dealsourcr

2 Bed Terraced House, Refurb/BRRR, Leigh-on-Sea, SS9 2AJ, £185,000

Leigh on Sea, SS9 2AJ - 65 views - a year ago

Refurb/BRRR
Planning
ROI: 2%
~68 m²
+12 photos

ValuationFair Value

Sold Prices£170K - £760K
Sold Prices/m²£3.5K/m² - £8.1K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.7K/m²

Value Estimate

£188,700

 

 

End Value (After Refurb)

£318,989

Uplift in Value

+72%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£46,250

Stamp Duty & Legal Fees

£6,750

Refurb Costs

£33,161

Bridging Loan Interest

£4,856

Total Cash In

£92,767

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£318,989

Agent Fees (1%)

£3,190

Bridging Loan

£138,750

Bridging Loan Interest

£4,856

Flip Profit

£84,282

Local Sold Prices

51 sold prices from £170K to £760K, average is £415K. £3.5K/m² to £8.1K/m², average is £5.6K/m².

PriceDateDistanceAddressBeds 
£450K03/210.1 mi47, Cranleigh Drive, Leigh-on-sea, Southend-on-sea SS9 1SX2
£490K03/210.12 mi167, Station Road, Leigh-on-sea, Southend-on-sea SS9 3BN2
£490K03/210.12 mi167, Station Road, Leigh-on-sea, Southend-on-sea SS9 3BN2
£275K05/210.13 mi235c, Elm Road, Leigh-on-sea, Southend-on-sea SS9 1SA2
£485K12/200.14 mi131, Southsea Avenue, Leigh-on-sea, Southend-on-sea SS9 2BH2
£368.5K03/210.18 mi47, Blenheim Crescent, Leigh-on-sea, Southend-on-sea SS9 3DT2
£390K12/230.18 mi61, Blenheim Crescent, Leigh-on-sea, Southend-on-sea SS9 3DT2
£465K04/230.19 mi51, Fairleigh Drive, Leigh-on-sea, Southend-on-sea SS9 2HZ2
£415K02/210.21 mi207, Manchester Drive, Leigh-on-sea, Southend-on-sea SS9 3ET2
£390K11/200.23 mi16, Flemming Avenue, Leigh-on-sea, Southend-on-sea SS9 3AW2
£430K02/240.24 mi212, Manchester Drive, Leigh-on-sea, Southend-on-sea SS9 3EU2
£170K03/230.25 mi12a, Torquay Drive, Leigh-on-sea, Southend-on-sea SS9 1SE2
£500K09/210.25 mi42, Glendale Gardens, Leigh-on-sea, Southend-on-sea SS9 2AS2
£310K03/240.27 mi106a, Glendale Gardens, Leigh-on-sea, Southend-on-sea SS9 2AY2
£395K02/210.28 mi19, Olivia Drive, Leigh-on-sea, Southend-on-sea SS9 3EF2
£497.5K08/210.29 mi36, Lymington Avenue, Leigh-on-sea, Southend-on-sea SS9 2AU2
£420K11/200.31 mi28, Southsea Avenue, Leigh-on-sea, Southend-on-sea SS9 2AX2
£352K12/210.31 mi106, Blenheim Crescent, Leigh-on-sea, Southend-on-sea SS9 3DX2
£293K02/230.34 mi70a, Oakleigh Park Drive, Leigh-on-sea, Southend-on-sea SS9 1RS2
£260K01/230.34 mi32, St Clements Drive, Leigh-on-sea, Southend-on-sea SS9 3BJ2
£471K04/240.37 mi78, Kingswood Chase, Leigh-on-sea, Southend-on-sea SS9 3BG2
£412K03/230.39 mi80, Cricketfield Grove, Leigh-on-sea, Southend-on-sea SS9 3EL2
£390K12/200.4 mi36, Kathleen Drive, Leigh-on-sea, Southend-on-sea SS9 3EN2
£525K08/230.4 mi41, Kathleen Drive, Leigh-on-sea, Southend-on-sea SS9 3EN2
£350K12/200.42 mi102, Blenheim Chase, Leigh-on-sea, Southend-on-sea SS9 3BT2
£300K01/230.45 mi28, Leighton Avenue, Leigh-on-sea, Southend-on-sea SS9 1QB2
£375K03/210.45 mi24, Marguerite Drive, Leigh-on-sea, Southend-on-sea SS9 1NW2
£395K08/230.45 mi26, Marguerite Drive, Leigh-on-sea, Southend-on-sea SS9 1NW2
£465K12/230.45 mi84a, Marguerite Drive, Leigh-on-sea, Southend-on-sea SS9 1NW2
£269.8K12/230.45 mi84, Marguerite Drive, Leigh-on-sea, Southend-on-sea SS9 1NW2
£546.7K12/200.46 mi67, Cliffsea Grove, Leigh-on-sea, Southend-on-sea SS9 1NG2
£640K10/230.47 mi17a, Leigh Park Road, Leigh-on-sea, Southend-on-sea SS9 2DU2
£465K03/210.48 mi12, Hadleigh Road, Leigh-on-sea, Southend-on-sea SS9 2DY2
£450K06/230.48 mi27, Hadleigh Road, Leigh-on-sea, Southend-on-sea SS9 2DY2
£420K06/210.5 mi10, Uttons Avenue, Leigh-on-sea, Southend-on-sea SS9 2EL2
£482K08/230.5 mi23, Uttons Avenue, Leigh-on-sea, Southend-on-sea SS9 2EL2
£760K01/230.5 mi84, Leigh Hill, Leigh-on-sea, Southend-on-sea SS9 1AR2
£308K02/210.5 mi181, Blenheim Chase, Leigh-on-sea, Southend-on-sea SS9 3HJ2
£565K07/230.5 mi18, Seaview Road, Leigh-on-sea, Southend-on-sea SS9 1AT2
£565K07/230.5 mi18, Seaview Road, Leigh-on-sea, Southend-on-sea SS9 1AT2
£585K07/230.51 mi23, Grange Park Drive, Leigh-on-sea, Southend-on-sea SS9 3JZ2
£475K11/230.51 mi10, Leigh Hill Close, Leigh-on-sea, Southend-on-sea SS9 2DJ2
£562.5K09/210.52 mi6, Victoria Road, Leigh-on-sea, Southend-on-sea SS9 1AU2
£380K01/210.52 mi43, Blenheim Chase, Leigh-on-sea, Southend-on-sea SS9 3BZ2
£334K01/210.52 mi49, Blenheim Chase, Leigh-on-sea, Southend-on-sea SS9 3BZ2
£415K09/230.52 mi45, Blenheim Chase, Leigh-on-sea, Southend-on-sea SS9 3BZ2
£414K10/230.52 mi41, Blenheim Chase, Leigh-on-sea, Southend-on-sea SS9 3BZ2
£340.5K12/230.52 mi8, New Road, Leigh-on-sea, Southend-on-sea SS9 2EA2
£483K05/240.52 mi11b, New Road, Leigh-on-sea, Southend-on-sea SS9 2EA2
£413.8K03/210.53 mi11a, New Road, Leigh-on-sea, Southend-on-sea SS9 2EA2
£390K03/210.53 mi6, Hazel Close, Leigh-on-sea, Southend-on-sea SS9 2UG2

Local Rents

42 rents from £900/mo to £3K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,25009/240.1 miLeigh on Sea2
£1,60002/250.12 mi-2
£1,20009/240.13 miElm Road, Leigh-On-Sea, Essex, SS92
£1,25009/240.16 mi-2
£1,20009/240.17 miTankerville Drive, Leigh-on-Sea, SS92
£1,20009/240.2 miTankerville Drive, Leigh-on-Sea2
£1,09512/240.21 mi-2
£1,45009/240.21 miLeigh Hall Road, Leigh-on-Sea2
£1,42504/250.25 mi-2
£1,40009/240.27 miGlendale Gardens, Leigh-on-Sea2
£1,29504/250.28 mi-2
£3,00009/240.29 mi-2
£1,30009/240.31 mi43a Pall MallLeigh On SeaEssex2
£1,75009/240.31 miLeighton Avenue, Leigh-On-Sea2
£1,50009/240.33 mi-2
£1,25009/240.36 miSalisbury Road, Leigh-on-Sea2
£1,45004/250.4 mi-2
£1,25009/240.4 miPall Mall, Leigh-on-Sea2
£1,25002/250.41 mi-2
£1,25009/240.41 miHadleigh Road, Leigh On Sea, Essex2
£99509/240.42 miSt Clements Court, Broadway West, Leigh-on-Sea2
£1,25009/240.43 miLeigh on Sea - Marine Estate2
£1,65009/240.43 miThe Broadway, Leigh on sea, Leigh on sea, 2
£1,95009/240.43 miWest Street, Leigh On Sea2
£1,25009/240.45 miBroadway, Leigh-On-Sea2
£1,15009/240.46 miPavilion Drive, Leigh on sea2
£1,65003/250.47 mi-2
£1,45009/240.47 mi-2
£1,35009/240.49 miLaurel Close, Leigh-on-Sea2
£1,35012/240.5 mi-2
£1,20009/240.5 miLeigh Road, Leigh-On-Sea2
£1,49509/240.5 miGrange Park Drive Leigh On Sea2
£90012/240.53 mi-2
£1,55012/240.53 mi-2
£1,25009/240.54 miLondon Road, Leigh-on-Sea2
£1,35012/240.56 mi-2
£2,10003/250.57 mi-2
£1,37509/240.58 miSuffolk Avenue, Leigh on Sea2
£1,80003/250.59 mi-2
£1,80012/240.6 mi-2
£1,85003/250.6 mi-2
£1,35009/240.6 miGrand Drive, Leigh On Sea, Essex2

Links

Local Area Statistics

Population in SS9

49,984

Town centre distance

0.46 miles away

Nearest school

0.30 miles away

Nearest train station

0.76 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+14%

Sales demand

Balanced market

Capital growth (5yrs)

+24%

Property History

Listed for £185,000

March 8, 2024

Floor Plans

Description

  • Large Roof Terrace +
  • No Chain +
  • Full Refurbishment Required +
  • Leigh on Sea Location +
  • Unofficial Parking +
  • Share of Freehold +
  • Planning Permission Approved for Loft Conversion +

PLANNING PERMISSION APPROVED FOR LOFT CONVERSION * 21FT ROOF TERRACE * UNOFFICIAL PARKING * PERFECT LEIGH ON SEA LOCATION *

OFFERS OVER £185,000.........Coulson James are pleased to offer to the market this two bedroom first floor flat located in Leigh on sea. This property requires full refurbishment and re modernisation throughout but has the perfect shell to scale the property to its full potential.

Situated on London Road, within the heart of Leigh on Sea, this ideal property is close to Waitrose, local bus routes and within easy reach of mainline railway c2c station serving London Fenchurch Street for commuters. Also within walking distance is Leigh's fashionable Broadway with its array of bars, café's, restaurants and popular boutiques. Offered with no onward Chain. Council Tax Band A. REF 3199.

Terrace 216 x 171
Lounge 15' x 179
Kitchen 202 x 61
Main Bedroom 131 x 114
Bedroom Two 115 x 610

Agent Details

Coulson James, Leigh on Sea

01702 967528

Next Steps?

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

Similar Properties

Like this property? Maybe you'll like these ones close by too.

4 Bed House, Refurb/BRRR, Leigh-on-Sea, SS9 1ST

£800,000

2 views • 4 months ago • 129 m²

3 Bed House, Refurb/BRRR, Leigh-on-Sea, SS9 3AW

£500,000

2 months ago • 93 m²

3 Bed House, Refurb/BRRR, Leigh-on-Sea, SS9 2AS

£489,000

1 views • 2 months ago • 93 m²

Sold STC

2 Bed Bungalow, Refurb/BRRR, Leigh-on-Sea, SS9 3DX

£425,000

3 views • 3 months ago • 68 m²

dealsourcr
Deals
Deal SearchSaved SearchesSaved DealsAddress Lookup
Tools
Deal AnalyserRightmove LookupRefurb CalculatorNew Build CalculatorStamp Duty Calculator
Refer a friend. Get £140!My Account