2 Bed Flat, Single Let, Southend-on-Sea, SS1 2DJ, £180,000

York Road, Southend-on-Sea, Essex, SS1 2DJ - 4 views - 2 years ago

Sold STC

BTL

ROI: 5%

~57 m²

+8 photos

ValuationUndervalued

Sold Prices	£1 - £461.4K
Sold Prices/m²	£0/m² - £5.4K/m²

Square Metres	~57.20 m²
Price/m²	£3.1K/m²
Value Estimate	£186,823£186,823
BMV	4%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£45,000£45,000
Stamp Duty & Legal Fees	£6,600£6,600
Total Cash In	£51,600£51,600

Cash Out
Rent Range	£850 - £3,400£850 - £3,400
Rent Estimate	£998
Running Costs/mo	£782£782
Cashflow/mo	£216£216
Cashflow/yr	£2,591£2,591
ROI	5%5%
Gross Yield	7%7%

Local Sold Prices

51 sold prices from £1 to £461.4K, average is £198K. £0/m² to £5.4K/m², average is £3.3K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£130K	06/21	0 mi	120a, York Road, Southend-on-sea SS1 2DJ	£1,566	83	2	Flat
£170K	09/23	0.04 mi	111c, York Road, Southend-on-sea SS1 2DL	£3,269	52	2	Flat
£230K	12/22	0.07 mi	3, Hastings Road, Southend-on-sea SS1 2DR	£3,538	65	2	Flat
£198K	05/23	0.1 mi	3a, Hastings Road, Southend-on-sea SS1 2DR	£2,571	77	2	Flat
£245K	01/23	0.15 mi	12, Cromer Road, Southend-on-sea SS1 2DU	£3,712	66	2	Flat
£148.5K	06/21	0.17 mi	11, Kilworth Avenue, Southend-on-sea SS1 2DS	£3,743	40	2	Flat
£155K	12/22	0.18 mi	109, Southchurch Avenue, Southend-on-sea SS1 2RW	£1,575	98	2	Flat
£210K	12/23	0.19 mi	9a, Lancaster Gardens, Southend-on-sea SS1 2NS	£3,500	60	2	Flat
£130K	08/23	0.21 mi	75a, Tyrrel Drive, Southend-on-sea SS1 2LN	£2,322	56	2	Flat
£193K	12/23	0.21 mi	6, Tyrrel Drive, Southend-on-sea SS1 2LN	£3,063	63	2	Flat
£210K	10/20	0.21 mi	8a, Tyrrel Drive, Southend-on-sea SS1 2LN	£3,443	61	2	Flat
£320K	05/21	0.22 mi	132, Southchurch Avenue, Southend-on-sea SS1 2RP	£3,678	87	2	Flat
£220K	10/23	0.22 mi	Ground Floor Flat, 28, Whitegate Road, Southend-on-sea SS1 2LQ	-	-	2	Flat
£190K	06/21	0.24 mi	43a, Honiton Road, Southend-on-sea SS1 2RY	£2,676	71	2	Flat
£175K	03/21	0.26 mi	22, Marks Court, Southend-on-sea SS1 2RH	£4,375	40	2	Flat
£153K	11/20	0.26 mi	34, Marks Court, Southend-on-sea SS1 2RH	£2,887	53	2	Flat
£217.5K	01/23	0.28 mi	11a, Cheltenham Road, Southend-on-sea SS1 2SB	£2,939	74	2	Flat
£189K	03/21	0.29 mi	55, Cheltenham Road, Southend-on-sea SS1 2SA	-	-	2	Flat
£195.5K	03/23	0.3 mi	89, Marks Court, Southend-on-sea SS1 2RQ	£3,555	55	2	Flat
£175K	08/21	0.32 mi	59, Ambleside Drive, Southend-on-sea SS1 2UT	-	-	2	Flat
£197.5K	12/23	0.32 mi	49, Ambleside Drive, Southend-on-sea SS1 2UT	-	-	2	Flat
£197K	12/20	0.34 mi	53, Leamington Road, Southend-on-sea SS1 2SW	£2,699	73	2	Flat
£140.5K	03/21	0.38 mi	40, Sutton Road, Southend-on-sea SS2 5EW	£2,555	55	2	Flat
£375K	06/21	0.39 mi	6b, Clifton Terrace, Southend-on-sea SS1 1DT	-	-	2	Flat
£450K	03/23	0.39 mi	6, Clifton Terrace, Southend-on-sea SS1 1DT	£5,407	83	2	Flat
£180K	08/23	0.42 mi	32b, Elmer Avenue, Southend-on-sea SS1 1NB	£3,000	60	2	Flat
£461.4K	02/21	0.43 mi	11, Clifftown Parade, Southend-on-sea SS1 1DP	£4,185	110	2	Flat
£330K	01/23	0.44 mi	3a, Clifftown Parade, Southend-on-sea SS1 1DP	£4,853	68	2	Flat
£166.5K	11/20	0.45 mi	Flat 14, Napier Court West, Gordon Place, Southend-on-sea SS1 1NH	-	-	2	Flat
£200K	06/21	0.45 mi	31a, Christchurch Road, Southend-on-sea SS2 4JS	£3,056	65	2	Flat
£200K	03/21	0.45 mi	78, Boscombe Road, Southend-on-sea SS2 4JP	£2,778	72	2	Flat
£180K	05/21	0.45 mi	101a, Boscombe Road, Southend-on-sea SS2 4JP	£2,647	68	2	Flat
£187.5K	07/21	0.45 mi	15, Napier Avenue, Southend-on-sea SS1 1LY	£3,676	51	2	Flat
£285K	03/21	0.48 mi	23b, Cambridge Road, Southend-on-sea SS1 1ET	-	-	2	Flat
£200K	09/21	0.49 mi	43a, Swanage Road, Southend-on-sea SS2 5HX	£3,571	56	2	Flat
£185K	02/21	0.49 mi	30, Hamlet Road, Southend-on-sea SS1 1HJ	£3,410	54	2	Flat
£220K	03/23	0.49 mi	51, Eastern Esplanade, Southend-on-sea SS1 2ES	£3,333	66	2	Flat
£200K	02/21	0.49 mi	69a, Wimborne Road, Southend-on-sea SS2 4JR	£2,941	68	2	Flat
£330K	09/21	0.5 mi	111, Ambleside Drive, Southend-on-sea SS1 2UP	£3,143	105	2	Flat
£235K	10/23	0.5 mi	10, Ashburnham Road, Southend-on-sea SS1 1QD	£5,341	44	2	Flat
£200K	09/21	0.52 mi	70a, South Avenue, Southend-on-sea SS2 5JB	£4,319	46	2	Flat
£337K	08/21	0.52 mi	100, Victoria Road, Southend-on-sea SS1 2TF	-	-	2	Flat
£1	03/21	0.53 mi	31, Northumberland Avenue, Southend-on-sea SS1 2TH	£0	58	2	Flat
£177K	03/21	0.54 mi	11a, Oban Road, Southend-on-sea SS2 4JJ	£2,591	68	2	Flat
£177K	03/21	0.54 mi	11a, Oban Road, Southend-on-sea SS2 4JJ	£2,591	68	2	Flat
£202.5K	02/21	0.54 mi	29, South Avenue, Southend-on-sea SS2 5JA	£3,266	62	2	Flat
£200K	09/21	0.54 mi	70a, South Avenue, Southend-on-sea SS2 5JB	£4,319	46	2	Flat
£180K	03/21	0.55 mi	16a, Stromness Road, Southend-on-sea SS2 4JQ	£2,647	68	2	Flat
£192.5K	06/21	0.55 mi	27a, Stromness Road, Southend-on-sea SS2 4JG	£3,760	51	2	Flat
£200K	10/21	0.55 mi	39, Stromness Road, Southend-on-sea SS2 4JG	£3,030	66	2	Flat
£270K	11/21	0.57 mi	4, Bellevue Mews, Southend-on-sea SS2 4PE	£5,094	53	2	Flat

Local Rents

51 rents from £850/mo to £3.4K/mo, average is £1.3K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,295	01/25	0.07 mi	-	2	Flat
£1,100	08/24	0.08 mi	-	2	Flat
£1,150	09/24	0.09 mi	York Road, Southend-on-Sea	2	Flat
£850	10/24	0.09 mi	-	2	Flat
£2,250	04/25	0.12 mi	-	2	Flat
£1,050	01/25	0.13 mi	-	2	Flat
£1,125	08/24	0.13 mi	-	2	Flat
£1,200	09/24	0.14 mi	York Road, Southend-On-Sea, Essex, SS1	2	Flat
£1,200	04/25	0.14 mi	-	2	Flat
£1,200	04/25	0.14 mi	-	2	Flat
£995	02/24	0.15 mi	-	2	Flat
£995	09/24	0.15 mi	-	2	Flat
£1,100	03/25	0.15 mi	-	2	Flat
£900	10/24	0.17 mi	-	2	Flat
£1,200	09/24	0.17 mi	Southchurch Avenue, Southend On Sea	2	Flat
£1,300	09/24	0.19 mi	Southchurch Avenue, Southend-on-Sea, Essex, SS1	2	Flat
£1,300	11/24	0.2 mi	-	2	Flat
£1,300	12/24	0.2 mi	-	2	Flat
£1,600	04/25	0.21 mi	-	2	Flat
£1,800	09/24	0.22 mi	Church Road, Southend-On-Sea, Essex, SS1	2	Flat
£1,775	09/24	0.22 mi	Church Road, Southend-On-Sea, Essex, SS1	2	Flat
£1,100	10/23	0.22 mi	-	2	Flat
£1,200	02/25	0.22 mi	Seafront, Southend On Sea	2	Flat
£1,500	09/24	0.23 mi	Freemans Court, 1 Honiton Road, Southend On Sea, Essex, SS1	2	Flat
£1,500	07/24	0.23 mi	-	2	Terraced House
£1,500	08/24	0.23 mi	-	2	Terraced House
£1,550	08/24	0.23 mi	-	2	Terraced House
£1,100	02/24	0.24 mi	-	2	Flat
£2,995	09/24	0.24 mi	-	2	Flat
£2,754	07/24	0.24 mi	-	2	Flat
£1,050	02/25	0.25 mi	-	2	Flat
£1,200	09/24	0.25 mi	Honiton Road, Southend-On-Sea	2	Flat
£1,000	09/24	0.26 mi	Montague Buildings, Southchurch Road, Southend-on-Sea, Essex	2	Flat
£900	09/24	0.26 mi	Warrior Square, Southend-on-sea	2	Flat
£1,000	09/24	0.26 mi	Southchurch Avenue, Southend-On-Sea	2	Flat
£1,200	09/24	0.27 mi	Alexandra Street, Southend-On-Sea	2	Flat
£1,100	09/24	0.27 mi	Close To Seafront, Southend On Sea	2	Flat
£1,250	09/24	0.27 mi	Southchurch Road, Southend-On-Sea, Essex, SS1	2	Flat
£3,400	09/24	0.27 mi	-	2	Flat
£1,880	09/24	0.27 mi	-	2	Flat
£1,250	09/24	0.28 mi	Southchurch Road, Southend-On-Sea, Essex, SS1	2	Flat
£1,250	09/24	0.28 mi	Southchurch Road, Southend-On-Sea, Essex, SS1	2	Flat
£1,880	07/24	0.28 mi	-	2	Flat
£1,195	03/25	0.28 mi	-	2	Flat
£1,375	09/24	0.29 mi	122-124 Ellaron Apartments, Flat 1, High Street, Southend-on-Sea	2	Flat
£1,400	09/24	0.3 mi	-	2	Flat
£1,450	04/25	0.3 mi	-	2	Flat
£1,250	09/24	0.3 mi	-	2	Flat
£1,250	09/24	0.3 mi	-	2	Flat
£1,400	09/24	0.3 mi	Highbanks, Southend on Sea	2	Flat
£1,100	09/24	0.3 mi	Clifftown Road, Southend on Sea	2	Flat

Local Area Statistics

Population in SS1	26,36926,369
Population in Southend-on-Sea	106,129106,129
Town centre distance	0.94 miles away0.94 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.34 miles away0.34 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+40%+40%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	+21%+21%

Property History

Listed for £180,000

June 27, 2023

Floor Plans

Description

Share of freehold +
Two bedroom +
Allocated parking +
Walking distance to train stations +
Close to Seafront & town centre +

Guide Price £180,000-£200,000

*SHARE OF FREEHOLD*

A fantastic opportunity for anyone looking to take their first step onto the property ladder.

This apartment has everything you need and more!
Boasting two bedrooms, a three piece bathroom , good sized living room and kitchen

Not to mention that this apartment also has allocated parking and offered with the share of freehold.

Location wise you are at the centre of everything you need! You are within walking distance of several train stations, Southend town centre and also Southend seafront.

Don’t miss out and book a viewing 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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ValuationUndervalued

CashflowsOpen in Analyser

Local Sold PricesDownload Show map

Local RentsDownload Show map

Links

Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

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Cashflows

Local Sold Prices

Local Rents