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Gernons, Lee Chapel South, SS16

East of England

£325,000
Listed on 31/03/2026

Property Details

Bedrooms
2
Type
Terraced
Area
721 sqft

Description

This spacious two-bedroom home presents an excellent opportunity for first-time buyers and investors looking to enhance its potential. Located in the desirable area of Lee Chapel South, this property is conveniently available with no onward chain. The ground floor features a welcoming entrance and a generous lounge/diner that flows into a contemporary kitchen, making it a great canvas for modern updates and personalization. On the upper level, you'll find two well-sized double bedrooms alongside a sleek family bathroom, offering comfortable living spaces that could benefit from design upgrades. The property is currently in decorative order but has room for enhancements or reconfigurations to maximize usability. The loft space is particularly noteworthy; with proper permissions, it could be transformed into additional living quarters. Outside, the substantial rear garden provides scope for extensions or outbuildings, pending planning consent, while the front garden adds character without high maintenance demands. Residents can enjoy ample parking nearby and easy access to local amenities, schools, and transport links including Basildon railway station for direct trips to London. This home's blend of comfort and renovation potential makes it a compelling investment opportunity.

Investment Analysis

(SS16 area)

Above Market Value

This property is priced +15.0% above area average per sq ft

+15.0%
This Property
£451/sq ft
Area Average
£392/sq ft
Avg Rent (weekly)
£355
Avg Yield
4.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£310,776
10% above area average per sq ft
Potential ROI
-11.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
28
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (SS16)

Area prices are stable by -1.8% over the last 12 months
3 year growth: -10.0%
5 year growth: +5.4%
Investment Disclaimer: Analysis based on SS16 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

Gernons, Lee Chapel South, SS16
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£1,151
Based on a loan of £243,750 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.

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