Compact modern flat with parking and concierge, ideal for investors.
Third-floor one-bedroom apartment, approx. 437 sq ft
A compact one‑bed apartment in the modern Chartwell Plaza development, set in Southend town centre with concierge, lifts and allocated parking. The open-plan living space, contemporary kitchen and bathroom present straightforward rental appeal; the property is currently let, making it suitable for an investor seeking immediate income. The development benefits from gated entry, video-call entry and close links to both mainline stations for London travel.
Important sale details affect purchase cost and timing: this is a leasehold property being sold by auction under the Modern Method of Auction. It is cash-buyer friendly, requires a non-refundable reservation fee (4.5% of price, minimum £6,600) and other auction-related charges apply. Service charge and ground rent are notable ongoing costs to budget for.
Buyers should note the flat is small at about 437 sq ft and uses electric room heaters, which can mean higher running costs. The wider neighbourhood shows high crime levels and significant area deprivation, factors to weigh against the central location and transport links. With 138 years remaining on the lease, the tenure is secure, but prospective purchasers should review the Buyer Information Pack and carry out full due diligence before bidding.
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