2 Bed Flat, Single Let, Southend-on-Sea, SS1 2ZS, £190,000

Audley Court, 1 Forge Way, Southend-On-Sea, Essex, SS1 2ZS - 6 views - a year ago

Leasehold
BTL
ROI: 3%
~60 m²
+10 photos

ValuationUndervalued

Sold Prices£1 - £337K
Sold Prices/m²£0/m² - £5.1K/m²

 

 

Square Metres

~59.50 m²
Price/m²£3.2K/m²

Value Estimate

£194,514
BMV2%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£47,500

Stamp Duty & Legal Fees

£6,900

Total Cash In

£54,400

 

 

Cash Out

 

Rent Range

£850 - £2,500

Rent Estimate

£951

Running Costs/mo

£804

Cashflow/mo

£147

Cashflow/yr

£1,765

ROI

3%

Gross Yield

6%

Local Sold Prices

51 sold prices from £1 to £337K, average is £200K. £0/m² to £5.1K/m², average is £3.3K/m².

PriceDateDistanceAddressBeds 
£220K03/230.04 mi51, Eastern Esplanade, Southend-on-sea SS1 2ES2
£240K11/210.1 mi3, Jetty Mews, Southend-on-sea SS1 2AG2
£220K01/230.12 mi28, Retort Close, Southend-on-sea SS1 2AQ2
£103/210.12 mi31, Northumberland Avenue, Southend-on-sea SS1 2TH2
£230K07/230.15 miFlat 15, Melville Court, Victoria Road, Southend-on-sea SS1 2TQ2
£192K04/210.18 mi21a, Kensington Road, Southend-on-sea SS1 2SX2
£290K06/230.18 mi45a, Kensington Road, Southend-on-sea SS1 2SX2
£337K08/210.19 mi100, Victoria Road, Southend-on-sea SS1 2TF2
£195.5K03/230.2 mi89, Marks Court, Southend-on-sea SS1 2RQ2
£175K03/210.23 mi22, Marks Court, Southend-on-sea SS1 2RH2
£153K11/200.23 mi34, Marks Court, Southend-on-sea SS1 2RH2
£267.5K07/210.3 mi1a, Chester Avenue, Southend-on-sea SS1 2YW2
£267.5K07/210.31 mi1a, Chester Avenue, Southend-on-sea SS1 2YW2
£217.5K01/230.31 mi11a, Cheltenham Road, Southend-on-sea SS1 2SB2
£265K06/230.34 mi6a, Chelsea Avenue, Southend-on-sea SS1 2YL2
£215K04/210.35 mi123, Eastern Esplanade, Southend-on-sea SS1 2YH2
£280K10/210.37 mi6, Chelsea Avenue, Southend-on-sea SS1 2YL2
£197K12/200.4 mi53, Leamington Road, Southend-on-sea SS1 2SW2
£177.5K11/200.41 mi131a, Brunswick Road, Southend-on-sea SS1 2UL2
£189K03/210.41 mi55, Cheltenham Road, Southend-on-sea SS1 2SA2
£190K06/210.42 mi43a, Honiton Road, Southend-on-sea SS1 2RY2
£155K12/220.43 mi109, Southchurch Avenue, Southend-on-sea SS1 2RW2
£320K05/210.44 mi132, Southchurch Avenue, Southend-on-sea SS1 2RP2
£245K01/230.45 mi12, Cromer Road, Southend-on-sea SS1 2DU2
£330K09/210.46 mi111, Ambleside Drive, Southend-on-sea SS1 2UP2
£197.5K12/230.47 mi49, Ambleside Drive, Southend-on-sea SS1 2UT2
£175K08/210.47 mi59, Ambleside Drive, Southend-on-sea SS1 2UT2
£230K12/220.48 mi3, Hastings Road, Southend-on-sea SS1 2DR2
£170K09/230.49 mi111c, York Road, Southend-on-sea SS1 2DL2
£130K06/210.49 mi120a, York Road, Southend-on-sea SS1 2DJ2
£148.5K06/210.51 mi11, Kilworth Avenue, Southend-on-sea SS1 2DS2
£198K05/230.53 mi3a, Hastings Road, Southend-on-sea SS1 2DR2
£300K07/230.58 mi12, Plas Newydd Close, Southend-on-sea SS1 3AH2
£210K12/230.59 mi9a, Lancaster Gardens, Southend-on-sea SS1 2NS2
£192.5K10/230.6 mi15a, Lovelace Avenue, Southend-on-sea SS1 2QU2
£245K03/210.63 mi31a, Plas Newydd, Southend-on-sea SS1 3AG2
£255K06/230.63 mi23a, Plas Newydd, Southend-on-sea SS1 3AG2
£200K06/210.65 mi31a, Christchurch Road, Southend-on-sea SS2 4JS2
£130K08/230.65 mi75a, Tyrrel Drive, Southend-on-sea SS1 2LN2
£193K12/230.65 mi6, Tyrrel Drive, Southend-on-sea SS1 2LN2
£210K10/200.66 mi8a, Tyrrel Drive, Southend-on-sea SS1 2LN2
£170K06/210.66 mi36a, Oakleigh Avenue, Southend-on-sea SS1 2QR2
£180K03/210.67 mi16a, Stromness Road, Southend-on-sea SS2 4JQ2
£270K11/210.69 mi4, Bellevue Mews, Southend-on-sea SS2 4PE2
£192.5K06/210.7 mi27a, Stromness Road, Southend-on-sea SS2 4JG2
£200K10/210.7 mi39, Stromness Road, Southend-on-sea SS2 4JG2
£200K03/210.71 mi78, Boscombe Road, Southend-on-sea SS2 4JP2
£180K05/210.71 mi101a, Boscombe Road, Southend-on-sea SS2 4JP2
£220K10/230.71 miGround Floor Flat, 28, Whitegate Road, Southend-on-sea SS1 2LQ2
£177K03/210.72 mi11a, Oban Road, Southend-on-sea SS2 4JJ2
£177K03/210.72 mi11a, Oban Road, Southend-on-sea SS2 4JJ2

Local Rents

50 rents from £850/mo to £2.5K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£2,50002/250.02 mi-2
£1,50003/250.02 mi-2
£1,15009/240.09 miRetort Close, Southend on Sea2
£1,30007/240.13 mi-2
£1,25009/240.15 miManilla Road, Southend-on-Sea2
£1,14503/250.17 mi-2
£1,00009/240.2 miMarks Court, Southend-On-Sea2
£1,00009/240.23 miSouthchurch Avenue, Southend-On-Sea2
£1,07509/240.24 miCamper Road, Southend On Sea2
£1,50007/240.26 mi-2
£1,50008/240.26 mi-2
£1,55008/240.26 mi-2
£92509/240.27 miNorthumberland Crescent, Southend On Sea2
£1,19503/250.27 mi-2
£1,05002/250.29 mi-2
£1,10002/240.29 mi-2
£1,10009/240.31 miClose To Seafront, Southend On Sea2
£1,20002/250.32 miSeafront, Southend On Sea2
£1,50009/240.32 miFreemans Court, 1 Honiton Road, Southend On Sea, Essex, SS12
£1,30009/240.34 miSouthchurch Avenue, Southend-on-Sea, Essex, SS12
£1,40007/240.34 mi-2
£1,39509/240.34 miWoodgrange Drive, Southend-On-Sea2
£90010/240.34 mi-2
£1,20009/240.35 miSouthchurch Avenue, Southend On Sea2
£1,40009/240.36 miEastern Esplanade, Waterside, SS12
£2,25004/250.38 mi-2
£99502/240.39 mi-2
£99509/240.39 mi-2
£1,10003/250.39 mi-2
£1,20009/240.4 miYork Road, Southend-On-Sea, Essex, SS12
£1,20009/240.41 miHoniton Road, Southend-On-Sea2
£1,30009/240.42 miElizabeth Road, Southend on sea, Southend on Sea, 2
£2,07009/240.43 mi-2
£2,07009/240.43 miNorthumberland Crescent, Southend-On-Sea, SS12
£1,30003/250.44 mi-2
£1,10008/240.44 mi-2
£1,60004/250.45 mi-2
£1,15009/240.46 miYork Road, Southend-on-Sea2
£1,50009/240.47 miEastern Esplanade, Southend-On-Sea2
£1,50009/240.47 miEastern Esplanade, Southend-On-Sea, Essex, SS12
£1,40009/240.47 miSovereign Views, SOUTH END2
£1,60009/240.48 miEastern Esplanade, Southend-on-Sea, Essex, SS12
£1,20004/250.49 mi-2
£1,20004/250.49 mi-2
£1,40009/240.5 miChase Court Gardens, Southend-on-Sea2
£1,25007/240.51 mi-2
£1,12508/240.51 mi-2
£85010/240.53 mi-2
£1,29501/250.53 mi-2
£1,05001/250.54 mi-2

Local Area Statistics

Population in SS1

26,369

Population in Southend-on-Sea

106,129

Town centre distance

1.28 miles away

Nearest school

0.50 miles away

Nearest train station

0.50 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+40%

Sales demand

Buyer's market

Capital growth (5yrs)

+21%

Property History

Listed for £190,000

December 7, 2023

Floor Plans

Description

  • Two Bedroom Purpose Built First Floor Apartment +
  • En-suite Shower Room To Master Bedroom +
  • Modern Open Plan Living Arrangement +
  • Situated In A Modern Development Close To The Seafront +
  • Allocated Parking Space In A Secure Gated Car Park +
  • Offered To The Market With No Onward Chain +
  • Secure Entry Phone System And Communal Garden +
  • Double Glazing And Electric Radiator Heating +
  • Close Proximity To Local Shops, The Beach And Seafront +
  • Close To Southchurch Park And Southchurch Hall Park +

FEATURED IN THE BIG OPEN HOUSE EVENT 28TH AND 29TH SEPTEMBER. Please call for viewing arrangements

Investors Only, Tenants in Situ

A Two Bedroom Purpose Built First Floor Apartment With An Open Plan Living Arrangement And Allocated Parking

The property is situated just off the seafront in the popular secure gated complex of Audley Court. It is within close proximity to the beach, Southchurch Park, Southchurch Hall Park, local shops, the town centre and mainline railway stations to London with good local road transport link.

We offer this well presented two-bedroom first floor apartment with an allocated parking space situated in the Audley Court Complex and offered to the market with no onward chain. The additional accommodation comprises a modern open plan lounge/kitchen/diner, and ensuite shower room to the master bedroom and a modern three-piece bathroom. Benefits include a secure entry phone system, double glazing, electric heating and a communal garden. The property is offered to the market with no onward chain.

The property is situated just off the seafront in the popular secure gated complex of Audley Court. It is within close proximity to the beach, Southchurch Park, Southchurch Hall Park, local shops, the town centre and mainline railway stations to London with good local road transport link

Agent Details

Bairstow Eves, Southend-on-Sea

01702 967948

Next Steps?

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