2 Bed Flat, Refurb/BRRR, Benfleet, SS7 5TL, £180,000

32-36 London Road, Benfleet, Essex, SS7 5TL - 23 days ago

Leasehold
Refurb/BRRR
Planning
ROI: 7%
45 m²
+6 photos

ValuationOvervalued

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

 

 

Square Metres

45 m²
Price/m²£4K/m²

Value Estimate

£145,476

 

 

End Value (After Refurb)

£175,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£45,000

Stamp Duty & Legal Fees

£11,300

Refurb Costs

£22,025

Bridging Loan Interest

£4,725

Total Cash In

£84,800

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£175,000

Mortgage (After Refinance)

£131,250

Mortgage LTV

75%

Cash Left In

£84,800

Equity

£43,750

Rent Range

£875 - £1,550

Rent Estimate

£1,299

Running Costs/mo

£827

Cashflow/mo

£472

Cashflow/yr

£5,668

ROI

7%

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 
£185K02/230.03 miFlat 41, Lyndbourne Court, London Road, Benfleet, Essex SS7 5UG2
£230K02/210.09 mi42a, London Road, Benfleet, Essex SS7 5TJ2
£250K07/230.09 mi42a, London Road, Benfleet, Essex SS7 5TJ2
£225K09/230.3 miFlat 15, Lyndbourne Court, London Road, Benfleet, Essex SS7 5UG2
£235K04/210.36 mi4d, Kennington Avenue, Benfleet, Essex SS7 4BS2
£190K01/210.37 miFlat 18, Saxon Court, London Road, Benfleet, Essex SS7 4BY2
£232K07/230.37 miFlat 8, Saxon Court, London Road, Benfleet, Essex SS7 4BY2
£145K08/230.37 miFlat 13, Saxon Court, London Road, Benfleet, Essex SS7 4BY2
£207.5K12/230.37 miFlat 2, Saxon Court, London Road, Benfleet, Essex SS7 4BY2
£220K08/210.49 mi20, Muirway, Benfleet, Essex SS7 4LS2
£210K10/200.87 mi18b, South View Road, Benfleet, Essex SS7 5NA2
£232.5K01/240.93 mi143a, Chesterfield Avenue, Benfleet, Essex SS7 3HW2
£410K06/210.93 mi174, Kimberley Road, Benfleet, Essex SS7 1DR2
£202K05/211.02 mi18, Merrivale, Benfleet, Essex SS7 5HH2
£235K11/221.02 mi36, Merrivale, Benfleet, Essex SS7 5HH2
£235K03/211.07 miFlat 13, Richmond Court, Richmond Avenue, Benfleet, Essex SS7 5EY2
£238.5K08/211.09 mi5b, Clarence Road, Benfleet, Essex SS7 1DE2
£173K11/231.2 mi225a, High Road, Benfleet, Essex SS7 5HZ2
£222K11/201.3 mi34, Kenneth Road, Benfleet, Essex SS7 3AT2
£212.5K04/211.36 mi28, Crown Avenue, Pitsea, Basildon, Essex SS13 2BE2
£245K08/231.38 mi29, Lenham Way, Pitsea, Basildon, Essex SS13 2NT2
£180K04/211.43 mi105a, High Road, Benfleet, Essex SS7 5LN2
£170K02/241.49 miWillow Lodge, Flat 18, Hart Road, Thundersley, Benfleet, Essex SS7 3PQ2
£208K11/201.58 miFlat 8, Aston Place, Hart Road, Benfleet, Essex SS7 3PY2
£205K11/211.58 miFlat 14, Aston Place, Hart Road, Benfleet, Essex SS7 3PY2
£216.5K06/231.58 miFlat 1, Aston Place, Hart Road, Thundersley, Benfleet, Essex SS7 3PY2
£240K04/241.58 miAston Place, Flat 14, Hart Road, Thundersley, Benfleet, Essex SS7 3PY2
£210K11/221.58 mi32, Brackendale Court, Basildon, Essex SS13 3JR2
£110K02/211.59 mi6, Vermont Close, Basildon, Essex SS13 1BH2
£150K06/211.59 mi8, Vermont Close, Basildon, Essex SS13 1BH2
£210K11/231.59 mi32, Vermont Close, Basildon, Essex SS13 1BH2
£110K04/211.62 mi2, Riffams Drive, Basildon, Essex SS13 1BG2
£176.3K01/231.62 mi5, Riffams Drive, Basildon, Essex SS13 1BG2
£250K09/221.63 mi4, Riffams Drive, Basildon, Essex SS13 1BG2
£192.5K11/201.63 mi4, Riffams Drive, Basildon, Essex SS13 1BG2
£99K06/211.68 mi60, Fairfax Avenue, Basildon, Essex SS13 1AZ2
£162.5K07/231.68 mi22, Fairfax Avenue, Basildon, Essex SS13 1AZ2
£162.5K07/231.68 mi22, Fairfax Avenue, Basildon, Essex SS13 1AZ2
£118K12/221.7 mi87, Fairfax Avenue, Basildon, Essex SS13 1AY2
£250K09/231.7 mi25, Fairfax Avenue, Basildon, Essex SS13 1AY2
£192K09/221.7 mi18, Edinburgh Way, Pitsea, Basildon, Essex SS13 3RL2
£210K11/201.71 mi35, Shirley Gardens, Basildon, Essex SS13 1BA2
£105K03/211.71 mi37, Shirley Gardens, Basildon, Essex SS13 1BA2
£226.5K06/231.71 mi38, Shirley Gardens, Basildon, Essex SS13 1BA2
£228K05/211.72 mi7, Charleston Avenue, Basildon, Essex SS13 1TD2
£247.8K09/231.72 mi7, Charleston Avenue, Basildon, Essex SS13 1TD2
£310K03/231.74 mi20, Charleston Avenue, Basildon, Essex SS13 1JH2
£226K03/241.75 mi107a, High Street, Benfleet, Essex SS7 1ND2
£186K10/201.75 mi6, Charleston Avenue, Basildon, Essex SS13 1JH2
£190K02/211.76 mi7, Calvert Drive, Basildon, Essex SS13 1TB2
£195K06/231.76 mi27, Calvert Drive, Basildon, Essex SS13 1TB2

Local Rents

19 rents from £875/mo to £1.6K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,10009/240.08 miLondon Road, Benfleet, SS72
£1,25012/240.26 mi-2
£1,25012/240.26 mi-2
£1,40005/230.28 mi-2
£1,50012/240.28 mi-2
£1,50012/240.28 mi-2
£1,25009/240.28 mi-2
£1,25006/240.28 mi-2
£1,50001/240.3 mi-2
£1,50002/240.3 mi-2
£1,55001/250.3 mi-2
£1,55003/250.3 mi-2
£87505/240.38 mi-2
£1,30009/240.41 mi-2
£1,35009/240.41 mi-2
£1,20004/240.41 mi-2
£1,10007/230.41 mi-2
£1,10006/230.41 mi-2
£1,40012/230.49 mi-2

Local Area Statistics

Population in SS7

49,121

Town centre distance

1.67 miles away

Nearest school

0.30 miles away

Nearest train station

1.74 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+6%

Sales demand

Balanced market

Capital growth (5yrs)

+16%

Property History

Price changed to £180,000

April 1, 2025

Listed for £190,000

March 10, 2025

Floor Plans

Description

  • O.I.E.O £180,000 +
  • No Onward Chain +
  • Needing Refurbishment +
  • Spacious Two Bedroom Ground Floor Flat +
  • Upvc Double Glazing Throughout +
  • Allocated Parking Space +
  • Own Private Entrance Door +
  • Close To Transport Links +
  • Excellent Schools Nearby +
  • Viewings Advised +

* O.I.E.O. £180,000*

Offered with no onward chain is this spacious two bedroom ground floor flat which although needs some general refurbishment, provides a blank canvas for anyone looking to put their stamp on their new home. Having large lounge/diner, kitchen, generous size bedrooms and three piece bathroom suite together with allocated parking space, further visitor spaces and own private entrance door. Also benefiting from upvc double glazing throughout.

Situated in a convenient location within easy access of major trunk roads, bus routes and Benfleet mainline station with direct links into London Fenchurch Street whilst also having excellent local schools nearby, the property being within the Appleton school catchment. Local amenities, shops and supermarkets are also within walking distance, call now to book your viewing.

/ Spacious Two Bedroom Ground Floor Flat

/ No Onward Chain

/ Needing General Modernisation

/ Large Lounge/Diner

/ Good Size Bedrooms

/ Own Private Entrance Door

/ Allocated Parking Space

/ Upvc Double Glazing Throughout

/ Excellent Potential

/ Large Communal Garden

/ Appleton School Catchment

/ Close To Transport Links

/ Walking Distance To Local Shops & Supermarkets

/ Popular Development

/ Viewings Advised

Own private entrance door opening to:

Entrance Hall Electric radiator, power points, cupboard with shelving, further cupboard housing immersion tank, doors to accommodation off.

Lounge/Diner 18’4 x 11’ Upvc double glazed window to rear, electric radiator, power points, T.V point.

Kitchen 7’3 x 6’4 Stainless steel sink and drainer unit inset into range of roll edge worktops with cupboards and drawers beneath and matching eye level units, space and plumbing for washing machine, space for cooker, space for tall fridge/freezer, upvc double glazed window to side, power points.

Bedroom One 10’10 x 10’ Upvc double glazed window to rear, electric radiator, power points.

Bedroom Two 9’8 x 6’11 Upvc double glazed window to side, power points.

Bathroom Three piece suite comprising panelled bath with shower over, pedestal wash basin, low flush w.c, mostly tiled walls, extractor.

Outside & Parking The development benefits from large communal garden mainly laid to established lawn and own allocated parking space along with further visitor spaces.

Lease Info 125 years from 25 March 1994 therefore approx. 94 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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