According to the public record, 4A, Westminster Drive, Westcliff-On-Sea is a period leasehold apartment with 721 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 4, Westminster Drive, Westcliff-On-Sea, SS0.
Westminster Drive, Westcliff-On-Sea, SS0 is located within the SS0 postal district.
4A, Westminster Drive, Westcliff-On-Sea has 31 entries in the Land Registry database, most recently in February 2021 and a single entry in the EPC database dated January 2015.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 4A Westminster Drive Westcliff-On-Sea as £194,819 and the rental value as £1,088 per month giving an expected gross yield of 6.7%.
Over the last 12 months the sale value of 4A Westminster Drive Westcliff-On-Sea has increased by £2,974 (1.5%) and its rental value has increased by £63 per month (5.8%).
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 4A, Westminster Drive, Westcliff-On-Sea is in very good condition we estimate a sale value of £204,559 and rental value of £1,143 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £181,181 and a rental value of £1,012 per month.
If you were able to purchase this property for the estimated value of £194,819, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £957 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to HM Land Registry, 4A, Westminster Drive, Westcliff-On-Sea was last sold on 05 Feb 2021 for £205,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Feb 2021, the market for similar properties has risen 6.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 4A, Westminster Drive, Westcliff-On-Sea within a radius of 410 metres over the last 2 years.
The most recent example is 638A, London Road, Westcliff-On-Sea, SS0 9HW, a Leasehold flat which sold for £177,550 in Dec 2022.
Read more about house prices in SS0.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Westminster Drive, Westcliff-On-Sea, SS0 has a total of 203 addresses. According to our analysis of all the public data, 4A, Westminster Drive, Westcliff-On-Sea is the 121st largest and the 160th most expensive property on the street.
When compared to the postcode district it is £140k less expensive than the average property in SS0.
4A, Westminster Drive, Westcliff-On-Sea has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 06 Jan 2015.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 4A, Westminster Drive, Westcliff-On-Sea is Chalkwell station which is 1.1 kilometres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 4A, Westminster Drive, Westcliff-On-Sea, 40.2% of property is privately owned with a mortgage and 35.9% is privately rented.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 4A, Westminster Drive, Westcliff-On-Sea, 18.0% of residents are recorded as possessing school level qualifications and 24.9% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around 4A, Westminster Drive, Westcliff-On-Sea, the average age was 36.1 and the most common age was 37.
The graph below shows how this compares to East of England and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 4A, Westminster Drive, Westcliff-On-Sea, 0.0% of property was a second home.
Comparison figures for East of England and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 4A, Westminster Drive, Westcliff-On-Sea, there are an average of 1.1 cars per household.
See below for how this compares to East of England and the rest of England & Wales.