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Property for sale

£1,450,000

Lancaster Crescent, Southend On Sea, Essex SS1

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Property features

  • Lancaster Crescent
  • 1 1 bed - vacant
  • 1a 1 bed - vacant
  • 2 1 bed - Vacant (Previously let at £5940 pa)
  • 2a 1 bed - Vacant (Previously let at £5700 pa)
  • 2b Studio - Vacant (Previously let at £4740 pa)
  • 3 1 bed - Vacant (Previously let at £5400 pa)
  • 3a 1 bed - Vacant (Previously let at £5400 pa)
  • 3b Studio - Vacant (Previously let at £4740 pa)
  • 4 1 bed - £5700 income pa

Property description

Description:
This substantial freehold investment represents a fantastic opportunity to acquire a ready-made portfolio of self-contained units potential producing a gross rental income of more than £80,000 per annum or redevelopment subject to planning.. The investment is divided between a terrace of converted flats along Lancaster Crescent plus a detached property arranged as flats to the rear in Grange Gardens.


Property info

Floorplan(s): Picture No. 01

Picture No. 01 View original

Market activity
Average price paid £278,256 Sales 504 Current average value £318,558 (Zoopla Zed-Index) Value change £21,957 ▲ 7.40%

Property value data/graphs for SS1

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £585,470 £345 3.8 £554,434
Semi-detached £359,561 £288 3.5 £365,023
Terraced £259,779 £264 3.2 £271,601
Flats £180,584 £284 1.8 £177,622

Current asking prices in SS1

Average: £355,622
Avg. current asking prices in SS1
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £312,000
(4)
£326,250
(8)
£341,429
(14)
£520,312
(16)
£1,200,000
(4)
Flats £191,855
(14)
£239,981
(27)
£335,998
(5)
- -
All £218,554
(18)
£259,699
(35)
£339,999
(19)
£520,312
(16)
£1,200,000
(4)

Current asking rents in SS1

Average: £692 pcm
Avg. current asking prices in SS1
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £449 pcm
(17)
£849 pcm
(1)
- £1,651 pcm
(1)
-
Flats £535 pcm
(28)
£862 pcm
(15)
£1,005 pcm
(4)
- -
All £502 pcm
(45)
£862 pcm
(16)
£1,005 pcm
(4)
£1,651 pcm
(1)
-

Fun facts for SS1

Highest value in SS1
Highest value streets Zed-Index
Thorpe Bay Gardens £1,538,463
Thorpe Esplanade £1,355,741
Tyrone Road £764,008
Burges Road £709,051
Parkanaur Avenue £653,993
Highest turnover in SS1
Highest turnover streets Turnover
Camper Road 48.1%
Camper Road 45.5%
Gordon Place 44.8%
Scratton Road 39.5%
Cambridge Road 35.7%

What Zoopla users think of Southend-on-Sea

Overall rating:

  • currently 4.5 stars
Very good - 86% (110 ratings)

Ratings breakdown:

  • currently stars
Community & safety
  • currently stars
Entertainment & nightlife
  • currently stars
Parks & recreation
  • currently stars
Restaurants & shopping
  • currently stars
Schools & public services
  • currently stars
Transport & travel

Rate Southend-on-Sea:

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Community & safety
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Entertainment & nightlife
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Parks & recreation
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Restaurants & shopping
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Schools & public services
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Transport & travel
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5

Nearby transport

  • Southend Central (0.4 miles)
  • Southend Victoria (0.4 miles)
  • Southend East (0.5 miles)
  • London Southend Airport (2.5 miles)
  • London City Airport (28.7 miles)
  • Manston Airport (30.2 miles)
  • Wallasea Island Ferry Landing (6.7 miles)
  • Burnham on Crouch Ferry Landing (7.3 miles)
  • Tilbury Ferry Terminal (16.4 miles)

Nearby schools

View all schools in Southend-on-Sea
  • Porters Grange Primary School and Nursery (0.0 miles)
  • Bournemouth Park Primary School (0.5 miles)
  • Barons Court Primary School and Nursery (0.7 miles)
  • South Essex College of Further and Higher Education (0.4 miles)
  • Oasis (0.5 miles)
  • Southend YMCA Community School (0.9 miles)
  • Ocean Lodge Independent School (0.9 miles)
  • St Bernard's High School (0.9 miles)
  • Southend High School for Girls (1.1 miles)
Note: Distances are straight line measurements

Local info for Southend-on-Sea

About the neighbours in SS1

AskMe Q&A for Southend-on-Sea

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For more information about this property, please contact
Dedman Residential Ltd, SS1 on 01702 787852 * (local rate)

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Dedman Residential Ltd, and do not constitute property particulars. Please contact Dedman Residential Ltd for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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