Summary - Flat 5, Mariner House, 157 High Street SS1 1LL
2 bed 2 bath Flat
**Standout Features:**
- Modern two-bedroom flat located in Southend city center
- Two bathrooms: one en-suite and one additional bathroom
- Open-plan living area with contemporary design and hardwood flooring
- Planning permission granted for additional two floors on the roof
- Estimated rental income of £1,300 per month (potential 11% yield)
- Fourth floor with lift access
**Concerns:**
- Above commercial premises, which may affect mortgage options
- Location has very high crime rates
- Flat is in a high-deprivation area
- Service charge is significant at £2,358 per annum
- Currently under a Selective Licensing Scheme
Discover urban living with this modern fourth-floor apartment in the heart of Southend, perfect for both owner-occupants and investors seeking value. With two double bedrooms, including a sizable en-suite, and a spacious open-plan living/dining area flooded with natural light, this home offers comfort and contemporary style. The property boasts planning permission for two additional floors, making it ripe for expansion and development. Situated above commercial units, it presents a unique investment opportunity in a vibrant neighborhood, despite higher crime rates and a sizable service charge. With a rental potential of £1,300 per month, this property is a rare find for those looking to step into the buy-to-let market. Act fast, as opportunities like this don’t last long—secure your spot at the auction on April 10, 2025!
2 bedroom flat for sale in Flat 6 Mariner House, 157 High Street, Southend-on-Sea, Essex, SS1 1LL, SS1 — £140,000 • 2 bed • 1 bath • 797 ft²
2 bedroom flat for sale in 75A Tyrrel Drive, Southend-on-Sea, Essex, SS1 2LN, SS1 — £110,000 • 2 bed • 1 bath • 549 ft²
2 bedroom flat for sale in 24A Gordon Road, Southend-on-Sea, SS1 1NQ, SS1 — £160,000 • 2 bed • 1 bath • 421 ft²
2 bedroom flat for sale in 124A York Road, Southend-on-Sea, Essex, SS1 2EA, SS1 — £120,000 • 2 bed • 1 bath • 926 ft²
2 bedroom flat for sale in Chichester Road, Southend-on-Sea, Essex, SS1 — £130,000 • 2 bed • 1 bath • 708 ft²
1 bedroom ground floor flat for sale in 64B York Road, Southend-on-Sea, Essex, SS1 2BY, SS1 — £70,000 • 1 bed • 1 bath • 345 ft²
