2 Bed Flat, Single Let, Southend-on-Sea, SS2 6BB, £165,000

Skyline Plaza, Victoria Avenue, SS2 6BB - 3 views - 8 months ago

Sold STC
Leasehold
BTL
ROI: 10%
~68 m²
+11 photos

ValuationUndervalued

Sold Prices£75K - £461.4K
Sold Prices/m²£2.1K/m² - £5.3K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.4K/m²

Value Estimate

£202,950
BMV23%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£41,250

Stamp Duty & Legal Fees

£6,150

Total Cash In

£47,400

 

 

Cash Out

 

Rent Range

£1,000 - £1,700

Rent Estimate

£1,150

Running Costs/mo

£766

Cashflow/mo

£384

Cashflow/yr

£4,613

ROI

10%

Gross Yield

8%

Local Sold Prices

50 sold prices from £75K to £461.4K, average is £207.5K. £2.1K/m² to £5.3K/m², average is £3.2K/m².

PriceDateDistanceAddressBeds 
£265K12/230.14 mi57, Boston Avenue, Southend-on-sea SS2 6JH2
£235K03/230.14 mi49a, Boston Avenue, Southend-on-sea SS2 6JH2
£145K07/210.24 mi24, Tunbridge Road, Southend-on-sea SS2 6LT2
£220K12/230.24 mi24a, Tunbridge Road, Southend-on-sea SS2 6LT2
£180K11/210.3 mi83b, Princes Street, Southend-on-sea SS1 1PT2
£75K04/210.35 miFlat 27, Martins Court, Stadium Road, Southend-on-sea SS2 5DH2
£180K08/230.37 mi32b, Elmer Avenue, Southend-on-sea SS1 1NB2
£187.5K07/210.37 mi15, Napier Avenue, Southend-on-sea SS1 1LY2
£235K10/230.38 mi10, Ashburnham Road, Southend-on-sea SS1 1QD2
£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
£150K06/210.41 mi7, Balmoral Road, Westcliff-on-sea, Southend-on-sea SS0 7DG2
£166.5K11/200.43 miFlat 14, Napier Court West, Gordon Place, Southend-on-sea SS1 1NH2
£185K02/210.45 mi30, Hamlet Road, Southend-on-sea SS1 1HJ2
£220K03/230.45 mi126, East Street, Southend-on-sea SS2 5EE2
£200K11/210.46 mi259, Hamlet Court Road, Westcliff-on-sea, Southend-on-sea SS0 7DD2
£240K09/210.47 mi55, Shakespeare Drive, Westcliff-on-sea, Southend-on-sea SS0 9AA2
£135K11/230.48 mi1, Burdett Avenue, Westcliff-on-sea, Southend-on-sea SS0 7JN2
£140.5K03/210.49 mi40, Sutton Road, Southend-on-sea SS2 5EW2
£220K10/230.5 miGround Floor Flat, 28, Whitegate Road, Southend-on-sea SS1 2LQ2
£235K01/210.51 mi2a, Dryden Avenue, Southend-on-sea SS2 5EU2
£184.5K10/210.51 mi46, Burdett Avenue, Westcliff-on-sea, Southend-on-sea SS0 7JW2
£150K12/200.51 mi82, Burdett Avenue, Westcliff-on-sea, Southend-on-sea SS0 7JW2
£210K09/210.51 mi41, Central Avenue, Southend-on-sea SS2 5HR2
£248K08/230.51 mi180, East Street, Southend-on-sea SS2 5EA2
£235K11/200.51 mi16, St Johns Road, Westcliff-on-sea, Southend-on-sea SS0 7JZ2
£200K06/210.52 mi8, Claremont Road, Westcliff-on-sea, Southend-on-sea SS0 7DZ2
£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
£200K09/210.53 mi43a, Swanage Road, Southend-on-sea SS2 5HX2
£202.5K02/210.53 mi29, South Avenue, Southend-on-sea SS2 5JA2
£225K06/210.54 mi2, Burdett Avenue, Westcliff-on-sea, Southend-on-sea SS0 7JW2
£285K03/210.54 mi23b, Cambridge Road, Southend-on-sea SS1 1ET2
£130K08/230.56 mi75a, Tyrrel Drive, Southend-on-sea SS1 2LN2
£193K12/230.56 mi6, Tyrrel Drive, Southend-on-sea SS1 2LN2
£210K10/200.56 mi8a, Tyrrel Drive, Southend-on-sea SS1 2LN2
£244K06/210.56 miGround Floor Flat, 86, St Helens Road, Westcliff-on-sea, Southend-on-sea SS0 7LE2
£220K01/210.56 mi92, St Helens Road, Westcliff-on-sea, Southend-on-sea SS0 7LE2
£220K02/230.57 mi485a, Sutton Road, Southend-on-sea SS2 5PL2
£210K08/230.57 mi473b, Sutton Road, Southend-on-sea SS2 5PL2
£200K11/210.57 mi12, Hermitage Road, Westcliff-on-sea, Southend-on-sea SS0 7NQ2
£200K09/210.58 mi70a, South Avenue, Southend-on-sea SS2 5JB2
£218K11/210.58 mi96a, Ennismore Gardens, Southend-on-sea SS2 5RB2
£210K12/200.58 mi96, Ennismore Gardens, Southend-on-sea SS2 5RB2
£237.5K05/230.58 mi108a, Ennismore Gardens, Southend-on-sea SS2 5RB2
£205K04/210.61 mi64, Westborough Road, Westcliff-on-sea, Southend-on-sea SS0 9DL2
£250K09/210.63 mi50, Cossington Road, Westcliff-on-sea, Southend-on-sea SS0 7NG2
£210K12/230.63 mi9a, Lancaster Gardens, Southend-on-sea SS1 2NS2
£330K01/230.64 mi3a, Clifftown Parade, Southend-on-sea SS1 1DP2
£461.4K02/210.65 mi11, Clifftown Parade, Southend-on-sea SS1 1DP2

Local Rents

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

RentDateDistanceAddressBeds 
£1,32509/240.03 miThe Avenue, Southend-on-sea, Essex2
£1,32503/240.03 miThe Avenue, Southend-on-sea, Essex2
£1,12509/240.04 miThe Pinnacle , Southend-On-Sea2
£1,17502/250.05 miThe Pinnacle , 59 Victoria Avenue 2
£1,35011/240.06 mi-2
£1,50003/250.06 mi-2
£1,35002/250.06 mi-2
£1,35003/250.06 mi-2
£1,40009/240.06 mi-2
£1,55003/250.06 mi-2
£1,40009/240.08 miVictoria Avenue, Southend-on-Sea2
£1,35003/240.08 miBeaumont Court2
£1,25003/240.08 miBeaumont Court, Southend-On-Sea2
£1,35009/240.08 miVictoria Avenue, SOUTHEND-ON-SEA2
£1,45009/240.08 miVictoria Avenue, SOUTHEND-ON-SEA2
£1,40009/240.08 mi2 bedroom 1st Floor Flat in Southend on Sea2
£1,45009/240.08 miVictoria Avenue, SOUTHEND-ON-SEA2
£1,35009/240.08 miBeaumont Court, Victoria Avenue2
£1,35009/240.08 miBeaumont Court, Victoria Avenue, Southend on Sea2
£1,45009/240.08 miVictoria Avenue, SOUTHEND-ON-SEA2
£1,40009/240.08 miVictoria Avenue, Southend-on-Sea2
£1,50010/240.08 mi-2
£1,65002/250.08 mi-2
£1,45011/230.09 mi-2
£1,27509/240.09 miBeaumont Court, - Victoria Avenue, Southend-On-Sea2
£1,70009/240.1 mi-2
£1,40009/240.1 miVictoria Avenue, Southend on Sea, SS22
£1,30011/240.11 mi-2
£1,25009/240.13 mi-2
£1,25008/240.13 mi-2
£1,25009/240.13 mi-2
£1,35009/240.14 miSweyne Avenue, Southend On Sea2
£1,50004/250.14 mi-2
£1,35002/250.14 mi-2
£1,28001/250.15 mi-2
£1,45009/240.16 mi-2
£1,00004/250.16 mi-2
£1,10009/240.23 miLondon Road, Westcliff-On-Sea2

Local Area Statistics

Population in SS2

36,418

Population in Southend-on-Sea

106,129

Town centre distance

0.70 miles away

Nearest school

0.10 miles away

Nearest train station

0.20 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+8%

Sales demand

Balanced market

Capital growth (5yrs)

+24%

Property History

Listed for £165,000

August 19, 2024

Floor Plans

Description

  • Prime City Location +
  • Two Bedrooms +
  • En Suite to Master +
  • Allocated Parking +
  • Open Plan Lounge/Kitchen +
  • Family Bathroom +
  • Close to Local Amenities +
  • Close to Transport Links +
  • No Onward Chain +
  • Long Lease +

Welcome to this modern and spacious 2-bedroom apartment, ideally situated in the heart of Southend City Centre. This property benefits from a long lease and comes with the added advantage of no onward chain, making it an ideal choice for first-time buyers, investors, or those looking to downsize. Also featuring allocated parking.

The apartment features a generous open-plan kitchen and lounge area, perfect for contemporary living and entertaining. The kitchen is bright and airy, and the lounge area opens out to a charming Juliet balcony, allowing plenty of natural light to flood the space.

There are two well-proportioned bedrooms, with the master bedroom benefiting from an en suite shower room. Additionally, there is a stylish family bathroom, providing comfort and convenience for residents and guests alike.

Located within walking distance to Southend's shops, restaurants, and transport links, this apartment offers the best of city living in a sought-after location.

Don't miss out on this fantastic opportunity-schedule your viewing today! 

LOUNGE/KITCHEN 22' 11" x 14' 8" (7m x 4.49m)  

MASTER BEDROOM 14' 2" x 11' 2" (4.32m x 3.42m)  

EN SUITE 4' 11" x 6' 2" (1.5m x 1.9m)  

BATHROOM 4' 11" x 8' 0" (1.51m x 2.44m)  

BEDROOM 2 9' 10" x 14' 8" (3.01m x 4.49m)  

Lease 977 years remaining
Council Tax D - £2042.48
Service charge - £3310 pa
Ground rent - £100 pa

Agent Details

Martin & Co, Southend

01702 967310

Next Steps?

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