95 Leigham Court Drive, Leigh-on-Sea, Essex

Description

A mid-terrace bay-fronted house situated in a popular residential location, well placed for access to Leigh Broadway, Old Leigh and the waterfront. Leigh has a good range of local shops, bars, restaurants and recreational facilities with further High Street shopping retail parks and amenities available in the surrounding area. There are regular bus routes from Leigh and Leigh-on-Sea Railway Station connects to London (Fenchurch Street) via the c2c line. To travel further afield, the A127 and A13 connects to the surrounding road network and in addition there is London Southend Airport. The property has a gas heating system via radiators and the majority of windows are double glazed. The house is now in need of renovation and improvement, allowing the successful purchaser the opportunity to re-decorate in their own taste and style.

Accommodation

Ground Floor: Entrance porch, reception hallway, open-plan living room/dining room with bay window and French doors opening to the rear garden, breakfast/family room and kitchen. First Floor: Landing, three bedrooms and bathroom with separate cloakroom/W.C. Outside: Front and rear gardens.

Location

Situated in a popular residential location, well placed for access to Leigh Broadway, Old Leigh and the waterfront. Leigh has local shops, bars, restaurants and recreational facilities, with further High Street shopping, retail parks and amenities in the surrounding area. Regular bus routes operate from Leigh. Leigh-on-Sea Railway Station connects to London (Fenchurch Street) via the c2c line. The A127 and A13 connect to the surrounding road network, and London Southend Airport is nearby.

Tenure / Property Information

Investment Analysis

The three most recent same-road freehold terraced comparables sold between £450,000 and £487,000 in 2020. Their simple average is £466,500, used as an indicative base GDV only. The evidence is dated and does not establish a current market value or confirm equivalent condition, specification or size.

Investment Snapshot

Strategy Recommendation

Proceed only after obtaining a full schedule of condition, contractor refurbishment quotations, legal-pack fee details and current local resale evidence. On the supplied evidence, this is a cautious refurbishment/resale opportunity rather than an underwritten BTL or BRRR deal.

Works Required

Renovation and improvement as described, including redecoration in the purchaser’s preferred style. The supplied evidence does not specify the required trades, defects, scope or cost, so no refurbishment allowance is assumed.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR assessment cannot be completed reliably because refurbishment costs, achievable local rent, finance costs and total acquisition costs are unavailable. At the indicative base GDV, 75% refinance is £349,875, but the cash position cannot be calculated without total project cost.

Buy-to-Let Analysis

A BTL yield cannot be established. No local Leigh-on-Sea rental evidence or auctioneer rent estimate is supplied; the £850 pcm listing is in Dundonald, Northern Ireland, and is not a reliable comparable for this property. Acquisition, refurbishment and other buyer costs are also unknown.

Flip Analysis

The supplied same-road sales support an indicative base GDV of £466,500, with a £450,000–£487,000 evidence range. A flip surplus cannot be calculated because refurbishment costs, buyer/admin costs and selling costs are not supplied. The dated 2020 comparables materially reduce certainty.

Investor Risks & Due Diligence

• Same-road comparable sales are from 2020 or earlier and may not represent current values.

• The property is described as needing renovation and improvement, but the extent and cost of works are unknown.

• Administration, other non-optional auction fees, searches, tax, Land Registry fees and VAT may be payable but are unquantified.

• No suitable local rental evidence is supplied, preventing a reliable BTL yield assessment.

• The indicative GDV does not confirm that the subject property matches the comparables in condition, size or specification.

Recommendation

Proceed only after obtaining a full schedule of condition, contractor refurbishment quotations, legal-pack fee details and current local resale evidence. On the supplied evidence, this is a cautious refurbishment/resale opportunity rather than an underwritten BTL or BRRR deal.

Strategy Rating

Analysis Confidence

The property description, tenure, vacancy and several same-road completed sales are supplied, but the sales are dated, refurbishment scope and costs are unspecified, local rent evidence is absent, and auction-related charges are not quantified.