2 Bed Flat, Refurb/BRRR, Benfleet, SS7 2EB, £230,000

221 London Road, Hadleigh, Essex, SS7 2RD - 2 views - 20 days ago

Leasehold

Refurb/BRRR

~68 m²

+12 photos

ValuationFair Value

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

Square Metres	~68.11 m²
Price/m²	£3.4K/m²
Value Estimate	£230,000£230,000

End Value (After Refurb)	£326,727£326,727
Uplift in Value	+42%+42%

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£57,500£57,500
Stamp Duty & Legal Fees	£14,800£14,800
Refurb Costs	£33,336£33,336
Bridging Loan Interest	£6,038£6,038
Total Cash In	£113,424£113,424

Cash Out
Monetisation	FlipRefinance & RentFlip
Estimated Sale Price	£326,727£326,727
Agent Fees (1%)	£3,267£3,267
Bridging Loan	£172,500£172,500
Bridging Loan Interest	£6,038£6,038
Flip Profit	£37,536£37,536

Local Sold Prices

36 sold prices from £120K to £450K, average is £221K. £1.6K/m² to £4.8K/m², average is £3.6K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£257.5K	08/23	0 mi	623, London Road, Hadleigh, Benfleet, Essex SS7 2EB	£4,364	59	2	Flat
£186.5K	01/21	0.01 mi	623a, London Road, Hadleigh, Benfleet, Essex SS7 2EB	£3,008	62	2	Flat
£170K	01/23	0.01 mi	585, London Road, Hadleigh, Benfleet, Essex SS7 2EB	£2,698	63	2	Flat
£199.9K	06/21	0.05 mi	Apartment 20, Aragon Court, Church Road, Hadleigh, Benfleet, Essex SS7 2GB	-	-	2	Flat
£240K	06/21	0.14 mi	Flat 4, Everglades, London Road, Hadleigh, Benfleet, Essex SS7 2ED	-	-	2	Flat
£250K	08/21	0.37 mi	16a, The Avenue, Benfleet, Essex SS7 2DL	£4,167	60	2	Flat
£185K	01/21	0.37 mi	Flat 1, Everglades, London Road, Hadleigh, Benfleet, Essex SS7 2ED	-	-	2	Flat
£450K	04/21	0.37 mi	200, Scrub Lane, Benfleet, Essex SS7 2JW	-	-	2	Flat
£237.5K	01/23	0.39 mi	Flat 69, Wilkinson Drop, Oak Road South, Benfleet, Essex SS7 2BG	-	-	2	Flat
£240K	11/22	0.44 mi	Flat 55, Wilkinson Drop, Oak Road South, Benfleet, Essex SS7 2BG	-	-	2	Flat
£222K	10/23	0.44 mi	Flat 48, Wilkinson Drop, Oak Road South, Benfleet, Essex SS7 2BG	£3,828	58	2	Flat
£230K	07/23	0.44 mi	Flat 43, Wilkinson Drop, Oak Road South, Benfleet, Essex SS7 2BG	-	-	2	Flat
£205K	04/21	0.44 mi	Flat 53, Wilkinson Drop, Oak Road South, Benfleet, Essex SS7 2BG	-	-	2	Flat
£238K	10/23	0.44 mi	Wilkinson Drop, Flat 27, Oak Road South, Benfleet, Essex SS7 2BG	£3,132	76	2	Flat
£190K	03/21	0.47 mi	Flat 3, Castle Court, Castle Lane, Benfleet, Essex SS7 2AE	-	-	2	Flat
£225K	01/21	0.48 mi	53, Castle Lane, Benfleet, Essex SS7 2AL	£4,787	47	2	Flat
£237.5K	10/23	0.49 mi	Flat 4, Steeple Gate, Castle Lane, Benfleet, Essex SS7 2AF	-	-	2	Flat
£238.5K	05/21	0.49 mi	Flat 3, Steeple Gate, Castle Lane, Benfleet, Essex SS7 2AF	-	-	2	Flat
£220K	09/21	0.52 mi	1480c, London Road, Leigh-on-sea, Southend-on-sea SS9 2UR	£2,472	89	2	Flat
£195K	11/20	0.52 mi	1480a, London Road, Leigh-on-sea, Southend-on-sea SS9 2UR	£2,708	72	2	Flat
£275K	12/20	0.52 mi	1486a, London Road, Leigh-on-sea, Southend-on-sea SS9 2UR	£3,667	75	2	Flat
£275K	05/21	0.52 mi	1486c, London Road, Leigh-on-sea, Southend-on-sea SS9 2UR	£3,716	74	2	Flat
£205K	04/21	0.61 mi	1, Templewood Court, Benfleet, Essex SS7 2RQ	£2,770	74	2	Flat
£258.5K	10/23	0.62 mi	Flat B, The Laurels, Templewood Court, Benfleet, Essex SS7 2RQ	-	-	2	Flat
£220K	09/23	0.64 mi	59, Templewood Court, Benfleet, Essex SS7 2RH	£3,107	71	2	Flat
£185K	06/21	0.64 mi	45, Templewood Court, Benfleet, Essex SS7 2RH	-	-	2	Flat
£190K	04/21	0.64 mi	60, Templewood Court, Benfleet, Essex SS7 2RH	-	-	2	Flat
£185K	06/21	0.64 mi	45, Templewood Court, Benfleet, Essex SS7 2RH	-	-	2	Flat
£120K	03/24	0.64 mi	54, Templewood Court, Benfleet, Essex SS7 2RH	£1,593	75	2	Flat
£368K	02/21	0.75 mi	170a, Western Road, Leigh-on-sea, Southend-on-sea SS9 2PL	£4,044	91	2	Flat
£220K	02/21	0.8 mi	1593a, London Road, Leigh-on-sea, Southend-on-sea SS9 2SG	£3,548	62	2	Flat
£230K	05/21	0.86 mi	98, Herschell Road, Leigh-on-sea, Southend-on-sea SS9 2PU	£3,710	62	2	Flat
£240K	05/21	0.89 mi	1533, London Road, Leigh-on-sea, Southend-on-sea SS9 2SF	£3,783	63	2	Flat
£220K	03/23	0.98 mi	Flat 41, Queens Lodge, Benfleet Road, Benfleet, Essex SS7 1NY	-	-	2	Flat
£220K	08/21	0.98 mi	Flat 38, Queens Lodge, Benfleet Road, Benfleet, Essex SS7 1NY	-	-	2	Flat
£192.5K	01/21	0.98 mi	Flat 39, Queens Lodge, Benfleet Road, Benfleet, Essex SS7 1NY	-	-	2	Flat

Local Rents

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

Rent	Date	Distance	Address	Beds	Type
£1,600	03/25	0.02 mi	-	2	Flat
£1,600	04/25	0.02 mi	-	2	Flat
£1,400	06/23	0.06 mi	-	2	Bungalow
£1,400	06/23	0.06 mi	-	2	Bungalow
£1,600	06/24	0.07 mi	-	2	Bungalow
£1,400	09/24	0.08 mi	Tower View, London Road, Hadleigh	2	Flat
£1,150	09/24	0.13 mi	Everglades, London Road, Hadleigh	2	Flat
£1,300	09/24	0.15 mi	Woodfield Road, Hadleigh	2	Flat
£1,100	09/24	0.31 mi	London Road, Leigh-on-Sea	2	Flat
£1,350	07/23	0.31 mi	-	2	Flat
£1,500	12/24	0.31 mi	-	2	Flat
£1,400	03/25	0.31 mi	-	2	Flat
£1,400	10/24	0.31 mi	-	2	Flat
£1,100	09/24	0.32 mi	Leigh Heath Court, London Road, Leigh-on-Sea	2	Flat
£1,400	09/24	0.32 mi	Flat 3, 335 London Road	2	Flat
£1,300	09/24	0.33 mi	London Road, Hadleigh, Benfleet, Essex, SS7	2	Flat
£1,100	09/24	0.33 mi	Castle Gate, London Road, Hadleigh	2	Flat
£1,000	09/24	0.36 mi	London Road, Hadleigh	2	Flat
£950	09/24	0.44 mi	Wilkinson Drop Oak Road South, Hadleigh	2	Flat
£1,700	09/24	0.48 mi	Beech Road, Hadleigh	2	Flat
£1,250	09/24	0.48 mi	London Road, Leigh-on-sea, SS9	2	Flat
£1,500	08/24	0.53 mi	-	2	Flat
£1,100	09/24	0.57 mi	London Road, Hadleigh, Benfleet, Essex, SS7	2	Flat
£1,500	01/25	0.59 mi	-	2	Flat
£1,350	04/24	0.6 mi	-	2	Flat
£1,350	09/24	0.6 mi	High Street, Hadleigh, Benfleet, SS7	2	Flat

Local Area Statistics

Population in SS7	49,12149,121
Town centre distance	1.83 miles away1.83 miles away
Nearest school	0.40 miles away0.40 miles away
Nearest train station	1.06 miles away1.06 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 £230,000

March 28, 2025

Floor Plans

Description

Two bedroom top floor apartment +
Sought after location with Estuary views +
In need of modernising +
No onward chain +
Spacious rooms throughout +
Garage and communal gardens & parking +
Double glazed windows +
Long lease and reasonable service charges +

Located in a prominent position with stunning views, this spacious two-bedroom top-floor apartment is offered with no onward chain. The accommodation comprises an entrance hallway, two double bedrooms, a large lounge/diner with additional views, a spacious kitchen/diner, and a three-piece bathroom. The property also benefits from communal gardens and garage.

ACCOMMODATION COMPRISES Approached via communal entrance door with entry phone system. Stairs leading to top floor. Own personal entrance door giving access to:

ENTRANCE HALL Wall-mounted entry phone system, skylight window, electric heater, cupboard housing electric meter. Cupboard housing hot water tank. Door to.

SHOWER ROOM Three-piece suite comprising shower cubicle with electric shower, pedestal wash hand basin, WC, partly tiled walls, obscure double glazed window to rear.

KITCHEN/DINER 13' 4" x 9' 5" (4.06m x 2.87m) Kitchen is fitted with eye level and base units with work surfaces over, incorporating one and a half sink unit with tap and drainer. Electric hob with extractor fan above, tiled splash backs, space and plumbing for washing machine. Space for fridge freezer, space for cooker, double glazed windows to rear, electric heater, tiled flooring.

BEDROOM ONE 13' 10" x 11' 10" (4.22m x 3.61m) Double glazed window to rear, electric heater.

BEDROOM TWO 15' 9" x 9' 6" (4.8m x 2.9m) Double glazed window to front with estuary views. Electric heater.

LOUNGE/DINER 19' 5" x 11' 9" (5.92m x 3.58m) Double glazed window to front with estuary views, Juliet balcony to front with double glazed door opening, feature fireplace, electric heater, further double glazed window to side.

EXTERNALLY Communal gardens to both front and rear.

GARAGE Garage with up and over door in a block with communal parking.

COMMUNAL PARKING Parking is access via Church road and communal.

Agent Details

Brown & Brand, Hadleigh

01702 967620

Next Steps?

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