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Canvey Road, Canvey Island

East of England

£600,000
Listed on 07/01/2026

Property Details

Bedrooms
20
Type
Detached Bungalow

Description

This property offers a distinctive chance to develop a 20-bedroom care home in the coastal town of Canvey Island, Essex, with full planning permission recently approved. The proposed design encompasses three levels with ample communal spaces including lounges and dining areas, as well as specialized facilities like a commercial kitchen and staff accommodation. Situated on a generous 0.23-acre plot, there are extensive grounds featuring private gardens and designated parking for both visitors and staff. The ground floor is set to host vital community areas along with operational necessities while the upper floors will provide accommodation for residents, designed with thoughtful access considerations in mind. The location benefits from excellent transport links, contributing to its viability as a care facility, given the projected increase in demand for elder care in the area. Potential investors should note that while current plans are robust, further development possibilities exist subject to council approval. This presents an appealing investment opportunity not only due to its strategic location but also due to the growing demographic need for dedicated elder accommodations in Canvey Island.

Investment Analysis

(SS8 area)
Area Average
£360/sq ft
Avg Rent (weekly)
£313
Avg Yield
4.7%

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
33
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (SS8)

Area prices are stable by +2.0% over the last 12 months
3 year growth: -2.7%
5 year growth: +18.0%
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 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£2,125
Based on a loan of £450,000 over 30 years at 3.91% 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.

Price History

-14.3% since listed
£600,000£50,000(-7.7%)
26/03/2026
Current price
£650,000£50,000(-7.1%)
18/02/2026
£700,000Initial listing
07/01/2026

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