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2 Bed Flat, Single Let, Benfleet, SS7 5UG, £175,000

London Road, Benfleet, SS7 5UG - a year ago

Leasehold
BTL
ROI: 7%
~68 m²
+2 photos

ValuationUndervalued

Sold Prices£99K - £410K
Sold Prices/m²£1.6K/m² - £5.6K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.6K/m²

Value Estimate

£217,000
BMV24%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£43,750

Stamp Duty & Legal Fees

£10,950

Total Cash In

£54,700

 

 

Cash Out

 

Rent Range

£850 - £1,550

Rent Estimate

£1,100

Running Costs/mo

£787

Cashflow/mo

£313

Cashflow/yr

£3,758

ROI

7%

Gross Yield

8%

Local Sold Prices

51 sold prices from £99K to £410K, average is £210K. £1.6K/m² to £5.6K/m², average is £3.5K/m².

PriceDateDistanceAddressBeds 
£225K09/230 miFlat 15, Lyndbourne Court, London Road, Benfleet, Essex SS7 5UG2
£190K01/210.07 miFlat 18, Saxon Court, London Road, Benfleet, Essex SS7 4BY2
£232K07/230.07 miFlat 8, Saxon Court, London Road, Benfleet, Essex SS7 4BY2
£145K08/230.07 miFlat 13, Saxon Court, London Road, Benfleet, Essex SS7 4BY2
£207.5K12/230.07 miFlat 2, Saxon Court, London Road, Benfleet, Essex SS7 4BY2
£235K04/210.08 mi4d, Kennington Avenue, Benfleet, Essex SS7 4BS2
£230K02/210.21 mi42a, London Road, Benfleet, Essex SS7 5TJ2
£250K07/230.21 mi42a, London Road, Benfleet, Essex SS7 5TJ2
£185K02/230.31 miFlat 41, Lyndbourne Court, London Road, Benfleet, Essex SS7 5UG2
£220K08/210.46 mi20, Muirway, Benfleet, Essex SS7 4LS2
£232.5K01/240.63 mi143a, Chesterfield Avenue, Benfleet, Essex SS7 3HW2
£410K06/210.76 mi174, Kimberley Road, Benfleet, Essex SS7 1DR2
£210K10/200.8 mi18b, South View Road, Benfleet, Essex SS7 5NA2
£238.5K08/210.92 mi5b, Clarence Road, Benfleet, Essex SS7 1DE2
£202K05/210.99 mi18, Merrivale, Benfleet, Essex SS7 5HH2
£235K11/220.99 mi36, Merrivale, Benfleet, Essex SS7 5HH2
£222K11/201 mi34, Kenneth Road, Benfleet, Essex SS7 3AT2
£235K03/211.01 miFlat 13, Richmond Court, Richmond Avenue, Benfleet, Essex SS7 5EY2
£173K11/231.09 mi225a, High Road, Benfleet, Essex SS7 5HZ2
£170K02/241.19 miWillow Lodge, Flat 18, Hart Road, Thundersley, Benfleet, Essex SS7 3PQ2
£208K11/201.28 miFlat 8, Aston Place, Hart Road, Benfleet, Essex SS7 3PY2
£205K11/211.28 miFlat 14, Aston Place, Hart Road, Benfleet, Essex SS7 3PY2
£216.5K06/231.28 miFlat 1, Aston Place, Hart Road, Thundersley, Benfleet, Essex SS7 3PY2
£240K04/241.28 miAston Place, Flat 14, Hart Road, Thundersley, Benfleet, Essex SS7 3PY2
£180K04/211.33 mi105a, High Road, Benfleet, Essex SS7 5LN2
£212.5K04/211.64 mi28, Crown Avenue, Pitsea, Basildon, Essex SS13 2BE2
£226K03/241.67 mi107a, High Street, Benfleet, Essex SS7 1ND2
£245K08/231.67 mi29, Lenham Way, Pitsea, Basildon, Essex SS13 2NT2
£225K10/201.72 mi12, Robins Path, Benfleet, Essex SS7 1FG2
£110K02/211.83 mi6, Vermont Close, Basildon, Essex SS13 1BH2
£150K06/211.83 mi8, Vermont Close, Basildon, Essex SS13 1BH2
£210K11/231.83 mi32, Vermont Close, Basildon, Essex SS13 1BH2
£110K04/211.86 mi2, Riffams Drive, Basildon, Essex SS13 1BG2
£176.3K01/231.86 mi5, Riffams Drive, Basildon, Essex SS13 1BG2
£250K09/221.88 mi4, Riffams Drive, Basildon, Essex SS13 1BG2
£192.5K11/201.88 mi4, Riffams Drive, Basildon, Essex SS13 1BG2
£210K11/221.88 mi32, Brackendale Court, Basildon, Essex SS13 3JR2
£99K06/211.92 mi60, Fairfax Avenue, Basildon, Essex SS13 1AZ2
£162.5K07/231.92 mi22, Fairfax Avenue, Basildon, Essex SS13 1AZ2
£162.5K07/231.92 mi22, Fairfax Avenue, Basildon, Essex SS13 1AZ2
£118K12/221.94 mi87, Fairfax Avenue, Basildon, Essex SS13 1AY2
£250K09/231.94 mi25, Fairfax Avenue, Basildon, Essex SS13 1AY2
£228K05/211.95 mi7, Charleston Avenue, Basildon, Essex SS13 1TD2
£247.8K09/231.95 mi7, Charleston Avenue, Basildon, Essex SS13 1TD2
£210K11/201.96 mi35, Shirley Gardens, Basildon, Essex SS13 1BA2
£105K03/211.96 mi37, Shirley Gardens, Basildon, Essex SS13 1BA2
£226.5K06/231.96 mi38, Shirley Gardens, Basildon, Essex SS13 1BA2
£310K03/231.98 mi20, Charleston Avenue, Basildon, Essex SS13 1JH2
£186K10/201.99 mi6, Charleston Avenue, Basildon, Essex SS13 1JH2
£190K02/211.99 mi7, Calvert Drive, Basildon, Essex SS13 1TB2
£195K06/231.99 mi27, Calvert Drive, Basildon, Essex SS13 1TB2

Local Rents

20 rents from £850/mo to £1.6K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,25012/240.04 mi-2
£1,25012/240.04 mi-2
£1,25009/240.07 mi-2
£1,25006/240.07 mi-2
£87505/240.07 mi-2
£1,30009/240.11 mi-2
£1,35009/240.11 mi-2
£1,20004/240.11 mi-2
£1,10007/230.11 mi-2
£1,10006/230.11 mi-2
£1,40005/230.16 mi-2
£1,50012/240.16 mi-2
£1,50012/240.16 mi-2
£1,10009/240.22 miLondon Road, Benfleet, SS72
£1,50001/240.26 mi-2
£1,50002/240.26 mi-2
£1,55001/250.26 mi-2
£1,55003/250.26 mi-2
£1,40012/230.28 mi-2
£85009/240.43 miManor Court, Benfleet2

Links

Local Area Statistics

Population in SS7

49,121

Town centre distance

1.37 miles away

Nearest school

0.30 miles away

Nearest train station

1.66 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+6%

Sales demand

Balanced market

Capital growth (5yrs)

+16%

Property History

Price changed to £175,000

April 1, 2025

Price changed to £190,000

January 31, 2025

Listed for £200,000

April 17, 2024

Floor Plans

Description

  • No Onward Chain +
  • An Ideal First Time Buyer/Buy To Let Investment. +
  • Modern Ground Floor Apartment. +
  • Two Generous-Sized Bedrooms. +
  • Spacious Living Room & Modern Kitchen. +
  • Allocated & Visitor Parking Available. +
  • Popular Benfleet Location. +
  • Easy Access To Local Shops, Amenities & Transport Links. +
  • Call Morgan Brookes Today. +

Morgan Brookes believe - This contemporary ground floor apartment is an outstanding opportunity to both first time buyers and buy to let investors or downsizers. Offering a range of comfort and potential, this property comprises of a spacious living room, kitchen, two bedrooms and a three-piece bathroom suite, whilst benefiting from being fully refurbished, ready to enjoy!

Our Sellers love - Enjoying the easy access to local shops, amenities and transport links, with convenient parking options for both residents and guests.

Agent Details

Morgan Brookes, Benfleet

01268 203704

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

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