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Grosvenor Road, Westcliff-on-Sea, Essex

East of England

£1,050,000
Listed on 14/12/2024

Property Details

Bedrooms
17
Type
Link Detached House
Area
4759 sqft

Description

This former hotel presents a rare investment opportunity, situated adjacent to the coast. With 17 en-suite bedrooms and a generous total of 4,759 square feet, the property offers significant potential for transformation. Its zoning allows for various redevelopment options, subject to obtaining the necessary planning permissions. The availability of off-road parking for eight vehicles adds convenience, while the rear garden provides valuable outdoor space suitable for future residents or guests. This property is ideal for developers looking to capitalize on its strategic location and versatile layout.

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)
£276
Avg Yield
4.5%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£250,000 - £400,000
Target Value
£1,855,249
10% above area average per sq ft
Potential ROI
+27.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
44
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (SS0)

Area prices are stable by +1.3% over the last 12 months
3 year growth: +0.5%
5 year growth: +8.3%
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, Essex
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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
£3,719
Based on a loan of £787,500 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.

Stamp Duty Calculator

Price History

+4.8% since listed
£1,100,000+£50,000(+4.8%)
16/12/2024
Current price
£1,050,000Initial listing
25/06/2024

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