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Russell Close, Basildon, Essex, SS15 - Image 1
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Russell Close, Basildon, Essex, SS15

East of England

£140,000
Listed on 21/11/2025

Property Details

Bedrooms
1
Type
Flat
Area
491 sqft

Description

This upper-floor one-bedroom apartment in the desirable Peters Court development in SS15 presents a unique opportunity for those looking to invest or create a personal haven. While the property is equipped with essential updates like a new boiler and recent rewiring, it requires modernization that allows for customization according to your style. The spacious lounge/diner, coupled with a well-sized double bedroom and practical shower room, provides ample space for modern upgrades. The entrance hall features built-in storage solutions, adding to the functionality of the layout. With resident parking and the tranquility of being on the top floor, this apartment holds significant promise in an excellent location close to amenities and transport links. It's an ideal canvas for first-time buyers or investors aiming to enhance value through thoughtful renovations in a thriving community.

Investment Analysis

(SS15 area)

Below Market Value

This property is priced -24.5% below area average per sq ft

-24.5%
Potential saving
This Property
£285/sq ft
Area Average
£378/sq ft
Avg Rent (weekly)
£358
Avg Yield
5.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£204,077
10% above area average per sq ft
Potential ROI
+23.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
23
Average per month
Market Turnover
17%
Properties sold annually

Local Market Trend (SS15)

Area prices are rising by +4.0% over the last 12 months
3 year growth: 1.4%
5 year growth: 15.8%
Investment Disclaimer: Analysis based on SS15 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

Russell Close, Basildon, Essex, SS15
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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
£513
Based on a loan of £105,000 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