2 Bed Flat, Single Let, Southend-on-Sea, SS2 6EB, £240,000

Victoria Avenue, Southend-on-Sea, SS2 6EB - 5 views - 8 months ago

Sold STC

Leasehold

BTL

ROI: 2%

~77 m²

+15 photos

ValuationUndervalued

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

Square Metres	~77.10 m²
Price/m²	£3.1K/m²
Value Estimate	£247,698£247,698
BMV	3%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£60,000£60,000
Stamp Duty & Legal Fees	£8,400£8,400
Total Cash In	£68,400£68,400

Cash Out
Rent Range	£1,000 - £1,700£1,000 - £1,700
Rent Estimate	£1,094
Running Costs/mo	£989£989
Cashflow/mo	£105£105
Cashflow/yr	£1,262£1,262
ROI	2%2%
Gross Yield	5%5%

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.

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£145K	07/21	0.17 mi	24, Tunbridge Road, Southend-on-sea SS2 6LT	-	-	2	Flat
£220K	12/23	0.17 mi	24a, Tunbridge Road, Southend-on-sea SS2 6LT	-	-	2	Flat
£265K	12/23	0.2 mi	57, Boston Avenue, Southend-on-sea SS2 6JH	£3,533	75	2	Flat
£235K	03/23	0.2 mi	49a, Boston Avenue, Southend-on-sea SS2 6JH	-	-	2	Flat
£190K	12/20	0.34 mi	19, Rayleigh Avenue, Westcliff-on-sea, Southend-on-sea SS0 7DS	£2,923	65	2	Flat
£165K	10/23	0.34 mi	7a, Rayleigh Avenue, Westcliff-on-sea, Southend-on-sea SS0 7DS	-	-	2	Flat
£75K	04/21	0.36 mi	Flat 27, Martins Court, Stadium Road, Southend-on-sea SS2 5DH	-	-	2	Flat
£180K	11/21	0.36 mi	83b, Princes Street, Southend-on-sea SS1 1PT	£2,500	72	2	Flat
£240K	09/21	0.39 mi	55, Shakespeare Drive, Westcliff-on-sea, Southend-on-sea SS0 9AA	£3,991	60	2	Flat
£220K	03/23	0.4 mi	126, East Street, Southend-on-sea SS2 5EE	£5,256	42	2	Flat
£150K	06/21	0.42 mi	7, Balmoral Road, Westcliff-on-sea, Southend-on-sea SS0 7DG	£3,213	47	2	Flat
£200K	11/21	0.42 mi	259, Hamlet Court Road, Westcliff-on-sea, Southend-on-sea SS0 7DD	£4,000	50	2	Flat
£180K	08/23	0.45 mi	32b, Elmer Avenue, Southend-on-sea SS1 1NB	£3,000	60	2	Flat
£187.5K	07/21	0.45 mi	15, Napier Avenue, Southend-on-sea SS1 1LY	£3,676	51	2	Flat
£235K	10/23	0.46 mi	10, Ashburnham Road, Southend-on-sea SS1 1QD	£5,341	44	2	Flat
£248K	08/23	0.46 mi	180, East Street, Southend-on-sea SS2 5EA	£3,221	77	2	Flat
£177K	07/21	0.47 mi	30a, Westborough Road, Westcliff-on-sea, Southend-on-sea SS0 9DP	£2,377	74	2	Flat
£135K	11/23	0.48 mi	1, Burdett Avenue, Westcliff-on-sea, Southend-on-sea SS0 7JN	£2,077	65	2	Flat
£200K	06/21	0.49 mi	8, Claremont Road, Westcliff-on-sea, Southend-on-sea SS0 7DZ	£3,008	67	2	Flat
£166.5K	11/20	0.51 mi	Flat 14, Napier Court West, Gordon Place, Southend-on-sea SS1 1NH	-	-	2	Flat
£184.5K	10/21	0.51 mi	46, Burdett Avenue, Westcliff-on-sea, Southend-on-sea SS0 7JW	£2,883	64	2	Flat
£150K	12/20	0.51 mi	82, Burdett Avenue, Westcliff-on-sea, Southend-on-sea SS0 7JW	£2,574	58	2	Flat
£185K	02/21	0.52 mi	30, Hamlet Road, Southend-on-sea SS1 1HJ	£3,410	54	2	Flat
£235K	11/20	0.52 mi	16, St Johns Road, Westcliff-on-sea, Southend-on-sea SS0 7JZ	£3,406	69	2	Flat
£218K	11/21	0.52 mi	96a, Ennismore Gardens, Southend-on-sea SS2 5RB	£3,114	70	2	Flat
£210K	12/20	0.52 mi	96, Ennismore Gardens, Southend-on-sea SS2 5RB	£3,043	69	2	Flat
£237.5K	05/23	0.52 mi	108a, Ennismore Gardens, Southend-on-sea SS2 5RB	-	-	2	Flat
£220K	02/23	0.53 mi	485a, Sutton Road, Southend-on-sea SS2 5PL	£3,014	73	2	Flat
£210K	08/23	0.53 mi	473b, Sutton Road, Southend-on-sea SS2 5PL	-	-	2	Flat
£235K	01/21	0.53 mi	2a, Dryden Avenue, Southend-on-sea SS2 5EU	£2,975	79	2	Flat
£225K	06/21	0.53 mi	2, Burdett Avenue, Westcliff-on-sea, Southend-on-sea SS0 7JW	£2,598	87	2	Flat
£210K	09/21	0.54 mi	41, Central Avenue, Southend-on-sea SS2 5HR	£4,167	50	2	Flat
£205K	04/21	0.55 mi	64, Westborough Road, Westcliff-on-sea, Southend-on-sea SS0 9DL	£2,631	78	2	Flat
£140.5K	03/21	0.55 mi	40, Sutton Road, Southend-on-sea SS2 5EW	£2,555	55	2	Flat
£200K	09/21	0.56 mi	70a, South Avenue, Southend-on-sea SS2 5JB	£4,319	46	2	Flat
£202.5K	02/21	0.57 mi	29, South Avenue, Southend-on-sea SS2 5JA	£3,266	62	2	Flat
£200K	09/21	0.57 mi	43a, Swanage Road, Southend-on-sea SS2 5HX	£3,571	56	2	Flat
£220K	10/23	0.58 mi	Ground Floor Flat, 28, Whitegate Road, Southend-on-sea SS1 2LQ	-	-	2	Flat
£245K	05/23	0.58 mi	11a, Shakespeare Avenue, Westcliff-on-sea, Southend-on-sea SS0 0ST	£3,822	64	2	Flat
£244K	06/21	0.58 mi	Ground Floor Flat, 86, St Helens Road, Westcliff-on-sea, Southend-on-sea SS0 7LE	-	-	2	Flat
£220K	01/21	0.58 mi	92, St Helens Road, Westcliff-on-sea, Southend-on-sea SS0 7LE	£3,607	61	2	Flat
£200K	11/21	0.6 mi	12, Hermitage Road, Westcliff-on-sea, Southend-on-sea SS0 7NQ	£3,226	62	2	Flat
£208K	03/23	0.6 mi	158, Glenwood Avenue, Westcliff-on-sea, Southend-on-sea SS0 9DT	£5,390	39	2	Flat
£285K	03/21	0.61 mi	23b, Cambridge Road, Southend-on-sea SS1 1ET	-	-	2	Flat
£200K	09/21	0.62 mi	70a, South Avenue, Southend-on-sea SS2 5JB	£4,319	46	2	Flat
£130K	08/23	0.63 mi	75a, Tyrrel Drive, Southend-on-sea SS1 2LN	£2,322	56	2	Flat
£193K	12/23	0.63 mi	6, Tyrrel Drive, Southend-on-sea SS1 2LN	£3,063	63	2	Flat
£213K	12/23	0.64 mi	194, Fairfax Drive, Westcliff-on-sea, Southend-on-sea SS0 9BG	£2,878	74	2	Flat
£240.5K	04/21	0.64 mi	68a, Valkyrie Road, Westcliff-on-sea, Southend-on-sea SS0 8AP	£2,672	90	2	Flat
£250K	09/21	0.64 mi	50, Cossington Road, Westcliff-on-sea, Southend-on-sea SS0 7NG	£3,623	69	2	Flat

Local Rents

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

Rent	Date	Distance	Address	Beds	Type
£1,500	10/24	0 mi	-	2	Flat
£1,650	02/25	0 mi	-	2	Flat
£1,400	09/24	0 mi	Victoria Avenue, Southend-on-Sea	2	Flat
£1,350	03/24	0 mi	Beaumont Court	2	Flat
£1,250	03/24	0 mi	Beaumont Court, Southend-On-Sea	2	Flat
£1,350	09/24	0 mi	Victoria Avenue, SOUTHEND-ON-SEA	2	Flat
£1,450	09/24	0 mi	Victoria Avenue, SOUTHEND-ON-SEA	2	Flat
£1,400	09/24	0 mi	2 bedroom 1st Floor Flat in Southend on Sea	2	Flat
£1,450	09/24	0 mi	Victoria Avenue, SOUTHEND-ON-SEA	2	Flat
£1,350	09/24	0 mi	Beaumont Court, Victoria Avenue	2	Flat
£1,350	09/24	0 mi	Beaumont Court, Victoria Avenue, Southend on Sea	2	Flat
£1,450	09/24	0 mi	Victoria Avenue, SOUTHEND-ON-SEA	2	Flat
£1,400	09/24	0 mi	Victoria Avenue, Southend-on-Sea	2	Flat
£1,275	09/24	0.01 mi	Beaumont Court, - Victoria Avenue, Southend-On-Sea	2	Flat
£1,450	11/23	0.01 mi	-	2	Flat
£1,400	09/24	0.02 mi	-	2	Flat
£1,550	03/25	0.02 mi	-	2	Flat
£1,350	11/24	0.03 mi	-	2	Flat
£1,500	04/25	0.03 mi	-	2	Flat
£1,350	02/25	0.03 mi	-	2	Flat
£1,350	03/25	0.03 mi	-	2	Flat
£1,175	02/25	0.04 mi	The Pinnacle , 59 Victoria Avenue	2	Flat
£1,125	09/24	0.04 mi	The Pinnacle , Southend-On-Sea	2	Flat
£1,250	09/24	0.05 mi	-	2	Flat
£1,250	08/24	0.05 mi	-	2	Flat
£1,250	09/24	0.05 mi	-	2	Flat
£1,300	11/24	0.06 mi	-	2	Flat
£1,325	09/24	0.06 mi	The Avenue, Southend-on-sea, Essex	2	Flat
£1,325	03/24	0.06 mi	The Avenue, Southend-on-sea, Essex	2	Flat
£1,000	04/25	0.11 mi	-	2	Flat
£1,350	09/24	0.12 mi	Sweyne Avenue, Southend On Sea	2	Flat
£1,280	01/25	0.14 mi	-	2	Flat
£1,700	09/24	0.18 mi	-	2	Flat
£1,400	09/24	0.19 mi	Victoria Avenue, Southend on Sea, SS2	2	Flat
£1,500	04/25	0.19 mi	-	2	Flat
£1,350	02/25	0.19 mi	-	2	Flat
£1,250	10/24	0.23 mi	-	2	Flat
£1,300	09/24	0.24 mi	North Road, Westcliff On Sea	2	Flat

Local Area Statistics

Population in SS2	36,41836,418
Population in Southend-on-Sea	106,129106,129
Town centre distance	0.69 miles away0.69 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.28 miles away0.28 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+8%+8%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+24%+24%

Property History

Price changed to £240,000

December 4, 2024

Listed for £250,000

September 3, 2024

Floor Plans

Description

On-site gym for residents' use. +
Rooftop gardens offering stunning views. +
Convenient concierge service. +
Modern flat with two bedrooms and one bathroom. +
Leasehold tenure with allocated parking space. +
Key fob entry system for secure parking. +
Ground floor unit for easy access.V +
Clean and well-maintained building exterior. +

With on-site gym facilities, rooftop gardens, and a dedicated concierge service, residents enjoy luxury living at its finest. The property itself comprises two bedrooms, one bathroom, and a ground floor location for easy access. With allocated parking included, this leasehold property presents an excellent opportunity for those seeking urban convenience and modern comforts.

Tenure: Leasehold
Council Tax Band: C

Agent Details

Gilbert & Rose, Leigh-on-sea

01702 967150

Next Steps?

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