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Woodgrange Drive, Thorpe Bay, SS1 - Image 1
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Woodgrange Drive, Thorpe Bay, SS1

East of England

£525,000
Listed on 02/03/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1579 sqft

Description

This detached family home presents a significant opportunity for renovation and investment, featuring three bedrooms and an adaptable layout across three reception areas. With the potential to extend and customize according to personal preferences, this property is ideal for those looking to create their dream home or enhance its rental value. The entrance welcomes you through a secure multi-locking door leading into a porch area with tiled flooring that seamlessly transitions into a spacious reception hall. This area offers direct access to an integral garage, as well as doors that lead to various living spaces. The ground floor includes a convenient W.C., further adding to the practicality of the home. The lounge, measuring 7.00m x 3.50m, showcases a feature fireplace and connects to a conservatory via sliding doors, providing brilliant natural light and an inviting atmosphere for relaxation or entertaining. Adjacent to the lounge is a dining area that comfortably accommodates a family table, enhanced by views from the double-glazed bay window. The kitchen is equipped with ample storage solutions and workspace, offering potential upgrades such as modern appliances and layout reconfigurations. It opens onto a side garden area through a double-glazed door, facilitating outdoor access. On the first floor, you’ll find three well-proportioned bedrooms equipped with fitted wardrobes. Each room features double-glazed windows that ensure plenty of light throughout the day. The bathroom facilities include both a main bathroom with a bathtub and an additional shower room, offering flexibility for family living or guest use. The low-maintenance rear garden features an initial patio space perfect for gatherings, alongside landscaped areas suitable for gardening enthusiasts or further outdoor enhancements. With gated side access leading from the front of the house to the back garden, convenience is key. Located within walking distance of local amenities including Thorpe Bay train station and various shops and eateries along Broadway, this property not only provides comfortable living space but also benefits from its proximity to essential services and transport links. The off-street parking capabilities in front of the integral garage add another layer of practicality. Given its layout, location advantages, and potential for renovations or extensions, this property stands out as an attractive investment opportunity in today's market.

Investment Analysis

(SS1 area)

Below Market Value

This property is priced -8.6% below area average per sq ft

-8.6%
Potential saving
This Property
£332/sq ft
Area Average
£364/sq ft
Avg Rent (weekly)
£270
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £60,000
Target Value
£631,884
10% above area average per sq ft
Potential ROI
+8.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
29
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (SS1)

Area prices are rising by +9.2% over the last 12 months
3 year growth: 6.5%
5 year growth: 23.4%
Investment Disclaimer: Analysis based on SS1 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

Woodgrange Drive, Thorpe Bay, SS1
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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
£1,923
Based on a loan of £393,750 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