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

East of England

£215,000

Listed on 12/06/2026

Property Details

Bedrooms
1
Type
Bungalow
Area
549 sqft

Description

This one-bedroom link-detached bungalow presents a unique opportunity for those looking to personalize their living space or for investors seeking a renovation project. With spacious rooms, the current layout serves as a strong base for modern updates and possible reconfiguration. The property features a private driveway and garage, ensuring off-street parking convenience, while the rear garden offers ample space that could be transformed into an attractive outdoor area or potentially extended (subject to planning permission). Although significant refurbishment is necessary, this bungalow is well-positioned in a desirable area, close to local amenities and transport links, and just a short 15-minute stroll from the beach. This combination of location and potential makes it an appealing choice for first-time buyers eager to create their ideal home.

Investment Analysis

(SS8 area)

Above Market Value

This property is priced +8.0% above area average per sq ft

+8.0%
This Property
£392/sq ft
Area Average
£363/sq ft
Avg Rent (weekly)
£339
Avg Yield
5.0%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£218,914
10% above area average per sq ft
Potential ROI
-14.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
37
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (SS8)

Area prices are stable by +1.1% over the last 12 months
3 year growth: -2.4%
5 year growth: +17.7%
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

Matlock Road, Canvey Island
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£812
Based on a loan of £161,250 over 30 years at 4.45% 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.

Stamp Duty Calculator

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