41 Marks Court, Southend-on-Sea, Essex, SS1 2RH

Description

RESIDENTIAL/BUY TO LET INVESTMENT: 2 BEDROOM APARTMENT NEAR SOUTHEND SEAFRONT & CITY CENTRE CONSIDERED TO BE AN IDEAL BUY TO LET INVESTMENT. Two bedroom second floor flat with residential parking located within a stone's throw of Southend Seafront and a short walk to Southend City Centre. The accommodation comprises intercom entry system, two bedrooms, fitted kitchen/breakfast area, good size lounge, bathroom and the property is conveniently situated within half a mile of Southend East Station.

Accommodation

Entrance Hall; Lounge - 11'8 x 14'4; Kitchen - 11'8 x 9'7; Bedroom One - 12'10 x 6'11; Bedroom Two - 11'5 x 8'7; Bathroom; Entry phone system

Location

Located within a stone's throw of Southend Seafront, a short walk to Southend City Centre, and within half a mile of Southend East Station.

Tenure / Property Information

Investment Analysis

Same-block completed sales range from £180,000 to £225,000 in 2025 and 2021. Using the two 2025 sales as the most relevant evidence gives an indicative base GDV of £202,500, though sale-specific size, condition and specification are unavailable.

Investment Snapshot

Strategy Recommendation

Potential buy-to-let at the guide price, subject to confirming achieved rent, service-charge liability, lease terms and property condition. Do not rely on the indicative flip margin.

Works Required

No specific refurbishment works are evidenced. Condition should be inspected before bidding; the EPC is rated D.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the guide price and no evidenced refurbishment allowance or buyer fees, 75% of the base GDV is approximately £151,875, exceeding the assumed acquisition cost by £16,875. Actual cash extraction depends on valuation, lending terms, fees, condition and lease review.

Buy-to-Let Analysis

At the £135,000 guide, evidenced rental estimates of £1,300–£1,350 pcm imply gross yields of approximately 11.56%–12.00% before the £1,890 annual service charge and other costs. Rents are asking/auctioneer estimates, not achieved rents.

Flip Analysis

The indicative base GDV of £202,500 less the £135,000 guide gives £67,500 before refurbishment, selling costs, finance, tax and fees. A reliable flip surplus cannot be established because works and selling costs are unsupported.

Investor Risks & Due Diligence

• £1,890 annual service charge reduces net rental return.

• Rental figures are asking/auctioneer estimates rather than achieved rents.

• Same-block sale prices vary materially and comparable specifications are unavailable.

• Buyer and administration fees are unspecified despite the guide being plus fees.

• EPC rating is D.

• Leasehold terms and remaining lease details should be legally verified.

Recommendation

Potential buy-to-let at the guide price, subject to confirming achieved rent, service-charge liability, lease terms and property condition. Do not rely on the indicative flip margin.

Strategy Rating

Analysis Confidence

There are recent same-block completed sales and rental evidence, but comparable specifications, condition, buyer fees and refurbishment requirements are not provided.