HMO Terraced House
stamp duty: £28,800
mortgage fees: £1,500
conveyancing fees: £1,000
The vendor provided us with the following running costs of the property:
Please note that Vesta has not visited this property and that the vendor has provided all material.
Documents available on request, please contact for viewings or further questions.
The information relating to this property is supplied by the vendor and was the latest available information at the time of listing. Certain information may expire or become inaccurate over time.
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Southend-on-Sea is a resort town on the Thames Estuary in Essex, in the South East of England.
Southend-on-Sea lies 40 miles east of central London and is connected to London by road via the A127 and A13 (with a travel time of around 1 hour 20 minutes) or by train via Southend Central Station to London Fenchurch Street Station (55 minutes) or via Southend Victoria Station to London Liverpool Street Station (about 1 hour).
Its proximity to London has made Southend-on-Sea a popular commuter town with around a fifth of the working population commuting to London on a daily basis prior to the COVID-19 pandemic. Together with Southend-on-Sea being one of the most densely populated areas in the UK (outside of London) and having a high proportion of people aged over 65 years, this has resulted in considerable pressures on the local housing market, making it a relatively expensive place to buy a home. Southend-on-Sea also topped Simply Business’s best places to invest in buy-to-let property in October 2018.
The local economy is focused on tourism, with around 6 million visitors a year who are drawn to the beach and the traditional attractions of an English seaside resort, including the longest leisure pier in the world. Southend-on-Sea has industrial parks located at Progress Road, Comet and Aviation Ways in Eastwood and Stock Road in Sutton. Firms located in Southend-on-Sea include Olympus Keymed, Hi-Tec Sports, MK Electric and Royal Bank of Scotland card services, whilst Southend University Hospital employs over 4,450 people.
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Your capital is at risk. Property values may decline and the property might not be able to be rented at amounts sufficient to cover debt interest costs, operating expenses and liabilities, and might not result in a positive cash flow. Property is an illiquid asset and should not be viewed as a short-term investment.
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