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Broxburn Drive, South Ockendon RM15 - Image 1
Broxburn Drive, South Ockendon RM15 - Image 2
Broxburn Drive, South Ockendon RM15 - Image 3

Broxburn Drive, South Ockendon RM15

London

£120,000
Listed on 19/03/2026

Property Details

Bedrooms
1
Type
Flat

Description

This 1-bedroom, second-floor flat presents a promising investment opportunity in the sought-after area of South Ockendon. While the property requires significant attention, particularly the lounge which has sustained smoke and fire damage, it features a fitted kitchen and bathroom, along with a decent-sized double bedroom. The lounge retains its original chimney breast with a fire surround but will necessitate complete refurbishment due to its condition. A central heating system is installed, although the boiler has been disconnected; currently, hot water is provided by an electric cylinder tank. Located just minutes from local shopping amenities and with easy access to major transport routes like the A13 and M25, plus Ockendon Station for direct C2C services into London, this flat is ideal for those looking for a renovation project. Cash buyers are preferred due to the extent of repairs needed. Don't miss out on this chance to transform a distressed property into a desirable home or investment.

Investment Analysis

(RM15 area)
Area Average
£410/sq ft
Avg Rent (weekly)
£349
Avg Yield
5.2%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£25,000 - £40,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
27
Average per month
Market Turnover
22%
Properties sold annually

Local Market Trend (RM15)

Area prices are stable by +0.6% over the last 12 months
3 year growth: +3.7%
5 year growth: +14.7%
Investment Disclaimer: Analysis based on RM15 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

Broxburn Drive, South Ockendon RM15
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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
£425
Based on a loan of £90,000 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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