South Avenue, Southend On Sea
- PROPERTY TYPE
Flat
- BEDROOMS
2
- BATHROOMS
1
- SIZE
538 sq ft
50 sq m
Key features
- First Floor Flat
- Two Bedrooms
- Viewing Highly Recommended
- Close to Local Amenities
- Off Street Parking
- Good Size Lounge
- Great Rental Yield
Description
Currently generating £1,100 per calendar month (£13,200 per annum), the property offers an attractive gross rental yield of approximately 7.33% based on the asking price of £180,000.
This is an excellent opportunity for investors looking to expand their existing property portfolio or enter the buy-to-let market with an established tenancy already in place.
Key Investment Highlights
Asking Price: £180,000
Current Rental Income: £1,100 PCM
Annual Rental Income: £13,200
Gross Rental Yield: Approximately 7.33%
Tenure: Tenants in Situ
Investment Opportunity: Immediate rental income from completion, subject to the existing tenancy
Location & Investment Potential
The property represents an attractive opportunity for landlords seeking an income-generating investment without the immediate need to source new tenants.
With an existing tenancy in place and a competitive asking price, this property is ideally suited to investors looking for a straightforward addition to their portfolio.
Entrance
This is approached from the side of the property with its own door that leads into the entrance hall and stairs leading to
Landing
Textured ceiling with coving, loft access, dado rail, small cupboard, doors to
Lounge - 11'11" (3.63m) x 10'11" (3.33m)
Double glazed bay window to front, textured ceiling with coving, dado and picture rail, feature window to side, radiator.
Kitchen - 11'1" (3.38m) x 7'4" (2.24m)
Double glazed window to side and rear aspect, smooth plastered ceiling, coving, part tiled walls, base and wall mounted units to three aspects, rolled edge work tops with sink unit inset, space and plumbing for appliances, built in cupboard, part tiled walls.
Shower Room / WC
Obscure double glazed window to side, pedestal hand wash basin, enclosed shower cubicle, low level flush w/c, part tiled walls.
Bedroom One - 11'2" (3.4m) x 10'8" (3.25m)
Double glazed window to rear, textured ceiling, radiator, fitted cupboards with sliding mirror fronted wardrobes.
Bedroom Two - 11'1" (3.38m) x 6'6" (1.98m)
Double glazed window to front, textured ceiling with coving, radiator.
Notice
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.
Brochures
Web Details- 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.
- Band: A
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Off street
- GARDENA property has access to an outdoor space, which could be private or shared.
- Ask agent
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
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Affordability
About Reed Property Group, Essex
431-435 London Road, Westcliff-On-Sea, SS0 7HU
Notes
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Visit our security centre to find out moreDisclaimer - Property reference 5240_REED. 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 Reed Property Group, Essex. 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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