4 Bedroom Houses - Southend

Propertyinvestment.co.uk has exclusive access a to a portfolio nine, 4-bedroom houses.   The developer has discounted the properties in order to assist his cash-flow in exchange for a quick and discreet sale.

Property description

Set in an attractive private courtyard at the end of the High Street, Southend-on-Sea, The Boatyard is a new development of just fourteen contemporary style homes.

The properties have been discounted by £60,000 below the current selling price to only £230,000. The houses provide the ideal accommodation for not only those who work in the immediate vicinity, but also City of London due to the relative short commute time. 

Rental income:

Rental demand in the area is exceptionally strong due to the strength of employment in the local area; ease of commuting into the City; excellent local ammenties and transportation.  In particular, the ability to rent a house which will comfortably accommodate a family at a similar rent to a small one-two bedroom flat in London is a strong draw for many City commuters.

The houses will provide a rental income of £1,350 per month.  The rental income after mortgage payments will be £920 per month on the basis of a 75% loan-to-value basis. 

A full (optional) letting management service is in place at a cost of only 8% of the rental income.

About the area:

Southend-on-Sea is a popular commuter town for many of those who work in the City of London.  The opportunity to benefit from a luxury standard of living which would be beyond their financial means in London, but within a one hour commute, is a compelling draw.  

Key investment benefits of the area:

• New easyjet services - easyjet has just announced that it will use Southend airport as a new London base in time for the 2012 Olympic Games. The airline plans to carry around 800,000 passengers in the first 12 months with the aim of carrying to 2 million per year in the next few years.

• A major new investment in Southend Airport Terminal - Southend airport is to benefit from a new £60million state-of-the-art terminal facility.  A further £18million will be spent on infrastructure improvements at the airport.

• 1-hour commute to Fenchurch Street Station - Shoeburyness train station is less than a five minute walk from the Boatyard houses.  The journey time of only 1-hour into London Fenchurch Street station is ideal for City commuters.

• Beach Lifestyle - With seven miles of seafront, there is a fantastic choice of award-winning beaches.

General property details:

• Freehold
• Fitted carpets and walnut flooring, washing machine, dishwasher, oven, hobs & hoods
• Allotted parking space
• NHBC build guarantee: 10 years
• Availability: nine, 4-bedroom houses