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Leigh on Sea

East of England

£185,000
Listed on 09/03/2024

Property Details

Bedrooms
2
Type
Apartment

Description

This two-bedroom first floor flat in the vibrant Leigh-on-Sea area presents a unique investment opportunity for cash buyers. With planning permission already granted for a loft conversion and the added benefit of a 21ft roof terrace, this property is poised for transformation. While it requires comprehensive refurbishment and modernization throughout, it offers a solid foundation to realize its full potential. Ideally located on London Road, you're just moments away from local amenities including Waitrose, excellent bus routes, and within easy reach of the c2c railway station serving London Fenchurch Street. The bustling Broadway, known for its array of trendy bars, cafes, restaurants, and boutiques is also within walking distance. The property comes with no onward chain and is part of Council Tax Band A.

Investment Analysis

(SS9 area)
Area Average
£439/sq ft
Avg Rent (weekly)
£325
Avg Yield
3.8%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£35,000 - £60,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
67
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (SS9)

Area prices are stable by -0.5% over the last 12 months
3 year growth: -0.7%
5 year growth: +8.2%
Investment Disclaimer: Analysis based on SS9 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Leigh on Sea
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£660
Based on a loan of £138,750 over 30 years at 3.97% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

Stamp Duty Calculator

Price History

-7.5% since listed
£185,000£5,000(-2.6%)
26/02/2025
Current price
£190,000£10,000(-5.0%)
24/08/2024
£200,000Initial listing
08/03/2024

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