21B Hartington Road, Southend-on-Sea, Essex

Description

A vacant one bedroom ground floor apartment with access to a communal garden to rear located just off the seafront. The property offers a good sized lounge, modern fitted kitchen and bathroom and access to a shared garden to the rear. Considered an ideal opportunity for an owner occupier or buy to let investor.

Accommodation

Inner Hallway; Lounge - 14'7 x 13'3; Bedroom - 12'2 x 7'6; Bathroom - 7'4 x 5'4; Kitchen - 13'4 x 5'6; Rear Garden

Location

Located just off the seafront and within easy access of the City Centre.

Tenure / Property Information

Investment Analysis

Hartington Road completed sales range from £110,000 to £192,500, including £150,000 for 9B in January 2024 and £170,000 for 25A in May 2024. A base GDV of £150,000 is used, with £130,000–£170,000 as an evidence-based scenario range. Differences in size, condition and lease terms are not provided. The property has a new 150-year lease with no ground rent, subject to legal-pack confirmation.

Investment Snapshot

Strategy Recommendation

Potentially suitable as a straightforward BTL or owner-occupier purchase if legal-pack, service-charge and condition checks support the guide price. Avoid relying on a flip or BRRRR without verified costs and valuation.

Works Required

No specific refurbishment works are identified in the supplied description. Confirm condition, lease details and any required works through inspection and the legal pack.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the £120,000 guide and no quantified refurbishment allowance, 75% refinance of the £150,000 base GDV is £112,500, leaving an indicative £7,500 before finance, tax and any unprovided fees. Actual refinance viability depends on valuation, lender criteria and property costs.

Buy-to-Let Analysis

At the single advertised asking rent of £550 pcm, gross rent is £6,600 annually and gross yield is 5.5% against the £120,000 guide. Net yield cannot be established because service charges, insurance, management, maintenance and finance costs are unavailable.

Flip Analysis

On the £150,000 base GDV, the gross spread over the £120,000 guide is £30,000 before selling costs, finance, tax, fees and any works. No supported selling allowance or refurbishment cost is available, so a reliable flip surplus cannot be calculated.

Investor Risks & Due Diligence

• Comparable properties may differ in size, condition, layout or lease terms.

• The £550 pcm figure is an advertised asking rent, not an achieved or passing rent.

• Buyer fees, administration charges and other purchase costs are unspecified.

• Service charges, insurance and other leasehold costs are not provided.

• The property is vacant and actual condition has not been evidenced.

• New lease and no-ground-rent terms require confirmation in the legal pack.

• Residents' parking permit availability should be confirmed with Southend City Council.

Recommendation

Potentially suitable as a straightforward BTL or owner-occupier purchase if legal-pack, service-charge and condition checks support the guide price. Avoid relying on a flip or BRRRR without verified costs and valuation.

Strategy Rating

Analysis Confidence

Completed-sale evidence and one advertised rent are available, but condition, service charges, lease-pack details, fees and achieved rental evidence are incomplete.