2 Bed Flat, Refurb/BRRR, Benfleet, SS7 2AE, £185,000

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

Sold STC
Leasehold
Refurb/BRRR
Planning
ROI: 2%
~68 m²
+3 photos

ValuationUndervalued

Sold Prices£120K - £450K
Sold Prices/m²£1.6K/m² - £4.8K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.7K/m²

Value Estimate

£190,550
BMV3%

 

 

End Value (After Refurb)

£297,350

Uplift in Value

+61%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£46,250

Stamp Duty & Legal Fees

£10,450

Refurb Costs

£33,336

Bridging Loan Interest

£4,856

Total Cash In

£96,643

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£297,350

Agent Fees (1%)

£2,974

Bridging Loan

£138,750

Bridging Loan Interest

£4,856

Flip Profit

£58,984

Local Sold Prices

33 sold prices from £120K to £450K, average is £220K. £1.6K/m² to £4.8K/m², average is £3.1K/m².

PriceDateDistanceAddressBeds 
£190K03/210 miFlat 3, Castle Court, Castle Lane, Benfleet, Essex SS7 2AE2
£237.5K10/230.02 miFlat 4, Steeple Gate, Castle Lane, Benfleet, Essex SS7 2AF2
£238.5K05/210.02 miFlat 3, Steeple Gate, Castle Lane, Benfleet, Essex SS7 2AF2
£222K10/230.03 miFlat 48, Wilkinson Drop, Oak Road South, Benfleet, Essex SS7 2BG2
£230K07/230.03 miFlat 43, Wilkinson Drop, Oak Road South, Benfleet, Essex SS7 2BG2
£205K04/210.03 miFlat 53, Wilkinson Drop, Oak Road South, Benfleet, Essex SS7 2BG2
£238K10/230.03 miWilkinson Drop, Flat 27, Oak Road South, Benfleet, Essex SS7 2BG2
£240K11/220.03 miFlat 55, Wilkinson Drop, Oak Road South, Benfleet, Essex SS7 2BG2
£237.5K01/230.08 miFlat 69, Wilkinson Drop, Oak Road South, Benfleet, Essex SS7 2BG2
£225K01/210.1 mi53, Castle Lane, Benfleet, Essex SS7 2AL2
£185K01/210.11 miFlat 1, Everglades, London Road, Hadleigh, Benfleet, Essex SS7 2ED2
£250K08/210.2 mi16a, The Avenue, Benfleet, Essex SS7 2DL2
£220K09/230.24 mi59, Templewood Court, Benfleet, Essex SS7 2RH2
£185K06/210.24 mi45, Templewood Court, Benfleet, Essex SS7 2RH2
£190K04/210.24 mi60, Templewood Court, Benfleet, Essex SS7 2RH2
£185K06/210.24 mi45, Templewood Court, Benfleet, Essex SS7 2RH2
£120K03/240.24 mi54, Templewood Court, Benfleet, Essex SS7 2RH2
£258.5K10/230.25 miFlat B, The Laurels, Templewood Court, Benfleet, Essex SS7 2RQ2
£205K04/210.25 mi1, Templewood Court, Benfleet, Essex SS7 2RQ2
£240K06/210.33 miFlat 4, Everglades, London Road, Hadleigh, Benfleet, Essex SS7 2ED2
£199.9K06/210.46 miApartment 20, Aragon Court, Church Road, Hadleigh, Benfleet, Essex SS7 2GB2
£257.5K08/230.47 mi623, London Road, Hadleigh, Benfleet, Essex SS7 2EB2
£186.5K01/210.48 mi623a, London Road, Hadleigh, Benfleet, Essex SS7 2EB2
£170K01/230.48 mi585, London Road, Hadleigh, Benfleet, Essex SS7 2EB2
£220K03/230.53 miFlat 41, Queens Lodge, Benfleet Road, Benfleet, Essex SS7 1NY2
£220K08/210.53 miFlat 38, Queens Lodge, Benfleet Road, Benfleet, Essex SS7 1NY2
£192.5K01/210.53 miFlat 39, Queens Lodge, Benfleet Road, Benfleet, Essex SS7 1NY2
£450K04/210.64 mi200, Scrub Lane, Benfleet, Essex SS7 2JW2
£245K01/210.8 mi106a, Rayleigh Road, Thundersley, Benfleet, Essex SS7 3YS2
£220K09/210.98 mi1480c, London Road, Leigh-on-sea, Southend-on-sea SS9 2UR2
£195K11/200.98 mi1480a, London Road, Leigh-on-sea, Southend-on-sea SS9 2UR2
£275K12/200.98 mi1486a, London Road, Leigh-on-sea, Southend-on-sea SS9 2UR2
£275K05/210.98 mi1486c, London Road, Leigh-on-sea, Southend-on-sea SS9 2UR2

Local Rents

19 rents from £950/mo to £1.7K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£95009/240.03 miWilkinson Drop Oak Road South, Hadleigh2
£1,70009/240.05 miBeech Road, Hadleigh2
£1,00009/240.13 miLondon Road, Hadleigh2
£1,50001/250.14 mi-2
£1,10009/240.14 miCastle Gate, London Road, Hadleigh2
£1,30009/240.15 miLondon Road, Hadleigh, Benfleet, Essex, SS72
£1,35004/240.15 mi-2
£1,35009/240.15 miHigh Street, Hadleigh, Benfleet, SS72
£1,40009/240.16 miFlat 3, 335 London Road2
£1,10009/240.16 miLondon Road, Hadleigh, Benfleet, Essex, SS72
£1,15009/240.34 miEverglades, London Road, Hadleigh2
£1,40009/240.4 miTower View, London Road, Hadleigh2
£1,60006/240.42 mi-2
£1,40006/230.47 mi-2
£1,40006/230.47 mi-2
£1,60003/250.49 mi-2
£1,60003/250.49 mi-2
£1,30009/240.56 miWoodfield Road, Hadleigh2
£1,45009/240.59 miSpringfield Hadleigh2

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 £185,000

March 8, 2025

Floor Plans

Description

  • Vacant 2 Bedroom Ground Floor Flat +
  • No Onward Chain +
  • Needing Modernisation +
  • Prime Hadleigh Location +
  • Stones Throw From Town Centre +
  • Walking Distance To Hadleigh Castle +
  • Excellent School Catchments +
  • Spacious Accommodation +
  • Garage In Block +
  • Viewings Advised +

Offered with no onward chain in this popular location within the heart of Hadleigh, is this spacious two bedroom ground floor flat. Having large lounge/diner, kitchen, four piece bathroom suite and generous size bedrooms together with communal gardens and a garage within a block. Needing some general modernisation throughout which we feel has been reflected within the price.

Located steps away from Hadleigh Town Centre with its array of shops, amenities, supermarkets and cafe’s whilst also having the historic castle a short stroll away. Local transport links via bus routes, trunk roads and mainline stations are within easy access, local woods and Hadleigh Country Park are also nearby. Excellent local schools are also within easy reach, the property being within the Hadleigh Infant/Junior and King John school catchments. Call now to book your viewing!

Vacant Two Bedroom Ground Floor Flat

No Onward Chain

Spacious Accommodation

Lounge/Diner

Kitchen

Four Piece Bathroom Suite

Generous Size Bedrooms

Gas Central Heating Via Combination Boiler

Garage In A Block

Communal Gardens

Stones Throw From Hadleigh Town Centre

Hadleigh Infant/Junior & King John School Catchments

Close To Hadleigh Castle

Communal entrance door opening to communal hallway, private entrance door to:

Entrance Hall Fitted carpet, radiator, storage cupboard, further cupboard housing meters and consumer unit, doors to accommodation off:

Lounge/Diner 15’2 x 11’4 UPVC double glazed window to front, fitted carpet, radiator, power points.

Kitchen 11’10 x 7’2 Double bowl sink and drainer unit inset into work tops with cupboards and drawers beneath and matching eye level units, integrated oven, inset four ring electric hob with extractor over, wall mounted combination boiler, UPVC double glazed window to front, space and plumbing for washing machine, laminate flooring, tiled splashback, power points.

Bedroom One 14’10 x 9’9 UPVC double glazed window to rear, fitted carpet, radiator, power points.

Bedroom Two 12’3 x 9’9 UPVC double glazed window to rear, fitted carpet, radiator, power points.

Bathroom 9’3 x 8’1 Four piece suite comprising corner panelled bath, shower cubicle with shower over, push button W.C., pedestal wash basin with chrome mixer tap, tiled walls and flooring, UPVC obscure double glazed windows to front, heated towel radiator, inset spot lights.

Outside & Garage The property benefits from communal gardens to the rear of the block with own storage unit as well has a garage situated within a block.

Lease Info 125 years from 25 December 1984 therefore approx. 84 years remaining.

PLEASE NOTE:-

We recommend our customers use our panel of Conveyancers/Solicitors. It is your decision whether you choose to deal with our recommendation, and you are under no obligation to do so. You should know that we may receive a referral fee of £150 to £200 per transaction from them. Should you arrange a Mortgage through our recommended mortgage advisor, again of which there is no obligation we will receive a commission fee. The amount of commission will depend on the size of the loan and any associated products that you decide to take. The Consumer Protection from Unfair Trading Regulations 2008 (CPRs). These details are for guidance only and complete accuracy cannot be guaranteed. If there is any point, which is of particular importance, verification should be obtained. They do not constitute a contract or part of a contract. All measurements are approximate. No guarantee can be given with regard to planning permissions or fitness for purpose. No apparatus, equipment, fixture or fitting has been tested. Items shown in photographs are NOT necessarily included. Interested Parties are advised to check availability and make an appointment to view before travelling to see a property.

Agent Details

Amos Estates, Hadleigh

01702 555888

Next Steps?

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