2 Bed Flat, Planning Permission, Benfleet, SS7 2DD, £190,000

Castle Gate, London Road, Hadleigh, Essex, SS7 2DD - 3 views - 8 months ago

Sold STC
Leasehold
Planning
ROI: 5%
~68 m²
+5 photos

ValuationUndervalued

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

 

 

Square Metres

~68.11 m²
Price/m²£2.8K/m²

Value Estimate

£213,295
BMV12%

Investment Opportunity

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£47,500

Stamp Duty & Legal Fees

£6,900

Total Cash In

£54,400

 

 

Cash Out

 

Rent Range

£950 - £1,700

Rent Estimate

£1,075

Running Costs/mo

£829

Cashflow/mo

£246

Cashflow/yr

£2,955

ROI

5%

Gross Yield

7%

Local Sold Prices

33 sold prices from £120K to £450K, average is £220K. £1.6K/m² to £4.8K/m², average is £3.1K/m².

PriceDateDistanceAddressBeds 
£185K01/210.05 miFlat 1, Everglades, London Road, Hadleigh, Benfleet, Essex SS7 2ED2
£237.5K01/230.06 miFlat 69, Wilkinson Drop, Oak Road South, Benfleet, Essex SS7 2BG2
£240K11/220.11 miFlat 55, Wilkinson Drop, Oak Road South, Benfleet, Essex SS7 2BG2
£222K10/230.11 miFlat 48, Wilkinson Drop, Oak Road South, Benfleet, Essex SS7 2BG2
£230K07/230.11 miFlat 43, Wilkinson Drop, Oak Road South, Benfleet, Essex SS7 2BG2
£205K04/210.11 miFlat 53, Wilkinson Drop, Oak Road South, Benfleet, Essex SS7 2BG2
£238K10/230.11 miWilkinson Drop, Flat 27, Oak Road South, Benfleet, Essex SS7 2BG2
£250K08/210.14 mi16a, The Avenue, Benfleet, Essex SS7 2DL2
£190K03/210.14 miFlat 3, Castle Court, Castle Lane, Benfleet, Essex SS7 2AE2
£237.5K10/230.16 miFlat 4, Steeple Gate, Castle Lane, Benfleet, Essex SS7 2AF2
£238.5K05/210.16 miFlat 3, Steeple Gate, Castle Lane, Benfleet, Essex SS7 2AF2
£225K01/210.18 mi53, Castle Lane, Benfleet, Essex SS7 2AL2
£240K06/210.19 miFlat 4, Everglades, London Road, Hadleigh, Benfleet, Essex SS7 2ED2
£199.9K06/210.32 miApartment 20, Aragon Court, Church Road, Hadleigh, Benfleet, Essex SS7 2GB2
£205K04/210.32 mi1, Templewood Court, Benfleet, Essex SS7 2RQ2
£258.5K10/230.33 miFlat B, The Laurels, Templewood Court, Benfleet, Essex SS7 2RQ2
£257.5K08/230.33 mi623, London Road, Hadleigh, Benfleet, Essex SS7 2EB2
£220K09/230.33 mi59, Templewood Court, Benfleet, Essex SS7 2RH2
£185K06/210.33 mi45, Templewood Court, Benfleet, Essex SS7 2RH2
£190K04/210.33 mi60, Templewood Court, Benfleet, Essex SS7 2RH2
£185K06/210.33 mi45, Templewood Court, Benfleet, Essex SS7 2RH2
£120K03/240.33 mi54, Templewood Court, Benfleet, Essex SS7 2RH2
£186.5K01/210.34 mi623a, London Road, Hadleigh, Benfleet, Essex SS7 2EB2
£170K01/230.34 mi585, London Road, Hadleigh, Benfleet, Essex SS7 2EB2
£450K04/210.53 mi200, Scrub Lane, Benfleet, Essex SS7 2JW2
£220K03/230.66 miFlat 41, Queens Lodge, Benfleet Road, Benfleet, Essex SS7 1NY2
£220K08/210.66 miFlat 38, Queens Lodge, Benfleet Road, Benfleet, Essex SS7 1NY2
£192.5K01/210.66 miFlat 39, Queens Lodge, Benfleet Road, Benfleet, Essex SS7 1NY2
£220K09/210.85 mi1480c, London Road, Leigh-on-sea, Southend-on-sea SS9 2UR2
£195K11/200.85 mi1480a, London Road, Leigh-on-sea, Southend-on-sea SS9 2UR2
£275K12/200.85 mi1486a, London Road, Leigh-on-sea, Southend-on-sea SS9 2UR2
£275K05/210.85 mi1486c, London Road, Leigh-on-sea, Southend-on-sea SS9 2UR2
£245K01/210.9 mi106a, Rayleigh Road, Thundersley, Benfleet, Essex SS7 3YS2

Local Rents

18 rents from £950/mo to £1.7K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,10009/240 miCastle Gate, London Road, Hadleigh2
£1,30009/240.03 miLondon Road, Hadleigh, Benfleet, Essex, SS72
£1,40009/240.03 miFlat 3, 335 London Road2
£1,00009/240.05 miLondon Road, Hadleigh2
£95009/240.11 miWilkinson Drop Oak Road South, Hadleigh2
£1,70009/240.16 miBeech Road, Hadleigh2
£1,15009/240.2 miEverglades, London Road, Hadleigh2
£1,40009/240.26 miTower View, London Road, Hadleigh2
£1,10009/240.26 miLondon Road, Hadleigh, Benfleet, Essex, SS72
£1,50012/240.26 mi-2
£1,35004/240.27 mi-2
£1,35009/240.27 miHigh Street, Hadleigh, Benfleet, SS72
£1,60006/240.28 mi-2
£1,40006/230.33 mi-2
£1,40006/230.33 mi-2
£1,60003/250.35 mi-2
£1,60003/250.35 mi-2
£1,30009/240.43 miWoodfield Road, Hadleigh2

Local Area Statistics

Population in SS7

49,121

Town centre distance

1.52 miles away

Nearest school

0.10 miles away

Nearest train station

1.37 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+6%

Sales demand

Balanced market

Capital growth (5yrs)

+16%

Property History

Listed for £190,000

August 2, 2024

Floor Plans

Description

  • GUIDE PRICE £190,000 - £200,000 +
  • Good Size Two Bedroom First Floor Flat +
  • Allocated Parking +
  • Long Lease +
  • Stones Throw From Hadleigh Town Centre +
  • Lift To All Floors +
  • Excellent School Catchments +
  • En-Suite To Master +
  • No Onward Chain +

GUIDE PRICE £190,000 - £200,000

Situated in the ever popular ‘Castle Gate’ within the heart of Hadleigh and offered with no onward chain is this good size two bedroom first floor flat. Having large lounge with Juliette balcony open plan to kitchen, en-suite shower room to master and further family bathroom suite together with own allocated parking space and a long lease in excess of 100 years. Also benefiting from upvc double glazing throughout, gas central heating via combination boiler, secure entry phone system and a lift to all floors.

Ideally located a stone’s throw from local shops, bus routes and supermarkets whilst also being with walking distance of Hadleigh Castle. Leigh On Sea and Benfleet mainline stations are a short way away and excellent local schools can also be found nearby including being within the Hadleigh Infants/Juniors and King John school catchments. Call now to book your viewing!

/ Good Size Two Bedroom First Floor Flat / Large Lounge Open Plan To Kitchen / En-Suite Shower Room To Master / Three Piece Family Bathroom Suite / Juliette Balcony To Lounge / Own Allocated Parking Space / Gas Central Heating Via Combination Boiler / Upvc Double Glazing Throughout / Long Lease / Lift To All Floors / Entry Phone System / Stones Throw From Hadleigh High Street / Excellent School Catchments / No Onward Chain

Secure communal entrance door opening to communal hallway, stairs and lift leading to first floor, private entrance door to:

Entrance Lobby/Storage Fitted carpet, power points, smooth plastered and coved ceiling, door leading to:

Entrance Hall Fitted carpet, radiator, power points, entry phone system, thermostat control, smooth plastered and coved ceiling, telephone point, two storage cupboards with shelving, doors to accommodation off.

Lounge 13’8 x 11’3 Upvc double glazed french doors with upvc double glazed windows adjacent opening to Juliette balcony, fitted carpet, power points, T.V point, radiator, smooth plastered and coved ceiling, open plan to:

Kitchen 9’7 x 6’8 Stainless steel sink and drainer unit inset into range of roll edge worktops with cupboards and drawers beneath and matching eye level units, integrated oven with four ring gas hob above and chimney style extractor over, space for tall fridge/freezer, space and plumbing for washing machine, tiled splashbacks, tiled effect flooring, power points, smooth plastered and coved ceiling.

Bedroom One 11’7 x 10’9 Upvc double glazed window to rear, fitted carpet, radiator, power points, T.V point, smooth plastered and coved ceiling, door leading to:

En-Suite Three piece suite comprising shower cubicle with tiled surround and shower over, push button w.c, pedestal wash basin, radiator, wall mounted Baxi combination boiler, extractor, smooth plastered and coved ceiling.

Bedroom Two 7’5 x 7’4 Upvc double glazed window to side, fitted carpet, radiator, power points, T.V point, telephone point, smooth plastered and coved ceiling.

Bathroom Three piece suite comprising panelled bath with shower over, push button w.c, pedestal wash basin, radiator, smooth plastered and coved ceiling, extractor, upvc obscure double glazed window to side, vinyl flooring, half tiled to remaining walls.

Parking The property benefits from own allocated parking space in car park to rear of block.

Lease Information We understand the lease term is 125 years from April 1st 2006 and therefore benefits from 107 years remaining, the service charge is approximately £1400 per annum and the ground rent is approximately £250 per annum.

PLEASE NOTE:-

We recommend our customers use our panel of Conveyancers/Solicitors. It is your decision whether you choose to deal with our recommendation, and you are under no obligation to do so. You should know that we may receive a referral fee of £150 to £200 per transaction from them. Should you arrange a Mortgage through our recommended mortgage advisor, again of which there is no obligation we will receive a commission fee. The amount of commission will depend on the size of the loan and any associated products that you decide to take. The Consumer Protection from Unfair Trading Regulations 2008 (CPRs). These details are for guidance only and complete accuracy cannot be guaranteed. If there is any point, which is of particular importance, verification should be obtained. They do not constitute a contract or part of a contract. All measurements are approximate. No guarantee can be given with regard to planning permissions or fitness for purpose. No apparatus, equipment, fixture or fitting has been tested. Items shown in photographs are NOT necessarily included. Interested Parties are advised to check availability and make an appointment to view before travelling to see a property.

Agent Details

Amos Estates, Hadleigh

01702 555888

Next Steps?

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