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Grosvenor Road, Westcliff On Sea - Image 1
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Grosvenor Road, Westcliff On Sea

East of England

£1,050,000
Listed on 13/06/2024

Property Details

Bedrooms
7
Type
Detached house

Description

This semi-detached property, formerly known as the Grosvenor Hotel, offers significant potential for renovation and investment. With its original layout comprising 17 bedrooms and 18 bathrooms, the structure presents a unique canvas for developers or investors looking to capitalize on a prime location. Situated conveniently near Westcliff Train Station and the picturesque seafront, this property benefits from easy access to local amenities and transport links, enhancing its appeal to future residents or guests. Its strategic location ensures that any development is likely to attract interest from those seeking proximity to both recreational areas and essential services. Approved plans are in place for transforming this substantial space into 7 spacious flats (subject to planning permission), making it an attractive option for those looking to enter the rental market or create desirable living accommodations. The scope of renovation presents an exciting opportunity to revitalize a property poised for high demand in a thriving area. This is not just a purchase but an opportunity to invest in a project with clear potential returns. Whether you’re an experienced developer or exploring your first investment venture, consider the possibilities that this property holds within its walls.

Investment Analysis

(SS0 area)
Area Average
£350/sq ft
Avg Rent (weekly)
£291
Avg Yield
4.6%

Renovation Potential

Est. Renovation Cost
£105,000 - £262,500
10-25% of property value
Monthly Sales
49
Average per month
Market Turnover
34%
Properties sold annually

Local Market Trend (SS0)

Area prices are rising by +6.7% over the last 12 months
3 year growth: 3.8%
5 year growth: 14.5%
Investment Disclaimer: Analysis based on SS0 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Grosvenor Road, Westcliff On Sea
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