Apartment 7 St. Hildas, 5 St. Hildas Mews, Westcliff-on-Sea, Essex, SS0 8FL

Description

Residential/buy to let investment: one bedroom first floor flat with allocated parking and currently let on an Assured Shorthold Tenancy. Located on the Chalkwell Estate, this one bedroom apartment is on the first floor of a beautifully refurbished character building. The apartment has luxury bespoke fittings throughout including a modern open plan kitchen with integrated appliances and ceramic tiled three piece bathroom. The property benefits from an allocated parking space in the residents' car park to the rear, close to a local train station and shops.

Accommodation

Communal Entrance; Entrance Hall - 17'0 x 3'11; Open Plan Lounge/Kitchen - 15'5 x 14'9; Bedroom - 12'5 x 11'5; Contemporary Bathroom - 11'9 x 5'6

Location

Chalkwell Hall Estate; convenient for rail station; close to local train station and shops

Tenure / Property Information

Investment Analysis

The supplied completed sales range from £310,000 to £408,000, but none identifies the specific flat number, so they cannot support a reliable flat-specific GDV. The £230,000 guide is stated to be plus fees. The property is described as refurbished, but no formal valuation or current flat-specific comparable is supplied.

Investment Snapshot

Strategy Recommendation

Proceed only after verifying the AST rent, leasehold charges, auction fees and flat-specific valuation. Treat as a cautious income investment rather than an assumed flip.

Works Required

No refurbishment works are evidenced. Verify condition, tenancy documentation, service charge, ground rent and leasehold obligations before bidding.

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 flat-specific GDV, passing rent, refurbishment cost and buyer fees are unavailable. The 114-year remaining lease is stated, but refinanceability and valuation remain unverified.

Buy-to-Let Analysis

The flat is currently let on an AST, but no passing rent or tenancy terms are supplied. The £3,500 pcm listing is an advertised room/property asking rent and cannot reliably establish rent for this flat; therefore yield cannot be established.

Flip Analysis

A flip appraisal cannot be supported because the comparable sales are recorded only against the building address and do not identify this one-bedroom flat. Selling costs and project costs are also unavailable.

Investor Risks & Due Diligence

• Passing AST rent and tenancy terms are not supplied.

• The rental evidence is an advertised asking rent and is not clearly for this flat.

• Completed sales do not identify the specific apartment, limiting GDV confidence.

• Buyer, administration and other fees are unspecified; the guide is stated to be plus fees.

• Leasehold service charge and ground rent are not supplied.

Recommendation

Proceed only after verifying the AST rent, leasehold charges, auction fees and flat-specific valuation. Treat as a cautious income investment rather than an assumed flip.

Strategy Rating

Analysis Confidence

Property description, tenure, lease term and occupancy are supplied, but passing rent, leasehold costs, fees, flat-specific comparables and refurbishment costs are missing.