Buy-it-Now option available
Being Sold by GOTO Online Auction
Buyer’s fees apply

Property Description

Guide Price £80,000

Investment Opportunity – One Bedroom First Floor Flat with Tenant in Situ

This one bedroom first floor flat is being sold as an excellent investment opportunity and is offered with a tenant in situ, providing immediate rental income for prospective buyers. The property further benefits from an allocated off-road parking space, adding convenience and desirability for both current and future occupants.

Internally, the flat offers well-proportioned accommodation, including a bright and airy living / kitchen area, a comfortable double bedroom, and a bathroom suite. The layout is practical and appealing, making it a strong, low-maintenance addition to any investment portfolio.

Situated on Preston Road in Westcliff-on-Sea, the property enjoys a highly sought-after location known for its blend of residential charm and accessibility. The area is particularly popular with tenants due to its proximity to a wide range of local amenities. Within easy reach are a variety of shops, supermarkets, cafés, and restaurants, catering to everyday needs as well as leisure and dining options.

Transport links are a major advantage of this location. Nearby mainline railway stations provide direct routes into London, making it an ideal spot for commuters. Bus routes are also readily available, offering convenient access to surrounding areas including Southend-on-Sea and Leigh-on-Sea.

Westcliff-on-Sea itself is renowned for its attractive seafront, offering scenic coastal walks, open green spaces, and a relaxed lifestyle. The nearby beach and promenade are perfect for leisure activities, while cultural attractions such as theatres and galleries add to the appeal of the area.

Preston Road benefits from a quiet residential setting while still being close to the vibrant high street and key amenities. The combination of location, transport connectivity, and lifestyle offerings ensures consistent tenant demand, making this property a sound and attractive investment.

Early viewing is highly recommended to appreciate both the property and the superb location on offer.

FOR VIEWINGS PLEASE QUOTE REFERENCE AS1482

Being Sold by GOTO Online Auction

Starting Bids from: £80,000

Buy it now option available

Please call or visit GOTO Online Auctions for more information.

This property is for sale by Online Auction. The Online Modern Method of Auction is a flexible buyer friendly method of purchase. The purchaser will have 56 working days to exchange and complete once the draft contract is received by the buyer’s solicitor (or 10 working days after receipt of the buyer’s premium, whichever is earlier). Allowing the additional time to exchange and complete on the property means interested parties can proceed with traditional residential finance. Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer with be required to put down a non-refundable reservation fee. The fee will be a fixed fee including the Vat, this secures the transaction and takes the property off the market. The buyer will be required to agree to our terms and conditions prior to solicitors being instructed. Copies of the Reservation form and all terms and conditions can be found on the online Auction website or requested from our Auction Department.

Please note this property is subject to an undisclosed Reserve Price which is typically no more than 10% in excess of the Starting Bid. Both the Starting Bid and Reserve Price can be subject to change. Our primary duty of care is to the vendor. Terms and conditions apply to the Modern Method of Auction, which is operated by GOTO Auctions.

General Information:

Auctioneer's Comments

This property is for sale by Online Auction which is a flexible and buyer friendly method of purchase. The purchaser will not be exchanging contracts on the fall of the virtual hammer but will be given 56 working days in which to complete the transaction, from the date the Draft Contract are issued by the seller’s solicitor. By giving a buyer time to exchange contracts on the property, means normal residential finance can be arranged.

The Buyer’s Premium secures the transaction and takes the property off the market. Fees paid to the Auctioneer may be considered as part of the chargeable consideration for the property and be included in the calculation for stamp duty liability. Further clarification on this must be sought from your legal representative. The buyer will be required to sign a Reservation form to confirm acceptance of terms prior to solicitors being instructed. Copies of the Reservation form and all terms and conditions can be found in the Info Pack which can be downloaded for free from our website or requested from our Auction Department.

Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to make payment of a non-refundable Buyer’s Premium of 3.6% of the purchase price including vat. This is subject to a minimum amount of £6600 including VAT and a Legal Pack fee of £396 including VAT. This secures the transaction and takes the property off the market.

The Buyer’s Premium and administration charge are in addition to the final negotiated selling price.

Buyer Fees

There are no other fees or charges payable to the Auctioneer however, there are other costs to consider such as:

Stamp Duty Land Tax (SDLT) is applicable if you buy a property or land over a certain price in England, Wales or Northern Ireland. Please click here for more information.

Flat in Westcliff-on-sea