Chalkwell Lodge, 110 London Road, Westcliff-on-Sea, Essex

Description

A two bedroom purpose built sixth floor flat in secure gated complex with lift and stairs access. Located centrally close to the city centre, major transport links into London, London Southend airport, shops and local restaurants.

Accommodation

Secure gated entrance with lifts and stairs to sixth floor; Entrance Hall; Lounge - 15'6 x 10'4; Kitchen - 10'4 x 7'8; Bedroom One - 11'5 x 10'3; Bedroom Two - 10'9 x 8'9; Bathroom - 7'4 x 4'2

Location

Located centrally close to the city centre, major transport links into London, London Southend airport, shops and local restaurants. Local shops are along the London Road.

Tenure / Property Information

Investment Analysis

Supplied completed sales at Chalkwell Lodge range from £130,000 to £195,000, with several recent records at £165,000. A base GDV of £165,000 is supported, subject to flat-specific condition and legal review.

Investment Snapshot

Strategy Recommendation

Potential buy-to-let purchase at or near guide price, subject to legal-pack review, confirmed leasehold costs, inspection and achievable rent validation.

Works Required

No condition defects or refurbishment requirements are supplied. Allow for inspection-led works only; no numeric works budget can be supported.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £165,000 base GDV, 75% refinance is estimated at £123,750. Cash left in cannot be calculated because works and payable fees are unspecified. The refinance estimate is only indicative and subject to lender valuation and leasehold review.

Buy-to-Let Analysis

At the £120,000 guide, the auctioneer’s estimated £1,100 pcm rent produces £13,200 annual rent and an 11% gross yield before finance, service charges, leasehold costs, voids, tax and other fees. The £1,600 pcm rental listing implies 16%, but is an advertised asking rent rather than achieved rent.

Flip Analysis

The supplied evidence supports a potential value around £165,000 against the £120,000 guide, but refurbishment costs, auction fees and selling costs are unavailable, so a reliable flip surplus cannot be calculated.

Investor Risks & Due Diligence

• Auctioneer rent is an estimate and the £1,600 pcm figure is an advertised asking rent, not achieved rent.

• Buyer, administration and other auction fees are unspecified beyond 'PLUS FEES'.

• No condition report or refurbishment cost evidence is supplied.

• Leasehold service charge, ground rent and other lease terms are not provided.

• Comparable sale prices vary materially from £130,000 to £195,000.

Recommendation

Potential buy-to-let purchase at or near guide price, subject to legal-pack review, confirmed leasehold costs, inspection and achievable rent validation.

Strategy Rating

Analysis Confidence

Good same-building completed-sale evidence and two rent indicators are available, but condition, service charges, ground rent, auction fees, parking, heating and achieved rent are not supplied.