2 Bed Flat, Single Let, Leigh-on-Sea, SS9 4LT, £210,000

Eastwood Road North, Leigh-on-Sea, SS9 4LT - 1 views - 8 months ago

Leasehold
BTL
ROI: 3%
~68 m²
+4 photos

ValuationUndervalued

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

 

 

Square Metres

~68.11 m²
Price/m²£3.1K/m²

Value Estimate

£254,100
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£52,500

Stamp Duty & Legal Fees

£11,700

Total Cash In

£64,200

 

 

Cash Out

 

Rent Range

£900 - £3,000

Rent Estimate

£1,025

Running Costs/mo

£881

Cashflow/mo

£144

Cashflow/yr

£1,725

ROI

3%

Gross Yield

6%

Local Sold Prices

34 sold prices from £155K to £375K, average is £250K. £2.5K/m² to £5.3K/m², average is £3.9K/m².

PriceDateDistanceAddressBeds 
£213K09/210.1 mi32, Wood Farm Close, Leigh-on-sea, Southend-on-sea SS9 4PE2
£240K05/230.1 mi42, Wood Farm Close, Leigh-on-sea, Southend-on-sea SS9 4PE2
£287.5K12/230.4 mi97a, Tankerville Drive, Leigh-on-sea, Southend-on-sea SS9 3DB2
£172K11/210.49 miFlat 7, Oakwood Court, Arterial Road, Leigh-on-sea, Southend-on-sea SS9 4DG2
£240K05/210.74 mi1533, London Road, Leigh-on-sea, Southend-on-sea SS9 2SF2
£375K10/210.76 mi29, Park Avenue, Leigh-on-sea, Southend-on-sea SS9 5XB2
£340K11/200.81 mi115, Salisbury Road, Leigh-on-sea, Southend-on-sea SS9 2JN2
£220K02/210.82 mi1593a, London Road, Leigh-on-sea, Southend-on-sea SS9 2SG2
£226K04/210.84 mi19, Norfolk Avenue, Leigh-on-sea, Southend-on-sea SS9 3HA2
£270K09/210.85 mi62, Olivia Drive, Leigh-on-sea, Southend-on-sea SS9 3EG2
£270K09/210.85 mi62, Olivia Drive, Leigh-on-sea, Southend-on-sea SS9 3EG2
£270K06/210.86 mi123a, Southsea Avenue, Leigh-on-sea, Southend-on-sea SS9 2BH2
£230K05/210.87 mi98, Herschell Road, Leigh-on-sea, Southend-on-sea SS9 2PU2
£235K01/210.88 mi12a, Station Road, Leigh-on-sea, Southend-on-sea SS9 1SU2
£235K01/210.88 mi12a, Station Road, Leigh-on-sea, Southend-on-sea SS9 1SU2
£270K02/210.89 mi1, Cranleigh Drive, Leigh-on-sea, Southend-on-sea SS9 1SX2
£260K04/210.89 mi1, Norfolk Avenue, Leigh-on-sea, Southend-on-sea SS9 3HA2
£292.5K09/230.91 mi256a, Elm Road, Leigh-on-sea, Southend-on-sea SS9 1SA2
£275K05/210.96 mi1099, London Road, Leigh-on-sea, Southend-on-sea SS9 3JJ2
£260K07/210.96 mi1a, Cranleigh Drive, Leigh-on-sea, Southend-on-sea SS9 1SX2
£280K11/200.96 mi193a, Elm Road, Leigh-on-sea, Southend-on-sea SS9 1SB2
£190K04/230.97 miFlat 20, The Rowans, Wayletts, Leigh-on-sea, Southend-on-sea SS9 4ED2
£191.5K03/230.97 miFlat 11, The Rowans, Wayletts, Leigh-on-sea, Southend-on-sea SS9 4ED2
£155K08/210.97 miFlat 41, The Rowans, Wayletts, Leigh-on-sea, Southend-on-sea SS9 4ED2
£155K08/210.97 miFlat 41, The Rowans, Wayletts, Leigh-on-sea, Southend-on-sea SS9 4ED2
£185K01/230.97 miFlat 60, The Rowans, Wayletts, Leigh-on-sea, Southend-on-sea SS9 4ED2
£330K01/230.97 mi130a, Oakleigh Park Drive, Leigh-on-sea, Southend-on-sea SS9 1RU2
£211K09/210.98 mi36, Cheddar Avenue, Westcliff-on-sea, Southend-on-sea SS0 0HJ2
£305K03/210.98 mi106a, Glendale Gardens, Leigh-on-sea, Southend-on-sea SS9 2AY2
£220K09/210.98 mi1480c, London Road, Leigh-on-sea, Southend-on-sea SS9 2UR2
£195K11/200.98 mi1480a, London Road, Leigh-on-sea, Southend-on-sea SS9 2UR2
£275K12/200.98 mi1486a, London Road, Leigh-on-sea, Southend-on-sea SS9 2UR2
£275K05/210.98 mi1486c, London Road, Leigh-on-sea, Southend-on-sea SS9 2UR2
£325K08/231 mi130, Oakleigh Park Drive, Leigh-on-sea, Southend-on-sea SS9 1RU2

Local Rents

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

RentDateDistanceAddressBeds 
£1,30002/240.01 mi-2
£1,70009/240.31 miEastwood Road North, Leigh-On-Sea (FULLY FURNISHED, SHORT TERM LET)2
£1,50009/240.5 mi-2
£1,20009/240.62 miTankerville Drive, Leigh-on-Sea2
£1,20009/240.68 miTankerville Drive, Leigh-on-Sea, SS92
£1,42504/250.69 mi-2
£1,60002/250.71 mi-2
£1,20009/240.71 miWoodside Court, Leigh-on-Sea2
£1,10009/240.71 miWoodside, Leigh-On-Sea2
£1,25009/240.71 miLeigh on Sea2
£3,00009/240.73 mi-2
£1,25009/240.74 miLondon Road, Leigh-on-Sea2
£1,25009/240.77 miSalisbury Road, Leigh-on-Sea2
£1,90003/250.78 mi-2
£1,37509/240.82 miSuffolk Avenue, Leigh on Sea2
£1,35012/240.82 mi-2
£1,45006/240.82 mi-2
£1,00009/240.84 miEastwood Old Road, Leigh-on-Sea, Essex2
£1,25009/240.87 miLeigh on Sea - Marine Estate2
£1,45009/240.89 miFairfield Road, Leigh-On-Sea, Essex, SS92
£1,09512/240.9 mi-2
£1,20009/240.91 miElm Road, Leigh-On-Sea, Essex, SS92
£1,07503/240.91 mi-2
£1,15009/240.93 miPavilion Drive, Leigh on sea2
£1,45009/240.94 miLeigh Hall Road, Leigh-on-Sea2
£1,25009/240.95 mi-2
£1,12509/240.95 miWayletts, Leigh-on-Sea, SS92
£1,50008/240.96 mi-2
£1,15011/240.97 mi-2
£1,05009/240.97 miWayletts, Leigh-On-Sea2
£1,25009/240.97 miHadleigh Road, Leigh On Sea, Essex2
£1,40009/240.98 miGlendale Gardens, Leigh-on-Sea2
£1,25009/241 miLondon Road, Leigh-on-sea, SS92
£1,50009/241 mi-2
£1,17501/241.01 mi-2
£1,75009/241.01 miLeighton Avenue, Leigh-On-Sea2
£1,40002/251.05 mi-2
£1,35003/251.05 mi-2
£1,29504/251.06 mi-2
£1,10007/241.07 mi-2
£1,49509/241.08 miGrange Park Drive Leigh On Sea2
£1,35007/231.09 mi-2
£1,50012/241.09 mi-2
£1,40004/251.09 mi-2
£1,40010/241.09 mi-2
£1,65003/251.09 mi-2
£1,10009/241.1 miLeigh Heath Court, London Road, Leigh-on-Sea2
£1,30009/241.1 mi43a Pall MallLeigh On SeaEssex2
£1,10009/241.1 miLondon Road, Leigh-on-Sea2
£90012/241.11 mi-2

Local Area Statistics

Population in SS9

49,984

Town centre distance

0.33 miles away

Nearest school

0.20 miles away

Nearest train station

1.26 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+14%

Sales demand

Balanced market

Capital growth (5yrs)

+24%

Property History

Price changed to £210,000

January 1, 2025

Listed for £250,000

August 27, 2024

Floor Plans

Description

  • Private garden is completely unoverlooked +
  • Large first floor flat +
  • Double main bedroom +
  • Bright south facing reception room +
  • New lease upon completion +
  • Short drive to Leigh Station and the Broadway +
  • Amenities and bus links on the doorstep +
  • Great school catchment with The Fairway Primary minutes away +
  • Southend Airport, grammar schools and Hospital a short drive away +
  • Great Leigh-on-Sea location next to Belfairs Golf Course +

* £210,000- £230,000 * VERY LARGE AND GREAT POTENTIAL * PRIVATE GARDEN AND ENTRANCE * PARKING SECONDS AWAY IN THE RECREATIONAL GROUND * This flat offers a large main bedroom and second smaller bedroom, a three-piece family bathroom, kitchen with direct garden access and a naturally bright south facing reception room. The property also benefits from a private and unoverlooked rear garden, a private entranceway to the property and the seller will put a new lease on the property upon completion! The location is perfect, next to Belfairs Golf Course also with amenities and bus links on the doorstep, while being a short drive from Leigh Station for commuters, Leigh Broadway and The Old Town of Leigh, Southend Airport, Southend University Hospital and the prestigious grammar schools of the borough. Also for schooling, The Fairway Primary School and Belfairs Academy are both within the catchment area, there is also on-street parking around the flat.

Entrance - Property is accessed via the fairway through the private garden gate and up the garden to steps leading to the first floor where there is a UPVC double glazed obscured private entrance door leading to:

Kitchen - 2.78m × 2.70m (9'1" × 8'10") - UPVC double glazed obscured door and a UPVC double glazed window to side aspect, wall-mounted and base level kitchen units comprising; stainless steel sink and drainer with chrome mixer tap and a tiled splashback, space for a freestanding cooker, space for washer/dryer, space for fridge/freezer, integrated extractor hood, partially tiled walls, double radiator, skirting and wood effect laminate flooring.

Lounge-Diner - 4.80m × 4.30m (15'8" × 14'1" ) - Two UPVC double glazed windows to front aspect facing south for a large amount of natural light, two radiators, feature tiled fireplace with wooden surround, picture rail, skirting, carpet.

Master Bedroom - 3.84m × 3.60m (12'7" × 11'9" ) - UPVC double glazed window to rear aspect, two sets of built-in wardrobes, picture rail, radiator, skirting, carpet.

Bedroom Two - 2.84m × 2.73m (9'3" × 8'11" ) - UPVC double glazed window to rear aspect, picture rail, radiator, skirting, original wooden floorboards.

Three-Piece Family Bathroom - 1.96m × 1.76m (6'5" × 5'9") - UPVC double glazed obscured window to side aspect, airing cupboard, bath with shower attachment, low-level w/c, pedestal wash basin with chrome taps, partially tiled walls, radiator, tile effect lino flooring

Private Rear Garden - Commences with a patio area with pathway leading to the entrance gate, lawn area, planting for privacy making the garden completely unoverlooked, shed to remain.

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 💪