2 Bed Flat, Single Let, Benfleet, SS7 2BG, £230,000

WILKINSON DROP Oak Road South, Benfleet, Essex, SS7 2BG - 9 views - 6 months ago

Sold STC
Leasehold
BTL
ROI: 2%
59 m²
+16 photos

ValuationOvervalued

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

 

 

Square Metres

59.15 m²
Price/m²£3.9K/m²

Value Estimate

£185,233

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£57,500

Stamp Duty & Legal Fees

£8,100

Total Cash In

£65,600

 

 

Cash Out

 

Rent Range

£950 - £1,700

Rent Estimate

£1,088

Running Costs/mo

£956

Cashflow/mo

£132

Cashflow/yr

£1,580

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 
£222K10/230.02 miFlat 48, Wilkinson Drop, Oak Road South, Benfleet, Essex SS7 2BG2
£230K07/230.02 miFlat 43, Wilkinson Drop, Oak Road South, Benfleet, Essex SS7 2BG2
£205K04/210.02 miFlat 53, Wilkinson Drop, Oak Road South, Benfleet, Essex SS7 2BG2
£238K10/230.02 miWilkinson Drop, Flat 27, Oak Road South, Benfleet, Essex SS7 2BG2
£240K11/220.02 miFlat 55, Wilkinson Drop, Oak Road South, Benfleet, Essex SS7 2BG2
£190K03/210.03 miFlat 3, Castle Court, Castle Lane, Benfleet, Essex SS7 2AE2
£237.5K10/230.05 miFlat 4, Steeple Gate, Castle Lane, Benfleet, Essex SS7 2AF2
£238.5K05/210.05 miFlat 3, Steeple Gate, Castle Lane, Benfleet, Essex SS7 2AF2
£237.5K01/230.06 miFlat 69, Wilkinson Drop, Oak Road South, Benfleet, Essex SS7 2BG2
£185K01/210.09 miFlat 1, Everglades, London Road, Hadleigh, Benfleet, Essex SS7 2ED2
£225K01/210.1 mi53, Castle Lane, Benfleet, Essex SS7 2AL2
£250K08/210.18 mi16a, The Avenue, Benfleet, Essex SS7 2DL2
£220K09/230.25 mi59, Templewood Court, Benfleet, Essex SS7 2RH2
£185K06/210.25 mi45, Templewood Court, Benfleet, Essex SS7 2RH2
£190K04/210.25 mi60, Templewood Court, Benfleet, Essex SS7 2RH2
£185K06/210.25 mi45, Templewood Court, Benfleet, Essex SS7 2RH2
£120K03/240.25 mi54, Templewood Court, Benfleet, Essex SS7 2RH2
£205K04/210.27 mi1, Templewood Court, Benfleet, Essex SS7 2RQ2
£258.5K10/230.27 miFlat B, The Laurels, Templewood Court, Benfleet, Essex SS7 2RQ2
£240K06/210.31 miFlat 4, Everglades, London Road, Hadleigh, Benfleet, Essex SS7 2ED2
£199.9K06/210.43 miApartment 20, Aragon Court, Church Road, Hadleigh, Benfleet, Essex SS7 2GB2
£257.5K08/230.45 mi623, London Road, Hadleigh, Benfleet, Essex SS7 2EB2
£186.5K01/210.45 mi623a, London Road, Hadleigh, Benfleet, Essex SS7 2EB2
£170K01/230.45 mi585, London Road, Hadleigh, Benfleet, Essex SS7 2EB2
£220K03/230.56 miFlat 41, Queens Lodge, Benfleet Road, Benfleet, Essex SS7 1NY2
£220K08/210.56 miFlat 38, Queens Lodge, Benfleet Road, Benfleet, Essex SS7 1NY2
£192.5K01/210.56 miFlat 39, Queens Lodge, Benfleet Road, Benfleet, Essex SS7 1NY2
£450K04/210.63 mi200, Scrub Lane, Benfleet, Essex SS7 2JW2
£245K01/210.82 mi106a, Rayleigh Road, Thundersley, Benfleet, Essex SS7 3YS2
£220K09/210.96 mi1480c, London Road, Leigh-on-sea, Southend-on-sea SS9 2UR2
£195K11/200.96 mi1480a, London Road, Leigh-on-sea, Southend-on-sea SS9 2UR2
£275K12/200.96 mi1486a, London Road, Leigh-on-sea, Southend-on-sea SS9 2UR2
£275K05/210.96 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 
£95009/240.02 miWilkinson Drop Oak Road South, Hadleigh2
£1,70009/240.05 miBeech Road, Hadleigh2
£1,00009/240.11 miLondon Road, Hadleigh2
£1,10009/240.12 miCastle Gate, London Road, Hadleigh2
£1,30009/240.13 miLondon Road, Hadleigh, Benfleet, Essex, SS72
£1,40009/240.13 miFlat 3, 335 London Road2
£1,50012/240.16 mi-2
£1,35004/240.17 mi-2
£1,35009/240.17 miHigh Street, Hadleigh, Benfleet, SS72
£1,10009/240.18 miLondon Road, Hadleigh, Benfleet, Essex, SS72
£1,15009/240.32 miEverglades, London Road, Hadleigh2
£1,40009/240.37 miTower View, London Road, Hadleigh2
£1,60006/240.39 mi-2
£1,40006/230.44 mi-2
£1,40006/230.44 mi-2
£1,60003/250.46 mi-2
£1,60003/250.46 mi-2
£1,30009/240.54 miWoodfield Road, Hadleigh2
£1,45009/240.6 miSpringfield Hadleigh2

Local Area Statistics

Population in SS7

49,121

Town centre distance

1.42 miles away

Nearest school

0.20 miles away

Nearest train station

1.47 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+6%

Sales demand

Balanced market

Capital growth (5yrs)

+16%

Property History

Listed for £230,000

October 16, 2024

Sold for £205,000

2021

Sold for £200,000

2017

Sold for £137,500

2013

Sold for £189,000

2006

Sold for £158,500

2005

Floor Plans

Description

  • GUIDE PRICE £230,000 TO £240,000 +
  • HIGHLY SOUGHT AFTER WILKINSON DROP DEVELOPMENT +
  • TWO DOUBLE BEDROOMS +
  • OPEN PLAN/LOUNGE DINER +
  • MODERN FITTED KITCHEN OPEN PLAN +
  • ALLOCTAED AND VISITOR PARKING +
  • CLOSE TO LOCAL SHOPS, RESTAURANTS & TRANSPORT LINKS +
  • APPROX 102 YEAR LEASE REMAINING +
  • £30 GROUND RENT PER ANNUM APPROX +
  • £650 SERVICE CHARGE SIX MONTHLY APPROX +

Set within the prestigious and highly sought-after 'Wilkinson Drop' development, this bright and spacious two-bedroom, second-floor apartment exemplifies modern living at its best. Immaculately maintained throughout, the property boasts a large open-plan lounge/diner seamlessly flowing into a sleek, contemporary kitchen, two generously proportioned bedrooms, and an elegant, luxury four-piece bathroom suite.

Externally, the apartment offers the convenience of an allocated parking space, ample visitor parking, and beautifully landscaped communal gardens. With a long lease of approximately 102 years, this home also benefits from modern comforts such as an entry phone system and UPVC double glazing.

Perfectly positioned within walking distance of Hadleigh Town Centre, local supermarkets, and the historic Hadleigh Castle, this property caters to both families and professionals. It falls within the catchment areas of the highly regarded Hadleigh Infant/Junior schools and King John School. Furthermore, excellent transport links—including local bus routes, major roadways, and nearby mainline stations—provide easy access for commuting and travel. Guide Price £230,000 to £240,000.

Hallway - 2.0 x 1.67 max (6'6" x 5'5" max) -

Lounge Area - 3.62 x 3.01 (11'10" x 9'10") -

Dining Area - 3.62 x 2.13 (11'10" x 6'11") -

Kitchen Area - 3.62 x 1.98 (11'10" x 6'5") -

Bedroom One - 3.96 x 2.99 (12'11" x 9'9") -

Bedroom Two - 3.96 x 2.15 (12'11" x 7'0") -

Four Piece Bathroom - 8.13 x 1.72 max (26'8" x 5'7" max) -

Communal Garden Area -

Allocated Parking -

Visitor Parking -

Lease Information - 102 years left to run on the lease, Ground Rent is £30 per annum, Service Charge £650 every six months approx

Agent Details

Aspire Estate Agents, Benfleet

01268 203954

Next Steps?

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