Development Opportunity Detached 4-Bedroom House & Derelict Bungalow on Generous Plot

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Available / For Sale

4 bedroom detached for sale

£675,000

4

Bedrooms

1

Bathrooms

Rare Opportunity Development Plot with Existing Four-Bedroom Detached Home

An exceptional opportunity to acquire a well-located site fronting Maurice Road, ideally positioned between Ouida Road and Delgada Road a sought-after residential area with strong appeal for redevelopment.

The site spans approximately 121ft in width and 71ft in maximum depth, offering a substantial footprint with outstanding potential. Within this, the principal development area measures around 78ft x 71ft, providing a generous canvas for a variety of residential schemes, subject to the necessary planning consents.

Currently, the plot comprises a derelict bungalow and a spacious four-bedroom detached house, opening the door to multiple possibilities from infill development or a full reconfiguration to complete redevelopment (STP).

This is a prime prospect for builders, investors, and developers seeking to unlock value in a well-connected, residential setting. We advise all interested parties to contact Castle Point Borough Council to explore the full extent of development options available.

Opportunities like this are few and far between early enquiries are strongly advised.

Agents Notes:
Potential building site subject to the necessary planning consents. While every care has been taken with measurements and descriptions, they are approximate, and prospective buyers are strongly advised to conduct their own due diligence.

Please note, the existing bungalow on the site is understood to contain asbestos. Additionally, the sellers will not be clearing the site prior to completion. There have also been reports of silverfish present within the dwelling.

Site Description & Dimensions - The site comprises a substantial plot measuring approximately 121 feet in width with a maximum depth of 71 feet.

It currently hosts two dwellings:

A derelict bungalow, offering potential for demolition or comprehensive redevelopment.

A four-bedroom detached house, which could either be retained or redeveloped, subject to the relevant consents.

In addition, the side garden area alone measures approximately 78 feet in width by 71 feet in depth, presenting a superb opportunity for a new build, extension of the existing home, or possibly even a separate dwelling again, subject to planning approval.

Main House Overview - A generously proportioned four-bedroom detached family home offering two reception rooms, a large garage, and electric heating. While the property would benefit from updating, it remains a comfortable and well-maintained home, ideal for a growing family. The layout provides excellent potential for improvement and personalisation, with spacious rooms and a practical flow

Hall - Welcoming entrance hall featuring a solid wood staircase and bannister, with doors leading to the main accommodation. Includes functional under-stairs storage and a built-in cupboard, ideal for coats and household items.

Cloakroom - Located off the entrance hall, the cloakroom includes a low-level WC, wall-mounted corner basin, and window for natural light and ventilation. A practical addition for guests and day-to-day use.

Lounge - 5.92m x 4.83m into bay (195 x 1510 into bay ) - A spacious and bright lounge is set off the hallway, featuring a large front-facing bay window. Fitted carpet and neutral dcor provide a comfortable setting with ample space for family living or entertaining

Kitchen - 3.76m x 3.02m (124 x 911) - Modern fitted kitchen with a good range of base and wall units, finished with contrasting worktops and tiled flooring. Includes built-in oven, induction hob, integrated dishwasher, and fridge/freezer all to remain. A rear door provides access to the garden, with a window above the sink allowing in plenty of natural light.

Dining Room - 3.20m x 3.00m (106 x 910 ) - Accessed directly from the kitchen, this flexible reception room features double-glazed French doors that open onto the rear garden. A bright space, ideal as a dining room, home office,

Landing - Doors lead off to the first-floor accommodation

Bedroom One - 3.94m x 3.73m (1211 x 123) - Double Glazed window to the front elevation

Bedroom Two - 3.02m x 2.72m (911 x 811) - Double-glazed window to the rear

Bedroom Three - 3.94m x 2.44m (1211 x 8) - Double-glazed window to the rear elevation

Bedroom Four - 3.20m x 3.00m (106 x 910) - Double Glazed window to the front

Bathroom - Fitted with a three-piece coloured suite comprising panelled bath with electric shower over, pedestal wash basin, and low-level WC. Features include part-tiled walls, double-glazed window, and wood-effect flooring. A practical space with potential for updating.

Garage - 7.62mx 2.36m (25x 79) - with door to front and rear access

Mortgage Calculator

Your property may be repossessed if you do not keep up repayments on your mortgage.

Monthly Payment: £ 8,216.87

Monthly Payment: £ 8,216.87

Monthly Payment: £ 8,216.87

Amortization For Monthly Payment: £8,216.87 over 30 years ( Based on 3.20% Interest )

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 559575

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

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Cost of Purchase

£
  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 16875
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

Adjust these figures

£

The refurbishment budget is set to 2.50% of the purchase price, but this will vary dependent on the suitability of the property for the rental market. Select a value that you feel is appropriate to the condition of the property.

£

This will vary between lenders, type of report and whether or not you are buying with a mortgage, for advice on which type of survey would be appropriate speak with an advisor from Preston Baker Financial Services.

£

Lenders will often charge a fees for the arrangement of a mortgage, for advice on what lenders may charge, speak with an advisor from Preston Baker Financial Services. Your home may be repossessed if you do not keep up repayments on your mortgage.

£

This is the sum of mortgage admin, land registry, search, bank transfer and any other fees incurred.

Purchase costs include assumed mortgage and survey costs which are estimated. For a quote contact a Preston Baker Financial Services mortgage advisor who can provide you with current and accurate information. The stamp duty calculation has applid the 3% stamp duty surcharge on the basis that this will be a second property.

Annual Costs

£ 53325
  • Mortgage Interest
    £

    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
    £
  • Letting Fee
    £
  • Maintenance
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

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£
  %

This is the percentage of the rent that you will spend maintaining the property.

£

Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.

£

Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.

£

This is a standard, indicative figure only. Properties that have a service charge often have this included withing that charge. Please consult the Property Information Questionnaire for more information.

Total Profit

£
  • Final Equity Profit
    £

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £

    Cumulative Rental Profit = Annual rental profit x Time of Investment

Adjust these figures

  %

This is the assumed rate of house price inflation.

Final Property Value

£

This is the property value at the end of the investment based on an assumed rate of % house price inflation.

Notes

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