BTL in Southend-on-Sea

A tenanted 2-bedroom, 2-bathroom leasehold apartment in Southend-on-Sea, offering immediate rental income and an attractive longer-term capital recycling opportunity.

The property is currently generating £1,250 pcm, with tenants in situ until December 2026, providing income from completion. It also benefits from an allocated parking space within a gated car park, supporting its continued appeal to tenants.

The property also offers investors a clear longer-term value play. The appraisal conservatively assesses returns against the current £115,000 GDV, while comparable evidence indicates potential to refinance against a value of approximately £160,000 later down the line, creating an opportunity to release further equity and recycle capital in the future.

Key Financials

▪ Purchase price: £115,000
▪ Current GDV: £115,000
▪ Potential future post cosmetic refurb refinance value: Circa £160,000
▪ Monthly rent: £1,250
▪ Money left in at current GDV: £46,200
▪ Monthly profit: Circa £600
▪ Annual profit: Circa £7,201
▪ Gross yield: 13%
▪ ROCE: 16%

A strong income-producing BTL opportunity combining immediate rental income, attractive returns based on the current value and additional potential to release equity through a future refinance.