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Polsteads, Basildon, Essex, SS16

East of England

£220,000

Listed on 24/06/2026

Property Details

Bedrooms
2
Type
Terraced
Area
832 sqft

Description

This two-bedroom terraced property presents a compelling opportunity for those looking to put their own stamp on a home or for investors aiming to capitalize on the buy-to-let market. Offered with no onward chain, this residence requires modernization throughout, providing a blank canvas for renovations that can transform the living spaces into something truly personal or highly rentable. Internally, the layout features two generously sized double bedrooms, a spacious living room/dining area, and a kitchen alongside a bathroom and separate WC, all of which could benefit from contemporary upgrades. The property is conveniently located near local amenities, making it suitable for convenient daily living while also appealing to potential tenants. Early viewing is recommended to appreciate its full potential.

Investment Analysis

(SS16 area)

Below Market Value

This property is priced -32.3% below area average per sq ft

-32.3%
Potential saving
This Property
£264/sq ft
Area Average
£390/sq ft
Avg Rent (weekly)
£323
Avg Yield
4.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£357,203
10% above area average per sq ft
Potential ROI
+45.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
35
Average per month
Market Turnover
17%
Properties sold annually

Local Market Trend (SS16)

Area prices are falling by -3.2% over the last 12 months
3 year growth: -8.8%
5 year growth: +3.4%
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

Polsteads, Basildon, Essex, SS16
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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
£831
Based on a loan of £165,000 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.

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