Resale

11 Wayfarer House

Wayfarer House, SS2 6BT

Example share 75%

From £176,250

Full value £235,000

More than you thought possible with Shared Ownership.

Property Overview

Offering approximately 645 sq ft of well-planned accommodation, this attractive second-floor apartment combines modern open-plan living with two bedrooms and a private balcony.

The apartment opens into a welcoming hallway providing access to each of the principal rooms. At the heart of the home is the spacious open-plan kitchen and living area, measuring approximately 19’0” x 13’8”. The layout provides plenty of room for both relaxing and dining, with the fitted kitchen integrated into the living space.

A door from the living area opens directly onto the private balcony, creating valuable outdoor space and providing an ideal spot to relax during the warmer months.

The property offers two bedrooms, with the larger measuring approximately 11’11” x 10’8”. The second bedroom provides a flexible space that could be used as a bedroom, guest room or home office. A contemporary family bathroom completes the accommodation.

With its open-plan layout, private balcony and approximately 645 sq ft of living space, this apartment offers an excellent opportunity for buyers looking to purchase through Shared Ownership in Southend-on-Sea.

Financial Breakdown

Full Market Value: £200,000
75% Share Value: £150,000
Rent on unowned share: £184.29 per month
Service Charge: £46.00 per month
Estate Charge: £29.79 per month
Buildings Insurance: £16.70 per month
Management Fee: £46.19 per month
Reserve Fund: £0.00 per month
Total Monthly Payment (excluding rent): £138.68 per month
Total Monthly Rent & Charges: £322.97 per month
Lease Length: Approximately 993 years remaining
Rent Review: Reviewed annually (Rpi + 0.5%)

About the local area.

Cole Avenue is situated in Southend-on-Sea, offering convenient access to the city’s wide range of shops, supermarkets, cafés, restaurants and leisure facilities.

Southend provides a good choice of local amenities alongside its well-known seafront, beaches and recreational attractions. The area also benefits from parks, open spaces and a range of schools and everyday services.

The property is well positioned for travel across Southend and the wider Essex area, with rail connections providing access towards London and convenient road links to surrounding towns.