2 Bed Flat, Single Let, Leigh-on-Sea, SS9 5YB, £110,000

Mansel Close, Leigh On Sea, SS9 5YB - 5 views - 10 months ago

Leasehold
BTL
ROI: 15%
~70 m²
+1 photos

ValuationUndervalued

Sold Prices£155K - £375K
Sold Prices/m²£2.5K/m² - £5.3K/m²

 

 

Square Metres

~69.70 m²
Price/m²£1.6K/m²

Value Estimate

£134,200
BMV22%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£27,500

Stamp Duty & Legal Fees

£4,500

Total Cash In

£32,000

 

 

Cash Out

 

Rent Range

£1,000 - £1,700

Rent Estimate

£950

Running Costs/mo

£554

Cashflow/mo

£396

Cashflow/yr

£4,755

ROI

15%

Gross Yield

10%

Local Sold Prices

51 sold prices from £155K to £375K, average is £270K. £2.5K/m² to £5.3K/m², average is £4.3K/m².

PriceDateDistanceAddressBeds 
£375K10/210.19 mi29, Park Avenue, Leigh-on-sea, Southend-on-sea SS9 5XB2
£172K11/210.22 miFlat 7, Oakwood Court, Arterial Road, Leigh-on-sea, Southend-on-sea SS9 4DG2
£213K09/210.54 mi32, Wood Farm Close, Leigh-on-sea, Southend-on-sea SS9 4PE2
£240K05/230.54 mi42, Wood Farm Close, Leigh-on-sea, Southend-on-sea SS9 4PE2
£211K09/210.7 mi36, Cheddar Avenue, Westcliff-on-sea, Southend-on-sea SS0 0HJ2
£211K09/210.71 mi36, Cheddar Avenue, Westcliff-on-sea, Southend-on-sea SS0 0HJ2
£287.5K12/230.91 mi97a, Tankerville Drive, Leigh-on-sea, Southend-on-sea SS9 3DB2
£155K08/210.99 miFlat 41, The Rowans, Wayletts, Leigh-on-sea, Southend-on-sea SS9 4ED2
£155K08/210.99 miFlat 41, The Rowans, Wayletts, Leigh-on-sea, Southend-on-sea SS9 4ED2
£191.5K03/230.99 miFlat 11, The Rowans, Wayletts, Leigh-on-sea, Southend-on-sea SS9 4ED2
£185K01/230.99 miFlat 60, The Rowans, Wayletts, Leigh-on-sea, Southend-on-sea SS9 4ED2
£190K04/230.99 miFlat 20, The Rowans, Wayletts, Leigh-on-sea, Southend-on-sea SS9 4ED2
£226K04/211.02 mi19, Norfolk Avenue, Leigh-on-sea, Southend-on-sea SS9 3HA2
£260K04/211.09 mi1, Norfolk Avenue, Leigh-on-sea, Southend-on-sea SS9 3HA2
£270K09/211.15 mi62, Olivia Drive, Leigh-on-sea, Southend-on-sea SS9 3EG2
£270K09/211.15 mi62, Olivia Drive, Leigh-on-sea, Southend-on-sea SS9 3EG2
£275K05/211.26 mi1099, London Road, Leigh-on-sea, Southend-on-sea SS9 3JJ2
£237K10/231.28 mi67, Northville Drive, Westcliff-on-sea, Southend-on-sea SS0 0QA2
£242K04/211.28 mi325a, Westbourne Grove, Westcliff-on-sea, Southend-on-sea SS0 0PU2
£292.5K09/231.32 mi256a, Elm Road, Leigh-on-sea, Southend-on-sea SS9 1SA2
£270K02/211.32 mi1, Cranleigh Drive, Leigh-on-sea, Southend-on-sea SS9 1SX2
£235K01/211.32 mi12a, Station Road, Leigh-on-sea, Southend-on-sea SS9 1SU2
£235K01/211.32 mi12a, Station Road, Leigh-on-sea, Southend-on-sea SS9 1SU2
£330K01/231.32 mi130a, Oakleigh Park Drive, Leigh-on-sea, Southend-on-sea SS9 1RU2
£240K05/211.34 mi1533, London Road, Leigh-on-sea, Southend-on-sea SS9 2SF2
£270K06/211.35 mi123a, Southsea Avenue, Leigh-on-sea, Southend-on-sea SS9 2BH2
£325K08/231.35 mi130, Oakleigh Park Drive, Leigh-on-sea, Southend-on-sea SS9 1RU2
£280K11/201.38 mi193a, Elm Road, Leigh-on-sea, Southend-on-sea SS9 1SB2
£340K11/201.38 mi115, Salisbury Road, Leigh-on-sea, Southend-on-sea SS9 2JN2
£260K07/211.39 mi1a, Cranleigh Drive, Leigh-on-sea, Southend-on-sea SS9 1SX2
£270K10/231.39 mi30, Cavendish Gardens, Westcliff-on-sea, Southend-on-sea SS0 9XS2
£306K10/201.42 mi71a, Leigham Court Drive, Leigh-on-sea, Southend-on-sea SS9 1PT2
£270K03/231.42 mi16a, Chalkwell Park Drive, Leigh-on-sea, Southend-on-sea SS9 1NJ2
£220K02/211.43 mi1593a, London Road, Leigh-on-sea, Southend-on-sea SS9 2SG2
£295K06/231.44 mi64a, Leigh Hall Road, Leigh-on-sea, Southend-on-sea SS9 1QZ2
£315K08/231.45 mi24, Torquay Drive, Leigh-on-sea, Southend-on-sea SS9 1SE2
£295K06/211.45 mi63a, Chalkwell Park Drive, Leigh-on-sea, Southend-on-sea SS9 1NH2
£285K10/201.45 mi49a, Dawlish Drive, Leigh-on-sea, Southend-on-sea SS9 1QX2
£285K10/201.45 mi49a, Dawlish Drive, Leigh-on-sea, Southend-on-sea SS9 1QX2
£308K02/211.45 mi88, Oakleigh Park Drive, Leigh-on-sea, Southend-on-sea SS9 1RS2
£285K01/231.45 mi78a, Oakleigh Park Drive, Leigh-on-sea, Southend-on-sea SS9 1RS2
£210K05/231.45 mi86b, Oakleigh Park Drive, Leigh-on-sea, Southend-on-sea SS9 1RS2
£263K03/211.46 mi103a, Oakleigh Park Drive, Leigh-on-sea, Southend-on-sea SS9 1RR2
£328K10/231.46 mi87a, Oakleigh Park Drive, Leigh-on-sea, Southend-on-sea SS9 1RR2
£235K06/231.46 miFlat 18, Spencer House, Ensign Close, Leigh-on-sea, Southend-on-sea SS9 1FG2
£240K12/231.46 miFlat 14, Spencer House, Ensign Close, Leigh-on-sea, Southend-on-sea SS9 1FG2
£240K06/211.46 mi56, Leighton Avenue, Leigh-on-sea, Southend-on-sea SS9 1QA2
£295K12/221.46 mi35a, Torquay Drive, Leigh-on-sea, Southend-on-sea SS9 1SD2
£295K10/201.47 mi22, Victoria Drive, Leigh-on-sea, Southend-on-sea SS9 1SF2
£227.5K12/201.47 mi42, Victoria Drive, Leigh-on-sea, Southend-on-sea SS9 1SF2
£340K06/211.47 mi22a, Victoria Drive, Leigh-on-sea, Southend-on-sea SS9 1SF2

Local Rents

26 rents from £1K/mo to £1.7K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,45009/240.27 miFairfield Road, Leigh-On-Sea, Essex, SS92
£1,50009/240.39 mi-2
£1,70009/240.39 miEastwood Road North, Leigh-On-Sea (FULLY FURNISHED, SHORT TERM LET)2
£1,45009/240.51 miSunnybank Close, Leigh On Sea2
£1,30002/240.61 mi-2
£1,65003/250.68 mi-2
£1,17501/240.71 mi-2
£1,40002/250.87 mi-2
£1,35003/250.87 mi-2
£1,10007/240.89 mi-2
£1,00009/240.91 miEastwood Old Road, Leigh-on-Sea, Essex2
£1,20009/240.91 miWoodside Court, Leigh-on-Sea2
£1,10009/240.91 miWoodside, Leigh-On-Sea2
£1,07503/240.94 mi-2
£1,37509/240.94 miSuffolk Avenue, Leigh on Sea2
£1,35012/240.95 mi-2
£1,12509/240.98 miWayletts, Leigh-on-Sea, SS92
£1,15011/240.99 mi-2
£1,05009/240.99 miWayletts, Leigh-On-Sea2
£1,45001/251.1 mi-2
£1,20009/241.13 miTankerville Drive, Leigh-on-Sea2
£1,15009/241.15 miPavilion Drive, Leigh on sea2
£1,25009/241.15 miLeigh on Sea2
£1,20009/241.19 miTankerville Drive, Leigh-on-Sea, SS92
£1,60002/251.2 mi-2
£1,42503/251.23 mi-2

Local Area Statistics

Population in SS9

49,984

Town centre distance

0.86 miles away

Nearest school

0.20 miles away

Nearest train station

1.85 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+14%

Sales demand

Balanced market

Capital growth (5yrs)

+24%

Property History

Listed for £110,000

June 18, 2024

Floor Plans

Description

  • 11TH FLOOR PURPOSE BUILT FLAT +
  • TWO DOUBLE BEDROOMS +
  • SPACIOUS LOUNGE +
  • PANORAMIC VIEWS +
  • ENCLOSED BALCONY +
  • DOUBLE GLAZED +
  • GAS CENTRAL HEATING +
  • EXCELLENT RENTAL INVESTMENT +
  • NO ONWARD CHAIN +

IDEAL BUY TO LET INVESTMENT. NO ONWARD CHAIN. Situated on the 11th floor of this purpose built block and offering pleasant views over Eastwood Park, we are pleased to offer for sale this spacious two bedroom flat, offered with no onward chain, and with an potential rental income of between £950-£1,000pcm. Keys held for viewings.

ACCOMMODATION COMPRISES:-
Part glazed door into:-

COMMUNAL LOBBY
Key fob entry system. Lifts and stairs to all floors. uPVC door into:-

HALLWAY
Radiator. Storage cupboard. All rooms leading off.

LOUNGE - 16'10" (5.13m) x 13'2" (4.01m)
Two radiators. Double glazed door to enclosed balcony. Double glazed window to the rear overlooking Eastwood park. Door to:-

KITCHEN - 14'6" (4.42m) x 5'9" (1.75m)
Fitted with base and eye level units with roll-edged work surfaces. Inset single bowl sink unit. Built-in electric oven and hob with extractor canopy over. Plumbing for washing machine. Double glazed window to side.

BEDROOM ONE - 14'0" (4.27m) x 9'1" (2.77m)
Radiator. Fitted wardrobes. Double glazed window to rear aspect.

BEDROOM TWO - 12'1" (3.68m) x 9'11" (3.02m)
Fitted carpet. Radiator. Double glazed window to rear aspect.

BATHROOM
Comprising panelled bath with mixer tap. Pedestal wash hand basin. Low level w.c. Radiator. Large storage cupboard.

OUTSIDE
Residents parking facilities.

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Notice
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.

Agent Details

Hopson Property Services, Southend On Sea

01702 967698

Next Steps?

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