2-bedroom flat · SS7 5LB
For saleListed 205 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A vacant first floor retirement apartment. Available to residents of 60 years and over, located in this convenient and sought after development just minutes walk of shops and bus services.
The Fairways is set back from the road with large gardens flanking onto Boyce Hill Golf Course, and is approached via electric security gates for added security.
Communal Entrance Hall Door leading to large reception hall with staircase and lift to all floors, located on the ground floor is the communal lounge and house managers office.
Entrance Hall (3.18m x 2.21m (10'5 x 7'3)) Door leading to spacious hall, telephone entry for external door, electric wall mounted heater, built in cupboard with pressurised hot water tank and shelving, broom cupboard, coved and skimmed ceiling.
Lounge (4.75m max x 3.66m (15'7 max x 12)) Two windows to flank, electric heater, coved and skimmed ceiling, double doors to kitchen.
Kitchen (3.58m x 1.83m (11'9 x 6)) Window to rear, fitted to three walls with range of base and wall cupboards, fitted worktops with inset one and a half bowl stainless steel sink unit with cupboards under, electric oven, ceramic hob, integrated dishwasher and washing machine, fridge and freezer, coved and skimmed ceiling, tiled splash backs to working areas, inset ceiling lights, lino flooring.
Bedroom One (3.05m x 2.87m plus wardrobes (10 x 9'5 plus wardro) Window to rear, coved and skimmed ceiling, two double built in wardrobes, matching dressing table and bedside cabinet, electric wall heater.
Bedroom Two (3.91m x 2.29m plus recess (12'10 x 7'6 plus recess) Window to rear, coved and skimmed ceiling, electric wall heater.
Shower Room (2.26m x 1.73m (7'5 x 5'8)) Modern white suite comprising of double width fully tiled shower cubicle, pedestal wash hand basin, close coupled wc, half tiled walls, coved and skimmed ceiling with inset lights and extractor fan, electric heater.
Communal Lounge/Kitchen A lovely sized room with ample furniture and dining table ideal for functions ( which can be arranged with the house manager), French doors to front, fitted kitchen with fridge.
Guest Suite This can be booked for friends or relatives with the house manager at a nominal nightly charge.
Communal Gardens Beautiful large landscaped grounds which flank the golf course, numerous tables and chairs. Brick Bin Store With refuse bins for all recycling.
Drying Area With numerous washing lines.
Communal Parking Ample parking spaces ( not allocated) Brick Mobility Scooter Storage Located to the front of apartment block with power connected for charging.
Lease 125 years from 2005 Ground Rent £410 per annum paid half yearly Service Charge £3608 per annum paid half yearly, this includes gardening, cleaning of communal areas and external windows, building insurance, water and sewage charges.
Council Tax Band C, Castle point council.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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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 Flat 12 The Fairways, 192, High Road, Benfleet
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