3 Bed Bungalow, Single Let, Canvey Island, SS8 9RT, £325,000

Thomas Drive, Canvey Island, SS8 9RT - 2 months ago

BTL
~76 m²
+8 photos

ValuationOvervalued

Sold Prices£217.5K - £368K
Sold Prices/m²£2.4K/m² - £4.4K/m²

 

 

Square Metres

~75.72 m²
Price/m²£4.3K/m²

Value Estimate

£242,571

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£81,250

Stamp Duty & Legal Fees

£21,200

Total Cash In

£102,450

 

 

Cash Out

 

Rent Range

£1,300 - £2,000

Rent Estimate

£1,300

Running Costs/mo

£1,296

Cashflow/mo

£4

Cashflow/yr

£53

ROI

0%

Gross Yield

5%

Local Sold Prices

50 sold prices from £217.5K to £368K, average is £270K. £2.4K/m² to £4.4K/m², average is £3.2K/m².

PriceDateDistanceAddressBeds 
£290K12/200.08 mi18, Church Parade, Canvey Island, Essex SS8 9RQ3
£300K04/210.08 mi20, Church Parade, Canvey Island, Essex SS8 9RQ3
£295K11/210.09 mi18, Central Avenue, Canvey Island, Essex SS8 9QR3
£300K10/220.1 mi25, Benderloch, Canvey Island, Essex SS8 9QX3
£368K09/230.1 mi39, Ruskoi Road, Canvey Island, Essex SS8 9QN3
£265K04/230.1 mi47, Benderloch, Canvey Island, Essex SS8 9QX3
£350K10/230.1 mi47, Central Avenue, Canvey Island, Essex SS8 9QR3
£275K07/230.14 mi202, Link Road, Canvey Island, Essex SS8 9TB3
£227K03/210.15 mi184, Link Road, Canvey Island, Essex SS8 9TB3
£270K02/210.16 mi26, Ambleside Walk, Canvey Island, Essex SS8 9TD3
£315K11/220.16 mi62, Ambleside Walk, Canvey Island, Essex SS8 9TD3
£325K12/230.16 mi24, Chiltern Approach, Canvey Island, Essex SS8 9SJ3
£225K03/210.17 mi54, Ambleside Walk, Canvey Island, Essex SS8 9TD3
£285K05/210.17 mi78, Lincoln Way, Canvey Island, Essex SS8 9SL3
£243K04/210.17 mi6, Brindles, Canvey Island, Essex SS8 9TG3
£333.5K11/210.17 mi163, Central Avenue, Canvey Island, Essex SS8 9QP3
£325K03/230.18 mi72, Lincoln Way, Canvey Island, Essex SS8 9SL3
£320K09/210.18 mi136, Central Avenue, Canvey Island, Essex SS8 9QP3
£275K03/230.19 mi14, Walkways, Canvey Island, Essex SS8 9TN3
£255K06/210.19 mi10, The Chilterns, Canvey Island, Essex SS8 9SH3
£300K02/230.2 mi9, Southwalters, Canvey Island, Essex SS8 9TE3
£270K01/210.2 mi2, Southwalters, Canvey Island, Essex SS8 9TE3
£270K07/210.21 mi24, Suffolk Way, Canvey Island, Essex SS8 9SQ3
£275K04/240.21 mi18, Suffolk Way, Canvey Island, Essex SS8 9SQ3
£217.5K06/210.21 mi21, Sixth Avenue, Canvey Island, Essex SS8 9SS3
£317K04/230.21 mi1, Brindles, Canvey Island, Essex SS8 9TG3
£246K12/200.21 mi14, Brindles, Canvey Island, Essex SS8 9TG3
£262.5K01/210.21 mi4, Brindles, Canvey Island, Essex SS8 9TG3
£285K01/240.21 mi1, Fir Walk, Canvey Island, Essex SS8 9TP3
£270K07/210.22 mi24, Suffolk Way, Canvey Island, Essex SS8 9SQ3
£230K01/210.22 mi3, Fir Walk, Canvey Island, Essex SS8 9TP3
£280K06/210.23 mi1, Avondale Walk, Canvey Island, Essex SS8 9SD3
£265K11/200.23 mi21, Avondale Walk, Canvey Island, Essex SS8 9SD3
£245K11/230.23 mi3, Avondale Walk, Canvey Island, Essex SS8 9SD3
£255K12/230.23 mi4, Glenwood, Canvey Island, Essex SS8 9TQ3
£270K02/240.24 mi108, Fourth Walk, Canvey Island, Essex SS8 9ST3
£225K03/210.24 mi124, Fourth Walk, Canvey Island, Essex SS8 9ST3
£290K10/230.25 mi30, Fairview, Canvey Island, Essex SS8 9TS3
£260K02/210.25 mi10, Fairview, Canvey Island, Essex SS8 9TS3
£265K02/230.26 mi5, Lincoln Way, Canvey Island, Essex SS8 9SE3
£280K03/240.26 mi6, Lincoln Way, Canvey Island, Essex SS8 9SE3
£245K02/210.26 mi11, Lincoln Way, Canvey Island, Essex SS8 9SE3
£263.8K11/210.26 mi31, Lincoln Way, Canvey Island, Essex SS8 9SE3
£255K11/210.26 mi4, Lincoln Way, Canvey Island, Essex SS8 9SE3
£245K07/230.28 mi51, Third Avenue, Canvey Island, Essex SS8 9SU3
£260K01/210.28 mi15, Ferrymead, Canvey Island, Essex SS8 9TT3
£255K02/210.29 mi33, Ferrymead, Canvey Island, Essex SS8 9TT3
£265K08/230.29 mi12, Ferrymead, Canvey Island, Essex SS8 9TT3
£265K11/200.29 mi29, Ferrymead, Canvey Island, Essex SS8 9TT3
£285K01/230.3 mi2, Ferrymead, Canvey Island, Essex SS8 9TT3

Local Rents

14 rents from £1.3K/mo to £2K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,55004/250.09 mi-3
£1,30009/240.41 miSecond Avenue, Canvey Island3
£1,35009/240.42 mi3 bedroom Terraced House in Canvey Island3
£1,40003/250.45 mi-3
£1,39509/240.46 mi-3
£1,40001/250.48 mi-3
£1,30009/240.5 mi119 First Avenue 3
£1,77502/250.51 mi-3
£1,50009/240.66 miThe Picketts, Canvey Island, Canvey Island, 3
£2,00009/240.7 miHawkesbury Road, Canvey Island3
£1,30009/240.74 miStanford Road, Canvey Island3
£1,90004/250.79 mi-3
£1,70001/250.85 mi-3
£1,85001/251.13 mi-3

Local Area Statistics

Population in SS8

38,134

Population in Canvey Island

38,138

Town centre distance

0.71 miles away

Nearest school

0.10 miles away

Nearest train station

1.18 miles away

 

 

Rental growth (12m)

+72%

Sales demand

Seller's market

Capital growth (5yrs)

+21%

Property History

Price changed to £325,000

March 28, 2025

Listed for £350,000

February 27, 2025

Floor Plans

Description

  • No Onward Chain +
  • Garage (with Power) +
  • Off Street Parking +
  • Double Glazed/Gas Heating +
  • Three Piece Bathroom Suite +
  • Generous Size Rear Garden +
  • Potential to Extend (stpp) +
  • Lengthy Entrance Hall +
  • Close Proximity to Shops +
  • Council Tax Band C +

*GUIDE PRICE £325,000 - £350,000*
Nestled on Thomas Drive in Canvey Island, this inviting property offers a harmonious blend of comfort and potential. As you step through the lengthy entrance hall, you’re welcomed into a home featuring three well-proportioned bedrooms, providing ample space for family living. The fitted kitchen is both functional and stylish, seamlessly connecting to the rest of the living areas.

The property boasts a modern three-piece bathroom suite, ensuring convenience and comfort. Externally, the home is complemented by an attached garage equipped with power, offering additional storage or workshop possibilities. Off-street parking enhances accessibility, while side access leads to a large rear garden adorned with new composite decking—perfect for outdoor gatherings and relaxation.

For those envisioning future enhancements, there’s potential for an extension, subject to the usual planning consents, allowing you to tailor the space to your evolving needs.

In terms of location, the property is approximately 1.2 miles from Benfleet railway station, facilitating easy commutes. Local bus routes, including the 22 and 27 lines, are accessible within a short walk, connecting you to surrounding areas.

The neighbourhood offers a variety of dining options. The Labworth Restaurant serves European and British cuisine, while Kushi specialises in Indian dishes. For a taste of Portuguese flavours, Douro Valley is a popular choice.

This property is offered with no onward chain, streamlining the purchasing process and allowing for a smooth transition into your new home.

Lounge
13'9 x 12'3
Kitchen
10'3 x 9
Bedroom 1
12' x 11'
Bedroom 2
11' x 7'5
Bedroom 3
9'9 x 8'8

Agent Details

Anthony Quirk, Canvey Island

01268 203943

Next Steps?

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