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Rayleigh Drive, Leigh-on-Sea

East of England

£350,000
Listed on 13/11/2025

Property Details

Bedrooms
2
Type
Semi-detached house
Area
710 sqft

Description

This two-bedroom semi-detached bungalow in Leigh-On-Sea presents a compelling opportunity for renovation and investment. Ideal for first-time buyers or those considering downsizing, the property features two well-proportioned double bedrooms, with the main bedroom conveniently situated at the front. The bathroom is equipped with a four-piece suite, which includes a low-level WC, wash hand basin, panelled bathtub, and corner shower—all functional elements that can easily be updated to suit modern tastes. The kitchen boasts recently installed worktops and provides ample space for appliances, making it a solid foundation for further enhancements. A particularly notable feature of the property is the spacious living room and dining area at the rear, which offers pleasant views of the garden. The outdoor space includes both a paved patio and a grass lawn area, complemented by a shed for additional storage needs. This layout offers flexibility for landscaping or creating an inviting outdoor entertainment space. At the front of the bungalow, there is off-road parking suitable for two vehicles—a practical advantage in this desirable location. The property is being sold with vacant possession and no onward chain, facilitating a straightforward transaction process. With its potential for modernization and customization, this bungalow stands as an excellent canvas for those looking to invest in their next home while benefiting from the charm of Leigh-On-Sea’s coastal lifestyle.

Investment Analysis

(SS9 area)

Above Market Value

This property is priced +13.9% above area average per sq ft

+13.9%
This Property
£493/sq ft
Area Average
£433/sq ft
Avg Rent (weekly)
£336
Avg Yield
4.2%

Renovation Potential

Light Refurb
Est. Renovation Cost
£5,000 - £15,000
Target Value
£337,900
10% above area average per sq ft
Potential ROI
-7.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
46
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (SS9)

Area prices are stable by +0.4% over the last 12 months
3 year growth: 1.1%
5 year growth: 15.6%
Investment Disclaimer: Analysis based on SS9 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

Rayleigh Drive, Leigh-on-Sea
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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
£1,282
Based on a loan of £262,500 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