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Swan Lane, Wickford

East of England

£650,000
Listed on 06/10/2025

Property Details

Bedrooms
6
Type
Detached house
Area
785 sqft

Description

This detached property presents a noteworthy opportunity for renovation and investment, currently functioning as two self-contained flats, each with three bedrooms. The layout supports various possibilities, including the conversion into a spacious six-bedroom family home or the construction of two semi-detached houses, subject to planning permission. Notably, there has been previous approval for these developments, underscoring its potential. Each flat is equipped with its own kitchen and offers separate reception areas, making it ideal for multi-generational living or as a rental income source. The existing configuration includes six well-sized bedrooms and two bathrooms, providing ample space and convenience for residents. Located in a promising neighborhood with easy access to local amenities and transportation links, this property is positioned to appeal to both families and investors. The surrounding area offers potential for value appreciation, particularly with the ongoing demand for housing. For those looking to invest in real estate or create a dream home tailored to their needs, this property provides an exciting canvas. With clear development prospects and existing rental options, it is an excellent choice for someone ready to realize its untapped potential.

Investment Analysis

(SS11 area)

Above Market Value

This property is priced +109.5% above area average per sq ft

+109.5%
This Property
£828/sq ft
Area Average
£395/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£75,000 - £120,000
Target Value
£341,298
10% above area average per sq ft
Potential ROI
-55.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
15
Average per month
Market Turnover
17%
Properties sold annually

Local Market Trend (SS11)

Area prices are rising by +2.3% over the last 12 months
3 year growth: -5.6%
5 year growth: 8.0%
Investment Disclaimer: Analysis based on SS11 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

Swan Lane, Wickford
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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
£2,381
Based on a loan of £487,500 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