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GROSVENOR ROAD, Westcliff-On-Sea

East of England

£1,050,000
Listed on 22/02/2025

Property Details

Bedrooms
7
Type
Detached house
Area
4759 sqft

Description

This link detached property presents an intriguing opportunity for investors and developers alike, with the potential to transform a spacious 17-bedroom, 17-bathroom hotel located in the desirable Chalkwell area, just steps from the seafront. Spanning approximately 4,759 square feet across three levels, this building includes a rear garden and off-street parking capable of accommodating several vehicles. The layout features an entrance hallway leading to various accommodations on the ground floor, a reception area, and facilities such as a kitchen and laundry room. Each bedroom comes equipped with its own en-suite bathroom. Given its size and location, the property is ripe for redevelopment or business investment (subject to planning permission). A viewing is strongly recommended to appreciate the full scope of possibilities this property has to offer.

Investment Analysis

(SS0 area)

Below Market Value

This property is priced -37.7% below area average per sq ft

-37.7%
Potential saving
This Property
£221/sq ft
Area Average
£354/sq ft
Avg Rent (weekly)
£264
Avg Yield
4.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£150,000 - £250,000
Target Value
£1,853,940
10% above area average per sq ft
Potential ROI
+42.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
43
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (SS0)

Area prices are rising by +8.7% over the last 12 months
3 year growth: 2.9%
5 year growth: 14.8%
Investment Disclaimer: Analysis based on SS0 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

GROSVENOR ROAD, Westcliff-On-Sea
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£3,846
Based on a loan of £787,500 over 30 years at 4.19% 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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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE