2 Bed Flat, Single Let, Southend-on-Sea, SS1 2EB, £175,000

204 Woodgrange Drive, Southend-on-Sea, Essex, SS1 2SJ - 7 views - a year ago

Leasehold
BTL
ROI: 5%
~68 m²
+10 photos

ValuationUndervalued

Sold Prices£130K - £337K
Sold Prices/m²£1.6K/m² - £5.1K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.6K/m²

Value Estimate

£217,732
BMV24%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£43,750

Stamp Duty & Legal Fees

£6,450

Total Cash In

£50,200

 

 

Cash Out

 

Rent Range

£900 - £2,250

Rent Estimate

£950

Running Costs/mo

£757

Cashflow/mo

£193

Cashflow/yr

£2,318

ROI

5%

Gross Yield

7%

Local Sold Prices

51 sold prices from £130K to £337K, average is £197.5K. £1.6K/m² to £5.1K/m², average is £3.2K/m².

PriceDateDistanceAddressBeds 
£200K06/210.07 mi31a, Christchurch Road, Southend-on-sea SS2 4JS2
£180K03/210.12 mi16a, Stromness Road, Southend-on-sea SS2 4JQ2
£192.5K06/210.13 mi27a, Stromness Road, Southend-on-sea SS2 4JG2
£200K10/210.13 mi39, Stromness Road, Southend-on-sea SS2 4JG2
£177K03/210.13 mi11a, Oban Road, Southend-on-sea SS2 4JJ2
£177K03/210.13 mi11a, Oban Road, Southend-on-sea SS2 4JJ2
£197.5K12/230.13 mi49, Ambleside Drive, Southend-on-sea SS1 2UT2
£175K08/210.14 mi59, Ambleside Drive, Southend-on-sea SS1 2UT2
£270K11/210.14 mi4, Bellevue Mews, Southend-on-sea SS2 4PE2
£200K03/210.15 mi78, Boscombe Road, Southend-on-sea SS2 4JP2
£180K05/210.15 mi101a, Boscombe Road, Southend-on-sea SS2 4JP2
£200K02/210.18 mi69a, Wimborne Road, Southend-on-sea SS2 4JR2
£197K12/200.19 mi53, Leamington Road, Southend-on-sea SS1 2SW2
£330K09/210.19 mi111, Ambleside Drive, Southend-on-sea SS1 2UP2
£189K03/210.19 mi55, Cheltenham Road, Southend-on-sea SS1 2SA2
£190K06/210.22 mi43a, Honiton Road, Southend-on-sea SS1 2RY2
£320K05/210.23 mi132, Southchurch Avenue, Southend-on-sea SS1 2RP2
£220K12/220.23 mi18a, Ilfracombe Road, Southend-on-sea SS2 4PB2
£148.5K06/210.26 mi11, Kilworth Avenue, Southend-on-sea SS1 2DS2
£155K12/220.27 mi109, Southchurch Avenue, Southend-on-sea SS1 2RW2
£192.5K10/230.29 mi15a, Lovelace Avenue, Southend-on-sea SS1 2QU2
£160K07/210.29 mi2a, Trinity Road, Southend-on-sea SS2 4HJ2
£245K01/230.29 mi12, Cromer Road, Southend-on-sea SS1 2DU2
£210K12/230.29 mi9a, Lancaster Gardens, Southend-on-sea SS1 2NS2
£217K06/230.3 mi56, Lovelace Gardens, Southend-on-sea SS2 4NU2
£217.5K01/230.3 mi11a, Cheltenham Road, Southend-on-sea SS1 2SB2
£195K03/210.33 mi21a, Surbiton Road, Southend-on-sea SS2 4NR2
£200K09/210.34 mi70a, South Avenue, Southend-on-sea SS2 5JB2
£198K05/230.34 mi3a, Hastings Road, Southend-on-sea SS1 2DR2
£200K09/210.35 mi43a, Swanage Road, Southend-on-sea SS2 5HX2
£140.5K03/210.35 mi40, Sutton Road, Southend-on-sea SS2 5EW2
£210K10/200.35 mi8a, Tyrrel Drive, Southend-on-sea SS1 2LN2
£177.5K11/200.36 mi131a, Brunswick Road, Southend-on-sea SS1 2UL2
£130K08/230.36 mi75a, Tyrrel Drive, Southend-on-sea SS1 2LN2
£193K12/230.36 mi6, Tyrrel Drive, Southend-on-sea SS1 2LN2
£230K12/220.37 mi3, Hastings Road, Southend-on-sea SS1 2DR2
£198K04/210.37 mi40a, Westbury Road, Southend-on-sea SS2 4DP2
£200K09/210.37 mi70a, South Avenue, Southend-on-sea SS2 5JB2
£202.5K02/210.38 mi29, South Avenue, Southend-on-sea SS2 5JA2
£170K06/210.38 mi36a, Oakleigh Avenue, Southend-on-sea SS1 2QR2
£170K09/230.39 mi111c, York Road, Southend-on-sea SS1 2DL2
£209K12/200.4 mi262, Central Avenue, Southend-on-sea SS2 4EE2
£195K12/200.4 mi118, Trinity Road, Southend-on-sea SS2 4HW2
£210K09/210.43 mi41, Central Avenue, Southend-on-sea SS2 5HR2
£130K06/210.43 mi120a, York Road, Southend-on-sea SS1 2DJ2
£211K12/200.44 mi209a, Stornoway Road, Southend-on-sea SS2 4NJ2
£195.5K03/230.45 mi89, Marks Court, Southend-on-sea SS1 2RQ2
£175K03/210.46 mi22, Marks Court, Southend-on-sea SS1 2RH2
£153K11/200.46 mi34, Marks Court, Southend-on-sea SS1 2RH2
£337K08/210.46 mi100, Victoria Road, Southend-on-sea SS1 2TF2
£235K01/210.51 mi2a, Dryden Avenue, Southend-on-sea SS2 5EU2

Local Rents

48 rents from £900/mo to £2.3K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,45002/250.01 mi-2
£1,40012/240.01 mi-2
£1,35010/230.02 mi-2
£1,10009/240.09 mi2 bedroom 1st Floor Flat in Southend on Sea2
£1,40009/240.09 miChase Court Gardens, Southend-on-Sea2
£1,25007/240.09 mi-2
£1,30009/240.12 mi-2
£1,20003/250.13 mi-2
£97509/240.14 miStromness Road, Southend-On-Sea, Essex, SS22
£1,20009/240.14 miSouthchurch Avenue, Southend-On-Sea2
£1,40009/240.16 mi-2
£1,45003/250.16 mi-2
£1,40009/240.17 miHighbanks, Southend on Sea2
£97512/230.19 mi-2
£1,35009/240.19 mi-2
£1,20009/240.22 miHoniton Road, Southend-On-Sea2
£1,25009/240.23 miSouthchurch Road, Southend-On-Sea, Essex, SS12
£1,25009/240.23 miSouthchurch Road, Southend-On-Sea, Essex, SS12
£1,25009/240.24 miSouthchurch Road, Southend-On-Sea, Essex, SS12
£1,60004/250.24 mi-2
£1,30011/240.29 mi-2
£1,30012/240.29 mi-2
£1,20004/250.29 mi-2
£1,10009/240.3 miClose To Seafront, Southend On Sea2
£1,18509/240.31 miSouthchurch Road, Southend-on-Sea, Essex, SS1 2PW2
£1,00009/240.31 miMontague Buildings, Southchurch Road, Southend-on-Sea, Essex2
£99502/240.33 mi-2
£99509/240.33 mi-2
£1,10003/250.33 mi-2
£1,50009/240.33 miFreemans Court, 1 Honiton Road, Southend On Sea, Essex, SS12
£95009/240.33 miBournemouth Park Road, Southend-On-Sea, Essex, SS22
£1,20002/250.33 miSeafront, Southend On Sea2
£1,20009/240.34 miYork Road, Southend-On-Sea, Essex, SS12
£1,19503/250.34 mi-2
£1,30009/240.34 miSouthchurch Avenue, Southend-on-Sea, Essex, SS12
£1,20009/240.35 miSouthchurch Avenue, Southend On Sea2
£1,15009/240.35 miYork Road, Southend-on-Sea2
£1,00009/240.35 miThe Courtyard, Southchurch Road2
£1,10002/240.35 mi-2
£1,05002/250.35 mi-2
£1,10009/240.36 miSouthchurch Road, Southend-On-Sea2
£1,30003/250.37 mi-2
£90010/240.37 mi-2
£1,10008/240.37 mi-2
£1,29501/250.38 mi-2
£2,25004/250.38 mi-2
£1,29508/240.39 mi-2
£1,39509/240.41 miWoodgrange Drive, Southend-On-Sea2

Local Area Statistics

Population in SS1

26,369

Population in Southend-on-Sea

106,129

Town centre distance

0.70 miles away

Nearest school

0.10 miles away

Nearest train station

0.23 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+40%

Sales demand

Buyer's market

Capital growth (5yrs)

+21%

Property History

Listed for £175,000

May 2, 2024

Floor Plans

Description

  • Second Floor Flat +
  • Four Piece Bathroom +
  • Lift Access +
  • One Allocated Off-Street Parking Space +
  • Two Double Bedrooms +
  • Communal Grounds +
  • Open Plan Kitchen/Living Room +
  • Double Glazing +
  • Integrated Applicances +
  • Electric Heating +

NO ONWARD CHAIN - SECURE GATED PARKING £175,000-£185,000
Bear Estate Agents are delighted to offer for sale this spacious bright and airy two bedroom second floor apartment situated in a popular purpose-built development within easy access of major rail links that serve both London's Liverpool and Fenchurch Street line, along with Southend City Centre and the seafront.

The accommodation comprises a communal concierge with stairs and lift access to all floors, a good-sized entrance hallway with large built-in cupboards, two double bedrooms, a luxury four piece bathroom and a stunning kitchen/living room with integrated appliances. Further benefits include large double glazed windows allowing plenty of light, electric heaters, one allocated off-street parking space via secure entry gates and access to a well-tended communal garden.

Meridian Point is a popular purpose-built development and is perfectly located within easy reach of two major rail links which serve London's Liverpool and Fenchurch Street lines. Southend City Centre and the seafront are also within easy distance.

Communal Entrance - Communal concierge, stairs and lift to all floors. Hardwood entrance door to:

Entrance Hall - 2.69m x 2.57m (8'10 x 8'5) - Smooth ceilings, inset downlighters, wall-mounted electric heater, telephone point, large cupboard with dual opening doors and doors to:

Bedroom One - 3.33m x 3.23m (10'11 x 10'7) - Smooth ceiling, large double glazed window to the rear aspect overlooking the communal grounds, wall-mounted electric heater and a TV point

Bedroom Two - 3.05m x 3.05m (10'0 x 10'0) - Smooth ceilings, large double glazed window to the rear aspect overlooking the communal grounds, telephone point and a wall-mounted electric heater.

Bathroom - 2.62m x 2.13m (8'7 x 7'0) - Smooth ceilings, multiple inset downlighters, extractor fan, tiling to walls, vinyl floor, a stunning white suite comprises a sink unit with mixer tap, WC, tiled bath with mixer tap and shower attachment, large walk-in tiled shower enclosure with a waterfall style shower, chrome heated tail rail and feature mirrored units with LED lighting.

Kitchen/Living Room - 6.88m x 5.05m > 3.43m (22'7 x 16'7 > 11'3) - Smooth ceilings, large floor to ceiling double glazed window and door with a Juliet balcony overlooking the communal gardens, TV and telephone points and a wall-mounted electric heater. The kitchen comprises a modern range of base and eye level storage units, complemented with roll edge worktops, inset one and a quarter bowel sink with a mixer tap, four ring electric hob with an extractor fan above and a built-in oven under, integrated fridge/freezer, dishwasher and washing machine.

Communal Areas - Accessed via secure entry gates, one allocated parking space and communal grounds.

Agent Details

Bear Estate Agents, Southend-on-Sea

01702 967452

Next Steps?

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