2 Bed Flat, Single Let, Benfleet, SS7 5NA, £245,000

South View Road, South Benfleet, SS7 5NA - 1 views - a month ago

Leasehold
BTL
ROI: 3%
~68 m²
+10 photos

ValuationFair Value

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

 

 

Square Metres

~68.11 m²
Price/m²£3.6K/m²

Value Estimate

£240,784

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£61,250

Stamp Duty & Legal Fees

£13,450

Total Cash In

£74,700

 

 

Cash Out

 

Rent Range

£1,200 - £1,550

Rent Estimate

£1,200

Running Costs/mo

£1,026

Cashflow/mo

£174

Cashflow/yr

£2,093

ROI

3%

Gross Yield

6%

Local Sold Prices

33 sold prices from £145K to £410K, average is £220K. £1.7K/m² to £4.5K/m², average is £3.5K/m².

PriceDateDistanceAddressBeds 
£210K10/200.01 mi18b, South View Road, Benfleet, Essex SS7 5NA2
£235K03/210.2 miFlat 13, Richmond Court, Richmond Avenue, Benfleet, Essex SS7 5EY2
£235K11/220.21 mi36, Merrivale, Benfleet, Essex SS7 5HH2
£202K05/210.21 mi18, Merrivale, Benfleet, Essex SS7 5HH2
£410K06/210.31 mi174, Kimberley Road, Benfleet, Essex SS7 1DR2
£173K11/230.33 mi225a, High Road, Benfleet, Essex SS7 5HZ2
£238.5K08/210.37 mi5b, Clarence Road, Benfleet, Essex SS7 1DE2
£180K04/210.55 mi105a, High Road, Benfleet, Essex SS7 5LN2
£232K07/230.8 miFlat 8, Saxon Court, London Road, Benfleet, Essex SS7 4BY2
£145K08/230.8 miFlat 13, Saxon Court, London Road, Benfleet, Essex SS7 4BY2
£190K01/210.8 miFlat 18, Saxon Court, London Road, Benfleet, Essex SS7 4BY2
£207.5K12/230.8 miFlat 2, Saxon Court, London Road, Benfleet, Essex SS7 4BY2
£225K09/230.81 miFlat 15, Lyndbourne Court, London Road, Benfleet, Essex SS7 5UG2
£250K07/230.84 mi42a, London Road, Benfleet, Essex SS7 5TJ2
£230K02/210.84 mi42a, London Road, Benfleet, Essex SS7 5TJ2
£235K04/210.87 mi4d, Kennington Avenue, Benfleet, Essex SS7 4BS2
£226K03/240.87 mi107a, High Street, Benfleet, Essex SS7 1ND2
£185K02/230.91 miFlat 41, Lyndbourne Court, London Road, Benfleet, Essex SS7 5UG2
£232.5K01/241.04 mi143a, Chesterfield Avenue, Benfleet, Essex SS7 3HW2
£222K11/201.21 mi34, Kenneth Road, Benfleet, Essex SS7 3AT2
£220K08/211.27 mi20, Muirway, Benfleet, Essex SS7 4LS2
£170K02/241.39 miWillow Lodge, Flat 18, Hart Road, Thundersley, Benfleet, Essex SS7 3PQ2
£216.5K06/231.51 miFlat 1, Aston Place, Hart Road, Thundersley, Benfleet, Essex SS7 3PY2
£208K11/201.51 miFlat 8, Aston Place, Hart Road, Benfleet, Essex SS7 3PY2
£205K11/211.51 miFlat 14, Aston Place, Hart Road, Benfleet, Essex SS7 3PY2
£240K04/241.51 miAston Place, Flat 14, Hart Road, Thundersley, Benfleet, Essex SS7 3PY2
£225K10/201.65 mi12, Robins Path, Benfleet, Essex SS7 1FG2
£220K03/231.88 miFlat 41, Queens Lodge, Benfleet Road, Benfleet, Essex SS7 1NY2
£220K08/211.88 miFlat 38, Queens Lodge, Benfleet Road, Benfleet, Essex SS7 1NY2
£192.5K01/211.88 miFlat 39, Queens Lodge, Benfleet Road, Benfleet, Essex SS7 1NY2
£195K05/241.95 mi9, Ashworths, Canvey Island, Essex SS8 9RR2
£245K01/211.96 mi106a, Rayleigh Road, Thundersley, Benfleet, Essex SS7 3YS2
£213K07/232 miFlat 8, Badgers Rise, Sanders Road, Canvey Island, Essex SS8 9UN2

Local Rents

11 rents from £1.2K/mo to £1.6K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,20009/240.2 miMerrivale, Benfleet2
£1,20009/240.28 miJotmans Lane, Benfleet2
£1,20009/240.31 miHigh Road, Benfleet2
£1,45009/240.33 miThundersley Park Road, Benfleet, SS7 1ET2
£1,25009/240.41 miHall Farm Road, Benfleet, Essex, SS72
£1,25009/240.43 miBrook Road,Benfleet,SS72
£1,40012/230.56 mi-2
£1,50001/240.6 mi-2
£1,50002/240.6 mi-2
£1,55001/250.6 mi-2
£1,55003/250.6 mi-2

Local Area Statistics

Population in SS7

49,121

Town centre distance

1.40 miles away

Nearest school

0.30 miles away

Nearest train station

0.86 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+6%

Sales demand

Balanced market

Capital growth (5yrs)

+16%

Property History

Listed for £245,000

February 28, 2025

Floor Plans

Description

  • Two bedroom first floor flat +
  • Kitchen measuring 13' 9" +
  • Lounge measuring 15' 3" +
  • Two good sized bedrooms +
  • Balcony with steps down to shared garden +
  • Close proximity to High Road shops and just over a mile from Benfleet station +
  • Lease length approx. 147 years +
  • Ideal FIRST TIME BUY or BUY TO LET investment +
  • NO ONWARD CHAIN +
  • EPC rating - TBC. Our ref: 16210 +

We are pleased to offer for sale with NO ONWARD CHAIN, this two bedroom first floor flat situated in close proximity to High Road shops and amenities, and just over a mile from Benfleet station.

With a long lease of approx. 147 years, the property benefits from having a 13' 9" kitchen; 15' 3" lounge; two good sized bedrooms; balcony and shared gardens front and back, this property would make an ideal FIRST TIME BUY or BUY TO LET investment.

Accommodation comprises:

Entrance via double glazed door to communal hallway. Stairs to FIRST FLOOR. Personal entry door to: 

HALLWAY Skimmed ceiling. Wall lighting. Radiator. Laminate flooring. Solid oak doors to: 

LOUNGE 15' 3" x 12' 0" max. into bay (4.65m x 3.66m) Skimmed ceiling. Double glazed bay window to front aspect. Further double glazed window to front aspect. Feature cast iron fireplace. Radiator. Solid oak flooring. 

KITCHEN 13' 9" x 6' 3" (4.19m x 1.91m) Skimmed ceiling. Double glazed window to side aspect. Range of base and eye level units with roll edged working surfaces and tiled splashbacks. Inset stainless steel sink drainer. Space for cooker. Space for fridge/freezer. Space for washing machine. Wall mounted combi boiler (which we believe is 2-3 years old). Tiled floor. 

BEDROOM ONE 12' 8" x 11' 0" (3.86m x 3.35m) Skimmed ceiling. Double glazed window to rear aspect. Double glazed French style doors leading to BALCONY with steps down to REAR GARDEN. Fitted wardrobes. Radiator. Laminate flooring.  

BEDROOM TWO 12' 0" x 6' 4" (3.66m x 1.93m) Skimmed ceiling. Double glazed window to side aspect. Radiator. Laminate flooring. 

BATHROOM 6' 7" x 6' 1" (2.01m x 1.85m) Skimmed ceiling. Obscure uPVC double glazed window to rear aspect. Three piece suite comprising close coupled w/c, pedestal mounted hand wash basin and P-shaped bath with shower attachment. Part tiled walls. Radiator. 

OUTSIDE OF PROPERTY: To the FRONT of the property is a shared lawn area with pathway to front door.

The REAR GARDEN is shared with the flat downstairs and measures approx. 70'. Commences with patio leading to lawn area with various established trees and shrubs. Fencing to all boundaries.

Agent's Note:
Lease length approx. 147 years.
Service charge - £155.63 per half year (payable in March & September).
Ground rent - £15 per annum.
Buildings Insurance - £472.76 per annum.
Managing Agents are Hair & Son.

Agent Details

Williams and Donovan, Benfleet

01268 755252

Next Steps?

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