2-bedroom flat · SS2 4DL
Sold STCListed 102 days
Opportunity summary
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About
FOR SALE BY PUBLIC AUCTION ON THURSDAY, 30TH JULY, 2026 AT 12.00PM NOON. LIVE STREAMED VIA DEDMAN GRAY WEBSITE.
BIDDING AVAILABLE BY TELEPHONE, PROXY AND ONLINE BUY TO LET INVESTMENT: LEASEHOLD TWO BEDROOM FIRST FLOOR FLAT WITH GARDEN LET ON AN AST WITH A YIELD OF OVER 10% OF THE GUIDE PRICE This two bedroom first floor apartment is offered as a ready made investment with an existing tenant in situ paying £1,050 per month (approximately £12,600 per annum).
The apartment has off street parking to the front, fitted kitchen, bathroom and own section of garden to rear as well as being within easy access of Southend East train station.
Own entrance door Lounge 12'2 x 11'7 Kitchen 9'11 x 7'11 Bedroom One 11'5 x 11'4 Bedroom Two 7'7 x 5'8 Bathroom Good size garden Off street parking The property is let on an Assured Shorthold Tenancy Agreement at £1,050 P/C/M (£12,600 per annum) A 99 year lease commenced on 1st January, 2003 with 75 years remaining We have been advised by the vendor that the freehold is owned by a private landlord who charges around £500 per annum for insurance and service charge combined.
We understand that the service charge is approximately £120.00 per annum - please refer to the legal pack for confirmation. D
Value & comps
No previous sales on record.
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Returns
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We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below starting price
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About 131B Westbury Road, Southend-on-Sea, Essex, SS2 4DL
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