2 Bed Flat, Single Let, Benfleet, SS7 4FB, £270,000

Lambeth Road, Benfleet, SS7 4FB - 8 months ago

Leasehold
BTL
~68 m²
+13 photos

ValuationOvervalued

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

 

 

Square Metres

~67.50 m²
Price/m²£4K/m²

Value Estimate

£238,355

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£67,500

Stamp Duty & Legal Fees

£15,700

Total Cash In

£83,200

 

 

Cash Out

 

Rent Range

£850 - £1,550

Rent Estimate

£1,100

Running Costs/mo

£1,084

Cashflow/mo

£16

Cashflow/yr

£195

ROI

0%

Gross Yield

5%

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 
£225K09/230.04 miFlat 15, Lyndbourne Court, London Road, Benfleet, Essex SS7 5UG2
£235K04/210.11 mi4d, Kennington Avenue, Benfleet, Essex SS7 4BS2
£190K01/210.12 miFlat 18, Saxon Court, London Road, Benfleet, Essex SS7 4BY2
£232K07/230.12 miFlat 8, Saxon Court, London Road, Benfleet, Essex SS7 4BY2
£145K08/230.12 miFlat 13, Saxon Court, London Road, Benfleet, Essex SS7 4BY2
£207.5K12/230.12 miFlat 2, Saxon Court, London Road, Benfleet, Essex SS7 4BY2
£230K02/210.17 mi42a, London Road, Benfleet, Essex SS7 5TJ2
£250K07/230.17 mi42a, London Road, Benfleet, Essex SS7 5TJ2
£185K02/230.26 miFlat 41, Lyndbourne Court, London Road, Benfleet, Essex SS7 5UG2
£220K08/210.45 mi20, Muirway, Benfleet, Essex SS7 4LS2
£232.5K01/240.68 mi143a, Chesterfield Avenue, Benfleet, Essex SS7 3HW2
£410K06/210.79 mi174, Kimberley Road, Benfleet, Essex SS7 1DR2
£210K10/200.81 mi18b, South View Road, Benfleet, Essex SS7 5NA2
£238.5K08/210.94 mi5b, Clarence Road, Benfleet, Essex SS7 1DE2
£202K05/211 mi18, Merrivale, Benfleet, Essex SS7 5HH2
£235K11/221 mi36, Merrivale, Benfleet, Essex SS7 5HH2
£235K03/211.02 miFlat 13, Richmond Court, Richmond Avenue, Benfleet, Essex SS7 5EY2
£222K11/201.04 mi34, Kenneth Road, Benfleet, Essex SS7 3AT2
£173K11/231.11 mi225a, High Road, Benfleet, Essex SS7 5HZ2
£170K02/241.23 miWillow Lodge, Flat 18, Hart Road, Thundersley, Benfleet, Essex SS7 3PQ2
£208K11/201.33 miFlat 8, Aston Place, Hart Road, Benfleet, Essex SS7 3PY2
£205K11/211.33 miFlat 14, Aston Place, Hart Road, Benfleet, Essex SS7 3PY2
£216.5K06/231.33 miFlat 1, Aston Place, Hart Road, Thundersley, Benfleet, Essex SS7 3PY2
£240K04/241.33 miAston Place, Flat 14, Hart Road, Thundersley, Benfleet, Essex SS7 3PY2
£180K04/211.35 mi105a, High Road, Benfleet, Essex SS7 5LN2
£212.5K04/211.6 mi28, Crown Avenue, Pitsea, Basildon, Essex SS13 2BE2
£245K08/231.63 mi29, Lenham Way, Pitsea, Basildon, Essex SS13 2NT2
£226K03/241.69 mi107a, High Street, Benfleet, Essex SS7 1ND2
£225K10/201.77 mi12, Robins Path, Benfleet, Essex SS7 1FG2
£110K02/211.79 mi6, Vermont Close, Basildon, Essex SS13 1BH2
£150K06/211.79 mi8, Vermont Close, Basildon, Essex SS13 1BH2
£210K11/231.79 mi32, Vermont Close, Basildon, Essex SS13 1BH2
£110K04/211.82 mi2, Riffams Drive, Basildon, Essex SS13 1BG2
£176.3K01/231.82 mi5, Riffams Drive, Basildon, Essex SS13 1BG2
£250K09/221.83 mi4, Riffams Drive, Basildon, Essex SS13 1BG2
£192.5K11/201.83 mi4, Riffams Drive, Basildon, Essex SS13 1BG2
£210K11/221.84 mi32, Brackendale Court, Basildon, Essex SS13 3JR2
£99K06/211.88 mi60, Fairfax Avenue, Basildon, Essex SS13 1AZ2
£162.5K07/231.88 mi22, Fairfax Avenue, Basildon, Essex SS13 1AZ2
£162.5K07/231.88 mi22, Fairfax Avenue, Basildon, Essex SS13 1AZ2
£118K12/221.9 mi87, Fairfax Avenue, Basildon, Essex SS13 1AY2
£250K09/231.9 mi25, Fairfax Avenue, Basildon, Essex SS13 1AY2
£228K05/211.91 mi7, Charleston Avenue, Basildon, Essex SS13 1TD2
£247.8K09/231.91 mi7, Charleston Avenue, Basildon, Essex SS13 1TD2
£210K11/201.91 mi35, Shirley Gardens, Basildon, Essex SS13 1BA2
£105K03/211.91 mi37, Shirley Gardens, Basildon, Essex SS13 1BA2
£226.5K06/231.91 mi38, Shirley Gardens, Basildon, Essex SS13 1BA2
£310K03/231.93 mi20, Charleston Avenue, Basildon, Essex SS13 1JH2
£186K10/201.95 mi6, Charleston Avenue, Basildon, Essex SS13 1JH2
£190K02/211.95 mi7, Calvert Drive, Basildon, Essex SS13 1TB2
£195K06/231.95 mi27, Calvert Drive, Basildon, Essex SS13 1TB2

Local Rents

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

RentDateDistanceAddressBeds 
£1,25012/240.01 mi-2
£1,25012/240.01 mi-2
£1,25009/240.06 mi-2
£1,25006/240.06 mi-2
£87505/240.12 mi-2
£1,40005/230.16 mi-2
£1,50012/240.16 mi-2
£1,50012/240.16 mi-2
£1,30009/240.16 mi-2
£1,35009/240.16 mi-2
£1,20004/240.16 mi-2
£1,10007/230.16 mi-2
£1,10006/230.16 mi-2
£1,10009/240.17 miLondon Road, Benfleet, SS72
£1,50001/240.25 mi-2
£1,50002/240.25 mi-2
£1,55001/250.25 mi-2
£1,55003/250.25 mi-2
£1,40012/230.31 mi-2
£85009/240.46 miManor Court, Benfleet2

Local Area Statistics

Population in SS7

49,121

Town centre distance

1.42 miles away

Nearest school

0.30 miles away

Nearest train station

1.68 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+6%

Sales demand

Balanced market

Capital growth (5yrs)

+16%

Property History

Listed for £270,000

August 1, 2024

Floor Plans

Description

  • Luxury two bedroom apartment +
  • Modern block +
  • Open plan living accommodation +
  • Balcony +
  • Ensuite to bedroom one +
  • Allocated parking +
  • Conveniently located for amenities and major routes via Tarpots +
  • Lease length 110 years +
  • GUIDE PRICE £270,000 - £280,000 +
  • EPC rating - D. Our ref: 15905 +

We are delighted to offer for sale this luxury two bedroom apartment, situated in a sought after modern block of apartments conveniently located for all the many amenities on offer at Tarpots. Benefitting from having open plan living accommodation with a balcony; ensuite to the main bedroom and allocated parking, this property must be viewed to appreciate the accommodation on offer.

Accommodation comprises:

Entrance via security entry phone providing access to COMMUNAL ENTRANCE HALL. Spotlight insets. Stairs to all floors, leading to personal entrance door to:
 

SPACIOUS ENTRANCE HALL Skimmed ceiling. Spotlight insets. Storage cupboard. Wall mounted electric heater. Doors to:  

OPEN PLAN KITCHEN/LOUNGE 20' 6" + storage x 14' 9" (6.25m x 4.5m) Skimmed and sloped ceiling. Spotlight insets. Full height double glazed windows to rear and double glazed door to BALCONY . Wall mounted heater. Grey wood laminate flooring throughout.
KITCHEN AREA: Range of modern high gloss base and eye level units. Roll edged working surfaces. Inset sink drainer with chrome mixer tap. Inset electric hob with extractor hood over. Built in electric oven. Integrated dishwasher. Integrated fridge. Integrated freezer. Island unit with matching units and working surfaces.
LOUNGE AREA: Built in storage cupboards housing media unit. Built in television console. 

BEDROOM ONE 18' 1" max x 15' 4" (5.51m x 4.67m) Skimmed ceiling. Double glazed window to rear aspect. Wall mounted electric heater. Door to: 

ENSUITE 8' 7" x 3' 8" (2.62m x 1.12m) Skimmed ceiling. Spotlight insets. Three piece suite comprising low level w/c, pedestal mounted wash hand basin and shower cubicle with power shower. Chrome heated towel rail. Tiled splash backs. Tiled floor.  

BEDROOM TWO 10' 4" x 9' 3" (3.15m x 2.82m) Skimmed ceiling. Double glazed window to rear aspect. Wall mounted electric heater.  

BATHROOM 7' 2" x 5' 4" (2.18m x 1.63m) Skimmed ceiling. Spotlight insets. Three piece suite comprising close coupled w/c, pedestal mounted wash hand basin and panelled bath. Chrome heated towel rail. Tiled walls. Tiled floor.  

OUTSIDE OF PROPERTY: Allocated parking.

Agent's Note:
This property is Leasehold, with approx. 110 years remaining on the lease.
Ground rent: £200.
Service Charges: £1500 per annum including buildings insurance.

Agent Details

Williams and Donovan, Benfleet

01268 755252

Next Steps?

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