2 Bed Flat, Planning Permission, Benfleet, SS7 2BF, £230,000

Wilkinson Drop, Oak Road South, Hadleigh, Essex, SS7 2BF - 6 months ago

Sold STC
Leasehold
BTL
Planning
ROI: 2%
~56 m²
+6 photos

ValuationOvervalued

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

 

 

Square Metres

~55.58 m²
Price/m²£4.1K/m²

Value Estimate

£174,053

Investment Opportunity

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£57,500

Stamp Duty & Legal Fees

£12,700

Total Cash In

£70,200

 

 

Cash Out

 

Rent Range

£950 - £1,700

Rent Estimate

£1,100

Running Costs/mo

£959

Cashflow/mo

£141

Cashflow/yr

£1,695

ROI

2%

Gross Yield

6%

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 
£237.5K01/230.02 miFlat 69, Wilkinson Drop, Oak Road South, Benfleet, Essex SS7 2BG2
£240K11/220.04 miFlat 55, Wilkinson Drop, Oak Road South, Benfleet, Essex SS7 2BG2
£222K10/230.04 miFlat 48, Wilkinson Drop, Oak Road South, Benfleet, Essex SS7 2BG2
£230K07/230.04 miFlat 43, Wilkinson Drop, Oak Road South, Benfleet, Essex SS7 2BG2
£205K04/210.04 miFlat 53, Wilkinson Drop, Oak Road South, Benfleet, Essex SS7 2BG2
£238K10/230.04 miWilkinson Drop, Flat 27, Oak Road South, Benfleet, Essex SS7 2BG2
£185K01/210.05 miFlat 1, Everglades, London Road, Hadleigh, Benfleet, Essex SS7 2ED2
£190K03/210.07 miFlat 3, Castle Court, Castle Lane, Benfleet, Essex SS7 2AE2
£237.5K10/230.09 miFlat 4, Steeple Gate, Castle Lane, Benfleet, Essex SS7 2AF2
£238.5K05/210.09 miFlat 3, Steeple Gate, Castle Lane, Benfleet, Essex SS7 2AF2
£225K01/210.13 mi53, Castle Lane, Benfleet, Essex SS7 2AL2
£250K08/210.15 mi16a, The Avenue, Benfleet, Essex SS7 2DL2
£240K06/210.26 miFlat 4, Everglades, London Road, Hadleigh, Benfleet, Essex SS7 2ED2
£205K04/210.27 mi1, Templewood Court, Benfleet, Essex SS7 2RQ2
£220K09/230.27 mi59, Templewood Court, Benfleet, Essex SS7 2RH2
£185K06/210.27 mi45, Templewood Court, Benfleet, Essex SS7 2RH2
£190K04/210.27 mi60, Templewood Court, Benfleet, Essex SS7 2RH2
£185K06/210.27 mi45, Templewood Court, Benfleet, Essex SS7 2RH2
£120K03/240.27 mi54, Templewood Court, Benfleet, Essex SS7 2RH2
£258.5K10/230.28 miFlat B, The Laurels, Templewood Court, Benfleet, Essex SS7 2RQ2
£199.9K06/210.39 miApartment 20, Aragon Court, Church Road, Hadleigh, Benfleet, Essex SS7 2GB2
£257.5K08/230.4 mi623, London Road, Hadleigh, Benfleet, Essex SS7 2EB2
£186.5K01/210.41 mi623a, London Road, Hadleigh, Benfleet, Essex SS7 2EB2
£170K01/230.41 mi585, London Road, Hadleigh, Benfleet, Essex SS7 2EB2
£450K04/210.58 mi200, Scrub Lane, Benfleet, Essex SS7 2JW2
£220K03/230.59 miFlat 41, Queens Lodge, Benfleet Road, Benfleet, Essex SS7 1NY2
£220K08/210.59 miFlat 38, Queens Lodge, Benfleet Road, Benfleet, Essex SS7 1NY2
£192.5K01/210.59 miFlat 39, Queens Lodge, Benfleet Road, Benfleet, Essex SS7 1NY2
£245K01/210.84 mi106a, Rayleigh Road, Thundersley, Benfleet, Essex SS7 3YS2
£220K09/210.92 mi1480c, London Road, Leigh-on-sea, Southend-on-sea SS9 2UR2
£195K11/200.92 mi1480a, London Road, Leigh-on-sea, Southend-on-sea SS9 2UR2
£275K12/200.92 mi1486a, London Road, Leigh-on-sea, Southend-on-sea SS9 2UR2
£275K05/210.92 mi1486c, London Road, Leigh-on-sea, Southend-on-sea SS9 2UR2

Local Rents

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

RentDateDistanceAddressBeds 
£95009/240.04 miWilkinson Drop Oak Road South, Hadleigh2
£1,00009/240.06 miLondon Road, Hadleigh2
£1,10009/240.07 miCastle Gate, London Road, Hadleigh2
£1,30009/240.08 miLondon Road, Hadleigh, Benfleet, Essex, SS72
£1,40009/240.09 miFlat 3, 335 London Road2
£1,70009/240.1 miBeech Road, Hadleigh2
£1,10009/240.19 miLondon Road, Hadleigh, Benfleet, Essex, SS72
£1,50012/240.19 mi-2
£1,35004/240.2 mi-2
£1,35009/240.2 miHigh Street, Hadleigh, Benfleet, SS72
£1,15009/240.28 miEverglades, London Road, Hadleigh2
£1,40009/240.33 miTower View, London Road, Hadleigh2
£1,60006/240.35 mi-2
£1,40006/230.4 mi-2
£1,40006/230.4 mi-2
£1,60003/250.42 mi-2
£1,60003/250.42 mi-2
£1,30009/240.49 miWoodfield Road, Hadleigh2
£1,45009/240.6 miSpringfield Hadleigh2

Local Area Statistics

Population in SS7

49,121

Town centre distance

1.45 miles away

Nearest school

0.10 miles away

Nearest train station

1.44 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+6%

Sales demand

Balanced market

Capital growth (5yrs)

+16%

Property History

Price changed to £230,000

February 16, 2025

Listed for £235,000

October 15, 2024

Floor Plans

Description

  • Beautifully Presented Two Bedroom Ground Floor Flat +
  • Sought After Development In Hadleigh +
  • Luxury En-Suite Shower Room To Master +
  • Long Lease In Excess Of 100 Years +
  • Allocated Parking Space +
  • Stones Throw From Hadleigh High Street +
  • Good Size Bedrooms +
  • Lounge Open Plan To Modern Fitted Kitchen +
  • Excellent School Catchments +
  • Walking Distance To Hadleigh Castle +

Welcome to this beautifully presented two bedroom ground floor apartment in the ever popular ‘Wilkinson Drop’ within the heart of Hadleigh. Boasting stylish and spacious accommodation which includes lounge/diner open plan to modern fitted kitchen, good size bedrooms, a luxury en-suite shower room to master and a further family bathroom suite. Also featuring own allocated parking space, upvc double glazing throughout, secure entry phone system and a long lease in excess of 100 years.

Ideally located within walking distance of Hadleigh Town Centre with it’s array of shops, supermarkets and cafe’s, Hadleigh Castle and Hadleigh Country Park whilst also having excellent local schools nearby, the property being within the Hadleigh Infant/Junior and King John school catchments. Transport links via bus routes, major trunk roads and mainline stations are also within easy access. This a lovely apartment in immaculate condition throughout and we would therefore advise viewing at your earliest convenience to avoid disappointment.

/ Beautifully Presented Two Bedroom Ground Floor Flat / Bright & Spacious Accommodation / Large Lounge/Diner Open Plan To Modern Fitted Kitchen / Good Size Bedrooms / Luxury En-Suite Shower Room To Master / Three Piece Family Bathroom Suite / Own Allocated Parking Space / Long Lease In Excess Of 100 Years / Secure Entry Phone System / Upvc Double Glazing Throughout / Stones Throw From Hadleigh Town Centre / Walking Distance To Hadleigh Castle / Hadleigh Infant/Junior & King John School Catchments / Ideal First Time Purchase Or Buy To Let Opportunity / Viewings Advised

Secure communal entrance doors opening to communal hallway leading to private entrance door opening to:

Entrance Hall Wood effect flooring, cupboard housing hot water cylinder, electric radiator, power points, telephone point, entry phone system, smooth plastered and coved ceiling with inset spotlights, doors to accommodation off.

Lounge/Diner 14’3 x 10’3 Plus Recess Upvc double glazed bay window to rear, wood effect flooring, power points, T.V point, electric radiator, smooth plastered and coved ceiling with inset spotlights, doorway to:

Kitchen 8’ x 6’5 Luxury fitted kitchen comprising sink and drainer unit with swan neck mixer tap inset into range of roll edge worktops with white high gloss cupboards and drawers beneath and matching eye level units, integrated oven with four ring electric hob above and chimney style extractor over, space and plumbing for dishwasher, space and plumbing for washing machine, space for tall fridge/freezer, power points, smooth plastered ceiling with inset spotlights, wood effect flooring.

Bedroom One 14’7 x 10’6 Upvc double glazed bay window to rear, wood effect flooring, electric radiator, power points, T.V point, smooth plastered and coved ceiling, fitted wardrobes, door leading to:

En-Suite Shower Room Stunning three piece suite comprising shower cubicle with shower over and tiled surround, push button w.c, vanity ash basin with chrome mixer tap and storage below, half tiled to remaining walls, wood effect flooring, extractor, wall mounted heater, smooth plastered ceiling with inset spotlights.

Bedroom Two 10’4 x 7’10 Upvc double glazed bay window to rear, fitted carpet, power points, electric radiator, smooth plastered ceiling.

Bathroom Modern three piece suite comprising panelled bath with chrome controls and handheld attachment, vanity wash basin with chrome mixer tap and storage below, half tiled walls, wood effect flooring, smooth plastered ceiling with inset spotlights.

Outside & Parking The development benefits from well-tended communal gardens and own allocated parking space.

Lease Info We understand there is a lease of approximately 105 years remaining. We are advised the ground rent is £150 per annum and the service charge is £616.84 every 6 months (£1233.68 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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