2 Bed Flat, Single Let, Benfleet, SS7 2BG, £240,000

WILKINSON DROP Oak Road South, Benfleet, Essex, SS7 2BG - 2 views - 5 months ago

Sold STC
Leasehold
BTL
ROI: 2%
59 m²
+9 photos

ValuationOvervalued

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

 

 

Square Metres

59.15 m²
Price/m²£4.1K/m²

Value Estimate

£185,233

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

£950 - £1,700

Rent Estimate

£1,075

Running Costs/mo

£985

Cashflow/mo

£90

Cashflow/yr

£1,080

ROI

2%

Gross Yield

5%

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 
£237.5K01/230.05 miFlat 69, Wilkinson Drop, Oak Road South, Benfleet, Essex SS7 2BG2
£240K11/220.07 miFlat 55, Wilkinson Drop, Oak Road South, Benfleet, Essex SS7 2BG2
£222K10/230.07 miFlat 48, Wilkinson Drop, Oak Road South, Benfleet, Essex SS7 2BG2
£230K07/230.07 miFlat 43, Wilkinson Drop, Oak Road South, Benfleet, Essex SS7 2BG2
£205K04/210.07 miFlat 53, Wilkinson Drop, Oak Road South, Benfleet, Essex SS7 2BG2
£238K10/230.07 miWilkinson Drop, Flat 27, Oak Road South, Benfleet, Essex SS7 2BG2
£190K03/210.08 miFlat 3, Castle Court, Castle Lane, Benfleet, Essex SS7 2AE2
£225K01/210.09 mi53, Castle Lane, Benfleet, Essex SS7 2AL2
£185K01/210.1 miFlat 1, Everglades, London Road, Hadleigh, Benfleet, Essex SS7 2ED2
£237.5K10/230.1 miFlat 4, Steeple Gate, Castle Lane, Benfleet, Essex SS7 2AF2
£238.5K05/210.1 miFlat 3, Steeple Gate, Castle Lane, Benfleet, Essex SS7 2AF2
£250K08/210.2 mi16a, The Avenue, Benfleet, Essex SS7 2DL2
£240K06/210.27 miFlat 4, Everglades, London Road, Hadleigh, Benfleet, Essex SS7 2ED2
£220K09/230.31 mi59, Templewood Court, Benfleet, Essex SS7 2RH2
£185K06/210.31 mi45, Templewood Court, Benfleet, Essex SS7 2RH2
£190K04/210.31 mi60, Templewood Court, Benfleet, Essex SS7 2RH2
£185K06/210.31 mi45, Templewood Court, Benfleet, Essex SS7 2RH2
£120K03/240.31 mi54, Templewood Court, Benfleet, Essex SS7 2RH2
£205K04/210.32 mi1, Templewood Court, Benfleet, Essex SS7 2RQ2
£258.5K10/230.32 miFlat B, The Laurels, Templewood Court, Benfleet, Essex SS7 2RQ2
£199.9K06/210.4 miApartment 20, Aragon Court, Church Road, Hadleigh, Benfleet, Essex SS7 2GB2
£257.5K08/230.41 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
£220K03/230.61 miFlat 41, Queens Lodge, Benfleet Road, Benfleet, Essex SS7 1NY2
£220K08/210.61 miFlat 38, Queens Lodge, Benfleet Road, Benfleet, Essex SS7 1NY2
£192.5K01/210.61 miFlat 39, Queens Lodge, Benfleet Road, Benfleet, Essex SS7 1NY2
£450K04/210.62 mi200, Scrub Lane, Benfleet, Essex SS7 2JW2
£245K01/210.88 mi106a, Rayleigh Road, Thundersley, Benfleet, Essex SS7 3YS2
£220K09/210.91 mi1480c, London Road, Leigh-on-sea, Southend-on-sea SS9 2UR2
£195K11/200.91 mi1480a, London Road, Leigh-on-sea, Southend-on-sea SS9 2UR2
£275K12/200.91 mi1486a, London Road, Leigh-on-sea, Southend-on-sea SS9 2UR2
£275K05/210.91 mi1486c, London Road, Leigh-on-sea, Southend-on-sea SS9 2UR2

Local Rents

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

RentDateDistanceAddressBeds 
£95009/240.07 miWilkinson Drop Oak Road South, Hadleigh2
£1,70009/240.08 miBeech Road, Hadleigh2
£1,10009/240.09 miCastle Gate, London Road, Hadleigh2
£1,00009/240.11 miLondon Road, Hadleigh2
£1,30009/240.11 miLondon Road, Hadleigh, Benfleet, Essex, SS72
£1,40009/240.12 miFlat 3, 335 London Road2
£1,50012/240.22 mi-2
£1,35004/240.23 mi-2
£1,35009/240.23 miHigh Street, Hadleigh, Benfleet, SS72
£1,10009/240.24 miLondon Road, Hadleigh, Benfleet, Essex, SS72
£1,15009/240.28 miEverglades, London Road, Hadleigh2
£1,40009/240.33 miTower View, London Road, Hadleigh2
£1,60006/240.36 mi-2
£1,40006/230.41 mi-2
£1,40006/230.41 mi-2
£1,60003/250.42 mi-2
£1,60003/250.42 mi-2
£1,30009/240.51 miWoodfield Road, Hadleigh2

Local Area Statistics

Population in SS7

49,121

Town centre distance

1.48 miles away

Nearest school

0.20 miles away

Nearest train station

1.42 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

November 12, 2024

Sold for £205,000

2021

Sold for £195,000

2018

Sold for £159,000

2006

Sold for £144,250

2004

Floor Plans

Description

  • Views Towards The Thames Estuary +
  • Top Floor Apartment +
  • 2 Bedrooms +
  • Luxury Bathroom +
  • Modern Kitchen +
  • Spacious Lounge +
  • Allocated Parking +
  • Close to Hadleigh Downs & Shops +
  • Immaculate Throughout +
  • Early Viewing Advised +

SPACIOUS 2 BEDROOM TOP FLOOR APARTMENT WITH ESTUARY VIEWS
An immaculate and spacious 2 bedroom apartment that has been tastefully decorated and offer just over 650sqft of accommodation with a welcoming L shaped reception hall, lounge with views towards the Thames estuary, modern fitted kitchen, luxury bathroom, recently fitted carpets throughout, allocated parking & communal gardens,
Wilkinson Drop is situated within a most convenient location close to Hadleigh shops with excellent supermarkets & independent stores, eateries & pubs, local Schools, Hadleigh ancient Country Park & Olympic 2012 mountain bike tracks,

Accommodation - Door with security system leading to communal hall and stairs to the apartment private door to:

Reception Hall, - Access to loft space with ladder & also boarded providing ample storage airing cupboard & further cloaks cupboard, spot lighting, coving, power & telephone points,

Lounge - 5.49m max x 3.05m (18' max x 10') - UPVC double glazed window with delightful views towards the Thames Estuary, electric radiator, power & Tv points, coving, spot lighting, open way to Kitchen

Kitchen - 2.67m x 1.91m (8'9 x 6'3) - Fitted with a modern range of Shaker style units to both eye level & base level units with complimentary worktops incorporating stainless steel sink drainer with mixer taps, ceramic hob, extractor fan, oven, splash back tiling, plumbing for washing machine and space for fridge freezer, power points, laminate flooring, spot lighting

Bedroom 1 - 4.34m x 3.12m (14'3 x 10'3) - UPVC double glazed window with Estuary views, fitted wardrobes to one wall, electric heater, power & Tv points, coving,

Bedroom 2 - 3.05m x 2.31m (10' x 7'7) - UPVC double glazed window with Estuary views, electric heater, power points, door to walk in wardrobe 5'9 x 4'8 having fitted shelving & hanging rails

Luxury Bathroom - Fitted with a quality and contemporary suite comprising a large walk in shower with rainfall shower & hand attachment, panelled bath, wc with concealed system, vanity unit with storage cupboard and circular bowl sink, part tiled with marble effect tiling, heated towel rail, spot lighting & extractor fan,

Outside - To the front of the property will established gardens with lawn area & established shrub beds, enclosed bin store,

Parking - The property benefits from an allocated parking space & visitor parking

Agent Details

George Homes, Rayleigh

01268 214286

Next Steps?

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