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Gernons, Lee Chapel South SS16

East of England

£325,000
Listed on 20/04/2026

Property Details

Bedrooms
2
Type
Terraced
Area
721 sqft

Description

This well-kept two-bedroom home is positioned in the desirable Lee Chapel South area, making it an attractive option for those looking to invest or for first-time buyers seeking potential. While the property is largely stylish and in good condition, there are opportunities for further enhancement to maximize value. The ground floor features a welcoming hallway that leads into a generous lounge/dining area, alongside a modern kitchen that presents possibilities for reconfiguration or updates to suit personal tastes. Upstairs, two spacious double bedrooms are complemented by a contemporary family bathroom with shower over bath. Significant assets of this property include full double glazing and an updated combi boiler, ensuring efficiency and comfort. Notably, there's a large loft with easy access via an integrated ladder; this space could be converted for additional living areas with the appropriate permissions. The rear garden is substantial, providing ample scope for extensions or outbuildings—ideal for those considering future developments (subject to planning). With resident parking available nearby and situated away from busy thoroughfares, the tranquil location enhances appeal. The surrounding amenities cater well to families and commuters alike; notable schools are within reach, and Basildon railway station offers convenient transport links into London Fenchurch Street. The proximity to shopping centres such as Eastgate and Westgate adds another layer of convenience. This property stands as both a comfortable residence and an investment opportunity with potential growth through thoughtful renovation.

Investment Analysis

(SS16 area)

Above Market Value

This property is priced +15.0% above area average per sq ft

+15.0%
This Property
£451/sq ft
Area Average
£392/sq ft
Avg Rent (weekly)
£355
Avg Yield
4.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£310,776
10% above area average per sq ft
Potential ROI
-14.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
28
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (SS16)

Area prices are stable by -1.8% over the last 12 months
3 year growth: -10.0%
5 year growth: +5.4%
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

Gernons, Lee Chapel South SS16
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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
£1,151
Based on a loan of £243,750 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.

Stamp Duty Calculator

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