2 Bed Flat, Single Let, Southend-on-Sea, SS2 6PG, £115,000

Cecil Court, Southend on Sea, SS2 6PG - 9 views - a year ago

Leasehold
BTL
ROI: 15%
~68 m²

ValuationUndervalued

Sold Prices£75K - £440K
Sold Prices/m²£1.9K/m² - £5.4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.7K/m²

Value Estimate

£138,000
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£28,750

Stamp Duty & Legal Fees

£4,650

Total Cash In

£33,400

 

 

Cash Out

 

Rent Range

£850 - £2,399

Rent Estimate

£1,000

Running Costs/mo

£579

Cashflow/mo

£421

Cashflow/yr

£5,048

ROI

15%

Gross Yield

10%

Local Sold Prices

50 sold prices from £75K to £440K, average is £209K. £1.9K/m² to £5.4K/m², average is £3.1K/m².

PriceDateDistanceAddressBeds 
£440K12/200.21 mi1, Beeleigh Close, Southend-on-sea SS2 6PA2
£245K05/230.22 mi11a, Shakespeare Avenue, Westcliff-on-sea, Southend-on-sea SS0 0ST2
£240K09/210.27 mi55, Shakespeare Drive, Westcliff-on-sea, Southend-on-sea SS0 9AA2
£213K12/230.32 mi194, Fairfax Drive, Westcliff-on-sea, Southend-on-sea SS0 9BG2
£208K03/230.39 mi158, Glenwood Avenue, Westcliff-on-sea, Southend-on-sea SS0 9DT2
£167K05/230.41 mi154, Brightwell Avenue, Westcliff-on-sea, Southend-on-sea SS0 9EH2
£177K07/210.45 mi30a, Westborough Road, Westcliff-on-sea, Southend-on-sea SS0 9DP2
£218K11/210.46 mi96a, Ennismore Gardens, Southend-on-sea SS2 5RB2
£210K12/200.46 mi96, Ennismore Gardens, Southend-on-sea SS2 5RB2
£237.5K05/230.46 mi108a, Ennismore Gardens, Southend-on-sea SS2 5RB2
£205K04/210.47 mi64, Westborough Road, Westcliff-on-sea, Southend-on-sea SS0 9DL2
£145K07/210.48 mi24, Tunbridge Road, Southend-on-sea SS2 6LT2
£220K12/230.48 mi24a, Tunbridge Road, Southend-on-sea SS2 6LT2
£220K03/230.5 mi126, East Street, Southend-on-sea SS2 5EE2
£190K12/200.51 mi19, Rayleigh Avenue, Westcliff-on-sea, Southend-on-sea SS0 7DS2
£165K10/230.52 mi7a, Rayleigh Avenue, Westcliff-on-sea, Southend-on-sea SS0 7DS2
£248K08/230.55 mi180, East Street, Southend-on-sea SS2 5EA2
£190K11/200.55 mi14, Thornford Gardens, Southend-on-sea SS2 6PU2
£180K12/230.57 mi8b, Rochford Road, Southend-on-sea SS2 6SP2
£167K03/210.58 mi89, Electric Avenue, Westcliff-on-sea, Southend-on-sea SS0 9NL2
£220K02/230.59 mi485a, Sutton Road, Southend-on-sea SS2 5PL2
£210K08/230.59 mi473b, Sutton Road, Southend-on-sea SS2 5PL2
£200K11/210.6 mi259, Hamlet Court Road, Westcliff-on-sea, Southend-on-sea SS0 7DD2
£260K11/210.62 mi15, Brightwell Avenue, Westcliff-on-sea, Southend-on-sea SS0 9EB2
£150K09/230.65 mi20, Beedell Avenue, Westcliff-on-sea, Southend-on-sea SS0 9JU2
£225K03/230.65 mi15a, Beedell Avenue, Westcliff-on-sea, Southend-on-sea SS0 9JT2
£152K12/230.66 mi128a, Tintern Avenue, Westcliff-on-sea, Southend-on-sea SS0 9QF2
£198.5K05/230.66 mi72, Southview Drive, Westcliff-on-sea, Southend-on-sea SS0 9QB2
£200K06/210.66 mi8, Claremont Road, Westcliff-on-sea, Southend-on-sea SS0 7DZ2
£166.5K12/200.75 mi319a, Westborough Road, Westcliff-on-sea, Southend-on-sea SS0 9PU2
£265K12/230.75 mi57, Boston Avenue, Southend-on-sea SS2 6JH2
£235K03/230.75 mi49a, Boston Avenue, Southend-on-sea SS2 6JH2
£206K04/210.76 mi197, Hildaville Drive, Westcliff-on-sea, Southend-on-sea SS0 9RP2
£240.5K04/210.76 mi68a, Valkyrie Road, Westcliff-on-sea, Southend-on-sea SS0 8AP2
£205K05/210.77 mi46a, Cranley Road, Westcliff-on-sea, Southend-on-sea SS0 8AL2
£232K07/210.78 mi187, Hildaville Drive, Westcliff-on-sea, Southend-on-sea SS0 9RP2
£166.5K12/200.79 mi319a, Westborough Road, Westcliff-on-sea, Southend-on-sea SS0 9PU2
£170K06/230.79 mi1, Fairville Mews, Westcliff-on-sea, Southend-on-sea SS0 9QU2
£75K04/210.79 miFlat 27, Martins Court, Stadium Road, Southend-on-sea SS2 5DH2
£235K06/210.79 mi3, Elderton Road, Westcliff-on-sea, Southend-on-sea SS0 8AG2
£240K02/210.79 mi20a, Ronald Park Avenue, Westcliff-on-sea, Southend-on-sea SS0 9QL2
£150K06/210.79 mi7, Balmoral Road, Westcliff-on-sea, Southend-on-sea SS0 7DG2
£265K05/230.8 mi50, Cranley Road, Westcliff-on-sea, Southend-on-sea SS0 8AL2
£237.5K09/230.8 mi32a, Ronald Park Avenue, Westcliff-on-sea, Southend-on-sea SS0 9QL2
£225K06/210.8 mi2, Burdett Avenue, Westcliff-on-sea, Southend-on-sea SS0 7JW2
£185K11/200.81 mi78, Hildaville Drive, Westcliff-on-sea, Southend-on-sea SS0 9RS2
£215K04/230.81 mi3, Cranley Road, Westcliff-on-sea, Southend-on-sea SS0 8AJ2
£135K11/230.81 mi1, Burdett Avenue, Westcliff-on-sea, Southend-on-sea SS0 7JN2
£220K04/230.81 mi27a, Cotswold Road, Westcliff-on-sea, Southend-on-sea SS0 8AA2
£170K10/210.81 mi460, Fairfax Drive, Westcliff-on-sea, Southend-on-sea SS0 9RN2

Local Rents

44 rents from £850/mo to £2.4K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,45009/240.14 miFairfax Drive, Westcliff-on-Sea, Essex, SS02
£1,55004/250.25 mi-2
£1,25003/250.25 mi-2
£1,40007/240.25 mi-2
£1,00009/240.25 mi2 bedroom Ground Floor Flat in Westcliff on Sea2
£1,55001/240.26 mi-2
£1,25010/240.26 mi-2
£1,25003/250.26 mi-2
£1,25003/250.26 mi-2
£1,22504/250.26 mi-2
£1,55004/250.26 mi-2
£1,55004/250.26 mi-2
£1,35009/240.27 miHighfield Close, Westcliff-On-Sea2
£1,20009/240.27 miFairfax Drive, Westcliff-On-Sea, Essex, SS02
£1,40009/240.33 miShakespeare Drive, Westcliff-on-Sea2
£1,65003/250.35 mi-2
£2,39909/240.36 mi-2
£1,40002/240.4 mi-2
£1,05009/240.41 miAvebury Road, Westcliff-On-Sea2
£1,30009/240.41 miNorth Road, Westcliff On Sea2
£1,43009/240.41 mi-2
£1,35008/240.41 mi-2
£1,46511/240.41 mi-2
£1,43009/240.41 miLavender Grove, Westcliff-On-Sea, SS02
£1,35009/240.41 miLavender Grove, Westcliff-On-Sea, SS02
£1,25010/240.41 mi-2
£1,35004/250.42 mi-2
£1,25009/240.43 miHillborough Road2
£1,40001/240.45 mi-2
£1,40007/240.45 mi-2
£1,50007/240.45 mi-2
£1,50111/240.45 mi-2
£1,00009/240.47 miHobleythick Lane, Westcliff On Sea2
£1,00009/240.47 miFielding Way, Westcliff-On-Sea2
£1,15012/240.47 mi-2
£1,30003/250.48 mi-2
£1,20009/240.48 mi2 bedroom Ground Floor Flat in Westcliff on Sea2
£1,50010/240.48 mi-2
£1,37509/240.49 miFairfax Drive, Westcliff on Sea, SS02
£85003/240.5 miRochford Avenue,Westcliff-On-Sea,SS02
£1,35002/250.51 mi-2
£1,00008/240.52 mi-2
£1,05001/250.54 mi-2
£1,00004/250.54 mi-2

Local Area Statistics

Population in SS2

36,418

Population in Southend-on-Sea

106,129

Town centre distance

0.90 miles away

Nearest school

0.20 miles away

Nearest train station

0.46 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+8%

Sales demand

Balanced market

Capital growth (5yrs)

+24%

Property History

Listed for £115,000

April 24, 2024

Floor Plans

Description

  • One Bedroom Purpose Built Flat +
  • Positioned on the Second Floor with Lift Access +
  • Two Spacious Double Bedrooms +
  • A Well-Proportioned Living Room +
  • Fitted Kitchen and Bathroom +
  • Enjoy an Enclosed Balcony +
  • Conveniently Located Near Priory Park +
  • Within Walking Distance of Prittlewell Station +
  • Easy Access to Local Schools +
  • Quick and Convenient Reach of Southend City Centre +

GUIDE PRICE £115,000 - £120,000. Coulson James proudly presents this generously sized second-floor flat, conveniently located within easy reach of Southend city Centre, renowned schools in Southend & Westcliff, Prittlewell station, and the charming well known Priory Park.

This exceptional purpose-built apartment offers an ideal residence or a lucrative 'buy to let' investment opportunity. Boasting well-proportioned accommodation, it comprises two double bedrooms, a spacious living/dining reception room, a fitted kitchen, a bathroom, and an enclosed balcony. With 87 years remaining on the lease, the property also features uPVC double glazing, gas central heating, lifts, and an intercom entry system. Council Tax Band - A. REF: 3375

Lounge/Diner
16'1" x 12'1" (4.9m x 3.68m)
Kitchen
12'1" x 5'9" (3.68m x 1.75m)
Bedroom One
14'0" x 9'0" (4.27m x 2.74m)
Bedroom Two
12'1" x 9'1" (3.68m x 2.77m)

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 💪