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Caspian Way, Purfleet, RM19

London

£200,000
Listed on 21/10/2025

Property Details

Bedrooms
2
Type
Flat
Area
622 sqft

Description

Discover this two-bedroom flat that offers significant renovation and investment potential. While the property is currently in need of updates, it presents a valuable opportunity for those looking to create their ideal living space or for investors aiming to enhance their portfolio. The flat features two spacious double bedrooms, a functional kitchen, a bathroom, and a reception area designed for comfortable living. The existing layout allows for flexible use of space, ideal for reconfiguration according to personal taste or modern design sensibilities. With some thoughtful renovations, this flat can be transformed into an attractive residence. Located in a neighborhood known for its accessibility and community amenities, the property is conveniently situated near local schools, shops, and public transport options. This makes it particularly appealing to families or professionals who prioritize convenience in their daily lives. Overall, this flat stands as a solid foundation for anyone interested in undertaking a project that could yield substantial returns or become a cherished home. The potential for customization makes it not just an investment opportunity but also a canvas ready to be shaped by the next owner’s vision. If you recognize the possibilities here, consider arranging a viewing to explore the future this property could hold.

Investment Analysis

(RM19 area)

Below Market Value

This property is priced -11.1% below area average per sq ft

-11.1%
Potential saving
This Property
£322/sq ft
Area Average
£362/sq ft
Avg Rent (weekly)
£328
Avg Yield
7.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£247,373
10% above area average per sq ft
Potential ROI
+3.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
4
Average per month
Market Turnover
6%
Properties sold annually

Local Market Trend (RM19)

Area prices are rising by +4.2% over the last 12 months
3 year growth: 8.5%
5 year growth: 11.4%
Investment Disclaimer: Analysis based on RM19 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

Caspian Way, Purfleet, RM19
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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
£733
Based on a loan of £150,000 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.

Next Steps

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE