Worst House on the Street Logo
The Knares, LEE CHAPEL SOUTH, Basildon, SS16 - Image 1
The Knares, LEE CHAPEL SOUTH, Basildon, SS16 - Image 2
The Knares, LEE CHAPEL SOUTH, Basildon, SS16 - Image 3
The Knares, LEE CHAPEL SOUTH, Basildon, SS16 - Image 4
The Knares, LEE CHAPEL SOUTH, Basildon, SS16 - Image 5
The Knares, LEE CHAPEL SOUTH, Basildon, SS16 - Image 6
The Knares, LEE CHAPEL SOUTH, Basildon, SS16 - Image 7
The Knares, LEE CHAPEL SOUTH, Basildon, SS16 - Image 8
The Knares, LEE CHAPEL SOUTH, Basildon, SS16 - Image 9
The Knares, LEE CHAPEL SOUTH, Basildon, SS16 - Image 10
The Knares, LEE CHAPEL SOUTH, Basildon, SS16 - Image 11

The Knares, LEE CHAPEL SOUTH, Basildon, SS16

East of England

£335,000
Listed on 06/10/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
902 sqft

Description

Nestled in the desirable neighborhood of Lee Chapel South, this three-bedroom terraced house presents an opportunity for both comfortable living and potential investment. The property boasts a spacious layout, highlighted by a generous family lounge and dining area—ideal for gatherings or simply unwinding after a long day. A notable feature of this home is the outbuilding in the rear garden, equipped with power and a sauna, which could serve as an excellent retreat or additional workspace. The outdoor space is further complemented by a mature garden that offers both privacy and potential for landscaping enhancements. Recent updates include new double-glazed windows, improving energy efficiency while maintaining the property's character. With an entrance porch providing added convenience, this home is designed for functional living. Investors will appreciate the possibility of creating off-street parking, subject to planning permission, which could significantly increase property value and appeal. Additionally, the location benefits from proximity to Basildon Hospital and the town center and is within walking distance to Lee Chapel Primary School, noted for its outstanding performance. Commuters will find easy access to Basildon train station, offering direct links to central London via C2C services. This property represents not only a chance to move into a vibrant community but also an invaluable opportunity for renovation and investment in an area with strong rental demand and growth potential. Early viewings are encouraged to explore all that this home has to offer.

Investment Analysis

(SS16 area)

Below Market Value

This property is priced -3.8% below area average per sq ft

-3.8%
Potential saving
This Property
£371/sq ft
Area Average
£386/sq ft
Avg Rent (weekly)
£349
Avg Yield
5.1%

Renovation Potential

Light Refurb
Est. Renovation Cost
£10,000 - £25,000
Target Value
£383,188
10% above area average per sq ft
Potential ROI
+6.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
27
Average per month
Market Turnover
25%
Properties sold annually

Local Market Trend (SS16)

Area prices are rising by +2.1% over the last 12 months
3 year growth: -9.4%
5 year growth: 11.7%
Investment Disclaimer: Analysis based on SS16 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

The Knares, LEE CHAPEL SOUTH, Basildon, SS16
Loading map...

Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,227
Based on a loan of £251,250 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

Explore services to help you with this property purchase.

Need a mortgage for this property?

Explore personalised financing options tailored to this property

No obligation, free consultation

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