117 Rectory Road, Basildon, Essex, SS13 2AH

Description

A three bedroom mid terrace house. Externally the property benefits from front and rear gardens. In need of modernisation. Extension potential subject to requisite consents. Vacant.

Accommodation

Ground Floor - Porch, Reception Room, Kitchen, Study. First Floor - Three Bedrooms, Bathroom/WC.

Location

Basildon is a town in the county of Essex. Located on the west side of Rectory Road, close to the turning for Somerset Gardens. Conveniently located for the amenities of Rectory Road, Pisea Market, High Road and at Eastgate Shopping Centre. Recreational amenities are nearby at Howard Park and Northlands Park. Transport Pitsea - c2c.

Tenure / Property Information

Investment Analysis

Same-road completed sales range from £225,000 at 107 Rectory Road in March 2020 to £313,000 at 111 Rectory Road in September 2022. The most recent supplied comparable is 109 Rectory Road at £267,000 in July 2025. A base GDV of £267,000 is used as an evidence-led indication only; no adjustments can be made for condition, accommodation differences or specification because those details are unavailable.

Investment Snapshot

Strategy Recommendation

Proceed only subject to a detailed refurbishment survey, confirmed auction charges and independent resale appraisal. The available evidence does not currently support a firm BTL, BRRR or flip bid.

Works Required

Modernisation is required, but the evidence does not specify the scope, extent or cost of works. Extension potential is mentioned subject to the requisite consents; no extension cost or planning position is supplied.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the indicative £267,000 base GDV, a 75% refinance would be approximately £200,250. Total project cost cannot be calculated because refurbishment costs and applicable buyer or other charges are not supplied. Cash left in and equity cannot therefore be established.

Buy-to-Let Analysis

BTL performance cannot be established because no sufficiently specific rental evidence or auctioneer rent estimate is supplied. The property is vacant, so no passing rent is evidenced. Buyer fees are unspecified and VAT may apply.

Flip Analysis

The latest supplied same-road sale is £267,000, with other same-road sales ranging from £225,000 to £313,000. A flip appraisal cannot be completed because refurbishment costs, buyer charges, selling costs and condition-adjusted resale value are unavailable.

Investor Risks & Due Diligence

• The property is stated to be in need of modernisation, but the scope and cost of works are unknown.

• The buyer fee is unspecified and VAT may apply; other seller charges may also arise under the Special Conditions of Sale.

• No sufficiently specific rental evidence or passing rent is available.

• Extension potential is subject to the requisite consents, which are not evidenced.

• Same-road comparable prices vary materially and no condition or accommodation adjustments can be made.

Recommendation

Proceed only subject to a detailed refurbishment survey, confirmed auction charges and independent resale appraisal. The available evidence does not currently support a firm BTL, BRRR or flip bid.

Strategy Rating

Analysis Confidence

There are several completed same-road sales and a stated guide price, but no rental evidence, refurbishment costings, buyer fee, selling costs or detailed condition information.