2 bed flat for sale Stanley Road, Southend-on-sea

2 beds 1 bath Flat

For sale by auction Tenure: ask agent

Added yesterday

About this property

Key Features: Buy-it-Now option availableBeing Sold by GOTO Online AuctionBuyer’s fees apply Property Description An excellent opportunity to acquire a freehold investment property in a well-connected and popular residential area of Southend-on-Sea. This property is being sold with a tenant in situ, currently generating a rental income of £600 per calendar month, offering an immediate return for investors. The ground floor flat is also being sold separately (£80,000) and also the Freehold interest.

Key features

Immediate rental income of £600 PCM
Ground floor flat also available
Strong rental demand in the area
Strong rental demand in the area
Close to local amenities and Southend seafront
Freehold interest
Buy-it-Now option available
Being Sold by GOTO Online Auction
Buyer’s fees apply
Part of a portfolio of four properties

Floorplan

Energy performance

C 70

Current

Potential

92+

81-91

69-80

70 C

77 C

55-68

39-54

21-38

1-20

This home is rated band C, scoring 70 out of 100. The average British home is band D. Its certificate says it could reach band C (77) if the improvements it recommends were carried out.

Read from the certificate published with this listing, so it may not be the latest one. Check the government EPC register for the full certificate and its recommendations.

Location

Stanley Road, Southend-on-sea

Open map Street View

Council tax band: Ask agent

Mortgage and stamp duty

Property price £155,000

£77k £233k

Deposit10% £16,000

£0 £155k

Interest rate 4.5%

0.5% 15%

Repayment period 25 years

5 years 40 years

A £139,000 mortgage. Most lenders would want a household income of about £31,000 to support it.

A guide only, for a capital repayment mortgage. The rate you are offered and what you can borrow depend on your circumstances and a full application with a lender or broker. Your home may be repossessed if you do not keep up repayments on your mortgage.