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Property Listing Details

Property details

  • 2 bedrooms
  • 1 bathroom
  • 1 reception room

Features

  • Leasehold

Listing view statistics

Last 30 days: 894 page views

Since listed: 1706 page views

Description

Investment Property – Cash Buyers only (due to short lease)

A two bedroom flat arranged over two floors and in need of some minor redecoration.

Southend House is a well located building within close proximity to Stanford le Hope town centre in one direction and Corringham in the other and within walking distance of Stanford le Hope train station.

This property is priced as it is because it has an unexpired lease of just 40 years. This means that a bank will not advance a mortgage on it (minimum 75 years). However other properties in this block have had their leases extended to 100 years plus at a cost as may be dictated by the freeholder from time to time and this option is always available to be explored by the incoming purchaser.

In any case, the rental value of this property is approximately £1000 per month and therefore the annual yield is c.10% per annum, much greater than average.

Price to sell.

You could get

Ultrafast broadband Ultrafast broadband

Up to 200 Mbps (Source: Ofcom)

Floorplan

Map & Nearby

Local Amenities

  • Stanford-le-Hope 0.8 miles
  • East Tilbury 2.8 miles
  • Arthur Bugler Primary School 0.2 miles
  • Abbots Hall Primary School 0.3 miles

Local map of the area

Map View Map showing location of property

Local Amenities

  • Stanford-le-Hope 0.8 miles
  • East Tilbury 2.8 miles
  • Arthur Bugler Primary School 0.2 miles
  • Abbots Hall Primary School 0.3 miles

Market stats

Sale activity

Average estimated value for a flat in SS17:

  • £182,676
  • Price increase

  • £8,156
  • (4.673%)
  • Over the last 12 months

In the last 12 months

  • Average sale price

    £183,777
  • Properties sold

    26

Rental opportunities

Looking for an investment? The average rent for a 2 bedroom flat in SS17 is currently:

£884 pcm

Recent sales nearby

See all recent sales in SS17
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Estimated running costs

Based on available 3rd party data

Mortgage calculator

£ per month

How much could I borrow?

In partnership with

Your home or property may be repossessed if you do not keep up repayments on your mortgage.

These results are not provided by NatWest and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

The Agent

Price history

Sold prices provided by Land Registry
19th May 2020 £129,995 Price increased by £9,995
31st Mar 2020 £120,000 First listed

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Property descriptions and related information displayed on this page are marketing materials provided by Keller Williams. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Keller Williams for full details and further information.