2 Bed Flat, Single Let, Benfleet, SS7 2PB, £245,000

High Street Hadleigh, Benfleet, SS7 2PB - a year ago

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Leasehold

BTL

ROI: 1%

~68 m²

+12 photos

ValuationOvervalued

Sold Prices	£120K - £450K
Sold Prices/m²	£1.6K/m² - £4.8K/m²

Square Metres	~68.11 m²
Price/m²	£3.6K/m²
Value Estimate	£216,432£216,432

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£61,250£61,250
Stamp Duty & Legal Fees	£8,550£8,550
Total Cash In	£69,800£69,800

Cash Out
Rent Range	£950 - £1,700£950 - £1,700
Rent Estimate	£1,038
Running Costs/mo	£993£993
Cashflow/mo	£45£45
Cashflow/yr	£537£537
ROI	1%1%
Gross Yield	5%5%

Local Sold Prices

30 sold prices from £120K to £450K, average is £221K. £1.6K/m² to £4.8K/m², average is £3.2K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£220K	09/23	0.12 mi	59, Templewood Court, Benfleet, Essex SS7 2RH	£3,107	71	2	Flat
£185K	06/21	0.12 mi	45, Templewood Court, Benfleet, Essex SS7 2RH	-	-	2	Flat
£190K	04/21	0.12 mi	60, Templewood Court, Benfleet, Essex SS7 2RH	-	-	2	Flat
£185K	06/21	0.12 mi	45, Templewood Court, Benfleet, Essex SS7 2RH	-	-	2	Flat
£120K	03/24	0.12 mi	54, Templewood Court, Benfleet, Essex SS7 2RH	£1,593	75	2	Flat
£258.5K	10/23	0.17 mi	Flat B, The Laurels, Templewood Court, Benfleet, Essex SS7 2RQ	-	-	2	Flat
£205K	04/21	0.19 mi	1, Templewood Court, Benfleet, Essex SS7 2RQ	£2,770	74	2	Flat
£237.5K	10/23	0.23 mi	Flat 4, Steeple Gate, Castle Lane, Benfleet, Essex SS7 2AF	-	-	2	Flat
£238.5K	05/21	0.23 mi	Flat 3, Steeple Gate, Castle Lane, Benfleet, Essex SS7 2AF	-	-	2	Flat
£190K	03/21	0.25 mi	Flat 3, Castle Court, Castle Lane, Benfleet, Essex SS7 2AE	-	-	2	Flat
£222K	10/23	0.27 mi	Flat 48, Wilkinson Drop, Oak Road South, Benfleet, Essex SS7 2BG	£3,828	58	2	Flat
£230K	07/23	0.27 mi	Flat 43, Wilkinson Drop, Oak Road South, Benfleet, Essex SS7 2BG	-	-	2	Flat
£205K	04/21	0.27 mi	Flat 53, Wilkinson Drop, Oak Road South, Benfleet, Essex SS7 2BG	-	-	2	Flat
£238K	10/23	0.27 mi	Wilkinson Drop, Flat 27, Oak Road South, Benfleet, Essex SS7 2BG	£3,132	76	2	Flat
£240K	11/22	0.27 mi	Flat 55, Wilkinson Drop, Oak Road South, Benfleet, Essex SS7 2BG	-	-	2	Flat
£220K	03/23	0.28 mi	Flat 41, Queens Lodge, Benfleet Road, Benfleet, Essex SS7 1NY	-	-	2	Flat
£220K	08/21	0.28 mi	Flat 38, Queens Lodge, Benfleet Road, Benfleet, Essex SS7 1NY	-	-	2	Flat
£192.5K	01/21	0.28 mi	Flat 39, Queens Lodge, Benfleet Road, Benfleet, Essex SS7 1NY	-	-	2	Flat
£225K	01/21	0.31 mi	53, Castle Lane, Benfleet, Essex SS7 2AL	£4,787	47	2	Flat
£237.5K	01/23	0.33 mi	Flat 69, Wilkinson Drop, Oak Road South, Benfleet, Essex SS7 2BG	-	-	2	Flat
£185K	01/21	0.34 mi	Flat 1, Everglades, London Road, Hadleigh, Benfleet, Essex SS7 2ED	-	-	2	Flat
£250K	08/21	0.36 mi	16a, The Avenue, Benfleet, Essex SS7 2DL	£4,167	60	2	Flat
£240K	06/21	0.57 mi	Flat 4, Everglades, London Road, Hadleigh, Benfleet, Essex SS7 2ED	-	-	2	Flat
£245K	01/21	0.58 mi	106a, Rayleigh Road, Thundersley, Benfleet, Essex SS7 3YS	£3,224	76	2	Flat
£199.9K	06/21	0.68 mi	Apartment 20, Aragon Court, Church Road, Hadleigh, Benfleet, Essex SS7 2GB	-	-	2	Flat
£257.5K	08/23	0.71 mi	623, London Road, Hadleigh, Benfleet, Essex SS7 2EB	£4,364	59	2	Flat
£186.5K	01/21	0.71 mi	623a, London Road, Hadleigh, Benfleet, Essex SS7 2EB	£3,008	62	2	Flat
£170K	01/23	0.71 mi	585, London Road, Hadleigh, Benfleet, Essex SS7 2EB	£2,698	63	2	Flat
£450K	04/21	0.79 mi	200, Scrub Lane, Benfleet, Essex SS7 2JW	-	-	2	Flat
£225K	10/20	0.8 mi	12, Robins Path, Benfleet, Essex SS7 1FG	£3,750	60	2	Flat

Local Rents

12 rents from £950/mo to £1.7K/mo, average is £1.3K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,350	04/24	0.11 mi	-	2	Flat
£1,350	09/24	0.11 mi	High Street, Hadleigh, Benfleet, SS7	2	Flat
£1,500	12/24	0.12 mi	-	2	Flat
£1,100	09/24	0.15 mi	London Road, Hadleigh, Benfleet, Essex, SS7	2	Flat
£1,700	09/24	0.27 mi	Beech Road, Hadleigh	2	Flat
£950	09/24	0.27 mi	Wilkinson Drop Oak Road South, Hadleigh	2	Flat
£1,000	09/24	0.35 mi	London Road, Hadleigh	2	Flat
£1,300	09/24	0.38 mi	London Road, Hadleigh, Benfleet, Essex, SS7	2	Flat
£1,100	09/24	0.38 mi	Castle Gate, London Road, Hadleigh	2	Flat
£1,400	09/24	0.39 mi	Flat 3, 335 London Road	2	Flat
£1,450	09/24	0.45 mi	Springfield Hadleigh	2	Flat
£1,150	09/24	0.58 mi	Everglades, London Road, Hadleigh	2	Flat

Local Area Statistics

Population in SS7	49,12149,121
Town centre distance	1.15 miles away1.15 miles away
Nearest school	0.40 miles away0.40 miles away
Nearest train station	1.75 miles away1.75 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+6%+6%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+16%+16%

Property History

Listed for £245,000

May 14, 2024

Floor Plans

Description

Duplex Two Bedroom Apartment +
Two Double Bedroom On First Floor +
Family Room On Second Floor +
Juliet Balcony With Roof Top Views +
Allocated Parking +
Walk To Local Amenities +
Convenient Cloakroom +

Upon entering through the front door, you are greeted by a hallway leading to the staircase and the two well-proportioned bedrooms. The family bathroom features a large panelled bath with a shower attachment, a wash hand basin, and a low-level w/c. Ascending to the second floor, you'll discover a bright and spacious open plan lounge/diner, perfect for entertaining guests. The lounge area seamlessly connects to a modern fitted kitchen equipped with a range of integrated appliances, making cooking and hosting effortless. This floor is completed by a convenient cloakroom. Externally, the property benefits from block paved communal parking with an allocated space for one car, ensuring hassle-free parking arrangements.

Location being central to both Benfleet and Leigh-on-Sea you are spoilt for choice with the local restaurants and coffee shops. Call now to book your internal viewing.

Council Tax Band: B
Tenure: Leasehold

Agent Details

Gilbert & Rose, Leigh-on-sea

01702 967150

Next Steps?

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

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