2 Bed Flat, Single Let, Leigh-on-Sea, SS9 4DA, £180,000

1336 London Road, Leigh-on-Sea, Essex, SS9 2UH - 3 views - 9 months ago

Sold STC
Leasehold
BTL
ROI: 6%
~54 m²
+5 photos

ValuationUndervalued

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

 

 

Square Metres

~53.60 m²
Price/m²£3.4K/m²

Value Estimate

£223,200
BMV24%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£45,000

Stamp Duty & Legal Fees

£6,600

Total Cash In

£51,600

 

 

Cash Out

 

Rent Range

£900 - £3,000

Rent Estimate

£1,031

Running Costs/mo

£789

Cashflow/mo

£242

Cashflow/yr

£2,908

ROI

6%

Gross Yield

7%

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 
£172K11/210.11 miFlat 7, Oakwood Court, Arterial Road, Leigh-on-sea, Southend-on-sea SS9 4DG2
£375K10/210.24 mi29, Park Avenue, Leigh-on-sea, Southend-on-sea SS9 5XB2
£211K09/210.48 mi36, Cheddar Avenue, Westcliff-on-sea, Southend-on-sea SS0 0HJ2
£211K09/210.5 mi36, Cheddar Avenue, Westcliff-on-sea, Southend-on-sea SS0 0HJ2
£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
£287.5K12/230.77 mi97a, Tankerville Drive, Leigh-on-sea, Southend-on-sea SS9 3DB2
£226K04/210.77 mi19, Norfolk Avenue, Leigh-on-sea, Southend-on-sea SS9 3HA2
£260K04/210.84 mi1, Norfolk Avenue, Leigh-on-sea, Southend-on-sea SS9 3HA2
£270K09/210.92 mi62, Olivia Drive, Leigh-on-sea, Southend-on-sea SS9 3EG2
£270K09/210.92 mi62, Olivia Drive, Leigh-on-sea, Southend-on-sea SS9 3EG2
£275K05/211.03 mi1099, London Road, Leigh-on-sea, Southend-on-sea SS9 3JJ2
£242K04/211.05 mi325a, Westbourne Grove, Westcliff-on-sea, Southend-on-sea SS0 0PU2
£237K10/231.07 mi67, Northville Drive, Westcliff-on-sea, Southend-on-sea SS0 0QA2
£330K01/231.09 mi130a, Oakleigh Park Drive, Leigh-on-sea, Southend-on-sea SS9 1RU2
£292.5K09/231.1 mi256a, Elm Road, Leigh-on-sea, Southend-on-sea SS9 1SA2
£270K02/211.11 mi1, Cranleigh Drive, Leigh-on-sea, Southend-on-sea SS9 1SX2
£235K01/211.12 mi12a, Station Road, Leigh-on-sea, Southend-on-sea SS9 1SU2
£235K01/211.12 mi12a, Station Road, Leigh-on-sea, Southend-on-sea SS9 1SU2
£325K08/231.13 mi130, Oakleigh Park Drive, Leigh-on-sea, Southend-on-sea SS9 1RU2
£270K10/231.13 mi30, Cavendish Gardens, Westcliff-on-sea, Southend-on-sea SS0 9XS2
£280K11/201.16 mi193a, Elm Road, Leigh-on-sea, Southend-on-sea SS9 1SB2
£270K06/211.17 mi123a, Southsea Avenue, Leigh-on-sea, Southend-on-sea SS9 2BH2
£260K07/211.18 mi1a, Cranleigh Drive, Leigh-on-sea, Southend-on-sea SS9 1SX2
£306K10/201.19 mi71a, Leigham Court Drive, Leigh-on-sea, Southend-on-sea SS9 1PT2
£270K03/231.19 mi16a, Chalkwell Park Drive, Leigh-on-sea, Southend-on-sea SS9 1NJ2
£155K08/211.2 miFlat 41, The Rowans, Wayletts, Leigh-on-sea, Southend-on-sea SS9 4ED2
£155K08/211.2 miFlat 41, The Rowans, Wayletts, Leigh-on-sea, Southend-on-sea SS9 4ED2
£191.5K03/231.2 miFlat 11, The Rowans, Wayletts, Leigh-on-sea, Southend-on-sea SS9 4ED2
£185K01/231.2 miFlat 60, The Rowans, Wayletts, Leigh-on-sea, Southend-on-sea SS9 4ED2
£190K04/231.2 miFlat 20, The Rowans, Wayletts, Leigh-on-sea, Southend-on-sea SS9 4ED2
£235K06/231.2 miFlat 18, Spencer House, Ensign Close, Leigh-on-sea, Southend-on-sea SS9 1FG2
£240K12/231.2 miFlat 14, Spencer House, Ensign Close, Leigh-on-sea, Southend-on-sea SS9 1FG2
£295K06/211.21 mi63a, Chalkwell Park Drive, Leigh-on-sea, Southend-on-sea SS9 1NH2
£295K06/231.22 mi64a, Leigh Hall Road, Leigh-on-sea, Southend-on-sea SS9 1QZ2
£308K02/211.22 mi88, Oakleigh Park Drive, Leigh-on-sea, Southend-on-sea SS9 1RS2
£285K01/231.22 mi78a, Oakleigh Park Drive, Leigh-on-sea, Southend-on-sea SS9 1RS2
£210K05/231.22 mi86b, Oakleigh Park Drive, Leigh-on-sea, Southend-on-sea SS9 1RS2
£240K06/211.23 mi56, Leighton Avenue, Leigh-on-sea, Southend-on-sea SS9 1QA2
£263K03/211.23 mi103a, Oakleigh Park Drive, Leigh-on-sea, Southend-on-sea SS9 1RR2
£328K10/231.23 mi87a, Oakleigh Park Drive, Leigh-on-sea, Southend-on-sea SS9 1RR2
£285K10/201.23 mi49a, Dawlish Drive, Leigh-on-sea, Southend-on-sea SS9 1QX2
£285K10/201.23 mi49a, Dawlish Drive, Leigh-on-sea, Southend-on-sea SS9 1QX2
£315K08/231.23 mi24, Torquay Drive, Leigh-on-sea, Southend-on-sea SS9 1SE2
£275K02/231.23 mi101, Southbourne Grove, Westcliff-on-sea, Southend-on-sea SS0 9UN2
£240K05/211.24 mi1533, London Road, Leigh-on-sea, Southend-on-sea SS9 2SF2
£340K11/201.24 mi115, Salisbury Road, Leigh-on-sea, Southend-on-sea SS9 2JN2
£295K12/221.25 mi35a, Torquay Drive, Leigh-on-sea, Southend-on-sea SS9 1SD2
£295K10/201.26 mi22, Victoria Drive, Leigh-on-sea, Southend-on-sea SS9 1SF2
£227.5K12/201.26 mi42, Victoria Drive, Leigh-on-sea, Southend-on-sea SS9 1SF2
£340K06/211.26 mi22a, Victoria Drive, Leigh-on-sea, Southend-on-sea SS9 1SF2

Local Rents

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

RentDateDistanceAddressBeds 
£1,50009/240.15 mi-2
£1,70009/240.27 miEastwood Road North, Leigh-On-Sea (FULLY FURNISHED, SHORT TERM LET)2
£1,45009/240.44 miFairfield Road, Leigh-On-Sea, Essex, SS92
£1,17501/240.5 mi-2
£1,65003/250.56 mi-2
£1,45009/240.57 miSunnybank Close, Leigh On Sea2
£1,30002/240.57 mi-2
£1,37509/240.69 miSuffolk Avenue, Leigh on Sea2
£1,35012/240.7 mi-2
£1,15009/240.9 miPavilion Drive, Leigh on sea2
£1,45001/250.91 mi-2
£1,25009/240.95 miLeigh on Sea2
£1,20009/240.97 miTankerville Drive, Leigh-on-Sea2
£1,20009/241.02 miTankerville Drive, Leigh-on-Sea, SS92
£1,60002/251.02 mi-2
£1,09512/241.04 mi-2
£1,49509/241.05 miGrange Park Drive Leigh On Sea2
£1,20009/241.07 miWoodside Court, Leigh-on-Sea2
£1,10009/241.07 miWoodside, Leigh-On-Sea2
£1,50009/241.07 mi-2
£1,42503/251.08 mi-2
£90012/241.08 mi-2
£1,45009/241.09 miLeigh Hall Road, Leigh-on-Sea2
£1,00009/241.1 miEastwood Old Road, Leigh-on-Sea, Essex2
£1,20009/241.1 miElm Road, Leigh-On-Sea, Essex, SS92
£1,65003/251.11 mi-2
£1,40002/251.12 mi-2
£1,35003/251.12 mi-2
£1,75009/241.12 miLeighton Avenue, Leigh-On-Sea2
£3,00009/241.13 mi-2
£1,25009/241.13 miSouthbourne Grove, Westcliff-On-Sea2
£1,10007/241.14 mi-2
£1,39509/241.14 miSouthbourne Grove, Westcliff-On-Sea2
£1,07503/241.14 mi-2
£1,09509/241.15 miNelson Road, Leigh On Sea2
£1,35002/241.16 mi-2
£1,12509/241.18 miWayletts, Leigh-on-Sea, SS92
£1,10007/241.19 mi-2
£1,25009/241.2 mi-2
£1,20009/241.2 miAlison House, 10 Sandown Avenue, Westcliff-On-Sea2
£1,15011/241.2 mi-2
£1,05009/241.2 miWayletts, Leigh-On-Sea2
£1,25009/241.2 miSalisbury Road, Leigh-on-Sea2
£1,35004/251.21 mi-2
£1,10009/241.22 miEnsign Close, Leigh-on-Sea, Essex, SS92
£1,25009/241.24 miLondon Road, Leigh-on-Sea2

Local Area Statistics

Population in SS9

49,984

Town centre distance

0.73 miles away

Nearest school

0.20 miles away

Nearest train station

1.71 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+14%

Sales demand

Balanced market

Capital growth (5yrs)

+24%

Property History

Listed for £180,000

July 16, 2024

Sold for £175,000

2021

Sold for £120,000

2006

Sold for £65,000

2002

Sold for £43,995

1999

Floor Plans

Description

  • Two Bedroom Ground Floor Flat +
  • Off-Street Parking +
  • Modern Interior +
  • Generous Lounge with Bay Window +
  • Three-Piece Bathroom +
  • One Double Bedroom +
  • Easy Access to the A127 and Bus Links +
  • Close to Local Shops and Schools +
  • Good-Sized Back Garden +

* £180,000- £190,000 * This stunning two-bedroom ground floor flat in Leigh-on-Sea offers a blend of modern living and convenience. The property boasts a generous lounge with a charming bay window, a modern kitchen, and a three-piece bathroom. With one spacious double bedroom and a good-sized second bedroom, this flat is perfect for first-time buyers or those looking to downsize. The flat also features off-street parking and a sizeable back garden, making it an attractive choice for buyers.

Situated in a prime location, this property provides easy access to both Southend-on-Sea and Leigh-on-Sea, known for their diverse amenities and eateries. The flat benefits from convenient bus links that connect to train stations, ideal for commuters heading to London. Additionally, it's in close proximity to Southend Hospital, The Eastwood Academy, and Eastwood Primary School and Nursery, ensuring all your essential needs are within reach.

Tenure and Council Tax:
Tenure: Leasehold, with 121 years remaining
Council Tax Band: B

This flat sits close by to both Southend-on-Sea and Leigh-on-Sea which contains many different amenities and eateries. Convenient bus links providing access to train links for those commuting to London as well as easy access to Southend Hospital. This Flat sits closely to The Eastwood Academy and Eastwood Primary School and Nursery.

A lovely sized lounge positioned at the front of the property fitted with a bay window. Behind the lounge is the kitchen which is a good size and modern. Towards the back of the property, there is two bedrooms and a three-piece bathroom. This flat also has off-street parking.

Two Bedroom Ground Floor Flat
No Onward Chain
Entrance Hall
Lounge 14'6 x 11'2 >10'4
Kitchen 9'1 x 6'2
Bedroom One 14'7 x 9'4
Bedroom Two 8'5 x 8'2
Bathroom 7'6 x 6'9
EPC Report: E

Property Details - As you enter the property, you are greeted by a welcoming entrance hall that leads to a spacious lounge positioned at the front. The lounge features a large bay window, filling the room with natural light and creating a warm, inviting atmosphere. The modern kitchen, located behind the lounge, is well-sized and equipped with contemporary fixtures and fittings, providing ample space for meal preparation.

Towards the rear of the property, you'll find two bedrooms. The master bedroom is a generous double, offering plenty of space for furnishings. The second bedroom, although smaller, is still a good size and perfect for a guest room or home office. The three-piece bathroom, complete with a bathtub, washbasin, and WC, is modern and well-maintained, providing a comfortable space to unwind.

Exterior - he property features a sizeable back garden, ideal for outdoor activities and entertaining guests. The garden is well-maintained and offers plenty of space for gardening enthusiasts. At the front of the property, there is off-street parking, ensuring convenience for homeowners with vehicles.

School Catchment - This flat is located within the catchment area for The Eastwood Academy and Eastwood Primary School and Nursery, both highly regarded for their educational standards. This makes the property an excellent choice for families with school-aged children.

Overview - This two-bedroom ground floor flat in Leigh-on-Sea is an ideal home for first-time buyers or those looking to downsize. With its modern interior, spacious lounge, and convenient location close to shops, schools, and transport links, this property offers both comfort and practicality. Don't miss out on the opportunity to make this lovely flat your new home. Contact us today to arrange a viewing!

Agent Details

Bear Estate Agents, Leigh-on-Sea

01702 967608

Next Steps?

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