Flat 1, 154 Carlton Avenue, Westcliff-on-Sea, Essex, SS0 0QQ

This two-bedroom ground floor flat presents a notable opportunity for those looking to invest in a project. With an asking price of £120,000, significantly below the local average sale price of £333,242, it positions itself as an affordable entry point into the market. While the flat is dated and requires refurbishment, including work in the lounge, bedrooms, and bathroom, the potential for value creation is clear. The presence of a garage and parking enhances its appeal, especially in a location close to amenities such as schools and shops.

The renovation range of £40,000 to £80,000 suggests a light to typical project scale, allowing buyers to envision their personal touch on the space. Given the potential rental income of around £1,250 per month, this property could yield a positive return on investment once the necessary improvements are completed. Bidding can go above the guide price, but at this stage, it remains a competitive option for buyers seeking to capitalize on a property with room for enhancement.