2 Bed Flat, Single Let, Benfleet, SS7 5LH, £200,000

High Road, South Benfleet, SS7 5LH - 3 views - 8 months ago

Sold STC
Leasehold
BTL
ROI: 7%
~68 m²
+10 photos

ValuationUndervalued

Sold Prices£120K - £410K
Sold Prices/m²£1.6K/m² - £5K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.9K/m²

Value Estimate

£233,750
BMV17%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£50,000

Stamp Duty & Legal Fees

£7,200

Total Cash In

£57,200

 

 

Cash Out

 

Rent Range

£1,200 - £1,450

Rent Estimate

£1,200

Running Costs/mo

£885

Cashflow/mo

£315

Cashflow/yr

£3,780

ROI

7%

Gross Yield

7%

Local Sold Prices

45 sold prices from £120K to £410K, average is £213K. £1.6K/m² to £5K/m², average is £3.4K/m².

PriceDateDistanceAddressBeds 
£180K04/210.13 mi105a, High Road, Benfleet, Essex SS7 5LN2
£226K03/240.23 mi107a, High Street, Benfleet, Essex SS7 1ND2
£173K11/230.37 mi225a, High Road, Benfleet, Essex SS7 5HZ2
£235K03/210.49 miFlat 13, Richmond Court, Richmond Avenue, Benfleet, Essex SS7 5EY2
£235K11/220.58 mi36, Merrivale, Benfleet, Essex SS7 5HH2
£202K05/210.58 mi18, Merrivale, Benfleet, Essex SS7 5HH2
£238.5K08/210.61 mi5b, Clarence Road, Benfleet, Essex SS7 1DE2
£210K10/200.68 mi18b, South View Road, Benfleet, Essex SS7 5NA2
£410K06/210.74 mi174, Kimberley Road, Benfleet, Essex SS7 1DR2
£195K05/241.28 mi9, Ashworths, Canvey Island, Essex SS8 9RR2
£213K07/231.33 miFlat 8, Badgers Rise, Sanders Road, Canvey Island, Essex SS8 9UN2
£192K05/221.41 mi7, Church Parade, Canvey Island, Essex SS8 9RQ2
£170K04/231.41 mi31, Church Parade, Canvey Island, Essex SS8 9RQ2
£232K07/231.43 miFlat 8, Saxon Court, London Road, Benfleet, Essex SS7 4BY2
£145K08/231.43 miFlat 13, Saxon Court, London Road, Benfleet, Essex SS7 4BY2
£190K01/211.43 miFlat 18, Saxon Court, London Road, Benfleet, Essex SS7 4BY2
£207.5K12/231.43 miFlat 2, Saxon Court, London Road, Benfleet, Essex SS7 4BY2
£180K09/211.44 mi33, Church Parade, Canvey Island, Essex SS8 9RQ2
£225K09/231.45 miFlat 15, Lyndbourne Court, London Road, Benfleet, Essex SS7 5UG2
£232.5K01/241.5 mi143a, Chesterfield Avenue, Benfleet, Essex SS7 3HW2
£258K03/211.5 mi39, Limburg Road, Canvey Island, Essex SS8 0QH2
£235K04/211.5 mi4d, Kennington Avenue, Benfleet, Essex SS7 4BS2
£250K07/231.51 mi42a, London Road, Benfleet, Essex SS7 5TJ2
£230K02/211.51 mi42a, London Road, Benfleet, Essex SS7 5TJ2
£222K11/201.51 mi34, Kenneth Road, Benfleet, Essex SS7 3AT2
£162K02/211.56 mi106a, Hilton Road, Canvey Island, Essex SS8 9XG2
£185K02/231.58 miFlat 41, Lyndbourne Court, London Road, Benfleet, Essex SS7 5UG2
£225K10/201.65 mi12, Robins Path, Benfleet, Essex SS7 1FG2
£170K02/241.65 miWillow Lodge, Flat 18, Hart Road, Thundersley, Benfleet, Essex SS7 3PQ2
£220K03/231.68 miFlat 41, Queens Lodge, Benfleet Road, Benfleet, Essex SS7 1NY2
£220K08/211.68 miFlat 38, Queens Lodge, Benfleet Road, Benfleet, Essex SS7 1NY2
£192.5K01/211.68 miFlat 39, Queens Lodge, Benfleet Road, Benfleet, Essex SS7 1NY2
£216.5K06/231.76 miFlat 1, Aston Place, Hart Road, Thundersley, Benfleet, Essex SS7 3PY2
£208K11/201.76 miFlat 8, Aston Place, Hart Road, Benfleet, Essex SS7 3PY2
£205K11/211.76 miFlat 14, Aston Place, Hart Road, Benfleet, Essex SS7 3PY2
£240K04/241.76 miAston Place, Flat 14, Hart Road, Thundersley, Benfleet, Essex SS7 3PY2
£245K01/211.88 mi106a, Rayleigh Road, Thundersley, Benfleet, Essex SS7 3YS2
£220K08/211.92 mi20, Muirway, Benfleet, Essex SS7 4LS2
£265K08/211.93 mi16, Tudor Road, Canvey Island, Essex SS8 0ND2
£155K09/231.93 mi399a, Long Road, Canvey Island, Essex SS8 0JH2
£220K09/231.98 mi59, Templewood Court, Benfleet, Essex SS7 2RH2
£185K06/211.98 mi45, Templewood Court, Benfleet, Essex SS7 2RH2
£190K04/211.98 mi60, Templewood Court, Benfleet, Essex SS7 2RH2
£185K06/211.98 mi45, Templewood Court, Benfleet, Essex SS7 2RH2
£120K03/241.98 mi54, Templewood Court, Benfleet, Essex SS7 2RH2

Local Rents

10 rents from £1.2K/mo to £1.4K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,30009/240.05 miHigh Road, Benfleet2
£1,25004/240.13 mi-2
£1,40009/240.13 miThe Close Attwell Mews, Benfleet2
£1,20009/240.17 miSchool Lane,Benfleet,SS72
£1,35011/230.22 mi-2
£1,25009/240.26 miHall Farm Road, Benfleet, Essex, SS72
£1,25009/240.28 miBrook Road,Benfleet,SS72
£1,20009/240.4 miHigh Road, Benfleet2
£1,45009/240.49 miThundersley Park Road, Benfleet, SS7 1ET2
£1,20009/240.58 miMerrivale, Benfleet2

Local Area Statistics

Population in SS7

49,121

Town centre distance

1.52 miles away

Nearest school

0.40 miles away

Nearest train station

0.23 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+6%

Sales demand

Balanced market

Capital growth (5yrs)

+16%

Property History

Listed for £200,000

July 18, 2024

Floor Plans

Description

  • Two bedroom ground floor flat +
  • Lounge measuring 18' 7 +
  • Garage providing parking +
  • Offered for sale with NO ONWARD CHAIN +
  • Less than a third of a mile walk to Benfleet station +
  • Within easy reach of High Road shops and facilities +
  • Ideal FIRST TIME BUY or BUY TO LET investment +
  • Lease length approx. 144 years +
  • EPC rating - TBC. Our ref: 13164 +

WILLIAMS and DONOVAN are delighted to offer for sale this two bedroom ground floor flat, situated within close proximity of Benfleet station and Conservation area, and easy reach of High Road shops and facilities.

The property benefits from having a garage and being offered for sale with NO ONWARD CHAIN, and would make an ideal FIRST TIME BUY or BUY TO LET investment.

Accommodation comprises:

Entrance via communal hallway. Personal door to: 

ENTRANCE HALL Coved and skimmed ceiling. Two built in storage cupboards. Radiator. Laminate wood effect flooring. Doors to: 

LOUNGE/DINER 18' 7" x 11' (5.66m x 3.35m) Double glazed windows to front and side aspects. Skimmed ceiling. Radiator. Laminate flooring. 

KITCHEN 11' 2" reducing to 8' 5" x 7' (3.4m > 2.57m x 2.13m) Double glazed window to front aspect. Skimmed ceiling. Range of base and eye level units with roll top working surfaces and tiled splashbacks. Inset one and a half sink bowl drainer with chrome mixer tap. Inset 4 ring gas hob with extractor over and electric oven under. Space and plumbing for washing machine and tumble dryer. Space for under counter fridge/freezer. Wall mounted combi boiler.  

BEDROOM ONE 11' 1" x 10' 0" (3.38m x 3.05m) Double glazed window to front aspect. Skimmed ceiling. Radiator. Laminate wood effect flooring. 

BEDROOM TWO 10' reducing to 7' 0" x 8' (3.05m > 2.13m x 2.44m) Double glazed window to rear aspect. Skimmed ceiling. Radiator. Laminate wood effect flooring.  

BATHROOM 7' 3" x 5' 8" (2.21m x 1.73m) Obscure double glazed window to rear aspect. Skimmed ceiling. Three piece suite comprising low level w/c, pedestal mounted wash basin with chrome mixer tap and P-shaped panelled bath with shower over. Radiator. Part tiled walls.  

OUTSIDE OF PROPERTY: Communal grounds. Garage in block with roller door providing parking. Visitor spaces.

Agent's Note:
Lease length approx. 144 years (199 years from 25/12/99)
Ground rent - £26.16 per annum
Service Charge - £1,046.68 per annum
Insurance - £605.04 per annum

Agent Details

Williams and Donovan, Benfleet

01268 755252

Next Steps?

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