been more than reflected in the competitive asking price, making it an excellent prospect for those seeking a renovation project in a prime location.Early viewing is highly recommended to fully appreciate the potential this home has to offer! 

ACCOMMODATION accommodation approached via side entrance door giving access through to 

ENTRANCE HALL Wood effect flooring. Access to loft. Radiator. Doors to all rooms. 

SHOWER ROOM Fitted in a three piece suite comprising corner shower cubicle with electric shower pedestal wash hand basin inset to vanity unit and close coupled WC. Tiled floor. Tiling to all walls to head height. Obscure double glazed window to rear. Extractor fan. Stainless steel towel rail/radiator 

KITCHEN 16' 9" x 5' 7" (5.11m x 1.7m) Fitted in a range of kitchen cupboards to ground and eye level with contrasting Roll edge work tops is over. Inset stainless steel one and a half bowl single drainer sink unit with mixer tap. Space and plumbing for washing machine. Space for freestanding cooker and fridge freezer. Tiled floor. Tiled splashback. Double glazed window to rear. Stable style door and window to side. Wall mounted boiler for central heating and hot water.  

BEDROOM 2 9' 9" x 8' 5" (2.97m x 2.57m) Carpet. Radiator. Double glazed led light window to front. Flat plastered ceiling. 

LOUNGE 20 ' 7" x 9' 9" (6.27m x 2.97m) Exposed stained floorboards. Two radiators. Double glazed patio doors to rear. Flat plastered ceiling. Corner tiled gas fire. 

BEROOM 1 11' 5" x 9' 9" (3.48m x 2.97m) carpet. Radiator. Double glazed led light bay window to front. 

EXTERNALLY  

REAR GARDEN Approximately 50 feet in depth (Unmeasured)
Laid to lawn with paved patio area and central path. Privacy fencing. Two brick Built outbuildings with windows and doors. Further shed/Avery.
 

FRONT GARDEN Laid to lawn with fencing. 

PARKING Crazy paved driveway to front providing offstreet parking for one vehicle.

Agent Details

Brown & Brand, Hadleigh

01702 967620

Next Steps?

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