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2 Friars Street, Shoeburyness, Essex, SS3 9BG - Image 1
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2 Friars Street, Shoeburyness, Essex, SS3 9BG

East of England

£365,000
Listed on 20/01/2026

Property Details

Bedrooms
2
Type
Detached house

Description

This freehold mixed-use investment opportunity features a detached two-bedroom house that presents significant potential for modernisation. In addition to the vacant home, the property includes a workshop with an office area currently generating rental income, as well as three garages—two of which are occupied with a steady monthly return. A plot of land measuring 28' x 20' adds further appeal for expansion or development. The property's convenient location near Shoebury train station and local amenities enhances its attractiveness for both residential and commercial use. The house has been assessed by a local letting agent, suggesting it could yield a monthly rental income of £1,450 once upgraded. This property is ripe for investors looking to generate multiple streams of income while enhancing its value through thoughtful renovations.

Investment Analysis

(SS3 area)
Area Average
£370/sq ft
Avg Rent (weekly)
£317
Avg Yield
3.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
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
30%
Properties sold annually

Local Market Trend (SS3)

Area prices are stable by +1.1% over the last 12 months
3 year growth: -3.0%
5 year growth: 10.6%
Investment Disclaimer: Analysis based on SS3 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

2 Friars Street, Shoeburyness, Essex, SS3 9BG
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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
£1,337
Based on a loan of £273,750 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