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Canvey Road, Canvey Island - Image 1
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Canvey Road, Canvey Island

East of England

£650,000
Listed on 18/02/2026

Property Details

Bedrooms
20
Type
Detached house

Description

This property presents a significant opportunity for development in Canvey Island, having recently secured full planning permission for a new build care home comprising 20 bedrooms. Spanning approximately 7,300 sq ft across three stories, the design incorporates essential facilities such as communal lounges and dining areas, staff accommodation, and commercial kitchen spaces. The layout also includes provisions for lifts and spacious gardens that can be designed as serene communal areas for residents. Given its strategic location within reach of essential amenities and good transport links to London and surrounding areas, this site is well-positioned to cater to the growing demand for elderly care accommodations in the region. Being freehold with all services reportedly connected adds to its appeal as an investment. Furthermore, there is potential for additional development subject to further council approval, allowing for creative extensions or improvements that align with local housing needs.

Investment Analysis

(SS8 area)
Area Average
£366/sq ft
Avg Rent (weekly)
£292
Avg Yield
4.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£800,000 - £1,200,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
30
Average per month
Market Turnover
23%
Properties sold annually

Local Market Trend (SS8)

Area prices are stable by +2.0% over the last 12 months
3 year growth: -2.8%
5 year growth: +18.4%
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

Canvey Road, Canvey Island
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Mortgage Calculator

£
£
£
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£2,344
Based on a loan of £487,500 over 30 years at 4.06% 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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