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Glasseys Lane, Rayleigh

East of England

£425,000
Listed on 04/09/2025

Property Details

Bedrooms
4
Type
Semi-detached house
Area
1323 sqft

Description

This four-bedroom property presents a promising opportunity for those looking to invest in a home with renovation potential. Spread across three floors, the layout includes two spacious reception rooms that offer flexibility for modern living. The lounge, which seamlessly connects to the dining area, creates a welcoming space for gatherings and family time. The galley kitchen is complemented by a utility room, providing practicality for daily chores. At the rear, a conservatory enhances the living space, allowing for year-round enjoyment of views over the garden. On the first floor, you will find three well-proportioned bedrooms along with a family bathroom, ensuring ample private space for residents. The second-floor master bedroom serves as a comfortable retreat away from the busier areas of the home. Outside, the south-facing garden offers privacy and an ideal setting for outdoor activities or social events, making it perfect for families who appreciate time outdoors. The property also features two garages and a driveway that accommodates multiple vehicles, enhancing its convenience for homeowners and guests alike. Situated in a desirable location with easy access to local amenities, schools such as Rayleigh Primary and Sweyne Park, as well as transport links including the mainline station and major roads like the A127. This property is offered chain-free, making it an attractive option for those ready to embark on their renovation journey. With creative vision and some updates, this house could be transformed into your ideal long-term residence.

Investment Analysis

(SS6 area)

Below Market Value

This property is priced -22.8% below area average per sq ft

-22.8%
Potential saving
This Property
£321/sq ft
Area Average
£416/sq ft
Avg Rent (weekly)
£321
Avg Yield
3.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£605,769
10% above area average per sq ft
Potential ROI
+30.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
25
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (SS6)

Area prices are stable by +0.5% over the last 12 months
3 year growth: 1.8%
5 year growth: 16.5%
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

Glasseys Lane, Rayleigh
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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
£1,557
Based on a loan of £318,750 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