40 Stromness Road, Southend-On-Sea
East of England
£95,000Guide Price
Listed on 03/11/2026
Listed on 03/11/2026
The listing
Property details
Bedrooms
2Type
FlatArea
495 sqftFeatures
- Garden
Description
Offered at auction, this vacant leasehold ground-floor flat has two bedrooms and is described as requiring updating and modernisation throughout. The accommodation comprises an entrance hall, a lounge with bay window, kitchen, bathroom, separate WC and a second bedroom or study/nursery. There is also a share of the rear garden.
The property is within half a mile of Southend East railway station and close to local shops and transport links. The lease is stated as 99 years from 1 January 1988. Buyers should consult the legal pack for ground rent, service and maintenance charges and other applicable costs. The energy performance rating is E. The auction is scheduled for Thursday 19 November 2026 at 3pm, with telephone, proxy and online bidding available; fees apply.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
71out of 100
Grade BGood opportunity
Confidence: MEDIUM
At £95,000, this is a notably low-cost entry point: the asking price is about £192/sq ft, well below the local average of £339/sq ft. The auction guide is attractive on that comparison, though bidding can take the hammer above the guide, so the eventual price may not stay this cheap.
The flat offers a medium-scale updating project, with dated finishes across the photographed rooms and scope to refresh the kitchen, bathroom and separate WC, flooring and decoration. The lounge and bedrooms look usable, and the share of rear garden adds appeal; the lease length and associated charges are worth checking in the legal pack.
Key opportunities
- Acquire at a guide price well below the local £/sq ft average.
- Update the dated kitchen, bathroom and separate WC to create a more contemporary finish.
- Refresh flooring and decoration across the photographed rooms; the lounge and bedrooms appear usable as a starting point.
Key risks
None recorded.
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Transport
Nearest stations
Southend East Rail Station
0.3 miles
Train · Southchurch
Southend Victoria Rail Station
0.8 miles
Train · Southend-on-Sea
Southend Central Rail Station
0.8 miles
Train · Southend-on-Sea
Prittlewell Rail Station
1.0 miles
Train · Prittlewell
Contains public sector information from NaPTAN (DfT) licensed under the Open Government Licence v3.0.
Finance
Mortgage calculator
Illustrative repayments based on the asking price, not a mortgage offer.
£
£
£
%
%
years
Current average 2-year fixed rate is 5.13%
Current average variable rate is 6.58%
Monthly Repayments
£388
Based on a loan of £71,250 over 30 years at 5.13% 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.
Tax
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Indicative tax based on the asking price and the options you select.
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