23 St. Georges Park Avenue, Westcliff-On-Sea, Essex SS0 9UF

Description

A large five bedroom detached property, in need of modernisation, with driveway and rear garden This property offers an opportunity create a well situated family home, close to local schools and amenities, following refurbishment. It may also offer potential for conversion into self-contained flats or use as a House in Multiple Occupation, subject to planning permission and licensing requirements. The accommodation is arranged over two floors and provides sizable living space. Externally, there is off-road parking to the front and an outbuilding offering additional storage or possible alternative use, subject to necessary consent. The property is suitable for owner-occupiers, developers and investors seeking a renovation project with potential to add value.

Location

23 St. Georges Park Avenue, Westcliff-On-Sea, Essex SS0 9UF. Located in the SS0 postcode district. Verify exact position, access, local demand and comparable evidence before bidding.

Investment Analysis

Investment Snapshot

Strategy Recommendation

Initial strategy: Development. Set the maximum bid only after reviewing condition, legal pack, finance, rents and sold evidence.

Works Required

Obtain a survey and contractor quotations. Allow for services, compliance, decoration and any structural, roofing, damp, kitchen, bathroom, external or development works identified.

Rental & Market Context

HB rental/value figures are indicative appraisal estimates and should be checked against current local letting and sold evidence.

Sold within approximately 5 miles

Check recent Land Registry transactions and closely matched local comparables for property type, size, tenure and condition.

Potential BRRR Position

Refinance potential depends on the completed condition, lender valuation, tenure and rental stress testing; development/commercial assets require specialist lender criteria.

Flip Analysis

Any resale margin must include SDLT, auction/legal fees, finance, holding costs, professional fees, contingency, selling costs and tax.

Investor Risks & Due Diligence

• Read the full legal pack and special conditions

• Verify tenure, occupancy, planning and title restrictions

• Inspect condition and obtain contractor quotations

• Confirm finance and insurance availability

• Verify rents and recent sold comparables

• Allow for buyer premium, administration charges and disbursements

Recommendation

Proceed only where verified total project cost supports the intended development strategy with adequate contingency.

Strategy Rating

Development: ★★★★☆ | Resale: ★★★★☆ | Buy-to-Let: ★★☆☆☆