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First Avenue, Canvey Island

East of England

£220,000
Listed on 29/08/2025

Property Details

Bedrooms
2
Type
Terraced house

Description

This two-bedroom terraced house presents a compelling opportunity for renovation enthusiasts or investors looking to capitalize on its potential. While the property requires modern updates, this need is well-reflected in its pricing, making it an attractive option for those seeking to add value through improvement. The ground floor features a spacious lounge that seamlessly connects to a wet room, creating an open feel perfect for reconfiguration or renovation. The kitchen, situated adjacent to the lounge, offers ample space for reimagining as part of a modern layout. Upstairs, the property accommodates two generously sized bedrooms. The first bedroom, notably large, can be transformed into a cozy retreat with proper redesign. A dedicated bathroom and separate WC round out the upper level, offering opportunities for upgrades to enhance functionality and aesthetics. Located in a neighborhood where similar properties are commanding rental prices exceeding £1,000 per month, this home not only serves as a residence but also holds significant investment appeal. Given its concrete construction, prospective buyers should consider their options and do thorough research regarding renovation possibilities. For those interested in viewing the property's true potential firsthand, an internal visit is encouraged. This space could be adapted into a stylish home that meets contemporary standards while providing solid long-term rental income. With some creativity and effort, this house has the foundation to become a desirable asset in today's market.

Investment Analysis

(SS8 area)
Area Average
£356/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
31
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (SS8)

Area prices are stable by +1.6% over the last 12 months
3 year growth: -2.0%
5 year growth: 19.2%
Investment Disclaimer: Analysis based on SS8 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

First Avenue, Canvey Island
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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
£806
Based on a loan of £165,000 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.

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