Nest in Essex says ..
Exceptional mixed-use property in Rayleigh with established commercial unit under lease generating £11,000 p.a. Also features a 2-bed flat with rental potential of £10,800 p.a. Prime location near new Wolsley Park. Rare opportunity with freehold. Ideal investment in vibrant community.
Property Oracle says ..
This two-bedroom flat located on London Road in Rayleigh, Essex is listed at £400,000. The property benefits from being within close proximity to local amenities and transport links. Rayleigh train station is less than a kilometre away, offering convenient access to other towns and cities. Several primary schools are also within walking distance, making it an attractive option for families. The interior of the property appears to be in reasonable condition, though the decor is dated and may benefit from modernisation to enhance its appeal to potential buyers. The kitchen and bathroom are functional but could benefit from some updating. The property itself is a flat and therefore does not include a garden. The list price of £400,000 is slightly below the average price for the area (£420,682), however, further analysis of comparable properties is needed to determine if this is a fair price considering the size (1088 sqft) and the lack of outdoor space. The average price per sqft in the area is £434.00, which is lower than the price per sqft for this property. However, the condition of the property and the lack of a garden may account for this discrepancy. More information on comparable properties would be beneficial in determining the accuracy of the list price.
Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *
- Price
- 7
- Condition
- 7
- Location
- 8
- Land
- 1
- Bedrooms
- 2
- Bathrooms
- 1
- Sqft (est)
- 1,088.23
The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.
Metrics Year-on-Year
- Average area value
- 430,000.00 £Increased by 4.99 %
- Est sale value
- 491,879.96 £Increased by 21.83 %
- Average area rental value
- 900.00 £/moDecreased by 18.92 %
- Est letting value
- 0.00 £/moDecreased by 100.00 %
- Est rental Yield
- 2.51 %Decreased by 22.77 %
- Crime Rate
- 16.00 %Unchanged by 0.00 %
Agent Activity
Nest in Essex marked this listing as sold.
Nest in Essex created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| The Sweyne Park School | Academy Converter | 0.46 KM | |
| Glebe Primary School | Academy Sponsor Led | 0.54 KM | |
| St Nicholas' Church Of England Voluntary Controlled Primary School, Rawreth | Voluntary Controlled School | Good | 0.91 KM |
| The Karalius Foundation | Other Independent Special School | 1.02 KM | |
| Rayleigh Primary School | Academy Converter | 1.26 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Regent Close | £ 425,000 | 0 | 0.00 KM |
| Victoria Avenue | £ 0 | 0 | 0.00 KM |
| Alexandria Drive | £ 0 | 0 | 0.00 KM |
| Edinburgh Close | £ 0 | 0 | 0.00 KM |
| Gunn Close | £ 0 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Rayleigh | 6884 | RLG | 0.75 KM |
| Battlesbridge | 6870 | BLB | 4.76 KM |
| South Woodham Ferrers | 6892 | SOF | 6.33 KM |
| Benfleet | 7439 | BEF | 6.65 KM |
| Hockley | 6880 | HOC | 7.17 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| London Road, Rayleigh, SS6 | £ 400,000 | BUY | 5 / 10 | 0.00 KM |
| London Road, Rayleigh | £ 425,000 | BUY | 7 / 10 | 0.12 KM |
| Danbury Road, Rayleigh | £ 360,000 | BUY | 7 / 10 | 0.12 KM |
| Waltham Road, Rayleigh, SS6 | £ 500,000 | BUY | 8 / 10 | 0.13 KM |
| Grange Gardens, Rayleigh, SS6 | £ 400,000 | BUY | 6 / 10 | 0.14 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 111a London Road | £ 90,000 | 0.03 KM |
| 127 London Road | £ 287,000 | 0.03 KM |
| 103a London Road | £ 124,000 | 0.03 KM |
| 125 London Road | £ 220,000 | 0.03 KM |
| 113a London Road | £ 160,000 | 0.03 KM |