286 Station Road, Westcliff-on-Sea, Essex

Description

Leasehold first floor flat. Upon instruction of Countrywide.

Accommodation

Two bedrooms, reception room, kitchen, bathroom/wc

Location

Located on Station Road. Shopping amenities are available locally within Southend-on-Sea City Centre. Public transport links are available at Westcliff Train Station and Southend Central Train Station, along with local bus services. Road links include the A13 to the north. Recreational pursuits can be found at Southend Cliff Gardens to the south east.

Tenure / Property Information

Investment Analysis

Comparable leasehold flat sales on Station Road range from £137,000 for 286 Station Road in 2021 to £182,500 for 286B in February 2026. A comparable-derived base GDV of £160,000 is used, with £137,000 and £182,500 as low and high scenarios. However, the subject has only 57 years remaining and the lease terms of the comparables are not supplied, so this is a low-confidence indicative range rather than a formal valuation.

Investment Snapshot

Strategy Recommendation

Proceed only after reviewing the legal pack and confirming lease-extension implications, ground rent, service charge, seller fees and mortgageability. On the supplied evidence, this is not suitable for an unconditional BTL, BRRR or flip decision.

Works Required

No specific works can be supported from the evidence because the condition is not described. Inspection and confirmation of heating, parking, service charge, ground rent and lease terms are required before budgeting works.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A 75% refinance against the indicative £160,000 base GDV would be £120,000. Cash left in cannot be calculated because refurbishment costs, total acquisition costs, lease-related costs and finance costs are unsupported. Refinancing may also be constrained by the 57-year lease and lender requirements.

Buy-to-Let Analysis

The single supplied rental listing advertises £1,250 pcm, equivalent to £15,000 annually and a headline gross yield of 19.23% against the £78,000 guide. This is an asking rent, not achieved rent, and the true net yield cannot be established because service charge, ground rent, buyer costs, seller fees and condition-related costs are unknown. The 57-year lease is a major BTL and mortgageability risk.

Flip Analysis

The supplied sales provide an indicative resale range of £137,000 to £182,500, with a £160,000 base scenario. A flip surplus cannot be calculated because condition, works, acquisition costs, seller charges, finance costs and selling costs are not supplied. The short lease may materially affect resale value and buyer demand.

Investor Risks & Due Diligence

• Only 57 years remain on the lease, which may restrict mortgageability and resale demand.

• Annual service charge, ground rent, review terms and potential lease-related costs are unknown.

• The single rental figure is an advertised asking rent rather than achieved rent.

• The flat's condition and any required refurbishment are not described.

• Seller fees may be payable under the special conditions but are not supplied.

• Parking and heating details are unknown.

• Comparable sale lease lengths and condition are not supplied, limiting GDV reliability.

Recommendation

Proceed only after reviewing the legal pack and confirming lease-extension implications, ground rent, service charge, seller fees and mortgageability. On the supplied evidence, this is not suitable for an unconditional BTL, BRRR or flip decision.

Strategy Rating

Analysis Confidence

There is useful local sold-price and rental evidence, but the 57-year lease, comparable lease terms, condition, service charges, ground rent, parking, heating, buyer costs and seller fees are unknown.