Property photos
Just added
Freehold
Guide price
£770,000
(£292/sq. ft)
Block of flats for sale
Fairfax Drive, Westcliff-On-Sea SS02,635 sq. ft
Key Information
Local area information
Property location
Nearby amenities
- Chase High School 0.2 miles
- Lancaster School 0.2 miles
- Prittlewell 0.8 miles
- Westcliff 0.9 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Southend-On-Sea to find out more about the local area.
Features and description
- Freehold
- Central heating
- Double glazing
Investment Opportunity in Westcliff on Sea: Prime Block of Five Flats
Price: £770,000 (Vendor Open to Sensible Offers)
Ocean Residential is thrilled to present a lucrative investment opportunity in Westcliff on Sea. This prime block of five flats, each with its own entrance, is now available for purchase with the freehold. Priced at £770,000, the vendor is open to sensible offers, making this an excellent chance to invest in a high-potential property.
Property Highlights:
Spacious and Bright Flats: Each flat offers generous space and abundant natural light, making them highly attractive to prospective tenants.
Excellent Location: Situated near Southend Hospital and several schools, all within walking distance. The property is also well connected by public transport, ensuring high tenant demand.
Modern Amenities: All five flats benefit from double glazing and gas central heating.
Current Tenants and Income: All flats are currently tenanted, providing a guaranteed combined annual income of £44,100. With strategic rent adjustments, the potential annual rental income could significantly increase to £60,000, yielding a potential 8% return.
Flat Details:
Flat 1: 479 sq.ft (44.5 sq.m.) - Ground floor, 2 double bedrooms, large lounge, fitted kitchen, bathroom with bath tub and shower head - £750 pcm
Flat 2: 468 sq.ft. (43.5 sq.m.) - Ground floor, 2 double bedrooms, open plan lounge/kitchen, bathroom with bath tub and shower head - £750 pcm
Flat 3: 522 sq.ft. (48.5 sq.m.) - First floor, 2 double bedrooms, large lounge, fitted kitchen, bathroom with bath tub and shower head - £700 pcm
Flat 4: 448 sq.ft. (41.6 sq.m.) - First floor, 1 double bedroom, large lounge, fitted kitchen, bathroom with bath tub and shower head - £750 pcm
Flat 5: 718 sq.ft. (66.7 sq.m.) - Second floor, 2 double bedrooms, large lounge, office area, fitted kitchen, bathroom with bath tub and shower head, 2 storage cabinets - £725 pcm
Total Area: 2,635 sq.ft
Don't Miss Out
Enhance your investment portfolio with this property that promises substantial income and long-term growth. Contact Ocean Residential today to schedule a viewing and secure your stake in this fantastic investment opportunity!
Price: £770,000 (Vendor Open to Sensible Offers)
Ocean Residential is thrilled to present a lucrative investment opportunity in Westcliff on Sea. This prime block of five flats, each with its own entrance, is now available for purchase with the freehold. Priced at £770,000, the vendor is open to sensible offers, making this an excellent chance to invest in a high-potential property.
Property Highlights:
Spacious and Bright Flats: Each flat offers generous space and abundant natural light, making them highly attractive to prospective tenants.
Excellent Location: Situated near Southend Hospital and several schools, all within walking distance. The property is also well connected by public transport, ensuring high tenant demand.
Modern Amenities: All five flats benefit from double glazing and gas central heating.
Current Tenants and Income: All flats are currently tenanted, providing a guaranteed combined annual income of £44,100. With strategic rent adjustments, the potential annual rental income could significantly increase to £60,000, yielding a potential 8% return.
Flat Details:
Flat 1: 479 sq.ft (44.5 sq.m.) - Ground floor, 2 double bedrooms, large lounge, fitted kitchen, bathroom with bath tub and shower head - £750 pcm
Flat 2: 468 sq.ft. (43.5 sq.m.) - Ground floor, 2 double bedrooms, open plan lounge/kitchen, bathroom with bath tub and shower head - £750 pcm
Flat 3: 522 sq.ft. (48.5 sq.m.) - First floor, 2 double bedrooms, large lounge, fitted kitchen, bathroom with bath tub and shower head - £700 pcm
Flat 4: 448 sq.ft. (41.6 sq.m.) - First floor, 1 double bedroom, large lounge, fitted kitchen, bathroom with bath tub and shower head - £750 pcm
Flat 5: 718 sq.ft. (66.7 sq.m.) - Second floor, 2 double bedrooms, large lounge, office area, fitted kitchen, bathroom with bath tub and shower head, 2 storage cabinets - £725 pcm
Total Area: 2,635 sq.ft
Don't Miss Out
Enhance your investment portfolio with this property that promises substantial income and long-term growth. Contact Ocean Residential today to schedule a viewing and secure your stake in this fantastic investment opportunity!
Floor plans and tours
Floor plans
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More information
Listed by
Ocean Residential
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Property descriptions and related information displayed on this page are marketing materials provided by - Ocean Residential. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Ocean Residential for full details and further information.