Income-producing fourth-floor flat close to town and transport links.
Two double bedrooms with built-in storage
A modern two-double-bedroom fourth-floor apartment in Meridian Point, offered with secure allocated off-street parking and lift access. The open-plan living/kitchen is well-lit with large windows and neutral decoration; both bedrooms are doubles and there is generous built-in storage throughout. Constructed c.2003–2006 and double-glazed, the property is currently let on an AST producing £10,560 per annum, making it immediately income-producing for a buyer who can complete in cash.
Important cost and condition notes are straightforward: this is a cash-purchase opportunity only, with an annual service charge around £3,614 and ground rent of £250. There is a current Section 20 notice for communal works; the scope and individual costs are still being established and will be apportioned across 74 flats. Heating is by electric room heaters rather than a communal gas system.
Location is convenient for transport and amenities — a short walk to the C2C line, Southend town centre and the seafront — but the local area scores high for deprivation and crime rates, which may affect long-term capital growth and lettability in some market segments. The lease has c.110 years remaining (original 125-year term from 2003).
This suit is most likely to interest cash investors seeking immediate rental income and a low-maintenance modern flat near the seafront. Owner-occupiers should weigh the cash-only requirement, service charge level and potential S20 costs before viewing.
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