35 Hinguar Street, Shoeburyness, Essex, SS3 9AN

Description

Refurbishment opportunity: a three bedroom mid terraced house in need of modernisation ideal for an owner occupier or buy to let. Three bedroom mid terraced house in need of modernisation located in a popular residential area offering easy access to major c2c rail links and award winning blue flag beaches. The property also benefits from being in the Hinguar School catchment area.

Accommodation

Entrance door to; Lounge 16'4 x 13'11; Dining Room 14'1 x 10'11; Kitchen 12'10 x 8'11; Ground Floor Wet Room 9'1 x 6'8; Lean to 8'6 x 4'2; First floor landing; Bedroom One 14' x 11'; Bedroom Two 13'10 x 8'1; Bedroom Three 12'2 x 9'; Approx 40' rear garden.

Location

Popular residential area with easy access to major c2c rail links and award winning blue flag beaches. Hinguar School catchment area. Close to train station. Easy access to the beach.

Tenure / Property Information

Investment Analysis

Five same-street freehold terraced sales ranged from £285,000 to £335,000, with a median of £295,000. A supported scenario range is £286,050–£335,000, but condition differences and the property's stated modernisation requirement are not quantified. The £210,000 guide is below these completed-sale prices before works and fees.

Investment Snapshot

Strategy Recommendation

Potential refurbishment-led BTL or resale, subject to a survey, detailed works quotations and confirmation of all auction fees. Do not rely on a maximum bid without those figures.

Works Required

Modernisation is required, but the evidence does not specify the scope. Obtain a survey and contractor quotations before budgeting or bidding.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A potential BRRR case exists if the property can be modernised within an acceptable budget and refinanced against a value near the supported £295,000 base scenario. At 75% of base GDV, indicative refinance is £221,250, but cash left in cannot be calculated without works and fee data.

Buy-to-Let Analysis

Using the auctioneer's estimated rent of £1,450 pcm, annual gross rent is £17,400 and gross yield on the £210,000 guide is approximately 8.29%. Yield on total cost cannot be established because refurbishment costs and auction fees are unspecified. The rent estimate is not a passing rent.

Flip Analysis

Same-street completed sales support a resale scenario of approximately £286,050–£335,000, with a £295,000 base GDV. Flip surplus cannot be calculated because refurbishment costs, buyer fees, other costs and selling allowances are unavailable.

Investor Risks & Due Diligence

• The property's modernisation requirement is not costed or technically detailed.

• Buyer premium, administration charge and other auction fees are unspecified.

• The £1,450 pcm figure is an auctioneer estimate rather than achieved or passing rent.

• Comparable sale prices vary materially from £285,000 to £335,000.

• The supplied rental listing is from CB4 3 and is not used as a local comparable.

Recommendation

Potential refurbishment-led BTL or resale, subject to a survey, detailed works quotations and confirmation of all auction fees. Do not rely on a maximum bid without those figures.

Strategy Rating

Analysis Confidence

Same-street completed sales and an auctioneer rent estimate are available, but refurbishment scope, costs, buyer/admin fees and other project costs are missing.