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

FOR VIEWINGS PLEASE QUOTE REFERENCE AS1482

GUIDE PRICE £190,000

INVESTMENT OPPORTUNITY – TENANT IN SITU

An excellent opportunity to acquire this spacious two-bedroom first floor flat situated within a popular and well-connected residential location in Southend-on-Sea, offered with tenant in situ and generating immediate rental income.

Positioned within the sought-after Southchurch area, the property is ideally suited to buy-to-let investors seeking a strong yielding asset in a high-demand rental location. The flat benefits from generous living accommodation, excellent natural light and convenient access to local amenities and transport links.

Northumberland Avenue is a well-established residential road conveniently located within walking distance of Southend East railway station, providing direct services into London Fenchurch Street, making the property particularly attractive to commuters and professional tenants.

The property also enjoys close proximity to Southchurch Road shopping facilities, Southend High Street, the seafront, local parks, cafes, restaurants and a range of everyday amenities. Southend’s continued regeneration, city status and coastal lifestyle continue to drive strong tenant demand and long-term investment potential throughout the area.

Key Features:
• Two-bedroom first floor flat
• Tenant in situ – immediate rental income
• Popular Southchurch location
• Walking distance to Southend East Station
• Excellent commuter links to London
• Close to seafront and town centre
• Strong local rental demand
• Ideal buy-to-let investment

Southend-on-Sea remains one of Essex’s strongest rental markets, benefiting from a combination of coastal living, commuter convenience and ongoing regeneration. Properties within close proximity to transport links and local amenities continue to attract consistent interest from tenants and investors alike.

Early enquiries are strongly advised.

Being Sold by GOTO Online Auction

Starting Bids from: £190,000

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 Southend-on-sea