Fairfax Drive, Westcliff-On-Sea, Essex, SS0
- PROPERTY TYPE
Block of Apartments
- BEDROOMS
9
- BATHROOMS
5
- SIZE
2,635 sq ft
245 sq m
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- BLOCK OF 5 FLATS
- SOLD WITH FREEHOLD
- CLOSE TO AMENITES
- CLOSE TO SOUTHEND HOSPITAL
Description
Price: £725,000 (Vendor Open to Sensible Offers)
Ocean Residential is thrilled to present a lucrative investment opportunity in Westcliff on Sea. This prime block of five flats, each with its own entrance, is now available for purchase with the freehold. Priced at £770,000, the vendor is open to sensible offers, making this an excellent chance to invest in a high-potential property.
Property Highlights:
Spacious and Bright Flats: Each flat offers generous space and abundant natural light, making them highly attractive to prospective tenants.
Excellent Location: Situated near Southend Hospital and several schools, all within walking distance. The property is also well connected by public transport, ensuring high tenant demand.
Modern Amenities: All five flats benefit from double glazing and gas central heating.
Current Tenants and Income: All flats are currently tenanted, providing a guaranteed combined annual income of £44,100. With strategic rent adjustments, the potential annual rental income could significantly increase to £60,000, yielding a potential 8% return.
Flat Details:
Flat 1: 479 sq.ft (44.5 sq.m.) - Ground floor, 2 double bedrooms, large lounge, fitted kitchen, bathroom with bath tub and shower head - £750 pcm
Flat 2: 468 sq.ft. (43.5 sq.m.) - Ground floor, 2 double bedrooms, open plan lounge/kitchen, bathroom with bath tub and shower head - £750 pcm
Flat 3: 522 sq.ft. (48.5 sq.m.) - First floor, 2 double bedrooms, large lounge, fitted kitchen, bathroom with bath tub and shower head - £700 pcm
Flat 4: 448 sq.ft. (41.6 sq.m.) - First floor, 1 double bedroom, large lounge, fitted kitchen, bathroom with bath tub and shower head - £750 pcm
Flat 5: 718 sq.ft. (66.7 sq.m.) - Second floor, 2 double bedrooms, large lounge, office area, fitted kitchen, bathroom with bath tub and shower head, 2 storage cabinets - £725 pcm
Total Area: 2,635 sq.ft
Don't Miss Out
Enhance your investment portfolio with this property that promises substantial income and long-term growth. Contact Ocean Residential today to schedule a viewing and secure your stake in this fantastic investment opportunity!
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent
Fairfax Drive, Westcliff-On-Sea, Essex, SS0
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About Ocean Residential, Westcliff-on-Sea
116 Hamlet Court Road, Westcliff-on-Sea, Essex, SS0 7LP
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Visit our security centre to find out moreDisclaimer - Property reference FairfaxDrive240sale. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Ocean Residential, Westcliff-on-Sea. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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