52 Danbury Down, Basildon, SS14 2SW

Description

A fully tenanted three bedroom terraced house. In need of modernisation. Benefiting from an HMO licence and a communal rear garden. Well located for the local and recreational amenities of Basildon. Investment let at £29,100 per annum.

Accommodation

Ground Floor - Shower Room, Kitchen, Kitchen / Diner, Bedroom. First Floor - Two Bedrooms, Bathroom.

Location

Basildon is a town in the county of Essex. Located on Danbury Down, close to the turning for Whitmore Way. Conveniently located for the amenities of Festival Leisure Park and Mayflower Shopping Park. Recreational amenities are nearby at Gloucester Park and Holy Cross Park. Transport Basildon - National Rail.

Tenure / Property Information

Investment Analysis

The strongest comparable is 38 Danbury Down, a freehold terraced property sold for £290,000 on 23 January 2026. Earlier same-street sales range from £244,000 to £365,000, but dates and potentially differing condition/specification limit direct comparison. A £290,000 base GDV is used as an evidence-led estimate, with £244,000 low and £365,000 high scenarios. The subject requires modernisation and is fully tenanted with an HMO licence, so its actual value may differ from the comparable evidence. Buyer premium, VAT, seller charges and refurbishment costs are unspecified.

Investment Snapshot

Strategy Recommendation

Prioritise income-retention or refinance-led analysis rather than an immediate flip, subject to verifying the £29,100 rent, HMO licence, tenancy terms and condition. Do not bid without a documented works budget and full auction charges.

Works Required

Modernisation is required, but the evidence does not specify the condition or scope. Obtain a survey and tenancy/HMO review before budgeting for kitchen, bathrooms, decoration, services or compliance works; no specific defects should be assumed.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £290,000 base GDV, 75% refinancing equates to £217,500, which is £17,500 above the guide price before refurbishment, acquisition costs, finance costs and taxes. Because works and auction charges are unknown, cash left in and refinance viability cannot be reliably calculated. Confirm lender acceptance of the HMO, tenancy profile, EPC and property condition.

Buy-to-Let Analysis

The stated investment rent is £29,100 per annum, equivalent to £2,425 pcm. Against the £200,000 guide, this indicates a gross yield of 14.55%. No external rental comparables, operating costs, finance costs, buyer premium or refurbishment budget are supplied, so net yield and yield on total cost cannot be established. Existing tenancy terms, HMO compliance and the status of the stated rent require verification.

Flip Analysis

The base GDV is estimated at £290,000 using the most recent same-street comparable, but the property needs modernisation. A flip surplus cannot be calculated because refurbishment costs, buyer charges, VAT, seller charges, finance costs and selling costs are not supplied. The £244,000 to £365,000 comparable range indicates substantial valuation uncertainty.

Investor Risks & Due Diligence

• The stated £29,100 annual rent and tenancy terms require verification.

• The property is described as needing modernisation, but the scope and cost of works are unknown.

• Buyer premium, VAT and possible seller charges are unspecified.

• HMO licence status, compliance requirements and lender acceptance require confirmation.

• The comparable evidence has a wide price range and may reflect different condition or specification.

• No external rental comparables or operating-cost information are available.

Recommendation

Prioritise income-retention or refinance-led analysis rather than an immediate flip, subject to verifying the £29,100 rent, HMO licence, tenancy terms and condition. Do not bid without a documented works budget and full auction charges.

Strategy Rating

Analysis Confidence

There is one recent same-street completed sale, additional historic comparables, a stated annual rent and a guide price. However, condition detail, rental comparables, tenancy terms, refurbishment costs and auction charges are incomplete.