2 Bed Flat, Single Let, Benfleet, SS7 3YS, £200,000

227 High Road, Benfleet, Essex, SS7 5HZ - 3 months ago

Leasehold
BTL
ROI: 3%
~68 m²
+4 photos

ValuationUndervalued

Sold Prices£120K - £258.5K
Sold Prices/m²£1.6K/m² - £4.8K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.9K/m²

Value Estimate

£219,568
BMV10%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£50,000

Stamp Duty & Legal Fees

£12,700

Total Cash In

£62,700

 

 

Cash Out

 

Rent Range

£950 - £1,750

Rent Estimate

£975

Running Costs/mo

£840

Cashflow/mo

£135

Cashflow/yr

£1,620

ROI

3%

Gross Yield

6%

Local Sold Prices

25 sold prices from £120K to £258.5K, average is £222K. £1.6K/m² to £4.8K/m², average is £3.2K/m².

PriceDateDistanceAddressBeds 
£220K03/230.18 miFlat 41, Queens Lodge, Benfleet Road, Benfleet, Essex SS7 1NY2
£220K08/210.18 miFlat 38, Queens Lodge, Benfleet Road, Benfleet, Essex SS7 1NY2
£192.5K01/210.18 miFlat 39, Queens Lodge, Benfleet Road, Benfleet, Essex SS7 1NY2
£245K01/210.22 mi106a, Rayleigh Road, Thundersley, Benfleet, Essex SS7 3YS2
£220K09/230.41 mi59, Templewood Court, Benfleet, Essex SS7 2RH2
£185K06/210.41 mi45, Templewood Court, Benfleet, Essex SS7 2RH2
£190K04/210.41 mi60, Templewood Court, Benfleet, Essex SS7 2RH2
£185K06/210.41 mi45, Templewood Court, Benfleet, Essex SS7 2RH2
£120K03/240.41 mi54, Templewood Court, Benfleet, Essex SS7 2RH2
£258.5K10/230.42 miFlat B, The Laurels, Templewood Court, Benfleet, Essex SS7 2RQ2
£225K10/200.43 mi12, Robins Path, Benfleet, Essex SS7 1FG2
£205K04/210.44 mi1, Templewood Court, Benfleet, Essex SS7 2RQ2
£237.5K10/230.61 miFlat 4, Steeple Gate, Castle Lane, Benfleet, Essex SS7 2AF2
£238.5K05/210.61 miFlat 3, Steeple Gate, Castle Lane, Benfleet, Essex SS7 2AF2
£190K03/210.63 miFlat 3, Castle Court, Castle Lane, Benfleet, Essex SS7 2AE2
£222K10/230.64 miFlat 48, Wilkinson Drop, Oak Road South, Benfleet, Essex SS7 2BG2
£230K07/230.64 miFlat 43, Wilkinson Drop, Oak Road South, Benfleet, Essex SS7 2BG2
£205K04/210.64 miFlat 53, Wilkinson Drop, Oak Road South, Benfleet, Essex SS7 2BG2
£238K10/230.64 miWilkinson Drop, Flat 27, Oak Road South, Benfleet, Essex SS7 2BG2
£240K11/220.64 miFlat 55, Wilkinson Drop, Oak Road South, Benfleet, Essex SS7 2BG2
£250K08/210.67 mi16a, The Avenue, Benfleet, Essex SS7 2DL2
£185K01/210.69 miFlat 1, Everglades, London Road, Hadleigh, Benfleet, Essex SS7 2ED2
£237.5K01/230.7 miFlat 69, Wilkinson Drop, Oak Road South, Benfleet, Essex SS7 2BG2
£225K01/210.7 mi53, Castle Lane, Benfleet, Essex SS7 2AL2
£240K06/210.91 miFlat 4, Everglades, London Road, Hadleigh, Benfleet, Essex SS7 2ED2

Local Rents

23 rents from £950/mo to £1.8K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,45009/240.37 miSpringfield Hadleigh2
£1,69503/250.41 mi-2
£1,35004/240.48 mi-2
£1,35009/240.48 miHigh Street, Hadleigh, Benfleet, SS72
£1,10009/240.48 miLondon Road, Hadleigh, Benfleet, Essex, SS72
£1,50012/240.49 mi-2
£1,50009/240.58 miThe Residences, Rayleigh Road, SS72
£95009/240.64 miWilkinson Drop Oak Road South, Hadleigh2
£1,70009/240.65 miBeech Road, Hadleigh2
£1,00009/240.7 miLondon Road, Hadleigh2
£1,30009/240.73 miLondon Road, Hadleigh, Benfleet, Essex, SS72
£1,40009/240.74 miFlat 3, 335 London Road2
£1,10009/240.74 miCastle Gate, London Road, Hadleigh2
£1,35009/240.91 miRayleigh Road, SS72
£1,15009/240.93 miEverglades, London Road, Hadleigh2
£1,40009/240.98 miTower View, London Road, Hadleigh2
£1,60006/240.98 mi-2
£1,75009/240.98 miBenfleet Road, Benfleet, SS72
£1,40006/231.02 mi-2
£1,40006/231.02 mi-2
£1,60003/251.06 mi-2
£1,60003/251.06 mi-2
£1,30009/241.08 miWoodfield Road, Hadleigh2

Local Area Statistics

Population in SS7

49,121

Town centre distance

0.78 miles away

Nearest school

0.20 miles away

Nearest train station

2.10 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+6%

Sales demand

Balanced market

Capital growth (5yrs)

+16%

Property History

Price changed to £200,000

February 28, 2025

Price changed to £210,000

February 4, 2025

Price changed to £215,000

January 5, 2025

Listed for £200,000

January 1, 2025

Floor Plans

Description

  • Spacious Third-Floor Flat In Desirable Location +
  • Two Well-Proportioned Bedrooms And Generous Lounge +
  • Over 150 Years Remaining On Lease * Chane Free * +
  • Communal Garden And Allocated Parking For One Vehicle +
  • Ideal For First-Time Buyers Or Small Families +
  • Modern Kitchen And Contemporary Shower Room +
  • Close To Local Amenities, Schools, And Restaurants +
  • Excellent Transport Links To London Via A13 And A127 +
  • Early Viewing Highly Recommended To Avoid Disappointment +
  • Guide Price Between £200,000 And £220,000 +

Aspire Estate Agents proudly present this exceptional opportunity, with a guide price between £200,000 and £220,000. Nestled in a highly desirable location, this spacious third-floor flat offers modern living at its finest. Boasting two well-proportioned bedrooms, a generous lounge/dining area, a contemporary shower room, and a fully equipped kitchen, this home is perfect for a first-time buyer or a small family starting their journey.

The property also benefits from a communal garden and allocated parking for one vehicle, ensuring convenience and comfort. With over 150 years remaining on the lease, this is an investment you can rely on.

Conveniently located near local amenities, schools, restaurants, and excellent transport links to London via the A13 and A127, this home offers both practicality and ease. Early viewing is highly recommended to secure this fantastic property before it's gone!

Agent Details

Aspire Estate Agents, Benfleet

01268 203954

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪