2 Bed Flat, Single Let, Leigh-on-Sea, SS9 3NQ, £220,000

London Road, Leigh On Sea, SS9 3NQ - 2 years ago

BTL
ROI: 3%
~61 m²
+4 photos

ValuationUndervalued

Sold Prices£180K - £375K
Sold Prices/m²£2.5K/m² - £6.6K/m²

 

 

Square Metres

~61.20 m²
Price/m²£3.6K/m²

Value Estimate

£269,585
BMV23%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£55,000

Stamp Duty & Legal Fees

£14,100

Total Cash In

£69,100

 

 

Cash Out

 

Rent Range

£900 - £2,100

Rent Estimate

£1,095

Running Costs/mo

£927

Cashflow/mo

£169

Cashflow/yr

£2,022

ROI

3%

Gross Yield

6%

Local Sold Prices

51 sold prices from £180K to £375K, average is £280K. £2.5K/m² to £6.6K/m², average is £4.4K/m².

PriceDateDistanceAddressBeds 
£340K04/210.17 mi56b, Woodfield Park Drive, Leigh-on-sea, Southend-on-sea SS9 1LW2
£295K06/210.17 mi63a, Chalkwell Park Drive, Leigh-on-sea, Southend-on-sea SS9 1NH2
£270K03/230.18 mi16a, Chalkwell Park Drive, Leigh-on-sea, Southend-on-sea SS9 1NJ2
£275K05/210.19 mi1099, London Road, Leigh-on-sea, Southend-on-sea SS9 3JJ2
£235K06/230.19 miFlat 18, Spencer House, Ensign Close, Leigh-on-sea, Southend-on-sea SS9 1FG2
£240K12/230.19 miFlat 14, Spencer House, Ensign Close, Leigh-on-sea, Southend-on-sea SS9 1FG2
£306K10/200.22 mi71a, Leigham Court Drive, Leigh-on-sea, Southend-on-sea SS9 1PT2
£240K06/210.26 mi56, Leighton Avenue, Leigh-on-sea, Southend-on-sea SS9 1QA2
£330K01/230.26 mi130a, Oakleigh Park Drive, Leigh-on-sea, Southend-on-sea SS9 1RU2
£325K08/230.26 mi130, Oakleigh Park Drive, Leigh-on-sea, Southend-on-sea SS9 1RU2
£260K04/210.26 mi1, Norfolk Avenue, Leigh-on-sea, Southend-on-sea SS9 3HA2
£270K09/210.27 mi62, Olivia Drive, Leigh-on-sea, Southend-on-sea SS9 3EG2
£270K09/210.27 mi62, Olivia Drive, Leigh-on-sea, Southend-on-sea SS9 3EG2
£255K05/210.28 mi81b, Leigh Road, Leigh-on-sea, Southend-on-sea SS9 1JN2
£195K12/200.28 miFlat 29, Portchester Court, Chalkwell Park Drive, Leigh-on-sea, Southend-on-sea SS9 1NR2
£187K12/200.28 miFlat 30, Portchester Court, Chalkwell Park Drive, Leigh-on-sea, Southend-on-sea SS9 1NR2
£215K11/230.28 miFlat 29, Portchester Court, Chalkwell Park Drive, Leigh-on-sea, Southend-on-sea SS9 1NR2
£213.5K10/230.28 miFlat 42, Portchester Court, Chalkwell Park Drive, Leigh-on-sea, Southend-on-sea SS9 1NR2
£308K02/210.29 mi88, Oakleigh Park Drive, Leigh-on-sea, Southend-on-sea SS9 1RS2
£285K01/230.29 mi78a, Oakleigh Park Drive, Leigh-on-sea, Southend-on-sea SS9 1RS2
£210K05/230.29 mi86b, Oakleigh Park Drive, Leigh-on-sea, Southend-on-sea SS9 1RS2
£180K01/230.3 mi7a, Nelson Drive, Leigh-on-sea, Southend-on-sea SS9 1DA2
£263K03/210.32 mi103a, Oakleigh Park Drive, Leigh-on-sea, Southend-on-sea SS9 1RR2
£328K10/230.32 mi87a, Oakleigh Park Drive, Leigh-on-sea, Southend-on-sea SS9 1RR2
£375K11/230.32 mi149, Pall Mall, Leigh-on-sea, Southend-on-sea SS9 1RE2
£255K02/210.32 mi18, Carlton Drive, Leigh-on-sea, Southend-on-sea SS9 1DE2
£295K06/230.33 mi64a, Leigh Hall Road, Leigh-on-sea, Southend-on-sea SS9 1QZ2
£226K04/210.33 mi19, Norfolk Avenue, Leigh-on-sea, Southend-on-sea SS9 3HA2
£240K04/210.35 miFlat 5, Brayburn Court, Leigh Road, Leigh-on-sea, Southend-on-sea SS9 1JR2
£210K10/210.35 miFlat 6, Brayburn Court, Leigh Road, Leigh-on-sea, Southend-on-sea SS9 1JR2
£312.5K12/200.36 mi7a, Hillside Crescent, Leigh-on-sea, Southend-on-sea SS9 1EN2
£312.5K12/200.36 mi7a, Hillside Crescent, Leigh-on-sea, Southend-on-sea SS9 1EN2
£310K11/200.37 mi144a, Pall Mall, Leigh-on-sea, Southend-on-sea SS9 1RA2
£275K02/230.38 mi27, Victor Drive, Leigh-on-sea, Southend-on-sea SS9 1PP2
£285K10/200.39 mi49a, Dawlish Drive, Leigh-on-sea, Southend-on-sea SS9 1QX2
£285K10/200.39 mi49a, Dawlish Drive, Leigh-on-sea, Southend-on-sea SS9 1QX2
£292.5K09/230.39 mi256a, Elm Road, Leigh-on-sea, Southend-on-sea SS9 1SA2
£320K06/230.4 mi54a, Beach Avenue, Leigh-on-sea, Southend-on-sea SS9 1HW2
£315K08/230.4 mi24, Torquay Drive, Leigh-on-sea, Southend-on-sea SS9 1SE2
£260K03/230.41 mi29a, Oakleigh Park Drive, Leigh-on-sea, Southend-on-sea SS9 1RP2
£280K11/200.41 mi193a, Elm Road, Leigh-on-sea, Southend-on-sea SS9 1SB2
£360K02/230.42 mi25b, Hillside Crescent, Leigh-on-sea, Southend-on-sea SS9 1EP2
£300K12/220.42 mi32b, Leigh Hall Road, Leigh-on-sea, Southend-on-sea SS9 1RN2
£295K12/220.43 mi35a, Torquay Drive, Leigh-on-sea, Southend-on-sea SS9 1SD2
£260K07/210.44 mi1a, Cranleigh Drive, Leigh-on-sea, Southend-on-sea SS9 1SX2
£261.5K06/210.44 mi29a, Leigh Hall Road, Leigh-on-sea, Southend-on-sea SS9 1RL2
£270K02/210.44 mi1, Cranleigh Drive, Leigh-on-sea, Southend-on-sea SS9 1SX2
£288.8K03/210.45 mi30, Grand Drive, Leigh-on-sea, Southend-on-sea SS9 1BG2
£350K06/230.45 mi26, Grand Drive, Leigh-on-sea, Southend-on-sea SS9 1BG2
£300K12/220.47 mi15, Victoria Drive, Leigh-on-sea, Southend-on-sea SS9 1SF2
£295K10/200.47 mi22, Victoria Drive, Leigh-on-sea, Southend-on-sea SS9 1SF2

Local Rents

50 rents from £900/mo to £2.1K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,65003/250.04 mi-2
£90012/240.04 mi-2
£1,49509/240.05 miGrange Park Drive Leigh On Sea2
£1,50009/240.17 mi-2
£1,35002/240.18 mi-2
£1,10009/240.19 miEnsign Close, Leigh-on-Sea, Essex, SS92
£1,15009/240.21 miPavilion Drive, Leigh on sea2
£1,75009/240.22 miLeighton Avenue, Leigh-On-Sea2
£1,80003/250.26 mi-2
£1,35009/240.29 miFlat , Sandleigh Court, Sandleigh Road, Leigh-on-Sea2
£1,09512/240.3 mi-2
£1,45009/240.31 miLeigh Hall Road, Leigh-on-Sea2
£1,35004/250.31 mi-2
£1,09509/240.31 miNelson Road, Leigh On Sea2
£1,20009/240.32 mi-2
£1,40009/240.32 miWoodfield Road, Leigh On Sea, Essex2
£1,45004/250.34 mi-2
£1,25009/240.34 miPall Mall, Leigh-on-Sea2
£1,20009/240.34 miLeigh Road, Leigh-On-Sea2
£1,30009/240.35 mi-2
£1,42509/240.35 miPark House, Leigh-on-Sea2
£1,80012/240.39 mi-2
£1,85003/250.39 mi-2
£1,20009/240.39 miElm Road, Leigh-On-Sea, Essex, SS92
£1,10009/240.4 miLondon Road, Westcliff -On-Sea2
£1,35012/240.41 mi-2
£1,35009/240.41 miThe View, London Road, Westcliff-On-Sea2
£1,37509/240.42 miSuffolk Avenue, Leigh on Sea2
£1,25002/250.42 mi-2
£1,30009/240.45 mi43a Pall MallLeigh On SeaEssex2
£1,35009/240.45 miGrand Drive, Leigh On Sea, Essex2
£1,20009/240.48 miLeigh Cliff Road, Leigh-on-Sea, Essex2
£1,40009/240.48 miGrand Parade, Leigh-On-Sea2
£1,45009/240.49 mi-2
£1,79509/240.49 mi-2
£1,79509/240.49 miGrand Parade, Leigh On Sea, SS92
£1,25009/240.49 mi-2
£1,35009/240.5 miLondon Road, Westcliff-On-Sea2
£1,25009/240.5 miLeigh on Sea2
£1,09509/240.52 miSouthbourne Grove, Westcliff-On-Sea2
£1,29504/250.53 mi-2
£1,20009/240.53 miAlison House, 10 Sandown Avenue, Westcliff-On-Sea2
£1,20002/250.54 mi-2
£1,35012/240.56 mi-2
£1,75003/250.56 mi-2
£1,95009/240.57 miWest Street, Leigh On Sea2
£2,10003/250.57 mi-2
£1,65009/240.58 miThe Broadway, Leigh on sea, Leigh on sea, 2
£1,25009/240.59 miBroadway, Leigh-On-Sea2
£1,60002/250.62 mi-2

Local Area Statistics

Population in SS9

49,984

Town centre distance

0.83 miles away

Nearest school

0.10 miles away

Nearest train station

0.62 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+14%

Sales demand

Balanced market

Capital growth (5yrs)

+24%

Property History

Price changed to £220,000

December 4, 2024

Listed for £240,000

September 23, 2023

Floor Plans

Description

  • FIRST FLOOR SPACIOUS PURPOSE BUILT APARTMENT +
  • SHARE OF THE FREEHOLD RECENTLY AQUIRED +
  • GREAT SIZE ROOMS +
  • PRIVATE SOUTH FACING REAR GARDEN +
  • DINING ROOM WHICH COULD BE CONVERTED TO A 2ND BEDROOM +
  • PLENTY OF STORAGE SPACE +
  • A SHORT STROLL TO CHALKWELL PARK AND BEACH +
  • CLOSE TO LEIGH ROAD & THE STUNNING BROADWAY WITH IT'S ARRAY OF SHOPS, AMENITIES AND EATERIES +
  • WALKING DISTANCE TO CHALKWELL MAINLINE STATION ON THE C2C LINE +
  • NO ONWARD CHAIN - WILL BE SOLD WITH VACANT POSSESSION +

ONE/TWO BEDROOM FIRST FLOOR SPACIOUS PURPOSE BUILT APARTMENT with a SHARE OF FREEHOLD and it's very own PRIVATE SOUTH FACING REAR GARDEN measuring approx 50ft. Ideally situated close to Leigh Road and Leigh Broadway with their wonderful array of cafés, bars, restaurants and boutiques along with access to Chalkwell C2C Railway station for commuters. It also falls into some fantastic school catchments. Internally the property offers bundles of living space with great size rooms and is currently used as a One bedroom and two receptions but with some potential reconfiguration then a second bedroom could be created. The vendor also recently acquired a Share Of The Freehold which means more control and no high charges to pay. The property will be sold with NO ONWARD CHAIN and vacant possession. A fantastic opportunity for First Time Buyers and Investors alike. REF :- GW0451 COMMUNAL ENTRANCE HALL Accessed via communal door with entry phone system. Lighting and under stairs storage area. Stairs to first floor accommodation. UPVc double glazed rear door leading out to the individual private gardens. ENTRANCE HALL Accessed via solid wood door with obscured glazed window inset. Recently laid carpet to flooring. Radiator. Picture rail. Smooth plastered high ceiling. Power points. Telephone entry phone system. Plenty of space for coat and shoe storage. Built in deep storage cupboard with overhead compartment. Doors to accommodation :- LIVING ROOM - 4.5m x 3.86m (14'9" x 12'8") Two double glazed windows to front aspect. Radiator. Power points. Fireplace (decoration only) with wooden mantlepiece and tiled surround. Carpet to flooring. Smooth plastered and coved high ceiling. Picture rail. High lip skirting. Telephone point. Aerial point. Sky point.  BEDROOM ONE - 4.5m x 3.07m (14'9" x 10'1") Double glazed window to front aspect. Smooth plastered high coved ceiling. Radiator. Power points. High lip skirting. Recently laid carpet to flooring. Aerial point. Built in floor to ceiling wardrobes accessed via mirrored sliding doors. Ample space for King size bed with plenty of space around. DINING ROOM / BEDROOM TWO - 3.94m x 2.79m (12'11" x 9'2")(MAX INTO CUPBOARDS) Radiator. Smooth plastered ceiling. High lip skirting. Strip wood flooring. Double glazed window to side aspect. Telephone and power points. Built in cupboards one of which houses gas and electric meter. Ample space for dining table and pull out sofa bed. Open doorway leading through to kitchen. KITCHEN - 3.71m x 2.13m (12'2" x 7'0") Range of fitted units to eye and base level. Roll top work surface. Integrated one and a half bowl sink and drainer unit with mixer tap. Built in electric oven with 4 ring gas hob and extractor hood over. Space and plumbing for washing machine, tumble dryer and fridge/freezer. Strip wood flooring. Power points. Double glazed window to side aspect. Wall mounted combination boiler. Smooth plastered high ceiling with inset LED spotlights.  BATHROOM Three pc white suite comprising of a low level WC, pedestal hand wash basin with stainless steel taps and a panel enclosed bath with stainless steel taps and wall mounted 'Triton' electric shower. Tiled floor. Smooth plastered high ceiling. Part tiled walls. Obscured double glazed window to rear aspect.  SOUTH FACING PRIVATE REAR GARDEN APPROX 50FT Measuring approx 50ft in length. Commencing with a paved patio area perfect for alfresco dining. Leading out to a mainly laid to lawn garden with fencing to boundaries. Mature shrub borders. Hard standing to far end perfect for a shed.   FRONTAGE Communal lawn and landscaped frontage with an array of mature shrubs to borders. Crazy paved pathway leading to entrance.

Agent Details

eXp UK, East of England

03304 609968

Next Steps?

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