Summary - 16, Cromer Road SS1 2DU
1 bed 1 bath Ground Flat
### Standout Features:
- Ground floor, one-bedroom flat in a Victorian terraced house.
- Currently tenanted, generating £725pcm (£8,700 p.a.), allowing for immediate rental income.
- Large rear garden and off-road parking, a rare find in the area.
- Modern kitchen recently updated with natural light and wood flooring.
- High ceilings, retaining charming historic period features.
### Notable Concerns:
- Leasehold property with only 57 years remaining on the lease; potential mortgage issues.
- Property requires some maintenance and does not have insulation.
- High crime rate and area deprivation indicated in the local vicinity.
Discover a fantastic investment opportunity with this charming one-bedroom ground floor flat, perfectly positioned just a stone's throw from Southend High Street and the beautiful seafront. This tenanted property not only offers reliable rental income but also features a spacious lounge with elegant bay windows, a contemporary kitchen, and a large rear garden—ideal for relaxation or outdoor entertaining.
While the flat does require some updates and has a leasehold of 57 years, which may limit financing options, its potential for rental appreciation makes it a worthy consideration for first-time buyers or savvy investors. The surrounding area boasts excellent schools and amenities, enhancing its family-friendly appeal.
With its current tenancy generating a monthly income and its attractive location in a highly sought-after community, this property will undoubtedly draw interest, especially with the upcoming auction on July 17, 2025. Don’t miss the chance to explore the possibilities this ground floor flat has to offer!
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