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2 Bed Flat, Single Let, Benfleet, SS7 1AR, £160,000

Catherine Road, Benfleet, SS7 1AR - 2 months ago

Leasehold
BTL
ROI: 4%
~68 m²
+1 photos

ValuationUndervalued

Sold Prices£145K - £410K
Sold Prices/m²£1.7K/m² - £4.5K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.3K/m²

Value Estimate

£193,600
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£40,000

Stamp Duty & Legal Fees

£6,000

Total Cash In

£46,000

 

 

Cash Out

 

Rent Range

£850 - £1,750

Rent Estimate

£863

Running Costs/mo

£693

Cashflow/mo

£170

Cashflow/yr

£2,045

ROI

4%

Gross Yield

6%

Local Sold Prices

22 sold prices from £145K to £410K, average is £223.5K. £1.7K/m² to £4.5K/m², average is £3.6K/m².

PriceDateDistanceAddressBeds 
£232.5K01/240.38 mi143a, Chesterfield Avenue, Benfleet, Essex SS7 3HW2
£222K11/200.45 mi34, Kenneth Road, Benfleet, Essex SS7 3AT2
£410K06/210.46 mi174, Kimberley Road, Benfleet, Essex SS7 1DR2
£238.5K08/210.53 mi5b, Clarence Road, Benfleet, Essex SS7 1DE2
£170K02/240.63 miWillow Lodge, Flat 18, Hart Road, Thundersley, Benfleet, Essex SS7 3PQ2
£232K07/230.66 miFlat 8, Saxon Court, London Road, Benfleet, Essex SS7 4BY2
£145K08/230.66 miFlat 13, Saxon Court, London Road, Benfleet, Essex SS7 4BY2
£190K01/210.66 miFlat 18, Saxon Court, London Road, Benfleet, Essex SS7 4BY2
£207.5K12/230.66 miFlat 2, Saxon Court, London Road, Benfleet, Essex SS7 4BY2
£235K04/210.71 mi4d, Kennington Avenue, Benfleet, Essex SS7 4BS2
£225K09/230.73 miFlat 15, Lyndbourne Court, London Road, Benfleet, Essex SS7 5UG2
£210K10/200.75 mi18b, South View Road, Benfleet, Essex SS7 5NA2
£216.5K06/230.75 miFlat 1, Aston Place, Hart Road, Thundersley, Benfleet, Essex SS7 3PY2
£208K11/200.75 miFlat 8, Aston Place, Hart Road, Benfleet, Essex SS7 3PY2
£205K11/210.75 miFlat 14, Aston Place, Hart Road, Benfleet, Essex SS7 3PY2
£240K04/240.75 miAston Place, Flat 14, Hart Road, Thundersley, Benfleet, Essex SS7 3PY2
£173K11/230.82 mi225a, High Road, Benfleet, Essex SS7 5HZ2
£235K03/210.88 miFlat 13, Richmond Court, Richmond Avenue, Benfleet, Essex SS7 5EY2
£250K07/230.92 mi42a, London Road, Benfleet, Essex SS7 5TJ2
£230K02/210.92 mi42a, London Road, Benfleet, Essex SS7 5TJ2
£235K11/220.96 mi36, Merrivale, Benfleet, Essex SS7 5HH2
£202K05/210.96 mi18, Merrivale, Benfleet, Essex SS7 5HH2

Local Rents

35 rents from £850/mo to £1.8K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,43012/240.07 mi-2
£1,40003/250.07 mi-2
£1,30005/240.08 mi-2
£1,30009/240.08 miLondon Road, Benfleet, SS72
£1,40012/230.53 mi-2
£1,30009/240.63 mi-2
£1,35009/240.63 mi-2
£1,20004/240.63 mi-2
£1,10007/230.63 mi-2
£1,10006/230.63 mi-2
£87505/240.66 mi-2
£1,45009/240.67 miThundersley Park Road, Benfleet, SS7 1ET2
£85009/240.72 miManor Court, Benfleet2
£1,40005/230.73 mi-2
£1,50012/240.73 mi-2
£1,50012/240.73 mi-2
£1,50001/240.76 mi-2
£1,50002/240.76 mi-2
£1,55001/250.76 mi-2
£1,55003/250.76 mi-2
£1,25012/240.76 mi-2
£1,25012/240.76 mi-2
£1,25009/240.78 mi-2
£1,25006/240.78 mi-2
£1,20009/240.78 miHigh Road, Benfleet2
£1,10009/240.93 miLondon Road, Benfleet, SS72
£1,25009/240.94 miHall Farm Road, Benfleet, Essex, SS72
£1,20009/240.95 miMerrivale, Benfleet2
£1,69503/250.99 mi-2
£1,20009/240.99 miJotmans Lane, Benfleet2
£1,75009/241.01 miBenfleet Road, Benfleet, SS72
£1,25009/241.04 miBrook Road,Benfleet,SS72
£1,30009/241.15 miHigh Road, Benfleet2
£1,50009/241.2 miThe Residences, Rayleigh Road, SS72
£1,35009/241.23 miRayleigh Road, SS72

Links

Local Area Statistics

Population in SS7

49,121

Town centre distance

0.70 miles away

Nearest school

0.30 miles away

Nearest train station

1.36 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+6%

Sales demand

Balanced market

Capital growth (5yrs)

+16%

Property History

Listed for £160,000

January 30, 2025

Floor Plans

Description

  • Check Out 360 Tour +
  • Two Double Bedrooms +
  • Ready to Move Into +
  • Brand New Fitted Kitchen +
  • Brand New Bathroom +
  • Recently Refurbished +
  • Great for First Time Buyers +
  • Viewings Advised +
  • Guide Price £160,000-£170,000 +

###Guide Price £160,000-£170,000###

*Calling all FIRST TIME BUYERS and BUY TO LET INVESTORS*

Recently refurbished to a good standard is this WELL PRESENTED ground floor flat in a great location.

The property comprises of TWO DOUBLE bedrooms, lounge and brand new recently fitted bathroom and kitchen.

Don't Miss Out! Contact Fisks to arrange your viewing.

Material Information
Tenure: Leasehold
Lease Remaining: 49
Service Charge: tbc
Ground Rent: £25 per annum
Council Tax Band: B
Flood Risk: No and Low
Conservation Area: No
Electric: Yes
Gas: Yes
Water: Mains
Sewerage: Mains

Agent Details

Fisks Ltd, Benfleet

01268 203388

Next Steps?

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

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