34D Palmerston Road, Westcliff-on-Sea, Essex, SS0 7TB

Description

This one bedroom first floor flat is located at the rear of the building. Within close proximity of Westcliff on Sea mainline railway station and the Seafront the property is vacant and is therefore considered ideal for both investors and owner occupiers alike. We are informed that off-road parking for one vehicle is available on a First Come / First Served basis

Accommodation

Communal Entrance Lobby - stairs to: First Floor - Door to: Entrance Hall; Lounge / Kitchen: 12'6 x 11'9; Bedroom: 12'6 x 12'; Bathroom / Wc. Externally: Off-Road Parking on a First come, First served basis.

Location

Within close proximity of Westcliff on Sea mainline railway station and the Seafront.

Tenure / Property Information

Investment Analysis

The £95,000 guide is stated as plus fees. Supplied sold evidence on Palmerston Road ranges from £121,000 to £337,500, including two sales recorded at number 34 (£170,000 and £185,000), but the evidence does not confirm that these were the same flat, bedroom count, condition or lease position as 34D. Accordingly, a reliable GDV or maximum bid cannot be established. The guide may appear low relative to some evidence, but this is not sufficient for valuation.

Investment Snapshot

Strategy Recommendation

Proceed only after legal and physical due diligence confirms the lease term, service-charge obligations, condition, resale comparability and all buyer fees. Do not rely on the guide alone as evidence of a viable investment.

Works Required

No specific defects or refurbishment requirements are evidenced. Allow for inspection-led works only after confirming condition, lease details, statutory information and any communal obligations; no works cost can be supported from the supplied evidence.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR assessment cannot be completed reliably because the applicable GDV, rent, refurbishment budget, lease term and total acquisition costs are unsupported. The missing lease information is particularly important for refinanceability.

Buy-to-Let Analysis

The property is vacant and described as suitable for investors, but no sufficiently specific rental comparable or auctioneer rent estimate is supplied. Rent and yield cannot therefore be established. Buyer fees are also unspecified.

Flip Analysis

A flip appraisal cannot be established. Although nearby and same-address sales provide market context, they are not confirmed as comparable to this one-bedroom first-floor flat, and no works or selling-cost allowance is supplied.

Investor Risks & Due Diligence

• Lease term and other lease obligations are not supplied.

• Buyer premium, administration charge and other auction fees are unspecified.

• No sufficiently specific rental evidence is available, so rental yield cannot be calculated.

• The comparable sales are not confirmed to relate to the same flat, bedroom configuration or condition.

• Condition and refurbishment requirements are not evidenced.

• Parking is first come, first served rather than an identified allocated space.

• EPC, council tax and heating information are not supplied.

Recommendation

Proceed only after legal and physical due diligence confirms the lease term, service-charge obligations, condition, resale comparability and all buyer fees. Do not rely on the guide alone as evidence of a viable investment.

Strategy Rating

Analysis Confidence

There is some local completed-sale evidence and a stated guide price, but the sold properties are not confirmed as comparable to 34D and key inputs including lease term, rent, condition, EPC, fees and refurbishment costs are absent.