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Love Lane, Rayleigh

East of England

£550,000
Listed on 23/10/2024

Property Details

Bedrooms
3
Type
Detached House
Area
592 sqft

Description

This three-bedroom detached home situated on a distinctive corner plot in Rayleigh presents a compelling opportunity for both immediate living and future enhancement. While the property currently offers spacious and modern accommodations, including a well-appointed kitchen and generous outdoor space, there are numerous avenues for investment through renovation. The expansive garden, ample parking for multiple vehicles, and existing outbuilding with power provide an ideal foundation for creating additional living spaces or enhancing the aesthetics of the exterior. With close proximity to local amenities and transport links to London, this property is not just a home but a potential project for those looking to add value over time.

Investment Analysis

(SS6 area)

Above Market Value

This property is priced +120.2% above area average per sq ft

+120.2%
This Property
£929/sq ft
Area Average
£422/sq ft
Avg Rent (weekly)
£352
Avg Yield
4.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£274,774
10% above area average per sq ft
Potential ROI
-53.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
38
Average per month
Market Turnover
17%
Properties sold annually

Local Market Trend (SS6)

Area prices are stable by -0.1% over the last 12 months
3 year growth: +1.0%
5 year growth: +11.5%
Investment Disclaimer: Analysis based on SS6 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. 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

Love Lane, Rayleigh
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£1,948
Based on a loan of £412,500 over 30 years at 3.91% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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