2-Bed BTL - Southend-on-Sea

A 2-bedroom leasehold apartment in Southend-on-Sea, offering investors a straightforward value-add opportunity with strong rental demand and the potential to recycle capital through refinancing.

The property is in good, lettable condition . Its generous rooms, communal car park and allocated parking space give it strong marketability.

The property is projected to achieve a £160,000 GDV on refinance and generate positive monthly cashflow, making it suitable for investors seeking a turnkey BTL opportunity.

Key Financials

▪ Purchase price: £130,000
▪ GDV: £160,000
▪ Money left in after refinance: £29,925
▪ Monthly rent: £1,150
▪ Monthly profit: £420
▪ Annual profit: £5,050
▪ Gross yield: 9%
▪ ROCE: 17%

A solid BTL opportunity combining attractive rental income and a low amount of capital left in the deal.