Arterial Road, Leigh-on-Sea, Essex, SS9

This semi-detached bungalow presents a project with considerable potential, particularly for buyers looking to make their mark. With two double bedrooms and a spacious living area, the property offers a good amount of internal space, complemented by a generous 72ft garden. While the interiors are dated and could benefit from a full refurbishment, this provides a blank canvas for creative renovation.

However, the asking price of £300,000 translates to £516/sqf, which is notably above the local average of £439/sqf. With renovation costs likely to fall between £40,000 and £80,000, the all-in costs stretch beyond current local benchmarks for this area, highlighting a significant economic weakness in this opportunity. Buyers should carefully consider the financial implications before proceeding, as the current pricing leaves little room for margin.

The property comes with the advantage of no onward chain, making it an appealing option for those ready to dive into a project. Just keep in mind that while the scope for improvement is clear, the financials need to be carefully navigated to ensure a worthwhile investment.