271 Prince Avenue, Westcliff-on-Sea, Essex, SS0 0JT

Description

This Freehold Town House is now arranged as an H.M.O. and features six bedrooms, one with an en-suite, a Kitchen / Breakfast Room, Private Rear garden and Off-Road Parking. Four of the rooms are currently let producing a gross rental income of £31,800 per annum. When fully let this figure could then increase to around £48,960 per annum gross.

Accommodation

Entrance Lobby; Entrance Hall; Ground Floor Cloakroom and Shower Room; Kitchen / Breakfast Room: 15'3 x 7'7; Bedroom: 10'7 x 8'5; First Floor Landing with storage cupboard; Bedroom (L-shaped): 11' x 8'2 plus 6'7 x 6'6, door to En-Suite Shower Room; Bedroom (formerly a kitchen): 16'1 x 8'5; Second Floor Landing with storage cupboard; Bedroom: 11'5 x 8'9 with built-in storage; Bedroom: 11' x 8'7; Bedroom: 11' x 5'8; Shower Room: 6'7 x 5'3; Externally: Off-Road Parking and Private Rear Garden.

Tenure / Property Information

Investment Analysis

No completed-sale comparables or formal valuation evidence was supplied, so GDV and market value cannot be reliably estimated. The £315,000 guide is the only supported purchase benchmark. The property is a six-bedroom freehold HMO with four rooms currently let, generating stated gross income of £31,800 per annum, with auctioneer-estimated full occupancy income of around £48,960 per annum.

Investment Snapshot

Strategy Recommendation

Consider only as an income-led HMO purchase, subject to verifying HMO licensing and compliance, tenancy income, room condition and the achievability of the full-occupancy estimate. Do not rely on a BRRR or flip strategy without valuation, works and cost evidence.

Works Required

No physical defects or refurbishment requirements are evidenced. Allow only for inspection-led repairs, statutory HMO and safety compliance, and works required to prepare the two currently unlet rooms, subject to verification.

Rental & Market Context

Potential BRRR Position

A BRRR assessment cannot be completed because no GDV, completed-sale comparables, refurbishment budget, finance costs or buyer/admin fees were supplied. The 75% refinance figure and cash-left-in calculation are therefore unsupported. Any refinance case depends on validating the HMO income, occupancy, compliance and achievable valuation.

Buy-to-Let Analysis

At the £315,000 guide, the stated current gross rent of £31,800 produces approximately 10.10% gross yield. The auctioneer's full-occupancy estimate of £48,960 produces approximately 15.54% gross yield, equivalent to £4,080 per month. These are gross figures before operating costs, voids, management, utilities, compliance and finance. No sufficiently specific external rental evidence was supplied, and two rooms remain unlet.

Flip Analysis

A flip analysis cannot be reliably calculated because no completed-sale comparables, GDV, refurbishment budget or selling-cost allowance was supplied. The evidence supports an income-led assessment rather than a resale-margin assessment.

Investor Risks & Due Diligence

• Four of the six rooms are currently let, so the higher income figure is dependent on letting the remaining two rooms.

• The £48,960 full-occupancy figure is an auctioneer estimate rather than achieved or independently evidenced rent.

• Gross income does not account for operating costs, voids, management, utilities, maintenance, compliance or finance.

• HMO licensing, planning and statutory compliance status are not supplied.

• Buyer premium, administration charges and other purchase costs are not supplied.

• No EPC, council tax, heating or detailed condition information was supplied.

• No completed-sale comparables or formal valuation evidence was supplied.

Recommendation

Consider only as an income-led HMO purchase, subject to verifying HMO licensing and compliance, tenancy income, room condition and the achievability of the full-occupancy estimate. Do not rely on a BRRR or flip strategy without valuation, works and cost evidence.

Strategy Rating

Analysis Confidence

The guide price, tenure, accommodation, current gross income and auctioneer full-occupancy estimate are supplied, but there are no completed-sale comparables, external rental comparables, refurbishment costs, EPC, council tax, fee details or HMO compliance information.