dealsourcr

2 Bed Flat, Single Let, Southend-on-Sea, SS1 2PT, £140,000

626C Southchurch Road, Southend-on-Sea, Essex, SS1 2PT - 4 views - 7 months ago

Sold STC
Leasehold
Auction
BTL
ROI: 9%
43 m²
+4 photos

ValuationUndervalued

Sold Prices£1 - £337K
Sold Prices/m²£0/m² - £5.1K/m²

 

 

Square Metres

43 m²
Price/m²£3.3K/m²

Value Estimate

£143,831
BMV3%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£35,000

Stamp Duty & Legal Fees

£5,400

Total Cash In

£40,400

 

 

Cash Out

 

Rent Range

£925 - £2,650

Rent Estimate

£950

Running Costs/mo

£648

Cashflow/mo

£303

Cashflow/yr

£3,630

ROI

9%

Gross Yield

8%

Local Sold Prices

51 sold prices from £1 to £337K, average is £198K. £0/m² to £5.1K/m², average is £3.3K/m².

PriceDateDistanceAddressBeds 
£192.5K10/230.06 mi15a, Lovelace Avenue, Southend-on-sea SS1 2QU2
£170K06/210.08 mi36a, Oakleigh Avenue, Southend-on-sea SS1 2QR2
£195K03/210.13 mi21a, Surbiton Road, Southend-on-sea SS2 4NR2
£217K06/230.13 mi56, Lovelace Gardens, Southend-on-sea SS2 4NU2
£220K12/220.16 mi18a, Ilfracombe Road, Southend-on-sea SS2 4PB2
£330K09/210.23 mi111, Ambleside Drive, Southend-on-sea SS1 2UP2
£180K03/210.24 mi16a, Stromness Road, Southend-on-sea SS2 4JQ2
£270K11/210.24 mi4, Bellevue Mews, Southend-on-sea SS2 4PE2
£211K12/200.24 mi209a, Stornoway Road, Southend-on-sea SS2 4NJ2
£195K12/200.25 mi118, Trinity Road, Southend-on-sea SS2 4HW2
£177.5K11/200.26 mi131a, Brunswick Road, Southend-on-sea SS1 2UL2
£230K10/230.27 mi15a, Castleton Road, Southend-on-sea SS2 4UD2
£192.5K06/210.28 mi27a, Stromness Road, Southend-on-sea SS2 4JG2
£200K10/210.28 mi39, Stromness Road, Southend-on-sea SS2 4JG2
£160K07/210.28 mi2a, Trinity Road, Southend-on-sea SS2 4HJ2
£177K03/210.32 mi11a, Oban Road, Southend-on-sea SS2 4JJ2
£177K03/210.32 mi11a, Oban Road, Southend-on-sea SS2 4JJ2
£200K06/210.35 mi31a, Christchurch Road, Southend-on-sea SS2 4JS2
£198K04/210.36 mi40a, Westbury Road, Southend-on-sea SS2 4DP2
£209K12/200.38 mi262, Central Avenue, Southend-on-sea SS2 4EE2
£197K12/200.38 mi53, Leamington Road, Southend-on-sea SS1 2SW2
£197.5K12/230.39 mi49, Ambleside Drive, Southend-on-sea SS1 2UT2
£175K08/210.39 mi59, Ambleside Drive, Southend-on-sea SS1 2UT2
£189K03/210.42 mi55, Cheltenham Road, Southend-on-sea SS1 2SA2
£200K03/210.42 mi78, Boscombe Road, Southend-on-sea SS2 4JP2
£180K05/210.42 mi101a, Boscombe Road, Southend-on-sea SS2 4JP2
£200K02/210.43 mi69a, Wimborne Road, Southend-on-sea SS2 4JR2
£190K06/210.47 mi43a, Honiton Road, Southend-on-sea SS1 2RY2
£337K08/210.47 mi100, Victoria Road, Southend-on-sea SS1 2TF2
£217.5K01/230.48 mi11a, Cheltenham Road, Southend-on-sea SS1 2SB2
£320K05/210.49 mi132, Southchurch Avenue, Southend-on-sea SS1 2RP2
£179K06/210.52 mi30, Crossfield Road, Southend-on-sea SS2 4LS2
£196K03/210.53 mi48b, Seaforth Grove, Southend-on-sea SS2 4EW2
£155K12/220.53 mi109, Southchurch Avenue, Southend-on-sea SS1 2RW2
£103/210.55 mi31, Northumberland Avenue, Southend-on-sea SS1 2TH2
£148.5K06/210.55 mi11, Kilworth Avenue, Southend-on-sea SS1 2DS2
£245K01/230.56 mi12, Cromer Road, Southend-on-sea SS1 2DU2
£210K12/200.59 mi107, Rylands Road, Southend-on-sea SS2 4LL2
£192K04/210.59 mi21a, Kensington Road, Southend-on-sea SS1 2SX2
£290K06/230.59 mi45a, Kensington Road, Southend-on-sea SS1 2SX2
£200K09/210.59 mi70a, South Avenue, Southend-on-sea SS2 5JB2
£210K12/230.6 mi9a, Lancaster Gardens, Southend-on-sea SS1 2NS2
£195.5K03/230.6 mi89, Marks Court, Southend-on-sea SS1 2RQ2
£230K07/230.61 miFlat 15, Melville Court, Victoria Road, Southend-on-sea SS1 2TQ2
£240K11/210.62 mi3, Jetty Mews, Southend-on-sea SS1 2AG2
£200K09/210.63 mi43a, Swanage Road, Southend-on-sea SS2 5HX2
£200K10/200.63 mi2, Retort Close, Southend-on-sea SS1 2AQ2
£175K03/210.63 mi22, Marks Court, Southend-on-sea SS1 2RH2
£153K11/200.63 mi34, Marks Court, Southend-on-sea SS1 2RH2
£198K05/230.64 mi3a, Hastings Road, Southend-on-sea SS1 2DR2
£200K09/210.64 mi70a, South Avenue, Southend-on-sea SS2 5JB2

Local Rents

49 rents from £925/mo to £2.6K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,18509/240.02 miSouthchurch Road, Southend-on-Sea, Essex, SS1 2PW2
£1,00009/240.04 miThe Courtyard, Southchurch Road2
£1,10009/240.05 miSouthchurch Road, Southend-On-Sea2
£1,29508/240.1 mi-2
£1,30002/240.17 miDalmatia Road, Southend-On-Sea, Essex, SS12
£1,30009/240.21 mi-2
£1,30003/250.24 mi-2
£97509/240.25 miStromness Road, Southend-On-Sea, Essex, SS22
£1,25007/240.28 mi-2
£1,40009/240.29 miChase Court Gardens, Southend-on-Sea2
£1,35010/230.3 mi-2
£1,45002/250.32 mi-2
£1,40012/240.32 mi-2
£1,39509/240.34 miWoodgrange Drive, Southend-On-Sea2
£1,40007/240.34 mi-2
£1,30009/240.36 mi-2
£95009/240.39 miHamstel Road, Southend-On-Sea2
£1,10009/240.4 mi2 bedroom 1st Floor Flat in Southend on Sea2
£97512/230.44 mi-2
£1,20003/250.44 mi-2
£1,20009/240.46 miSouthchurch Avenue, Southend-On-Sea2
£1,20009/240.46 miHoniton Road, Southend-On-Sea2
£1,40009/240.48 mi-2
£1,45004/250.48 mi-2
£1,40009/240.48 miHighbanks, Southend on Sea2
£2,07009/240.48 mi-2
£2,07009/240.48 miNorthumberland Crescent, Southend-On-Sea, SS12
£92509/240.48 miNorthumberland Crescent, Southend On Sea2
£1,10009/240.49 miClose To Seafront, Southend On Sea2
£1,35009/240.49 mi-2
£1,60004/250.5 mi-2
£1,25009/240.51 miManilla Road, Southend-on-Sea2
£1,19503/250.51 mi-2
£1,14503/250.51 mi-2
£2,65009/240.53 miSouthend On Sea, Southend-On-Sea, SS22
£2,65009/240.53 mi-2
£1,57503/250.53 mi-2
£1,50009/240.53 miFreemans Court, 1 Honiton Road, Southend On Sea, Essex, SS12
£1,30007/240.53 mi-2
£1,05002/250.54 mi-2
£1,20002/250.54 miSeafront, Southend On Sea2
£1,25009/240.54 miSouthchurch Road, Southend-On-Sea, Essex, SS12
£1,10002/240.54 mi-2
£1,25009/240.54 miSouthchurch Road, Southend-On-Sea, Essex, SS12
£1,25009/240.55 miSouthchurch Road, Southend-On-Sea, Essex, SS12
£1,30009/240.56 miSouthchurch Avenue, Southend-on-Sea, Essex, SS12
£99509/240.56 miRylands Road,2
£1,20009/240.57 miSouthchurch Avenue, Southend On Sea2
£99502/240.57 mi-2

Links

Local Area Statistics

Population in SS1

26,369

Population in Southend-on-Sea

106,129

Town centre distance

0.85 miles away

Nearest school

0.40 miles away

Nearest train station

0.17 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+40%

Sales demand

Buyer's market

Capital growth (5yrs)

+21%

Property History

Listed for £140,000

September 17, 2024

Sold for £60,000

2003

Description

  • Leasehold +
  • By appointment with the auctioneers +

RESIDENTIAL INVESTMENT: A VACANT TWO BEDROOM TOP FLOOR FLAT WITH SEA VIEWS TO THE REAR AND THE PROPERTY HAS A DETACHED GARAGE.
A vacant two bedroom top floor flat located in Southchurch. The property is positioned in a popular residential area surrounded by local amenities and within walking distance to Southend East Train Station. Benefits include a fully fitted kitchen, off street parking, garage and sea views. It is considered that this property would be an ideal home occupier or buy to let opportunity.
Entrance Hall
Lounge - 11'10 x 8'9
Kitchen - 16'2 x 6'5
Bedroom One - 11'7 x 7'4
Bedroom Two - 10'4 x 9'8 > 7'9
Bathroom - 12'1 x 4'5

Outside:
Off Street Parking
Garage
The property is subject to a lease of 99 years from 1st July 1985 however we have been advised that the seller has applied to extend the lease by a further 90 years. Refer to the legal pack for further details
Please refer to legal pack
D

Agent Details

Dedman Gray Auctions, Essex

01702 311010

Next Steps?

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

Similar Properties

Like this property? Maybe you'll like these ones close by too.

2 Bed Flat, Single Let, Southend-on-Sea, SS1 2QU

£200,000

20 days ago • 68 m²

2 Bed House, Single Let, Southend-on-Sea, SS1 2QR

£290,000

2 views • a month ago • 68 m²

Sold STC

3 Bed House, Single Let, Southend-on-Sea, SS2 4NS

£390,000

3 views • 6 months ago • 108 m²

Sold STC

2 Bed Flat, Single Let, Southend-on-Sea, SS2 4NR

£230,000

3 views • 6 months ago • 55 m²

dealsourcr
Deals
Deal SearchSaved SearchesSaved DealsAddress Lookup
Tools
Deal AnalyserRightmove LookupRefurb CalculatorNew Build CalculatorStamp Duty Calculator
Refer a friend. Get £140!My Account