2 Bed Flat, Single Let, Benfleet, SS7 2PB, £210,000

8 Homestead Court, High Street, Hadleigh, Benfleet, SS7 2PB - 11 days ago

Sold STC

BTL

ROI: 3%

61 m²

+1 photos

ValuationOvervalued

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

Square Metres	61 m²
Price/m²	£3.4K/m²
Value Estimate	£193,836£193,836

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£52,500£52,500
Stamp Duty & Legal Fees	£11,700£11,700
Total Cash In	£64,200£64,200

Cash Out
Rent Range	£950 - £1,700£950 - £1,700
Rent Estimate	£1,075
Running Costs/mo	£891£891
Cashflow/mo	£184£184
Cashflow/yr	£2,205£2,205
ROI	3%3%
Gross Yield	6%6%

Local Sold Prices

30 sold prices from £120K to £450K, average is £221K. £1.6K/m² to £4.8K/m², average is £3.2K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£220K	09/23	0.11 mi	59, Templewood Court, Benfleet, Essex SS7 2RH	£3,107	71	2	Flat
£185K	06/21	0.11 mi	45, Templewood Court, Benfleet, Essex SS7 2RH	-	-	2	Flat
£190K	04/21	0.11 mi	60, Templewood Court, Benfleet, Essex SS7 2RH	-	-	2	Flat
£185K	06/21	0.11 mi	45, Templewood Court, Benfleet, Essex SS7 2RH	-	-	2	Flat
£120K	03/24	0.11 mi	54, Templewood Court, Benfleet, Essex SS7 2RH	£1,593	75	2	Flat
£237.5K	10/23	0.14 mi	Flat 4, Steeple Gate, Castle Lane, Benfleet, Essex SS7 2AF	-	-	2	Flat
£238.5K	05/21	0.14 mi	Flat 3, Steeple Gate, Castle Lane, Benfleet, Essex SS7 2AF	-	-	2	Flat
£258.5K	10/23	0.15 mi	Flat B, The Laurels, Templewood Court, Benfleet, Essex SS7 2RQ	-	-	2	Flat
£205K	04/21	0.16 mi	1, Templewood Court, Benfleet, Essex SS7 2RQ	£2,770	74	2	Flat
£190K	03/21	0.16 mi	Flat 3, Castle Court, Castle Lane, Benfleet, Essex SS7 2AE	-	-	2	Flat
£222K	10/23	0.18 mi	Flat 48, Wilkinson Drop, Oak Road South, Benfleet, Essex SS7 2BG	£3,828	58	2	Flat
£230K	07/23	0.18 mi	Flat 43, Wilkinson Drop, Oak Road South, Benfleet, Essex SS7 2BG	-	-	2	Flat
£205K	04/21	0.18 mi	Flat 53, Wilkinson Drop, Oak Road South, Benfleet, Essex SS7 2BG	-	-	2	Flat
£238K	10/23	0.18 mi	Wilkinson Drop, Flat 27, Oak Road South, Benfleet, Essex SS7 2BG	£3,132	76	2	Flat
£240K	11/22	0.18 mi	Flat 55, Wilkinson Drop, Oak Road South, Benfleet, Essex SS7 2BG	-	-	2	Flat
£225K	01/21	0.23 mi	53, Castle Lane, Benfleet, Essex SS7 2AL	£4,787	47	2	Flat
£237.5K	01/23	0.24 mi	Flat 69, Wilkinson Drop, Oak Road South, Benfleet, Essex SS7 2BG	-	-	2	Flat
£185K	01/21	0.25 mi	Flat 1, Everglades, London Road, Hadleigh, Benfleet, Essex SS7 2ED	-	-	2	Flat
£250K	08/21	0.28 mi	16a, The Avenue, Benfleet, Essex SS7 2DL	£4,167	60	2	Flat
£220K	03/23	0.37 mi	Flat 41, Queens Lodge, Benfleet Road, Benfleet, Essex SS7 1NY	-	-	2	Flat
£220K	08/21	0.37 mi	Flat 38, Queens Lodge, Benfleet Road, Benfleet, Essex SS7 1NY	-	-	2	Flat
£192.5K	01/21	0.37 mi	Flat 39, Queens Lodge, Benfleet Road, Benfleet, Essex SS7 1NY	-	-	2	Flat
£240K	06/21	0.48 mi	Flat 4, Everglades, London Road, Hadleigh, Benfleet, Essex SS7 2ED	-	-	2	Flat
£199.9K	06/21	0.6 mi	Apartment 20, Aragon Court, Church Road, Hadleigh, Benfleet, Essex SS7 2GB	-	-	2	Flat
£257.5K	08/23	0.62 mi	623, London Road, Hadleigh, Benfleet, Essex SS7 2EB	£4,364	59	2	Flat
£186.5K	01/21	0.62 mi	623a, London Road, Hadleigh, Benfleet, Essex SS7 2EB	£3,008	62	2	Flat
£170K	01/23	0.62 mi	585, London Road, Hadleigh, Benfleet, Essex SS7 2EB	£2,698	63	2	Flat
£245K	01/21	0.65 mi	106a, Rayleigh Road, Thundersley, Benfleet, Essex SS7 3YS	£3,224	76	2	Flat
£450K	04/21	0.72 mi	200, Scrub Lane, Benfleet, Essex SS7 2JW	-	-	2	Flat
£225K	10/20	0.89 mi	12, Robins Path, Benfleet, Essex SS7 1FG	£3,750	60	2	Flat

Local Rents

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

Rent	Date	Distance	Address	Beds	Type
£1,350	04/24	0.02 mi	-	2	Flat
£1,350	09/24	0.02 mi	High Street, Hadleigh, Benfleet, SS7	2	Flat
£1,500	12/24	0.03 mi	-	2	Flat
£1,100	09/24	0.08 mi	London Road, Hadleigh, Benfleet, Essex, SS7	2	Flat
£950	09/24	0.18 mi	Wilkinson Drop Oak Road South, Hadleigh	2	Flat
£1,700	09/24	0.19 mi	Beech Road, Hadleigh	2	Flat
£1,000	09/24	0.26 mi	London Road, Hadleigh	2	Flat
£1,300	09/24	0.29 mi	London Road, Hadleigh, Benfleet, Essex, SS7	2	Flat
£1,100	09/24	0.29 mi	Castle Gate, London Road, Hadleigh	2	Flat
£1,400	09/24	0.3 mi	Flat 3, 335 London Road	2	Flat
£1,450	09/24	0.48 mi	Springfield Hadleigh	2	Flat
£1,150	09/24	0.49 mi	Everglades, London Road, Hadleigh	2	Flat
£1,400	09/24	0.54 mi	Tower View, London Road, Hadleigh	2	Flat
£1,600	06/24	0.56 mi	-	2	Bungalow
£1,400	06/23	0.6 mi	-	2	Bungalow
£1,400	06/23	0.6 mi	-	2	Bungalow

Local Area Statistics

Population in SS7	49,12149,121
Town centre distance	1.23 miles away1.23 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	1.66 miles away1.66 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+6%+6%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+16%+16%

Property History

Listed for £210,000

March 22, 2025

Floor Plans

Description

GUIDE PRICE £210,000 +
GAS CENTRAL HEATING +
IN HEART OF TOWN CENTRE +
SHORT WALK TO HADLEIGH CASTLE & COUNTRY PARK +
GOOD SIZE WELL FITTED KITCHEN +
FIRST FLOOR FLAT +
TWO BEDROOMS +
NO ONWARD CHAIN +

ENTRANCE HALL Entrance door leads to the entrance hall. Storage cupboard. Airing cupboard. Radiator.

LOUNGE Double glazed window to the rear. Double radiator. Coving.

KITCHEN Well fitted with a range of units at eye and base level with ample work surfaces over. 4 ring gas hob with an extractor cooker hood over and a built under oven. Single drainer stainless steel sink unit with a mixer tap over. Space and plumbing for a washing machine. Double glazed window to the front.

BEDROOM ONE Double glazed window to the rear. Radiator.

BEDROOM TWO Double glazed window to the front. Radiator.

BATHROOM With a low level wc pedestal wash basin and a panelled bath with a mixer tap and shower attachment. Obscure double glazed window to the front.

COMMUNAL GARDENS To the front and rear.

COMMUNAL CAR PARK Providing un allocated off street parking.

GENERAL Lease: 125 year lease from 28/02/1994

Ground Rent: £10 per year

Service Charge: £863 per year

Agent Details

Stuart Thomas, Thundersley

01702 967615

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