2 Bed Flat, Single Let, Benfleet, SS7 5AQ, £210,000

422D High Road, Benfleet, Essex, SS7 5AQ - 8 views - a year ago

BTL
ROI: 6%
41 m²
+5 photos

ValuationOvervalued

Sold Prices£145K - £410K
Sold Prices/m²£1.7K/m² - £4.5K/m²

 

 

Square Metres

40.70 m²
Price/m²£5.2K/m²

Value Estimate

£145,592

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£52,500

Stamp Duty & Legal Fees

£7,500

Total Cash In

£60,000

 

 

Cash Out

 

Rent Range

£1,200 - £1,550

Rent Estimate

£1,200

Running Costs/mo

£916

Cashflow/mo

£284

Cashflow/yr

£3,405

ROI

6%

Gross Yield

7%

Local Sold Prices

30 sold prices from £145K to £410K, average is £221K. £1.7K/m² to £4.5K/m², average is £3.6K/m².

PriceDateDistanceAddressBeds 
£210K10/200.21 mi18b, South View Road, Benfleet, Essex SS7 5NA2
£235K11/220.26 mi36, Merrivale, Benfleet, Essex SS7 5HH2
£202K05/210.26 mi18, Merrivale, Benfleet, Essex SS7 5HH2
£235K03/210.34 miFlat 13, Richmond Court, Richmond Avenue, Benfleet, Essex SS7 5EY2
£410K06/210.49 mi174, Kimberley Road, Benfleet, Essex SS7 1DR2
£173K11/230.51 mi225a, High Road, Benfleet, Essex SS7 5HZ2
£238.5K08/210.57 mi5b, Clarence Road, Benfleet, Essex SS7 1DE2
£180K04/210.72 mi105a, High Road, Benfleet, Essex SS7 5LN2
£250K07/230.74 mi42a, London Road, Benfleet, Essex SS7 5TJ2
£230K02/210.74 mi42a, London Road, Benfleet, Essex SS7 5TJ2
£225K09/230.75 miFlat 15, Lyndbourne Court, London Road, Benfleet, Essex SS7 5UG2
£232K07/230.77 miFlat 8, Saxon Court, London Road, Benfleet, Essex SS7 4BY2
£145K08/230.77 miFlat 13, Saxon Court, London Road, Benfleet, Essex SS7 4BY2
£190K01/210.77 miFlat 18, Saxon Court, London Road, Benfleet, Essex SS7 4BY2
£207.5K12/230.77 miFlat 2, Saxon Court, London Road, Benfleet, Essex SS7 4BY2
£185K02/230.79 miFlat 41, Lyndbourne Court, London Road, Benfleet, Essex SS7 5UG2
£235K04/210.83 mi4d, Kennington Avenue, Benfleet, Essex SS7 4BS2
£226K03/241 mi107a, High Street, Benfleet, Essex SS7 1ND2
£232.5K01/241.11 mi143a, Chesterfield Avenue, Benfleet, Essex SS7 3HW2
£220K08/211.19 mi20, Muirway, Benfleet, Essex SS7 4LS2
£222K11/201.33 mi34, Kenneth Road, Benfleet, Essex SS7 3AT2
£170K02/241.52 miWillow Lodge, Flat 18, Hart Road, Thundersley, Benfleet, Essex SS7 3PQ2
£216.5K06/231.64 miFlat 1, Aston Place, Hart Road, Thundersley, Benfleet, Essex SS7 3PY2
£208K11/201.64 miFlat 8, Aston Place, Hart Road, Benfleet, Essex SS7 3PY2
£205K11/211.64 miFlat 14, Aston Place, Hart Road, Benfleet, Essex SS7 3PY2
£240K04/241.64 miAston Place, Flat 14, Hart Road, Thundersley, Benfleet, Essex SS7 3PY2
£245K08/231.82 mi29, Lenham Way, Pitsea, Basildon, Essex SS13 2NT2
£225K10/201.83 mi12, Robins Path, Benfleet, Essex SS7 1FG2
£210K11/221.85 mi32, Brackendale Court, Basildon, Essex SS13 3JR2
£212.5K04/211.91 mi28, Crown Avenue, Pitsea, Basildon, Essex SS13 2BE2

Local Rents

14 rents from £1.2K/mo to £1.6K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,20009/240.1 miJotmans Lane, Benfleet2
£1,20009/240.26 miMerrivale, Benfleet2
£1,20009/240.5 miHigh Road, Benfleet2
£1,50001/240.51 mi-2
£1,50002/240.51 mi-2
£1,55001/250.51 mi-2
£1,55003/250.51 mi-2
£1,45009/240.54 miThundersley Park Road, Benfleet, SS7 1ET2
£1,25009/240.56 miBrook Road,Benfleet,SS72
£1,40012/230.56 mi-2
£1,25009/240.57 miHall Farm Road, Benfleet, Essex, SS72
£1,40005/230.6 mi-2
£1,50012/240.6 mi-2
£1,50012/240.6 mi-2

Local Area Statistics

Population in SS7

49,121

Town centre distance

1.56 miles away

Nearest school

0.40 miles away

Nearest train station

0.99 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+6%

Sales demand

Balanced market

Capital growth (5yrs)

+16%

Property History

Listed for £210,000

April 16, 2024

Sold for £125,000

2009

Sold for £59,995

2000

Sold for £50,000

1998

Floor Plans

Description

  • Two bedroom first floor flat +
  • Lounge measuring 15' 7 +
  • Two good sized bedrooms +
  • Newly carpeted and painted throughout +
  • Communal gardens with allocated parking for two vehicles +
  • Within easy reach of High Road shops and amenities +
  • Share of Freehold. Lease length - 92 years. Charges - £40 pcm including Ground rent & maintenance +
  • GUIDE PRICE £210,000 - £220,000 +
  • NO ONWARD CHAIN +
  • EPC rating - C. Our ref: 14774 +

WILLIAMS and DONOVAN - within easy reach of High Road shops and amenities is this two bedroom purpose built first floor flat, which is offered for sale with NO ONWARD CHAIN.

This property has been newly carpeted and painted throughout and benefits from having a lounge measuring 15' 7"; two good sized bedrooms; communal gardens and allocated parking for two vehicles .

Accommodation comprises:

Entrance via communal security entrance door to COMMUNAL ENTRANCE HALL. Stairs to FIRST FLOOR. Personal entry door to: 

RECEPTION HALL Doors to: 

LOUNGE 15' 7" x 10' 1" (4.75m x 3.07m) Coved ceiling. UPVC double glazed window to front aspect. Dado rail. Radiator. 

KITCHEN 6' 10" x 6' 2" (2.08m x 1.88m) Coved and skimmed ceiling. Obscure uPVC double glazed window to side aspect. Range of base and eye level units. Roll edged working surfaces. Inset 4 ring electric hob with extractor fan above and electric oven under. Inset stainless steel sink. Integrated fridge and freezer. Space and plumbing for washing machine. Laminate wood effect flooring. 

SHOWER ROOM 7' 4" x 4' 7" (2.24m x 1.4m) Coved ceiling. Three piece white suite comprising close coupled dual flush w/c, pedestal mounted wash hand basin with chrome mixer tap and shower cubicle. Chrome heated ladder style towel rail. Tiled walls. Vinyl flooring. 

BEDROOM ONE 10' 5" x 8' (3.18m x 2.44m) Coved ceiling. Obscure uPVC double glazed window to rear aspect. Radiator. 

BEDROOM TWO 9' 9" x 7' (2.97m x 2.13m) Coved ceiling. UPVC double glazed window to rear aspect. Wardrobes to remain. Radiator. 

OUTSIDE OF PROPERTY: Communal gardens to rear of property which are mostly laid to lawn. Fencing to all boundaries. Large allocated parking area accessed from Wincoat Drive, with two allocated spaces.

Agent's Note:
This property has a one quarter share of the Freehold.
Lease length - 92 years
Service Charge - £40 pcm (includes Buildings Insurance and Maintenance)

Agent Details

Williams and Donovan, Benfleet

01268 755252

Next Steps?

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