3 Bed Bungalow, Refurb/BRRR, Leigh-on-Sea, SS9 5ET, £325,000

Belgrave Road, Leigh-On-Sea, SS9 5ET - a month ago

Sold STC
Refurb/BRRR
~93 m²
+16 photos

ValuationUndervalued

Sold Prices£275K - £490K
Sold Prices/m²£2.6K/m² - £6.2K/m²

 

 

Square Metres

~93 m²
Price/m²£3.5K/m²

Value Estimate

£334,750
BMV3%

 

 

End Value (After Refurb)

£389,177

Uplift in Value

+20%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£81,250

Stamp Duty & Legal Fees

£21,200

Refurb Costs

£45,279

Bridging Loan Interest

£8,531

Total Cash In

£158,010

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£389,177

Mortgage (After Refinance)

£291,883

Mortgage LTV

75%

Cash Released

£48,133

Cash Left In

£109,877

Equity

£97,294

Rent Range

£1,350 - £1,950

Rent Estimate

£1,595

Running Costs/mo

£1,555

Cashflow/mo

£40

Cashflow/yr

£478

ROI

0%

Gross Yield

6%

Local Sold Prices

50 sold prices from £275K to £490K, average is £353.8K. £2.6K/m² to £6.2K/m², average is £4.1K/m².

PriceDateDistanceAddressBeds 
£300K06/210.07 mi48, Bramble Road, Leigh-on-sea, Southend-on-sea SS9 5HB3
£367.5K01/230.09 mi30, Bolney Drive, Leigh-on-sea, Southend-on-sea SS9 5HQ3
£290K10/210.1 mi37, Cornec Avenue, Eastwood, Leigh-on-sea, Southend-on-sea SS9 5EN3
£345K09/230.1 mi49, Bramble Road, Leigh-on-sea, Southend-on-sea SS9 5HA3
£330K04/230.1 mi89, Bramble Road, Leigh-on-sea, Southend-on-sea SS9 5HA3
£325K01/230.1 mi45, Bramble Road, Leigh-on-sea, Southend-on-sea SS9 5HA3
£290K04/210.1 mi29, Bramble Road, Leigh-on-sea, Southend-on-sea SS9 5HA3
£335K02/230.1 mi57, Bramble Road, Leigh-on-sea, Southend-on-sea SS9 5HA3
£300K02/210.14 mi7, Bowman Avenue, Leigh-on-sea, Southend-on-sea SS9 5EP3
£295K03/210.14 mi2, Langley Close, Leigh-on-sea, Southend-on-sea SS9 5HS3
£305K01/210.14 mi1, Langley Close, Leigh-on-sea, Southend-on-sea SS9 5HS3
£360K12/230.14 mi2, Langley Close, Leigh-on-sea, Southend-on-sea SS9 5HS3
£372.5K04/210.14 mi71, Grovewood Avenue, Leigh-on-sea, Southend-on-sea SS9 5EQ3
£310K12/230.16 mi31, Cornec Chase, Leigh-on-sea, Southend-on-sea SS9 5EW3
£350K11/210.16 mi86, Grovewood Avenue, Leigh-on-sea, Southend-on-sea SS9 5EG3
£275K06/210.17 mi387, Arterial Road, Leigh-on-sea, Southend-on-sea SS9 4DZ3
£283K04/210.18 mi401, Arterial Road, Leigh-on-sea, Southend-on-sea SS9 4DZ3
£315K06/230.18 mi10, Saffory Close, Leigh-on-sea, Southend-on-sea SS9 5HY3
£290K08/230.18 mi12, Saffory Close, Leigh-on-sea, Southend-on-sea SS9 5HY3
£310K12/200.21 mi5, Glenwood Avenue, Leigh-on-sea, Southend-on-sea SS9 5EA3
£387.1K01/210.21 mi63, Glenwood Avenue, Eastwood, Leigh-on-sea, Southend-on-sea SS9 5EA3
£280K06/210.22 mi587, Rayleigh Road, Eastwood, Leigh-on-sea, Southend-on-sea SS9 5HR3
£345K07/230.22 mi585, Rayleigh Road, Eastwood, Leigh-on-sea, Southend-on-sea SS9 5HR3
£450K09/230.23 mi15, Boleyn Close, Leigh-on-sea, Southend-on-sea SS9 5AY3
£430K03/240.23 mi54a, Glenwood Avenue, Eastwood, Leigh-on-sea, Southend-on-sea SS9 5EB3
£360K06/230.25 mi6, Tudor Road, Leigh-on-sea, Southend-on-sea SS9 5AX3
£340K03/240.25 mi30, Little Hays, Leigh-on-sea, Southend-on-sea SS9 4SF3
£370K09/210.25 mi40a, Springwater Road, Leigh-on-sea, Southend-on-sea SS9 5BJ3
£405K05/230.25 mi64, Springwater Road, Eastwood, Leigh-on-sea, Southend-on-sea SS9 5BJ3
£380K07/230.27 mi6, Ashcombe Close, Leigh-on-sea, Southend-on-sea SS9 4SE3
£300K12/210.28 mi55, Boundary Road, Leigh-on-sea, Southend-on-sea SS9 5BP3
£325K01/210.28 mi51, Boundary Road, Leigh-on-sea, Southend-on-sea SS9 5BP3
£367K11/210.28 mi202, Eastwood Old Road, Leigh-on-sea, Southend-on-sea SS9 4SQ3
£385K12/230.3 mi54, Bosworth Road, Leigh-on-sea, Southend-on-sea SS9 5AB3
£368K04/210.31 mi57, Boundary Road, Leigh-on-sea, Southend-on-sea SS9 5BP3
£357.5K01/210.31 mi41, Eastwood Rise, Leigh-on-sea, Southend-on-sea SS9 5BT3
£345K11/200.33 mi46, Gravel Road, Leigh-on-sea, Southend-on-sea SS9 5AS3
£350K03/230.33 mi46, Tudor Road, Leigh-on-sea, Southend-on-sea SS9 5AU3
£375K08/210.35 mi74, Gravel Road, Leigh-on-sea, Southend-on-sea SS9 5AT3
£400K11/230.35 mi85, Gravel Road, Leigh-on-sea, Southend-on-sea SS9 5AT3
£440K09/230.35 mi79, Gravel Road, Leigh-on-sea, Southend-on-sea SS9 5AT3
£285K02/210.35 mi187, Eastwood Old Road, Leigh-on-sea, Southend-on-sea SS9 4RZ3
£380K06/210.38 mi66, Sandhill Road, Leigh-on-sea, Essex SS9 5BY3
£455K01/230.38 mi28, Eastwood Old Road, Leigh-on-sea, Southend-on-sea SS9 4RP3
£380K12/230.4 mi69, Bosworth Road, Leigh-on-sea, Southend-on-sea SS9 5AD3
£370K06/210.4 mi7, Sandhill Road, Leigh-on-sea, Essex SS9 5BX3
£425K10/230.4 mi18, Sandhill Road, Leigh-on-sea, Essex SS9 5BX3
£490K03/230.41 mi66, Eastwood Rise, Leigh-on-sea, Southend-on-sea SS9 5BU3
£400K11/230.43 mi30, Rayleigh Avenue, Leigh-on-sea, Essex SS9 5DN3
£400K06/230.43 mi45, The Ryde, Leigh-on-sea, Southend-on-sea SS9 4TH3

Local Rents

13 rents from £1.4K/mo to £1.9K/mo, average is £1.6K/mo.

RentDateDistanceAddressBeds 
£1,57509/240.17 miArterial Road, Leigh-on-Sea3
£1,75003/240.22 mi-3
£1,50009/240.25 mi-3
£1,47509/240.27 miAshcombe Close, Leigh-on-Sea3
£1,60009/240.42 miThe Fairway, Leigh-on-sea, SS93
£1,39509/240.7 miBrookfields, Leigh-On-Sea3
£1,55009/240.71 miArterial Road, Leigh on Sea3
£1,95007/240.72 mi-3
£1,49509/240.9 miLeighwood Avenue, Leigh-on-Sea3
£1,70011/240.98 mi-3
£1,70001/251.09 mi-3
£1,35009/241.16 miPopes Walk, Rayleigh3
£1,70009/241.23 miMountdale Gardens, Leigh-on-sea, SS93

Local Area Statistics

Population in SS9

49,984

Town centre distance

1.25 miles away

Nearest school

0.40 miles away

Nearest train station

2.05 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+14%

Sales demand

Balanced market

Capital growth (5yrs)

+24%

Property History

Listed for £325,000

March 21, 2025

Floor Plans

Description

  • Fantastic corner plot – Offers extra space, a larger garden, and great potential for extension (subject to planning). +
  • Three bedrooms – A flexible layout that could work for families, downsizers, or even a home office setup. +
  • Spacious lounge/diner – A bright and airy space with plenty of room for both relaxing and entertaining. +
  • Kitchen with adjoining conservatory/utility – Great for additional storage, a laundry area, or even extending the kitchen. +
  • Detached garage and off-street parking – No more battling for a parking space, plus extra storage options. +
  • Huge potential – A project property that’s just waiting for a fresh new look to suit your style. +
  • Convenient location – A short walk to shops, a pharmacy, a doctor’s surgery, and bus stops with links to Southend and Rayleigh. +
  • Easy access to nature and schools – Close to Cherry Orchard Jubilee Country Park and within the catchment area for well-regarded schools. +
  • Guide Price £325,000 to £350,000 +

If you’ve been searching for a property you can truly make your own, this three-bedroom semi-detached bungalow in Eastwood is a real find. Sitting on a generous corner plot, it’s packed with potential for modernisation, extension (subject to planning), or simply a fresh new look to suit your style. Whether you’re a first-time buyer, investor, or someone looking for a project with real rewards, this could be the perfect next step. Stepping inside, you’ll find three well-sized bedrooms, a spacious lounge/diner that’s flooded with natural light, and a separate kitchen leading into a conservatory/utility room—ideal for extra storage or even as a handy laundry space. The layout is practical and full of possibilities, offering plenty of scope to update and reconfigure to suit modern living. Outside, the corner plot really comes into its own. There’s a front garden, off-street parking, and a detached garage, which could serve as anything from extra storage to a potential workshop. The rear garden is a great size and offers a blank canvas for landscaping, extending the property, or just enjoying some outdoor space. Beyond the potential, the location is a huge draw. Local shops, a pharmacy, and cafés are just a short stroll away, making everyday errands a breeze. The bus stop is conveniently close, with easy links to Southend and Rayleigh, while the A127 is within quick reach for anyone commuting further afield. Families will appreciate being within the catchment area of well-regarded schools, and if you enjoy the outdoors, Cherry Orchard Jubilee Country Park is nearby for peaceful walks and fresh air. Yes, this bungalow does require some updating, but that’s what makes it such an exciting opportunity. With the right vision, it could be transformed into a truly fantastic home which a family could benefit form for years to come. If you can see the potential here, let’s arrange a viewing – it’s ready and waiting for its next chapter!

Agent Details

Nest in Essex, Rayleigh

01268 500988

Next Steps?

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