2 Bed Flat, Single Let, Leigh-on-Sea, SS9 4BF, £220,000

Priorywood Drive, Leigh-on-sea, SS9 4BF - 4 views - a year ago

Leasehold

BTL

ROI: 3%

~68 m²

+7 photos

ValuationUndervalued

Sold Prices	£170K - £375K
Sold Prices/m²	£2.4K/m² - £5.3K/m²

Square Metres	~68.11 m²
Price/m²	£3.2K/m²
Value Estimate	£270,600£270,600
BMV	23%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£55,000£55,000
Stamp Duty & Legal Fees	£7,800£7,800
Total Cash In	£62,800£62,800

Cash Out
Rent Range	£900 - £3,000£900 - £3,000
Rent Estimate	£1,100
Running Costs/mo	£928£928
Cashflow/mo	£173£173
Cashflow/yr	£2,070£2,070
ROI	3%3%
Gross Yield	6%6%

Local Sold Prices

51 sold prices from £170K to £375K, average is £270K. £2.4K/m² to £5.3K/m², average is £4.3K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£172K	11/21	0.15 mi	Flat 7, Oakwood Court, Arterial Road, Leigh-on-sea, Southend-on-sea SS9 4DG	-	-	2	Flat
£375K	10/21	0.31 mi	29, Park Avenue, Leigh-on-sea, Southend-on-sea SS9 5XB	£4,303	87	2	Flat
£211K	09/21	0.44 mi	36, Cheddar Avenue, Westcliff-on-sea, Southend-on-sea SS0 0HJ	£3,403	62	2	Flat
£211K	09/21	0.46 mi	36, Cheddar Avenue, Westcliff-on-sea, Southend-on-sea SS0 0HJ	£3,403	62	2	Flat
£213K	09/21	0.54 mi	32, Wood Farm Close, Leigh-on-sea, Southend-on-sea SS9 4PE	£2,918	73	2	Flat
£240K	05/23	0.54 mi	42, Wood Farm Close, Leigh-on-sea, Southend-on-sea SS9 4PE	£3,243	74	2	Flat
£226K	04/21	0.69 mi	19, Norfolk Avenue, Leigh-on-sea, Southend-on-sea SS9 3HA	£3,645	62	2	Flat
£287.5K	12/23	0.72 mi	97a, Tankerville Drive, Leigh-on-sea, Southend-on-sea SS9 3DB	£4,792	60	2	Flat
£260K	04/21	0.76 mi	1, Norfolk Avenue, Leigh-on-sea, Southend-on-sea SS9 3HA	£3,872	67	2	Flat
£270K	09/21	0.84 mi	62, Olivia Drive, Leigh-on-sea, Southend-on-sea SS9 3EG	-	-	2	Flat
£270K	09/21	0.84 mi	62, Olivia Drive, Leigh-on-sea, Southend-on-sea SS9 3EG	-	-	2	Flat
£275K	05/21	0.95 mi	1099, London Road, Leigh-on-sea, Southend-on-sea SS9 3JJ	£3,667	75	2	Flat
£242K	04/21	1 mi	325a, Westbourne Grove, Westcliff-on-sea, Southend-on-sea SS0 0PU	£3,559	68	2	Flat
£330K	01/23	1.02 mi	130a, Oakleigh Park Drive, Leigh-on-sea, Southend-on-sea SS9 1RU	£5,000	66	2	Flat
£237K	10/23	1.03 mi	67, Northville Drive, Westcliff-on-sea, Southend-on-sea SS0 0QA	-	-	2	Flat
£292.5K	09/23	1.03 mi	256a, Elm Road, Leigh-on-sea, Southend-on-sea SS9 1SA	£5,252	56	2	Flat
£270K	02/21	1.04 mi	1, Cranleigh Drive, Leigh-on-sea, Southend-on-sea SS9 1SX	£5,331	51	2	Flat
£235K	01/21	1.05 mi	12a, Station Road, Leigh-on-sea, Southend-on-sea SS9 1SU	£3,983	59	2	Flat
£235K	01/21	1.05 mi	12a, Station Road, Leigh-on-sea, Southend-on-sea SS9 1SU	£3,983	59	2	Flat
£325K	08/23	1.05 mi	130, Oakleigh Park Drive, Leigh-on-sea, Southend-on-sea SS9 1RU	-	-	2	Flat
£270K	10/23	1.06 mi	30, Cavendish Gardens, Westcliff-on-sea, Southend-on-sea SS0 9XS	£4,286	63	2	Flat
£280K	11/20	1.09 mi	193a, Elm Road, Leigh-on-sea, Southend-on-sea SS9 1SB	£4,667	60	2	Flat
£270K	06/21	1.1 mi	123a, Southsea Avenue, Leigh-on-sea, Southend-on-sea SS9 2BH	£3,913	69	2	Flat
£260K	07/21	1.11 mi	1a, Cranleigh Drive, Leigh-on-sea, Southend-on-sea SS9 1SX	£4,815	54	2	Flat
£270K	03/23	1.11 mi	16a, Chalkwell Park Drive, Leigh-on-sea, Southend-on-sea SS9 1NJ	£4,286	63	2	Flat
£306K	10/20	1.11 mi	71a, Leigham Court Drive, Leigh-on-sea, Southend-on-sea SS9 1PT	£5,016	61	2	Flat
£235K	06/23	1.12 mi	Flat 18, Spencer House, Ensign Close, Leigh-on-sea, Southend-on-sea SS9 1FG	-	-	2	Flat
£240K	12/23	1.12 mi	Flat 14, Spencer House, Ensign Close, Leigh-on-sea, Southend-on-sea SS9 1FG	-	-	2	Flat
£295K	06/21	1.13 mi	63a, Chalkwell Park Drive, Leigh-on-sea, Southend-on-sea SS9 1NH	£4,609	64	2	Flat
£295K	06/23	1.14 mi	64a, Leigh Hall Road, Leigh-on-sea, Southend-on-sea SS9 1QZ	-	-	2	Flat
£308K	02/21	1.15 mi	88, Oakleigh Park Drive, Leigh-on-sea, Southend-on-sea SS9 1RS	£4,813	64	2	Flat
£285K	01/23	1.15 mi	78a, Oakleigh Park Drive, Leigh-on-sea, Southend-on-sea SS9 1RS	£4,356	65	2	Flat
£210K	05/23	1.15 mi	86b, Oakleigh Park Drive, Leigh-on-sea, Southend-on-sea SS9 1RS	-	-	2	Flat
£240K	06/21	1.15 mi	56, Leighton Avenue, Leigh-on-sea, Southend-on-sea SS9 1QA	£2,963	81	2	Flat
£263K	03/21	1.16 mi	103a, Oakleigh Park Drive, Leigh-on-sea, Southend-on-sea SS9 1RR	£2,458	107	2	Flat
£328K	10/23	1.16 mi	87a, Oakleigh Park Drive, Leigh-on-sea, Southend-on-sea SS9 1RR	£4,373	75	2	Flat
£285K	10/20	1.16 mi	49a, Dawlish Drive, Leigh-on-sea, Southend-on-sea SS9 1QX	£4,831	59	2	Flat
£285K	10/20	1.16 mi	49a, Dawlish Drive, Leigh-on-sea, Southend-on-sea SS9 1QX	£4,831	59	2	Flat
£315K	08/23	1.16 mi	24, Torquay Drive, Leigh-on-sea, Southend-on-sea SS9 1SE	£4,437	71	2	Flat
£275K	02/23	1.16 mi	101, Southbourne Grove, Westcliff-on-sea, Southend-on-sea SS0 9UN	£5,317	52	2	Flat
£295K	12/22	1.18 mi	35a, Torquay Drive, Leigh-on-sea, Southend-on-sea SS9 1SD	£3,933	75	2	Flat
£295K	10/20	1.19 mi	22, Victoria Drive, Leigh-on-sea, Southend-on-sea SS9 1SF	£4,917	60	2	Flat
£227.5K	12/20	1.19 mi	42, Victoria Drive, Leigh-on-sea, Southend-on-sea SS9 1SF	£3,250	70	2	Flat
£340K	06/21	1.19 mi	22a, Victoria Drive, Leigh-on-sea, Southend-on-sea SS9 1SF	£4,077	83	2	Flat
£340K	11/20	1.19 mi	115, Salisbury Road, Leigh-on-sea, Southend-on-sea SS9 2JN	£4,789	71	2	Flat
£340K	04/21	1.19 mi	56b, Woodfield Park Drive, Leigh-on-sea, Southend-on-sea SS9 1LW	£4,250	80	2	Flat
£240K	05/21	1.19 mi	1533, London Road, Leigh-on-sea, Southend-on-sea SS9 2SF	£3,783	63	2	Flat
£300K	12/22	1.2 mi	15, Victoria Drive, Leigh-on-sea, Southend-on-sea SS9 1SF	-	-	2	Flat
£290K	02/21	1.21 mi	164a, Elm Road, Leigh-on-sea, Southend-on-sea SS9 1SQ	£4,028	72	2	Flat
£170K	10/21	1.21 mi	460, Fairfax Drive, Westcliff-on-sea, Southend-on-sea SS0 9RN	£2,361	72	2	Flat
£170K	10/21	1.21 mi	460, Fairfax Drive, Westcliff-on-sea, Southend-on-sea SS0 9RN	£2,361	72	2	Flat

Local Rents

50 rents from £900/mo to £3K/mo, average is £1.3K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,500	09/24	0.09 mi	-	2	Bungalow
£1,700	09/24	0.26 mi	Eastwood Road North, Leigh-On-Sea (FULLY FURNISHED, SHORT TERM LET)	2	Flat
£1,175	01/24	0.47 mi	-	2	Flat
£1,450	09/24	0.51 mi	Fairfield Road, Leigh-On-Sea, Essex, SS9	2	Flat
£1,300	02/24	0.56 mi	-	2	Flat
£1,650	03/25	0.57 mi	-	2	Terraced House
£1,375	09/24	0.61 mi	Suffolk Avenue, Leigh on Sea	2	Terraced House
£1,450	09/24	0.62 mi	Sunnybank Close, Leigh On Sea	2	Detached House
£1,350	12/24	0.62 mi	-	2	Terraced House
£1,150	09/24	0.82 mi	Pavilion Drive, Leigh on sea	2	Flat
£1,450	01/25	0.87 mi	-	2	Flat
£1,250	09/24	0.88 mi	Leigh on Sea	2	Flat
£1,200	09/24	0.91 mi	Tankerville Drive, Leigh-on-Sea	2	Flat
£1,200	09/24	0.96 mi	Tankerville Drive, Leigh-on-Sea, SS9	2	Flat
£1,600	02/25	0.96 mi	-	2	Flat
£1,095	12/24	0.97 mi	-	2	Flat
£1,495	09/24	0.97 mi	Grange Park Drive Leigh On Sea	2	Flat
£1,500	09/24	1 mi	-	2	Flat
£900	12/24	1 mi	-	2	Flat
£1,450	09/24	1.02 mi	Leigh Hall Road, Leigh-on-Sea	2	Flat
£1,425	03/25	1.02 mi	-	2	Flat
£1,650	03/25	1.03 mi	-	2	Bungalow
£1,200	09/24	1.03 mi	Elm Road, Leigh-On-Sea, Essex, SS9	2	Flat
£1,750	09/24	1.04 mi	Leighton Avenue, Leigh-On-Sea	2	Flat
£1,250	09/24	1.07 mi	Southbourne Grove, Westcliff-On-Sea	2	Flat
£1,395	09/24	1.07 mi	Southbourne Grove, Westcliff-On-Sea	2	Flat
£1,095	09/24	1.07 mi	Nelson Road, Leigh On Sea	2	Flat
£3,000	09/24	1.08 mi	-	2	Flat
£1,350	02/24	1.09 mi	-	2	Flat
£1,200	09/24	1.11 mi	Woodside Court, Leigh-on-Sea	2	Flat
£1,100	09/24	1.11 mi	Woodside, Leigh-On-Sea	2	Flat
£1,100	07/24	1.12 mi	-	2	Flat
£1,200	09/24	1.13 mi	Alison House, 10 Sandown Avenue, Westcliff-On-Sea	2	Flat
£1,250	09/24	1.13 mi	-	2	Flat
£1,350	04/25	1.13 mi	-	2	Flat
£1,100	09/24	1.14 mi	Ensign Close, Leigh-on-Sea, Essex, SS9	2	Flat
£1,000	09/24	1.15 mi	Eastwood Old Road, Leigh-on-Sea, Essex	2	Flat
£1,250	09/24	1.15 mi	Salisbury Road, Leigh-on-Sea	2	Flat
£1,400	02/25	1.18 mi	-	2	Flat
£1,350	03/25	1.18 mi	-	2	Flat
£1,075	03/24	1.19 mi	-	2	Flat
£1,250	09/24	1.2 mi	London Road, Leigh-on-Sea	2	Flat
£1,250	09/24	1.2 mi	Carlton Avenue, Southend-on-sea, Westcliff-On-Sea, SS0	2	Flat
£1,100	07/24	1.2 mi	-	2	Flat
£1,300	09/24	1.23 mi	-	2	Flat
£1,400	09/24	1.24 mi	Glendale Gardens, Leigh-on-Sea	2	Flat
£1,300	09/24	1.24 mi	43a Pall MallLeigh On SeaEssex	2	Flat
£1,125	09/24	1.24 mi	Wayletts, Leigh-on-Sea, SS9	2	Flat
£1,450	04/25	1.24 mi	-	2	Flat
£1,250	09/24	1.24 mi	Pall Mall, Leigh-on-Sea	2	Flat

Local Area Statistics

Population in SS9	49,98449,984
Town centre distance	0.68 miles away0.68 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	1.64 miles away1.64 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+14%+14%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+24%+24%

Property History

Listed for £220,000

May 31, 2024

Floor Plans

Description

Immaculate Ground Floor Apartment +
Two Double Bedrooms +
Modern Kitchen +
Two Modern Bathrooms +
Off Street Parking +
Direct Access To The Communal Gardens +
Within Walking Distance Of Shops And Amenities +
Long Lease +
No Onward Chain +

This property offers two good size bedrooms, a modern open plan kitchen/living area, a modern family bathroom and an ensuite to the master bedroom. Direct access to the communal gardens is perfect for those summer months. The property is located conveniently between local shops, schools and amenities. Being offered with no onward chain.

Tenure - Leasehold
Council Tax Band - C

Agent Details

Gilbert & Rose, Leigh-on-sea

01702 967150

Next Steps?

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

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ValuationUndervalued

CashflowsOpen in Analyser

Local Sold PricesDownload Show map

Local RentsDownload Show map

Links

Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

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Cashflows

Local Sold Prices

Local Rents