2 Bed Flat, Cash/Bridging Only, Benfleet, SS7 5UG, £165,000

London Road, Benfleet, SS7 5UG - 1 views - 2 months ago

Leasehold
Cash
ROI: 5%
~51 m²
+5 photos

ValuationUndervalued

Sold Prices£99K - £410K
Sold Prices/m²£1.6K/m² - £5.6K/m²

 

 

Square Metres

~50.90 m²
Price/m²£3.2K/m²

Value Estimate

£169,950
BMV3%

 

 

End Value (After Refurb)

£201,845

Uplift in Value

+22%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£41,250

Stamp Duty & Legal Fees

£9,450

Refurb Costs

£24,913

Bridging Loan Interest

£4,331

Total Cash In

£81,694

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£201,845

Mortgage (After Refinance)

£151,384

Mortgage LTV

75%

Cash Released

£27,634

Cash Left In

£54,060

Equity

£50,461

Rent Range

£850 - £1,550

Rent Estimate

£1,278

Running Costs/mo

£906

Cashflow/mo

£372

Cashflow/yr

£4,460

ROI

5%

Gross Yield

9%

Local Sold Prices

51 sold prices from £99K to £410K, average is £210K. £1.6K/m² to £5.6K/m², average is £3.5K/m².

PriceDateDistanceAddressBeds 
£225K09/230.01 miFlat 15, Lyndbourne Court, London Road, Benfleet, Essex SS7 5UG2
£190K01/210.07 miFlat 18, Saxon Court, London Road, Benfleet, Essex SS7 4BY2
£232K07/230.07 miFlat 8, Saxon Court, London Road, Benfleet, Essex SS7 4BY2
£145K08/230.07 miFlat 13, Saxon Court, London Road, Benfleet, Essex SS7 4BY2
£207.5K12/230.07 miFlat 2, Saxon Court, London Road, Benfleet, Essex SS7 4BY2
£235K04/210.09 mi4d, Kennington Avenue, Benfleet, Essex SS7 4BS2
£230K02/210.21 mi42a, London Road, Benfleet, Essex SS7 5TJ2
£250K07/230.21 mi42a, London Road, Benfleet, Essex SS7 5TJ2
£185K02/230.3 miFlat 41, Lyndbourne Court, London Road, Benfleet, Essex SS7 5UG2
£220K08/210.47 mi20, Muirway, Benfleet, Essex SS7 4LS2
£232.5K01/240.64 mi143a, Chesterfield Avenue, Benfleet, Essex SS7 3HW2
£410K06/210.75 mi174, Kimberley Road, Benfleet, Essex SS7 1DR2
£210K10/200.79 mi18b, South View Road, Benfleet, Essex SS7 5NA2
£238.5K08/210.91 mi5b, Clarence Road, Benfleet, Essex SS7 1DE2
£202K05/210.98 mi18, Merrivale, Benfleet, Essex SS7 5HH2
£235K11/220.98 mi36, Merrivale, Benfleet, Essex SS7 5HH2
£222K11/201 mi34, Kenneth Road, Benfleet, Essex SS7 3AT2
£235K03/211 miFlat 13, Richmond Court, Richmond Avenue, Benfleet, Essex SS7 5EY2
£173K11/231.08 mi225a, High Road, Benfleet, Essex SS7 5HZ2
£170K02/241.19 miWillow Lodge, Flat 18, Hart Road, Thundersley, Benfleet, Essex SS7 3PQ2
£208K11/201.28 miFlat 8, Aston Place, Hart Road, Benfleet, Essex SS7 3PY2
£205K11/211.28 miFlat 14, Aston Place, Hart Road, Benfleet, Essex SS7 3PY2
£216.5K06/231.28 miFlat 1, Aston Place, Hart Road, Thundersley, Benfleet, Essex SS7 3PY2
£240K04/241.28 miAston Place, Flat 14, Hart Road, Thundersley, Benfleet, Essex SS7 3PY2
£180K04/211.32 mi105a, High Road, Benfleet, Essex SS7 5LN2
£212.5K04/211.64 mi28, Crown Avenue, Pitsea, Basildon, Essex SS13 2BE2
£226K03/241.66 mi107a, High Street, Benfleet, Essex SS7 1ND2
£245K08/231.67 mi29, Lenham Way, Pitsea, Basildon, Essex SS13 2NT2
£225K10/201.72 mi12, Robins Path, Benfleet, Essex SS7 1FG2
£110K02/211.84 mi6, Vermont Close, Basildon, Essex SS13 1BH2
£150K06/211.84 mi8, Vermont Close, Basildon, Essex SS13 1BH2
£210K11/231.84 mi32, Vermont Close, Basildon, Essex SS13 1BH2
£110K04/211.87 mi2, Riffams Drive, Basildon, Essex SS13 1BG2
£176.3K01/231.87 mi5, Riffams Drive, Basildon, Essex SS13 1BG2
£250K09/221.88 mi4, Riffams Drive, Basildon, Essex SS13 1BG2
£192.5K11/201.88 mi4, Riffams Drive, Basildon, Essex SS13 1BG2
£210K11/221.88 mi32, Brackendale Court, Basildon, Essex SS13 3JR2
£99K06/211.93 mi60, Fairfax Avenue, Basildon, Essex SS13 1AZ2
£162.5K07/231.93 mi22, Fairfax Avenue, Basildon, Essex SS13 1AZ2
£162.5K07/231.93 mi22, Fairfax Avenue, Basildon, Essex SS13 1AZ2
£118K12/221.95 mi87, Fairfax Avenue, Basildon, Essex SS13 1AY2
£250K09/231.95 mi25, Fairfax Avenue, Basildon, Essex SS13 1AY2
£228K05/211.95 mi7, Charleston Avenue, Basildon, Essex SS13 1TD2
£247.8K09/231.95 mi7, Charleston Avenue, Basildon, Essex SS13 1TD2
£210K11/201.96 mi35, Shirley Gardens, Basildon, Essex SS13 1BA2
£105K03/211.96 mi37, Shirley Gardens, Basildon, Essex SS13 1BA2
£226.5K06/231.96 mi38, Shirley Gardens, Basildon, Essex SS13 1BA2
£310K03/231.98 mi20, Charleston Avenue, Basildon, Essex SS13 1JH2
£186K10/201.99 mi6, Charleston Avenue, Basildon, Essex SS13 1JH2
£190K02/212 mi7, Calvert Drive, Basildon, Essex SS13 1TB2
£195K06/232 mi27, Calvert Drive, Basildon, Essex SS13 1TB2

Local Rents

20 rents from £850/mo to £1.6K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,25012/240.04 mi-2
£1,25012/240.04 mi-2
£1,25009/240.08 mi-2
£1,25006/240.08 mi-2
£87505/240.08 mi-2
£1,30009/240.12 mi-2
£1,35009/240.12 mi-2
£1,20004/240.12 mi-2
£1,10007/230.12 mi-2
£1,10006/230.12 mi-2
£1,40005/230.15 mi-2
£1,50012/240.15 mi-2
£1,50012/240.15 mi-2
£1,10009/240.22 miLondon Road, Benfleet, SS72
£1,50001/240.25 mi-2
£1,50002/240.25 mi-2
£1,55001/250.25 mi-2
£1,55003/250.25 mi-2
£1,40012/230.27 mi-2
£85009/240.44 miManor Court, Benfleet2

Local Area Statistics

Population in SS7

49,121

Town centre distance

1.37 miles away

Nearest school

0.30 miles away

Nearest train station

1.66 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+6%

Sales demand

Balanced market

Capital growth (5yrs)

+16%

Property History

Listed for £165,000

February 3, 2025

Floor Plans

Description

  • Calling Investors - Can Be Sold With Tenant In Situ +
  • Cash Buyers Only - 66 Years Remaining On Lease +
  • Ground Floor Apartment +
  • Two Bedrooms +
  • Good Condition Throughout +
  • Close To Main Roads and Major Bus Route +
  • Tarpots Location +
  • Tax Band B +

Located on the London Road in Benfleet, this ground floor apartment presents an exciting opportunity for investors. With two bedrooms and one bathroom, the property is in good condition throughout and can be sold with a tenant already in place, making it an attractive option for those looking to expand their portfolio. The lease has 66 years remaining, and as a cash buyer, you can take advantage of this affordable investment.

The Tarpots area offers a variety of local amenities, enhancing the convenience of living here. This property falls within Tax Band B, which could be beneficial for cost-conscious buyers.

Don't miss out on securing this affordable and well-located apartment in Benfleet—contact us today to learn more about this promising investment.

Material Information
Tenure: Leasehold
Lease Remaining: 64
Service Charge: £120pcm
Ground Rent: £75pa
Council Tax Band: B
Flood Risk: Low and Very Low
Conservation Area: No
Electric: Yes
Gas: No
Water: Mains
Sewage: Mains

Agent Details

Fisks Ltd, Benfleet

01268 203388

Next Steps?

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