2 Bed Flat, Single Let, Southend-on-Sea, SS2 6PQ, £100,000

Cecil Court, Jones Close, SS2 6PQ - 2 views - 8 months ago

Leasehold
BTL
ROI: 19%
~68 m²
+5 photos

ValuationUndervalued

Sold Prices£75K - £440K
Sold Prices/m²£1.9K/m² - £5.4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.5K/m²

Value Estimate

£125,000
BMV25%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£25,000

Stamp Duty & Legal Fees

£4,200

Total Cash In

£29,200

 

 

Cash Out

 

Rent Range

£850 - £2,399

Rent Estimate

£1,000

Running Costs/mo

£533

Cashflow/mo

£468

Cashflow/yr

£5,610

ROI

19%

Gross Yield

12%

Local Sold Prices

50 sold prices from £75K to £440K, average is £207K. £1.9K/m² to £5.4K/m², average is £3.1K/m².

PriceDateDistanceAddressBeds 
£440K12/200.21 mi1, Beeleigh Close, Southend-on-sea SS2 6PA2
£245K05/230.23 mi11a, Shakespeare Avenue, Westcliff-on-sea, Southend-on-sea SS0 0ST2
£240K09/210.28 mi55, Shakespeare Drive, Westcliff-on-sea, Southend-on-sea SS0 9AA2
£213K12/230.33 mi194, Fairfax Drive, Westcliff-on-sea, Southend-on-sea SS0 9BG2
£208K03/230.4 mi158, Glenwood Avenue, Westcliff-on-sea, Southend-on-sea SS0 9DT2
£167K05/230.42 mi154, Brightwell Avenue, Westcliff-on-sea, Southend-on-sea SS0 9EH2
£218K11/210.45 mi96a, Ennismore Gardens, Southend-on-sea SS2 5RB2
£210K12/200.45 mi96, Ennismore Gardens, Southend-on-sea SS2 5RB2
£237.5K05/230.45 mi108a, Ennismore Gardens, Southend-on-sea SS2 5RB2
£177K07/210.46 mi30a, Westborough Road, Westcliff-on-sea, Southend-on-sea SS0 9DP2
£145K07/210.48 mi24, Tunbridge Road, Southend-on-sea SS2 6LT2
£220K12/230.48 mi24a, Tunbridge Road, Southend-on-sea SS2 6LT2
£205K04/210.48 mi64, Westborough Road, Westcliff-on-sea, Southend-on-sea SS0 9DL2
£220K03/230.49 mi126, East Street, Southend-on-sea SS2 5EE2
£190K12/200.52 mi19, Rayleigh Avenue, Westcliff-on-sea, Southend-on-sea SS0 7DS2
£165K10/230.52 mi7a, Rayleigh Avenue, Westcliff-on-sea, Southend-on-sea SS0 7DS2
£248K08/230.54 mi180, East Street, Southend-on-sea SS2 5EA2
£190K11/200.54 mi14, Thornford Gardens, Southend-on-sea SS2 6PU2
£180K12/230.57 mi8b, Rochford Road, Southend-on-sea SS2 6SP2
£220K02/230.58 mi485a, Sutton Road, Southend-on-sea SS2 5PL2
£210K08/230.58 mi473b, Sutton Road, Southend-on-sea SS2 5PL2
£167K03/210.59 mi89, Electric Avenue, Westcliff-on-sea, Southend-on-sea SS0 9NL2
£200K11/210.61 mi259, Hamlet Court Road, Westcliff-on-sea, Southend-on-sea SS0 7DD2
£260K11/210.63 mi15, Brightwell Avenue, Westcliff-on-sea, Southend-on-sea SS0 9EB2
£150K09/230.66 mi20, Beedell Avenue, Westcliff-on-sea, Southend-on-sea SS0 9JU2
£225K03/230.66 mi15a, Beedell Avenue, Westcliff-on-sea, Southend-on-sea SS0 9JT2
£152K12/230.67 mi128a, Tintern Avenue, Westcliff-on-sea, Southend-on-sea SS0 9QF2
£200K06/210.67 mi8, Claremont Road, Westcliff-on-sea, Southend-on-sea SS0 7DZ2
£198.5K05/230.67 mi72, Southview Drive, Westcliff-on-sea, Southend-on-sea SS0 9QB2
£265K12/230.75 mi57, Boston Avenue, Southend-on-sea SS2 6JH2
£235K03/230.75 mi49a, Boston Avenue, Southend-on-sea SS2 6JH2
£166.5K12/200.76 mi319a, Westborough Road, Westcliff-on-sea, Southend-on-sea SS0 9PU2
£206K04/210.77 mi197, Hildaville Drive, Westcliff-on-sea, Southend-on-sea SS0 9RP2
£240.5K04/210.77 mi68a, Valkyrie Road, Westcliff-on-sea, Southend-on-sea SS0 8AP2
£205K05/210.78 mi46a, Cranley Road, Westcliff-on-sea, Southend-on-sea SS0 8AL2
£75K04/210.79 miFlat 27, Martins Court, Stadium Road, Southend-on-sea SS2 5DH2
£232K07/210.79 mi187, Hildaville Drive, Westcliff-on-sea, Southend-on-sea SS0 9RP2
£166.5K12/200.8 mi319a, Westborough Road, Westcliff-on-sea, Southend-on-sea SS0 9PU2
£170K06/230.8 mi1, Fairville Mews, Westcliff-on-sea, Southend-on-sea SS0 9QU2
£150K06/210.8 mi7, Balmoral Road, Westcliff-on-sea, Southend-on-sea SS0 7DG2
£235K06/210.8 mi3, Elderton Road, Westcliff-on-sea, Southend-on-sea SS0 8AG2
£240K02/210.8 mi20a, Ronald Park Avenue, Westcliff-on-sea, Southend-on-sea SS0 9QL2
£265K05/230.81 mi50, Cranley Road, Westcliff-on-sea, Southend-on-sea SS0 8AL2
£237.5K09/230.81 mi32a, Ronald Park Avenue, Westcliff-on-sea, Southend-on-sea SS0 9QL2
£225K06/210.81 mi2, Burdett Avenue, Westcliff-on-sea, Southend-on-sea SS0 7JW2
£135K11/230.82 mi1, Burdett Avenue, Westcliff-on-sea, Southend-on-sea SS0 7JN2
£185K11/200.82 mi78, Hildaville Drive, Westcliff-on-sea, Southend-on-sea SS0 9RS2
£215K04/230.82 mi3, Cranley Road, Westcliff-on-sea, Southend-on-sea SS0 8AJ2
£170K10/210.82 mi460, Fairfax Drive, Westcliff-on-sea, Southend-on-sea SS0 9RN2
£170K10/210.82 mi460, Fairfax Drive, Westcliff-on-sea, Southend-on-sea SS0 9RN2

Local Rents

44 rents from £850/mo to £2.4K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,45009/240.15 miFairfax Drive, Westcliff-on-Sea, Essex, SS02
£1,55004/250.26 mi-2
£1,25003/250.26 mi-2
£1,40007/240.26 mi-2
£1,00009/240.26 mi2 bedroom Ground Floor Flat in Westcliff on Sea2
£1,55001/240.27 mi-2
£1,25010/240.27 mi-2
£1,25003/250.27 mi-2
£1,25003/250.27 mi-2
£1,22504/250.27 mi-2
£1,55004/250.27 mi-2
£1,55004/250.27 mi-2
£1,35009/240.28 miHighfield Close, Westcliff-On-Sea2
£1,20009/240.28 miFairfax Drive, Westcliff-On-Sea, Essex, SS02
£1,40009/240.33 miShakespeare Drive, Westcliff-on-Sea2
£1,65003/250.36 mi-2
£2,39909/240.37 mi-2
£1,40002/240.4 mi-2
£1,35004/250.41 mi-2
£1,43009/240.41 mi-2
£1,35008/240.41 mi-2
£1,46511/240.41 mi-2
£1,43009/240.41 miLavender Grove, Westcliff-On-Sea, SS02
£1,35009/240.41 miLavender Grove, Westcliff-On-Sea, SS02
£1,05009/240.41 miAvebury Road, Westcliff-On-Sea2
£1,30009/240.41 miNorth Road, Westcliff On Sea2
£1,25010/240.41 mi-2
£1,25009/240.43 miHillborough Road2
£1,40001/240.45 mi-2
£1,40007/240.45 mi-2
£1,50007/240.45 mi-2
£1,50111/240.45 mi-2
£1,00009/240.46 miHobleythick Lane, Westcliff On Sea2
£1,30003/250.47 mi-2
£1,50010/240.47 mi-2
£1,00009/240.48 miFielding Way, Westcliff-On-Sea2
£1,15012/240.48 mi-2
£1,20009/240.49 mi2 bedroom Ground Floor Flat in Westcliff on Sea2
£1,37509/240.5 miFairfax Drive, Westcliff on Sea, SS02
£85003/240.5 miRochford Avenue,Westcliff-On-Sea,SS02
£1,35002/250.51 mi-2
£1,00008/240.52 mi-2
£1,05001/250.53 mi-2
£1,00004/250.54 mi-2

Local Area Statistics

Population in SS2

36,418

Population in Southend-on-Sea

106,129

Town centre distance

0.89 miles away

Nearest school

0.30 miles away

Nearest train station

0.45 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+8%

Sales demand

Balanced market

Capital growth (5yrs)

+24%

Property History

Listed for £100,000

August 19, 2024

Description

  • SECURITY ENTRANCE HALL +
  • LIFTS +
  • LARGE LOUNGE/OPEN PLAN KITCHEN 194 X 17 +
  • TWO DOUBLE BEDROOMS +
  • BATHROOM/W.C +
  • UPVC DOUBLE GLAZED +
  • IDEAL FIRST TIME PURCHASE OR BUY TO LET OPPORTUNITY +
  • GAS CENTRAL HEATING VIA RADIATORS +

Offering views across Southend and located within close proximity of Priory Park, Victoria mainline railway station and City Centre, this 7th floor purpose built two bedroom apartment, ideally suited to the first time purchaser or those seeking an investment opportunity. The property has uPVC double glazing, together with a large lounge with open plan kitchen.

ACCOMMODATION COMPRISES:-
Glazed door leading to:-

COMMUNAL HALLWAY
Lifts and stairs leading to 7th floor. Colonial style fire door leading to:-

ENTRANCE HALL
Built-in storage cupboard.

LOUNGE WITH OPEN PLAN KITCHEN - 19'4" (5.89m) x 17'0" (5.18m)

KITCHEN AREA
Comprising single drainer sink unit with mixer taps. Kitchen cupboards to both eye and base level. Built-in oven, hob and extractor fan. Radiator.

LOUNGE AREA
Three uPVC windows to front elevation overlooking playing fields. Radiator.

BEDROOM ONE - 12'3" (3.73m) x 9'6" (2.9m)
Two double glazed uPVC windows to side elevation. Radiator.

BEDROOM TWO - 14'3" (4.34m) x 9'1" (2.77m)
uPVC double glazed window to side elevation. Radiator.

BATHROOM/W.C
White suite comprising panelled bath with mixer taps and shower attachment. Vanity unit with wash hand basin. Low level w.c. Extractor fan. Three quarter tiled walls.

OUTSIDE
We understand there are lawned communal gardens.

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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