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2 Bed Flat, Single Let, Southend-on-Sea, SS2 6BB, £180,000

Victoria Avenue, Southend-on-Sea, Essex, SS2 6BB - 2 views - 2 years ago

Sold STC
Leasehold
BTL
ROI: 7%
~68 m²
+2 photos

ValuationUndervalued

Sold Prices£75K - £461.4K
Sold Prices/m²£2.1K/m² - £5.3K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.6K/m²

Value Estimate

£219,713
BMV22%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£45,000

Stamp Duty & Legal Fees

£6,600

Total Cash In

£51,600

 

 

Cash Out

 

Rent Range

£1,000 - £1,700

Rent Estimate

£1,106

Running Costs/mo

£804

Cashflow/mo

£302

Cashflow/yr

£3,628

ROI

7%

Gross Yield

7%

Local Sold Prices

50 sold prices from £75K to £461.4K, average is £207.5K. £2.1K/m² to £5.3K/m², average is £3.2K/m².

PriceDateDistanceAddressBeds 
£265K12/230.15 mi57, Boston Avenue, Southend-on-sea SS2 6JH2
£235K03/230.15 mi49a, Boston Avenue, Southend-on-sea SS2 6JH2
£145K07/210.23 mi24, Tunbridge Road, Southend-on-sea SS2 6LT2
£220K12/230.23 mi24a, Tunbridge Road, Southend-on-sea SS2 6LT2
£180K11/210.31 mi83b, Princes Street, Southend-on-sea SS1 1PT2
£75K04/210.34 miFlat 27, Martins Court, Stadium Road, Southend-on-sea SS2 5DH2
£180K08/230.37 mi32b, Elmer Avenue, Southend-on-sea SS1 1NB2
£187.5K07/210.37 mi15, Napier Avenue, Southend-on-sea SS1 1LY2
£235K10/230.39 mi10, Ashburnham Road, Southend-on-sea SS1 1QD2
£190K12/200.39 mi19, Rayleigh Avenue, Westcliff-on-sea, Southend-on-sea SS0 7DS2
£165K10/230.39 mi7a, Rayleigh Avenue, Westcliff-on-sea, Southend-on-sea SS0 7DS2
£150K06/210.42 mi7, Balmoral Road, Westcliff-on-sea, Southend-on-sea SS0 7DG2
£166.5K11/200.44 miFlat 14, Napier Court West, Gordon Place, Southend-on-sea SS1 1NH2
£220K03/230.45 mi126, East Street, Southend-on-sea SS2 5EE2
£185K02/210.45 mi30, Hamlet Road, Southend-on-sea SS1 1HJ2
£200K11/210.46 mi259, Hamlet Court Road, Westcliff-on-sea, Southend-on-sea SS0 7DD2
£240K09/210.47 mi55, Shakespeare Drive, Westcliff-on-sea, Southend-on-sea SS0 9AA2
£135K11/230.49 mi1, Burdett Avenue, Westcliff-on-sea, Southend-on-sea SS0 7JN2
£140.5K03/210.49 mi40, Sutton Road, Southend-on-sea SS2 5EW2
£220K10/230.5 miGround Floor Flat, 28, Whitegate Road, Southend-on-sea SS1 2LQ2
£235K01/210.5 mi2a, Dryden Avenue, Southend-on-sea SS2 5EU2
£210K09/210.5 mi41, Central Avenue, Southend-on-sea SS2 5HR2
£248K08/230.5 mi180, East Street, Southend-on-sea SS2 5EA2
£184.5K10/210.51 mi46, Burdett Avenue, Westcliff-on-sea, Southend-on-sea SS0 7JW2
£150K12/200.51 mi82, Burdett Avenue, Westcliff-on-sea, Southend-on-sea SS0 7JW2
£200K09/210.52 mi70a, South Avenue, Southend-on-sea SS2 5JB2
£235K11/200.52 mi16, St Johns Road, Westcliff-on-sea, Southend-on-sea SS0 7JZ2
£200K06/210.52 mi8, Claremont Road, Westcliff-on-sea, Southend-on-sea SS0 7DZ2
£200K09/210.52 mi43a, Swanage Road, Southend-on-sea SS2 5HX2
£202.5K02/210.52 mi29, South Avenue, Southend-on-sea SS2 5JA2
£177K07/210.53 mi30a, Westborough Road, Westcliff-on-sea, Southend-on-sea SS0 9DP2
£225K06/210.54 mi2, Burdett Avenue, Westcliff-on-sea, Southend-on-sea SS0 7JW2
£285K03/210.54 mi23b, Cambridge Road, Southend-on-sea SS1 1ET2
£130K08/230.56 mi75a, Tyrrel Drive, Southend-on-sea SS1 2LN2
£193K12/230.56 mi6, Tyrrel Drive, Southend-on-sea SS1 2LN2
£210K10/200.56 mi8a, Tyrrel Drive, Southend-on-sea SS1 2LN2
£220K02/230.56 mi485a, Sutton Road, Southend-on-sea SS2 5PL2
£210K08/230.56 mi473b, Sutton Road, Southend-on-sea SS2 5PL2
£244K06/210.57 miGround Floor Flat, 86, St Helens Road, Westcliff-on-sea, Southend-on-sea SS0 7LE2
£220K01/210.57 mi92, St Helens Road, Westcliff-on-sea, Southend-on-sea SS0 7LE2
£200K09/210.57 mi70a, South Avenue, Southend-on-sea SS2 5JB2
£218K11/210.58 mi96a, Ennismore Gardens, Southend-on-sea SS2 5RB2
£210K12/200.58 mi96, Ennismore Gardens, Southend-on-sea SS2 5RB2
£237.5K05/230.58 mi108a, Ennismore Gardens, Southend-on-sea SS2 5RB2
£200K11/210.58 mi12, Hermitage Road, Westcliff-on-sea, Southend-on-sea SS0 7NQ2
£205K04/210.61 mi64, Westborough Road, Westcliff-on-sea, Southend-on-sea SS0 9DL2
£210K12/230.63 mi9a, Lancaster Gardens, Southend-on-sea SS1 2NS2
£250K09/210.64 mi50, Cossington Road, Westcliff-on-sea, Southend-on-sea SS0 7NG2
£330K01/230.65 mi3a, Clifftown Parade, Southend-on-sea SS1 1DP2
£461.4K02/210.65 mi11, Clifftown Parade, Southend-on-sea SS1 1DP2

Local Rents

38 rents from £1K/mo to £1.7K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,32509/240.03 miThe Avenue, Southend-on-sea, Essex2
£1,32503/240.03 miThe Avenue, Southend-on-sea, Essex2
£1,12509/240.04 miThe Pinnacle , Southend-On-Sea2
£1,17502/250.05 miThe Pinnacle , 59 Victoria Avenue 2
£1,35011/240.06 mi-2
£1,50003/250.06 mi-2
£1,35002/250.06 mi-2
£1,35003/250.06 mi-2
£1,40009/240.06 mi-2
£1,55003/250.06 mi-2
£1,40009/240.08 miVictoria Avenue, Southend-on-Sea2
£1,35003/240.08 miBeaumont Court2
£1,25003/240.08 miBeaumont Court, Southend-On-Sea2
£1,35009/240.08 miVictoria Avenue, SOUTHEND-ON-SEA2
£1,45009/240.08 miVictoria Avenue, SOUTHEND-ON-SEA2
£1,40009/240.08 mi2 bedroom 1st Floor Flat in Southend on Sea2
£1,45009/240.08 miVictoria Avenue, SOUTHEND-ON-SEA2
£1,35009/240.08 miBeaumont Court, Victoria Avenue2
£1,35009/240.08 miBeaumont Court, Victoria Avenue, Southend on Sea2
£1,45009/240.08 miVictoria Avenue, SOUTHEND-ON-SEA2
£1,40009/240.08 miVictoria Avenue, Southend-on-Sea2
£1,50010/240.08 mi-2
£1,65002/250.08 mi-2
£1,45011/230.08 mi-2
£1,27509/240.09 miBeaumont Court, - Victoria Avenue, Southend-On-Sea2
£1,70009/240.1 mi-2
£1,40009/240.1 miVictoria Avenue, Southend on Sea, SS22
£1,30011/240.11 mi-2
£1,25009/240.13 mi-2
£1,25008/240.13 mi-2
£1,25009/240.13 mi-2
£1,35009/240.14 miSweyne Avenue, Southend On Sea2
£1,50003/250.14 mi-2
£1,35002/250.15 mi-2
£1,28001/250.16 mi-2
£1,45009/240.16 mi-2
£1,00004/250.17 mi-2
£1,10009/240.23 miLondon Road, Westcliff-On-Sea2

Links

Local Area Statistics

Population in SS2

36,418

Population in Southend-on-Sea

106,129

Town centre distance

0.69 miles away

Nearest school

0.10 miles away

Nearest train station

0.20 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+8%

Sales demand

Balanced market

Capital growth (5yrs)

+24%

Property History

Listed for £180,000

March 16, 2023

Floor Plans

Description

  • No onward Purchase +
  • Close to Southend town Centre +
  • Long Lease +
  • Allocated parking +
  • Close to Greater Anglia and C2C Train lines. +
  • Open Plan +

No Onward Purchase

Guide price £180,000 - £210,000

An Ideal property for any first-time buyer or by to let investor.

Located in the heart of Southend this apartment couldn't be in a better area. With Southend Town Centre within walking distance, you will find an array of shops, bars and restaurants.
Not to mention that you have Greater Anglia and C2C train lines right on your doorstep with direct links into London City, making this the ideal property for any commuter.

The apartment boasts a spacious, light open plan living room. With two double bedrooms, a modern 3-piece bathroom, WC, Plenty of storage areas and allocated parking.

Don't miss out and book a viewing with Leaders today!

Agent Details

Leaders Sales, Southend-On-Sea

01702 967359

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

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