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Maplin Way, NO CHAIN

East of England

£450,000
Listed on 23/10/2025

Property Details

Bedrooms
2
Type
Detached house
Area
689 sqft

Description

This detached 2-bedroom bungalow is situated in the desirable Thorpe Bay area of Southend-on-Sea, presenting a unique opportunity for buyers interested in renovation and investment. The property’s location is a significant advantage, with local shops, transport links, and the picturesque seafront just a short distance away, offering convenience alongside a tranquil coastal lifestyle. While the bungalow is currently in need of modernisation, it serves as a blank canvas perfect for buyers looking to put their personal touch on a home. The spacious layout provides ample opportunity for refurbishment and potential extension, subject to planning approval. The property sits on a generous plot that features off-street parking and a garage, enhancing its practicality. The garden area holds promise for outdoor improvements or landscaping projects, allowing for the creation of an inviting outdoor space. Overall, this bungalow stands out as an attractive investment option in a sought-after neighborhood. With thoughtful updates and renovations, it can transform into a charming residence or rental property in an appealing coastal setting. Early viewings are encouraged to appreciate this property's potential fully.

Investment Analysis

(SS1 area)

Above Market Value

This property is priced +79.5% above area average per sq ft

+79.5%
This Property
£653/sq ft
Area Average
£364/sq ft
Avg Rent (weekly)
£270
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£275,724
10% above area average per sq ft
Potential ROI
-44.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
29
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (SS1)

Area prices are rising by +9.2% over the last 12 months
3 year growth: 6.5%
5 year growth: 23.4%
Investment Disclaimer: Analysis based on SS1 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

Maplin Way, NO CHAIN
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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
£1,648
Based on a loan of £337,500 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