2 Bed Terraced House, Single Let, Benfleet, SS7 4FB, £240,000

Lambeth Road, Benfleet, SS7 4FB - 2 views - 7 months ago

Sold STC
Leasehold
BTL
ROI: 2%
~68 m²
+14 photos

ValuationUndervalued

Sold Prices£250K - £500K
Sold Prices/m²£3.1K/m² - £7.9K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.5K/m²

Value Estimate

£295,200
BMV23%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£60,000

Stamp Duty & Legal Fees

£8,400

Total Cash In

£68,400

 

 

Cash Out

 

Rent Range

£850 - £1,550

Rent Estimate

£1,100

Running Costs/mo

£990

Cashflow/mo

£110

Cashflow/yr

£1,320

ROI

2%

Gross Yield

6%

Local Sold Prices

52 sold prices from £250K to £500K, average is £341K. £3.1K/m² to £7.9K/m², average is £5.2K/m².

PriceDateDistanceAddressBeds 
£250K06/210 miApartment 15, Lambeth Court, Lambeth Road, Benfleet, Essex SS7 4FB2
£430K08/230.13 mi55, Southwold Crescent, Benfleet, Essex SS7 5SR2
£330K02/230.13 mi18, Hatley Gardens, Benfleet, Essex SS7 5ST2
£270K09/210.16 mi14, Hatley Gardens, Benfleet, Essex SS7 5ST2
£362.5K05/230.17 mi27, Northern Avenue, Benfleet, Essex SS7 5SN2
£340K04/240.17 mi18, Northern Avenue, Benfleet, Essex SS7 5SN2
£460K11/210.18 mi70, Church Road, Benfleet, Essex SS7 4EU2
£345.5K02/230.18 mi50, Rushbottom Lane, Benfleet, Essex SS7 4BU2
£400K02/210.19 mi14, Homefields Avenue, Benfleet, Essex SS7 5TY2
£325K04/230.2 mi5, Southwold Crescent, Benfleet, Essex SS7 5SW2
£350K03/240.22 mi16, Chancel Close, Benfleet, Essex SS7 4ET2
£410K01/230.23 mi1, Lynn View Close, Benfleet, Essex SS7 5RJ2
£410K07/230.24 mi10, Lynn View Close, Benfleet, Essex SS7 5RJ2
£370K08/230.24 mi5, Lynn View Close, Benfleet, Essex SS7 5RJ2
£330K03/230.25 mi74, Rushbottom Lane, Benfleet, Essex SS7 4DW2
£320K09/230.25 mi29, Waverley Road, Benfleet, Essex SS7 4AX2
£355K10/230.28 mi63, Croft Road, Benfleet, Essex SS7 5RL2
£345K07/230.3 mi61a, Manor Road, Benfleet, Essex SS7 4BE2
£345K07/230.3 mi61a, Manor Road, Benfleet, Essex SS7 4BE2
£320K12/200.34 mi19, Overton Road, Benfleet, Essex SS7 4HQ2
£325K07/230.37 mi61, Seamore Avenue, Benfleet, Essex SS7 4EZ2
£285K10/210.42 mi293, London Road, Benfleet, Essex SS7 5XP2
£296K01/210.42 mi50, Gifford Road, Benfleet, Essex SS7 5XU2
£325K01/230.42 mi305, London Road, Benfleet, Essex SS7 5XP2
£275K11/200.43 mi144, Church Road, Benfleet, Essex SS7 4EN2
£335K10/210.43 mi29, Hazlemere Road, Benfleet, Essex SS7 4AF2
£403K11/230.44 mi18, Bowers Road, Benfleet, Essex SS7 5PZ2
£330K07/230.49 mi137, Seamore Avenue, Benfleet, Essex SS7 4LA2
£340K02/210.49 mi11, Sydney Road, Benfleet, Essex SS7 5RD2
£290K04/210.52 mi478, Kents Hill Road North, Benfleet, Essex SS7 4AB2
£370K09/230.52 mi482, Kents Hill Road North, Benfleet, Essex SS7 4AB2
£300K06/210.53 mi33, Eversley Road, Benfleet, Essex SS7 4JE2
£290K02/210.56 mi6, Felstead Road, Benfleet, Southend-on-sea SS7 1BJ2
£395K12/210.61 mi81, Bowers Road, Benfleet, Essex SS7 1BH2
£340K06/210.65 mi4, Warwick Close, Benfleet, Essex SS7 4JB2
£350K12/230.7 mi43, South View Road, Benfleet, Essex SS7 5ND2
£383K07/230.75 mi26, Cumberland Avenue, Benfleet, Essex SS7 5NY2
£383K07/230.75 mi26, Cumberland Avenue, Benfleet, Essex SS7 5NY2
£460K01/230.78 mi90, Kents Hill Road, Benfleet, Essex SS7 5PJ2
£352.5K04/230.82 mi47, Highlands Road, Bowers Gifford, Basildon, Essex SS13 2HX2
£342K03/210.84 mi3, Alpha Road, Bowers Gifford, Basildon, Essex SS13 2JD2
£331K01/210.84 mi388, High Road, Benfleet, Essex SS7 5HL2
£295K02/210.85 mi22, Highlands Road, Bowers Gifford, Basildon, Essex SS13 2HT2
£315K04/210.86 mi46, Melcombe Road, Benfleet, Essex SS7 5NB2
£450K02/210.86 mi48, Pound Lane, Bowers Gifford, Basildon, Essex SS13 2HW2
£370K01/240.87 mi157, Cumberland Avenue, Benfleet, Essex SS7 1DX2
£335K03/210.87 mi76, Pound Lane, Bowers Gifford, Basildon, Essex SS13 2HW2
£427.5K03/230.87 mi116, Pound Lane, Bowers Gifford, Basildon, Essex SS13 2HW2
£275K02/210.88 mi409, High Road, Benfleet, Essex SS7 5HN2
£327K02/230.9 mi66, Constitution Hill, Benfleet, Essex SS7 1ED2
£480K01/210.9 mi52, Kents Hill Road, Benfleet, Essex SS7 5PL2
£500K08/230.9 mi338, High Road, Benfleet, Essex SS7 5HP2

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 £240,000

August 29, 2024

Floor Plans

Description

  • Two bedroom first floor apartment +
  • Beautifully presented +
  • Spacious lounge/kitchen measuring 17' 5 +
  • Two double bedrooms with ensuite to bedroom one +
  • Balcony +
  • Allocated parking +
  • Lease length approx. 110 years +
  • GUIDE PRICE £240,000 - £250,000 +
  • NO ONWARD CHAIN +
  • EPC rating - C. Our ref: 15941 +

WILLIAMS and DONOVAN are pleased to offer for sale with NO ONWARD CHAIN, this beautifully presented two bedroom, two bathroom first floor apartment.

Situated within a modern block, conveniently for Tarpots facilities, the property benefits from having a spacious lounge/kitchen measuring 17' 5"; two double bedrooms with ensuite to bedroom one; balcony and allocated parking, and has a lease of approx. 110 years.

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:  

HALLWAY Skimmed ceiling. Spotlight insets. Storage cupboard housing Megaflow hot water system. Radiator. Laminate wood effect flooring. Doors to:  

LOUNGE/KITCHEN 17' 5" x 14' 4" (5.31m x 4.37m) Skimmed ceiling with spotlight insets. UPVC double glazed patio doors to BALCONY at front. Range of floor to ceiling, base and eye level units with quartz working surfaces and matching upstands. Inset sink with chrome jet spray mixer tap. Inset 4 ring electric hob with extractor over and electric oven under. Integrated fridge. Integrated freezer. Integrated dishwasher. Integrated washing machine. Designer wall radiator. Laminate wood effect flooring. 

BALCONY With wrought iron balustrade. 

BEDROOM ONE 14' 10" x 9' 5" (4.52m x 2.87m) Skimmed ceiling. UPVC double glazed window to front aspect. Electric wall mounted heated. Door to: 

ENSUITE 8' 7" x 3' 3" (2.62m x 0.99m) Skimmed ceiling with spotlight insets. Three piece white suite comprising close coupled, dual flush w/c, pedestal mounted hand wash basin with chrome mixer tap and shower cubicle. Chrome ladder style towel rail. Tiled walls. Tiled floor. 

BEDROOM TWO 11' 3" x 10' 5" (3.43m x 3.18m) Skimmed ceiling. UPVC double glazed window to front aspect. Electric wall mounted heated.  

BATHROOM 6' 7" x 5' 6" (2.01m x 1.68m) Skimmed ceiling with spotlight insets. Three piece white suite comprising close coupled, dual flush w/c, pedestal mounted hand wash basin with chrome mixer tap and panelled bath with chrome shower mixer tap and shower screen. Tiled walls. Chrome ladder style towel rail. Tiled floor. 

OUTSIDE OF PROPERTY: Allocated parking. Communal roof top terrace.

Agent's Note:
This property is Leasehold, with approx. 110 years remaining on the lease.
Ground rent: £250.
Service Charges: £1329.93 per annum including buildings insurance.

Agent Details

Williams and Donovan, Benfleet

01268 755252

Next Steps?

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