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Grosvenor Road, Westcliff-on-Sea, Essex

East of England

£1,050,000
Listed on 23/02/2025

Property Details

Bedrooms
17
Type
Detached house
Area
4759 sqft

Description

This former hotel, located near the coast, presents a remarkable investment opportunity. Featuring 17 en-suite bedrooms and a substantial total floor area of 4,759 sqft, this property is ripe for transformation. The potential uses are diverse, pending the necessary planning consents. With off-road parking available for up to 8 vehicles and a rear garden providing valuable outdoor space, this location offers both convenience and versatility for future occupants. Given its size and layout, there is significant scope for renovation to create desirable accommodations or alternative usage scenarios.

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, Essex
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Mortgage Calculator

£
£
£
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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