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GROSVENOR ROAD, Westcliff-On-Sea

East of England

£1,050,000
Listed on 21/02/2025

Property Details

Bedrooms
7
Type
Link Detached House
Area
4759 sqft

Description

This expansive 17-bedroom, 17-bathroom link-detached property presents a remarkable opportunity for investors and developers. Located in the desirable Chalkwell area, just a short stroll from the seafront, the property boasts over 4,759 square feet of living space across three floors. The layout includes multiple en-suite bedrooms, making it a versatile option for various business ventures or refurbishment projects (subject to planning permission). Additionally, the property features a rear garden and off-street parking accommodating up to six vehicles, enhancing its appeal for hospitality or residential conversion. Given its current configuration and location, this property is ideal for those looking to undertake significant renovations and capitalize on the local market potential.

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)
£271
Avg Yield
4.4%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£300,000 - £500,000
Target Value
£1,855,249
10% above area average per sq ft
Potential ROI
+19.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
45
Average per month
Market Turnover
23%
Properties sold annually

Local Market Trend (SS0)

Area prices are rising by +5.0% over the last 12 months
3 year growth: +1.5%
5 year growth: +11.9%
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 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£3,787
Based on a loan of £787,500 over 30 years at 4.06% 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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