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4 Bed Flat, Single Let, Southend-on-Sea, SS1 2DZ, £220,000

York Road, Southend-on-sea, SS1 2DZ - 1 views - 9 months ago

Leasehold
BTL
ROI: 7%
~129 m²
+4 photos

ValuationUndervalued

Sold Prices£244K - £710K
Sold Prices/m²£2K/m² - £4.1K/m²

 

 

Square Metres

~129.26 m²
Price/m²£1.7K/m²

Value Estimate

£276,000
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£55,000

Stamp Duty & Legal Fees

£8,100

Total Cash In

£63,100

 

 

Cash Out

 

Rent Range

£950 - £3,401

Rent Estimate

£1,417

Running Costs/mo

£991

Cashflow/mo

£426

Cashflow/yr

£5,113

ROI

8%

Gross Yield

8%

Local Sold Prices

6 sold prices from £244K to £710K, average is £549K. £2K/m² to £4.1K/m², average is £3.4K/m².

PriceDateDistanceAddressBeds 
£244K03/211.29 mi6, Inverness Avenue, Westcliff-on-sea, Southend-on-sea SS0 9DY4
£710K01/211.36 mi1, Clifton Drive, Westcliff-on-sea, Southend-on-sea SS0 7SW4
£600K04/211.49 mi166, Thorpe Hall Avenue, Thorpe Bay, Southend-on-sea SS1 3AR4
£330K10/211.56 mi29a, Ailsa Road, Westcliff-on-sea, Southend-on-sea SS0 8BJ4
£549K02/211.76 mi15, Crowstone Avenue, Westcliff-on-sea, Southend-on-sea SS0 8HT4
£549K04/231.98 mi118, Maplin Way, Thorpe Bay, Southend-on-sea SS1 3NB4

Local Rents

35 rents from £950/mo to £3.4K/mo, average is £1.7K/mo.

RentDateDistanceAddressBeds 
£1,79509/240.05 miOld Southend Road, Southend-On-Sea, SS15
£1,45009/240.12 miSt Leonards, Southend on Sea3
£1,80009/240.19 miPortland Avenue, Southend-On-Sea, SS14
£1,35009/240.21 miHeygate Avenue, Southend-On-Sea3
£1,35009/240.21 miHeygate Avenue, Southend-on-Sea3
£1,99509/240.24 mi-6
£3,29509/240.28 mi-3
£2,20009/240.35 mi-3
£3,40109/240.35 miBeresford Road, Southend-On-Sea, SS14
£3,40109/240.35 mi-4
£1,65001/240.38 mi-4
£1,50009/240.38 mi-3
£2,49504/250.38 mi-4
£1,29002/250.39 miEastern Esplanade, Southend on Sea3
£1,80012/240.39 mi-3
£1,69502/250.41 mi-3
£2,25009/240.42 miEastern Esplanade, Southend-On-Sea4
£2,25009/240.43 mi-4
£1,89509/240.43 miBelle Vue Avenue, Southend On Sea4
£1,80010/240.47 mi-3
£1,80009/240.47 miKensington Road, Southend-On-Sea, SS13
£1,60009/240.49 miBellevue Road, Southend-On-Sea3
£1,30009/240.49 miBournemouth Park Road, Southend on Sea3
£1,45003/240.51 miGuildford Road, Southend-on-Sea4
£1,35002/240.51 miHigh Street, Southend-On-Sea, Essex, SS13
£95009/240.51 miFarringdon Service Road, Southend-On-Sea, Essex, SS1950
£1,70003/250.52 mi-3
£1,59509/240.53 miBellevue Road, Southend-On-Sea4
£1,70011/240.55 mi-3
£2,00012/240.56 mi-4
£1,80001/250.56 mi-4
£1,65002/240.58 miGordon Road, Southend-On-Sea, Essex, SS13
£1,90010/230.6 mi-4
£1,65010/240.62 mi-3
£1,65010/240.62 mi-3

Links

Local Area Statistics

Population in SS1

26,369

Population in Southend-on-Sea

106,129

Town centre distance

0.93 miles away

Nearest school

0.20 miles away

Nearest train station

0.44 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+40%

Sales demand

Buyer's market

Capital growth (5yrs)

+21%

Property History

Price changed to £220,000

March 20, 2025

Listed for £230,000

July 8, 2024

Floor Plans

Description

  • No Onward Chain +
  • Off Street Parking +
  • Road links to A127 +
  • Superb Local Amenities +
  • Five Double Bedrooms Off Of Large Hallway +
  • Basement Flat +
  • £17,000 Rental Income Per Year +
  • Nearby To Southend City Centre +
  • Walking Distance To C2C Station +
  • Huge Potential To Improve Throughout +

*GUIDE PRICE £230,000 - £240,000*
This four-bedroom basement apartment is located on York Road in Southend-on-Sea. With no onward chain, the property offers immediate availability for buyers. The apartment includes off-street parking and is within walking distance to the C2C station, making it ideal for commuters.

The property features a downstairs bathroom and bedroom, along with gas central heating and double glazing. It has the potential to provide a rental income of £17,000 per year. Situated close to superb local amenities, it offers convenience for everyday living.

The apartment is leasehold, built around 1940, and has allocated parking as well as permit parking options available. Road links to the A127 provide easy access to surrounding areas. The large hallway leads to five double bedrooms, offering ample space for families or sharers.

Located nearby to Southend City Centre, this property offers huge potential for improvement throughout. Don’t miss out on this affordable opportunity; contact us today to arrange a viewing.

Tenure: Leasehold
Council Tax Band: B

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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