£160,000
2 bed flat for saleWhitegate Road, Southend-On-Sea, Essex SS1
2 beds
1 bath
1 reception
EPC Rating: D
- Leasehold
Sold.co.uk
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About this property
2 Bedroom Flat
Cash Buyers Only
First Floor
Great Investment Opportunity
Sold Tenants in Situ - 7.5% Yield
692 Sq. Ft
Rear Garden
Close to Amenities
Ground Rent £200pa
No Service Charge
*** cash buyers & investors only ***
*** sold tenants in situ - 7.5% yield ***
This two-bedroom ground floor flat on Whitegate Road, Thorpe Bay, presents an excellent investment opportunity with tenants already in place. Currently generating £1,000 per month in rental income and offering a healthy 7.5% yield, this property represents a ready-made investment proposition for the discerning buyer.
The property's layout includes a welcoming entrance hall, spacious living room with plenty of natural light, fitted kitchen, two comfortable bedrooms, and a family bathroom.
Located in the desirable Thorpe Bay area of Southend-on-Sea, the property is ideally situated just a 10-minute walk from Thorpe Bay Broadway with its selection of shops, cafes, and restaurants. Thorpe Bay station is within easy walking distance, offering direct services to London, while the seafront and its famous mile-long pier are just a stone's throw away. The property also benefits from excellent road connections via the A13 and A127.
With established tenants in situ providing immediate rental income, this property offers a secure investment opportunity in a sought-after location. The combination of steady rental yield and potential for capital growth makes this an attractive proposition for investors. Early viewing is strongly recommended to appreciate the investment potential fully.
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More information
Tenure
Leasehold (74 years)
Service charge
Council tax band
A
Ground rent
£200
Ground rent date of next review