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2 Bed Flat, Single Let, Southend-on-Sea, SS2 6DQ, £215,000

Victoria Avenue, Southend-on-Sea, Essex, SS2 6DQ - 5 views - 9 months ago

Leasehold
BTL
ROI: 3%
~56 m²
+7 photos

ValuationOvervalued

Sold Prices£75K - £285K
Sold Prices/m²£2.1K/m² - £5.4K/m²

 

 

Square Metres

~55.90 m²
Price/m²£3.8K/m²

Value Estimate

£180,323

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£53,750

Stamp Duty & Legal Fees

£7,950

Total Cash In

£61,700

 

 

Cash Out

 

Rent Range

£1,000 - £1,700

Rent Estimate

£1,106

Running Costs/mo

£913

Cashflow/mo

£193

Cashflow/yr

£2,315

ROI

4%

Gross Yield

6%

Local Sold Prices

50 sold prices from £75K to £285K, average is £206.5K. £2.1K/m² to £5.4K/m², average is £3.2K/m².

PriceDateDistanceAddressBeds 
£265K12/230.17 mi57, Boston Avenue, Southend-on-sea SS2 6JH2
£235K03/230.17 mi49a, Boston Avenue, Southend-on-sea SS2 6JH2
£145K07/210.21 mi24, Tunbridge Road, Southend-on-sea SS2 6LT2
£220K12/230.21 mi24a, Tunbridge Road, Southend-on-sea SS2 6LT2
£180K11/210.33 mi83b, Princes Street, Southend-on-sea SS1 1PT2
£75K04/210.33 miFlat 27, Martins Court, Stadium Road, Southend-on-sea SS2 5DH2
£190K12/200.39 mi19, Rayleigh Avenue, Westcliff-on-sea, Southend-on-sea SS0 7DS2
£165K10/230.39 mi7a, Rayleigh Avenue, Westcliff-on-sea, Southend-on-sea SS0 7DS2
£180K08/230.39 mi32b, Elmer Avenue, Southend-on-sea SS1 1NB2
£187.5K07/210.4 mi15, Napier Avenue, Southend-on-sea SS1 1LY2
£235K10/230.41 mi10, Ashburnham Road, Southend-on-sea SS1 1QD2
£220K03/230.43 mi126, East Street, Southend-on-sea SS2 5EE2
£150K06/210.43 mi7, Balmoral Road, Westcliff-on-sea, Southend-on-sea SS0 7DG2
£166.5K11/200.46 miFlat 14, Napier Court West, Gordon Place, Southend-on-sea SS1 1NH2
£240K09/210.46 mi55, Shakespeare Drive, Westcliff-on-sea, Southend-on-sea SS0 9AA2
£200K11/210.46 mi259, Hamlet Court Road, Westcliff-on-sea, Southend-on-sea SS0 7DD2
£185K02/210.47 mi30, Hamlet Road, Southend-on-sea SS1 1HJ2
£248K08/230.48 mi180, East Street, Southend-on-sea SS2 5EA2
£235K01/210.49 mi2a, Dryden Avenue, Southend-on-sea SS2 5EU2
£140.5K03/210.49 mi40, Sutton Road, Southend-on-sea SS2 5EW2
£135K11/230.5 mi1, Burdett Avenue, Westcliff-on-sea, Southend-on-sea SS0 7JN2
£210K09/210.5 mi41, Central Avenue, Southend-on-sea SS2 5HR2
£220K10/230.51 miGround Floor Flat, 28, Whitegate Road, Southend-on-sea SS1 2LQ2
£200K09/210.52 mi70a, South Avenue, Southend-on-sea SS2 5JB2
£177K07/210.52 mi30a, Westborough Road, Westcliff-on-sea, Southend-on-sea SS0 9DP2
£202.5K02/210.52 mi29, South Avenue, Southend-on-sea SS2 5JA2
£184.5K10/210.52 mi46, Burdett Avenue, Westcliff-on-sea, Southend-on-sea SS0 7JW2
£150K12/200.52 mi82, Burdett Avenue, Westcliff-on-sea, Southend-on-sea SS0 7JW2
£200K06/210.52 mi8, Claremont Road, Westcliff-on-sea, Southend-on-sea SS0 7DZ2
£200K09/210.52 mi43a, Swanage Road, Southend-on-sea SS2 5HX2
£235K11/200.53 mi16, St Johns Road, Westcliff-on-sea, Southend-on-sea SS0 7JZ2
£220K02/230.54 mi485a, Sutton Road, Southend-on-sea SS2 5PL2
£210K08/230.54 mi473b, Sutton Road, Southend-on-sea SS2 5PL2
£225K06/210.55 mi2, Burdett Avenue, Westcliff-on-sea, Southend-on-sea SS0 7JW2
£218K11/210.56 mi96a, Ennismore Gardens, Southend-on-sea SS2 5RB2
£210K12/200.56 mi96, Ennismore Gardens, Southend-on-sea SS2 5RB2
£237.5K05/230.56 mi108a, Ennismore Gardens, Southend-on-sea SS2 5RB2
£285K03/210.57 mi23b, Cambridge Road, Southend-on-sea SS1 1ET2
£130K08/230.57 mi75a, Tyrrel Drive, Southend-on-sea SS1 2LN2
£193K12/230.57 mi6, Tyrrel Drive, Southend-on-sea SS1 2LN2
£210K10/200.57 mi8a, Tyrrel Drive, Southend-on-sea SS1 2LN2
£200K09/210.57 mi70a, South Avenue, Southend-on-sea SS2 5JB2
£244K06/210.58 miGround Floor Flat, 86, St Helens Road, Westcliff-on-sea, Southend-on-sea SS0 7LE2
£220K01/210.58 mi92, St Helens Road, Westcliff-on-sea, Southend-on-sea SS0 7LE2
£200K11/210.6 mi12, Hermitage Road, Westcliff-on-sea, Southend-on-sea SS0 7NQ2
£205K04/210.6 mi64, Westborough Road, Westcliff-on-sea, Southend-on-sea SS0 9DL2
£210K12/230.64 mi9a, Lancaster Gardens, Southend-on-sea SS1 2NS2
£245K05/230.65 mi11a, Shakespeare Avenue, Westcliff-on-sea, Southend-on-sea SS0 0ST2
£250K09/210.65 mi50, Cossington Road, Westcliff-on-sea, Southend-on-sea SS0 7NG2
£208K03/230.66 mi158, Glenwood Avenue, Westcliff-on-sea, Southend-on-sea SS0 9DT2

Local Rents

38 rents from £1K/mo to £1.7K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,32509/240.01 miThe Avenue, Southend-on-sea, Essex2
£1,32503/240.01 miThe Avenue, Southend-on-sea, Essex2
£1,12509/240.02 miThe Pinnacle , Southend-On-Sea2
£1,17502/250.03 miThe Pinnacle , 59 Victoria Avenue 2
£1,35011/240.04 mi-2
£1,50003/250.04 mi-2
£1,35002/250.04 mi-2
£1,35003/250.04 mi-2
£1,40009/240.04 mi-2
£1,55003/250.04 mi-2
£1,40009/240.06 miVictoria Avenue, Southend-on-Sea2
£1,35003/240.06 miBeaumont Court2
£1,25003/240.06 miBeaumont Court, Southend-On-Sea2
£1,35009/240.06 miVictoria Avenue, SOUTHEND-ON-SEA2
£1,45009/240.06 miVictoria Avenue, SOUTHEND-ON-SEA2
£1,40009/240.06 mi2 bedroom 1st Floor Flat in Southend on Sea2
£1,45009/240.06 miVictoria Avenue, SOUTHEND-ON-SEA2
£1,35009/240.06 miBeaumont Court, Victoria Avenue2
£1,35009/240.06 miBeaumont Court, Victoria Avenue, Southend on Sea2
£1,45009/240.06 miVictoria Avenue, SOUTHEND-ON-SEA2
£1,40009/240.06 miVictoria Avenue, Southend-on-Sea2
£1,50010/240.07 mi-2
£1,45011/230.07 mi-2
£1,65002/250.07 mi-2
£1,27509/240.07 miBeaumont Court, - Victoria Avenue, Southend-On-Sea2
£1,30011/240.11 mi-2
£1,25009/240.11 mi-2
£1,25008/240.11 mi-2
£1,25009/240.11 mi-2
£1,70009/240.12 mi-2
£1,40009/240.12 miVictoria Avenue, Southend on Sea, SS22
£1,35009/240.14 miSweyne Avenue, Southend On Sea2
£1,00004/250.16 mi-2
£1,28001/250.16 mi-2
£1,50004/250.16 mi-2
£1,35002/250.16 mi-2
£1,45009/240.18 mi-2
£1,10009/240.25 miLondon Road, Westcliff-On-Sea2

Links

Local Area Statistics

Population in SS2

36,418

Population in Southend-on-Sea

106,129

Town centre distance

0.68 miles away

Nearest school

0.10 miles away

Nearest train station

0.21 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+8%

Sales demand

Balanced market

Capital growth (5yrs)

+24%

Property History

Price changed to £215,000

December 4, 2024

Listed for £225,000

July 20, 2024

Floor Plans

Description

A beautifully presented two double bedroom apartment located within a highly sought after purpose built block. The development is within a central and convenient location being just a short stroll to Southend city centre and various transport links including mainline railway stations, bus station and Southend Airport. Offered for sale with NO ONWARD CHAIN!. A must view!

Agent Details

Hunt Roche, Coast & Country Homes

01702 967987

Next Steps?

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

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