According to the public record, 7B, Grand Parade, Leigh-On-Sea is a period leasehold apartment and with 624 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 7, Grand Parade, Leigh-On-Sea, SS9.
Grand Parade, Leigh-On-Sea, SS9 is located within the SS9 postal district.
7B, Grand Parade, Leigh-On-Sea has 31 entries in the Land Registry database, most recently in November 2022 and 2 entries in the EPC database, most recently in April 2021.
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 7B Grand Parade Leigh-On-Sea as £363,063 and the rental value as £1,607 per month giving an expected gross yield of 5.3%.
Over the last 12 months the sale value of 7B Grand Parade Leigh-On-Sea has increased by £4,990 (1.4%) and its rental value has increased by £89 per month (5.5%).
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 7B, Grand Parade, Leigh-On-Sea is in very good condition we estimate a sale value of £381,216 and rental value of £1,688 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £337,648 and a rental value of £1,495 per month.
If you were able to purchase this property for the estimated value of £363,063, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,784 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, 7B, Grand Parade, Leigh-On-Sea was last sold on 24 Nov 2022 for £401,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Nov 2022, the market for similar properties has dropped 0.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 7B, Grand Parade, Leigh-On-Sea within a radius of 11m over the last 2 years.
The most recent example is 9A, Grand Parade, Leigh-On-Sea, SS9 1DX, a Leasehold flat which sold for £370,000 in Jan 2024.
Read more about house prices in SS9.
Grand Parade, Leigh-On-Sea, SS9 has a total of 139 addresses. According to our analysis of all the public data, 7B, Grand Parade, Leigh-On-Sea is the 120th largest and the 103rd most expensive property on the street.
When compared to the postcode district it is £85k less expensive than the average property in SS9.
7B, Grand Parade, Leigh-On-Sea has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 08 Apr 2021.
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 7B, Grand Parade, Leigh-On-Sea is Chalkwell station which is 300 m 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 7B, Grand Parade, Leigh-On-Sea, 45.7% of property is privately owned with a mortgage and 27.9% 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 7B, Grand Parade, Leigh-On-Sea, 20.1% of residents are recorded as possessing school level qualifications and 45.9% 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 7B, Grand Parade, Leigh-On-Sea, the average age was 41.2 and the most common age was 42.
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 7B, Grand Parade, Leigh-On-Sea, 0.4% 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 7B, Grand Parade, Leigh-On-Sea, there are an average of 1.2 cars per household.
See below for how this compares to East of England and the rest of England & Wales.