3 Bed Flat, Single Let, Benfleet, SS7 2AE, £190,000

Castle Lane, Hadleigh, Hadleigh, , SS7 2AE - 2 views - a month ago

Sold STC
Leasehold
BTL
ROI: 10%
~93 m²
+4 photos

ValuationUndervalued

Sold Prices£205K - £450K
Sold Prices/m²£2.8K/m² - £5K/m²

 

 

Square Metres

~93 m²
Price/m²£2K/m²

Value Estimate

£228,000
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£47,500

Stamp Duty & Legal Fees

£10,700

Total Cash In

£58,200

 

 

Cash Out

 

Rent Range

£1,250 - £2,250

Rent Estimate

£1,388

Running Costs/mo

£891

Cashflow/mo

£497

Cashflow/yr

£5,960

ROI

10%

Gross Yield

9%

Local Sold Prices

23 sold prices from £205K to £450K, average is £320K. £2.8K/m² to £5K/m², average is £4.1K/m².

PriceDateDistanceAddressBeds 
£205K03/210 miFlat 19, Castle Court, Castle Lane, Benfleet, Essex SS7 2AE3
£280K06/230.13 mi85a, High Street, Hadleigh, Benfleet, Essex SS7 2PA3
£387.5K11/230.7 mi106a, Olive Avenue, Leigh-on-sea, Southend-on-sea SS9 3QE3
£265K10/230.74 mi1889, London Road, Leigh-on-sea, Southend-on-sea SS9 2SY3
£355K03/231.4 mi151, Hadleigh Road, Leigh-on-sea, Southend-on-sea SS9 2LR3
£380K09/231.94 mi46, Station Road, Leigh-on-sea, Southend-on-sea SS9 1SU3
£250K01/211.99 miApartment 17, Manna Heights, London Road, Benfleet, Essex SS7 1AX3
£315K01/212.05 mi52a, Torquay Drive, Leigh-on-sea, Southend-on-sea SS9 1SE3
£327.5K12/202.07 mi30a, Torquay Drive, Leigh-on-sea, Southend-on-sea SS9 1SE3
£365K09/232.09 mi135a, Leigh Hall Road, Leigh-on-sea, Southend-on-sea SS9 1QY3
£337.5K02/212.1 mi135a, Leigh Hall Road, Leigh-on-sea, Southend-on-sea SS9 1QY3
£327.5K06/212.21 mi134, Pall Mall, Leigh-on-sea, Southend-on-sea SS9 1RA3
£295K05/212.26 mi130, Leigham Court Drive, Leigh-on-sea, Southend-on-sea SS9 1PU3
£285K05/212.27 mi21, Maurice Road, Canvey Island, Essex SS8 7JL3
£450K02/212.29 mi362, High Road, Benfleet, Essex SS7 5HP3
£343.5K06/212.32 mi86, Grove Road, Rayleigh, Essex SS6 8PS3
£270K05/212.35 mi31, Maple Avenue, Leigh-on-sea, Southend-on-sea SS9 1PR3
£295K08/212.41 mi65, Barrymore Walk, Rayleigh, Essex SS6 8YJ3
£265K08/212.42 mi82, Lord Roberts Avenue, Leigh-on-sea, Southend-on-sea SS9 1NE3
£328.5K06/212.45 mi7a, Carlton Drive, Leigh-on-sea, Southend-on-sea SS9 1DE3
£320K06/212.66 mi10, Meadway, Canvey Island, Essex SS8 7DJ3
£380K01/232.69 mi102, Beach Avenue, Leigh-on-sea, Southend-on-sea SS9 1HB3
£280K08/232.8 mi21, Martyns Grove, Westcliff-on-sea, Southend-on-sea SS0 9XX3

Local Rents

13 rents from £1.3K/mo to £2.3K/mo, average is £1.6K/mo.

RentDateDistanceAddressBeds 
£1,35006/230.15 mi-3
£1,35006/230.15 mi-3
£1,70009/240.29 miNew Road, Benfleet3
£1,55009/240.58 miSpringfield, Benfleet3
£2,25004/240.66 mi-3
£1,25008/230.7 mi-3
£1,45009/240.83 miPendlestone, Thundersley, Essex3
£1,55009/240.83 miPendlestone, Benfleet3
£1,60009/240.94 mi-3
£1,70005/240.94 mi-3
£1,80009/240.95 miKiln Road, Benfleet3
£1,82509/241.23 miWestern Road, Leigh On Sea3
£2,20011/241.24 mi-3

Local Area Statistics

Population in SS7

49,121

Town centre distance

1.40 miles away

Nearest school

0.20 miles away

Nearest train station

1.50 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+6%

Sales demand

Balanced market

Capital growth (5yrs)

+16%

Property History

Listed for £190,000

March 6, 2025

Description

  • 3 Bedrooms +
  • 2nd Floor +
  • Garage +
  • Parking +
  • Walk to Hadleigh Castle +
  • Town centre location +
  • Walk to shops +
  • Walk to all bus routes +
  • Chain free +
  • Very spacious +

LARGE APARTMENT: Castle Estate Agents are pleased to offer FOR SALE this 2nd floor 3 BEDROOM apartment benefiting from a GARAGE, PARKING, communal gardens, SHED and being very spacious, set in this ideally located block just off the High road in Hadleigh being within easy walking distance to HADLEIGH CASTLE, local shops and bus routes and OFFERED CHAIN FREE. CALL NOW AND BE THE FIRST TO VIEW.

Front aspect
Secure communal door to front and rear aspect with entry phone system, stairs leading to 2nd floor and own front door.

Inner hallway
Doors to all rooms, radiator, 3 x storage cupboards, power points, coving.

Lounge (15' 3" by 11' 4" (4m 65cm by 3m 45cm), ())
Double glazed windows to front aspect, radiator, power points, telephone point, coving.

Kitchen (12' by 7' 4" (3m 66cm by 2m 24cm), ())
Double glazed window to front aspect, eye level and base level units, roll top work surfaces, enamel 1 1/4 bowl sink and single drainer with mixer taps, Tiled flooring, built in 4 ring gas hob with under oven and over extractor fan, tiled splash backs, power points, coving, radiator, space for fridge freezer and washing machine.

Bedroom 1 (13' by 9' 8" (3m 96cm by 2m 95cm), ())
Double glazed window to the rear aspect, power points, tv point, radiator, coving, fitted wardrobes.

Bedroom 2 (12' 12" by 9' 8" (3m 96cm by 2m 95cm), ())
Double glazed window to the rear aspect, power points, tv point, radiator, coving, fitted wardrobes.

Bedroom 3 (9' 8" by 7' 5" (2m 95cm by 2m 26cm), ())
Double glazed window to the rear aspect, power points, tv point, radiator, coving.

Bathroom
2 piece White suit comprising of a hand wash basin and panel enclosed bath with mixer taps and shower attachments, frosted window to the front aspect, radiator, tiled splash backs, coving.

Seperate wc
White low level flush toilet, radiator, double glazed frosted window to the front aspect.

Rear gardens
Ample communal gardens, own shed, own garage with up and over door and parking in front.

Agent Details

Castle Estate Agents, Leigh-On-Sea

01702 967811

Next Steps?

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