Morgan Brookes says ..

Property Oracle says ..

This property is a one-bedroom apartment located in Southend-on-Sea, Essex. Its key selling points include proximity to the seafront and relatively convenient transport links via Southend Central railway station. Several primary schools are also within walking distance, making it potentially attractive to families or those seeking rental income from students or young professionals.

The apartment itself is relatively small (243 sq ft), which is a key factor to consider. Based on the images, the condition appears to be fair, requiring some updating or improvements to appeal to a wider range of buyers, although the structure of the building seems solid. There is a minimal garden or outside space which is noted as just sufficient space for bins.

The price of £93,000 appears to be within the range of comparable properties in the area, but a thorough comparison with similar sized apartments in this location is essential to determine its true value. The fact that the property has been let to a tenant achieving a rental income of £595-750pcm from various estate agents suggests rental potential, which should be weighed against the purchase price and potential costs of renovations for any prospective buyer. The lack of detailed information regarding the overall condition necessitates a thorough inspection to ascertain any potential maintenance needs or structural issues.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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