2 Bed Flat, Single Let, Leigh-on-Sea, SS9 3ND, £240,000

London Road, Leigh-on-sea, SS9 3ND - 5 views - 7 months ago

Sold STC
Leasehold
BTL
ROI: 3%
~68 m²
+3 photos

ValuationUndervalued

Sold Prices£187K - £375K
Sold Prices/m²£2.5K/m² - £6.6K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.5K/m²

Value Estimate

£300,000
BMV25%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£60,000

Stamp Duty & Legal Fees

£8,400

Total Cash In

£68,400

 

 

Cash Out

 

Rent Range

£900 - £3,000

Rent Estimate

£1,200

Running Costs/mo

£1,010

Cashflow/mo

£190

Cashflow/yr

£2,280

ROI

3%

Gross Yield

6%

Local Sold Prices

52 sold prices from £187K to £375K, average is £280K. £2.5K/m² to £6.6K/m², average is £4.5K/m².

PriceDateDistanceAddressBeds 
£330K01/230.09 mi130a, Oakleigh Park Drive, Leigh-on-sea, Southend-on-sea SS9 1RU2
£292.5K09/230.09 mi256a, Elm Road, Leigh-on-sea, Southend-on-sea SS9 1SA2
£325K08/230.11 mi130, Oakleigh Park Drive, Leigh-on-sea, Southend-on-sea SS9 1RU2
£270K02/210.13 mi1, Cranleigh Drive, Leigh-on-sea, Southend-on-sea SS9 1SX2
£280K11/200.14 mi193a, Elm Road, Leigh-on-sea, Southend-on-sea SS9 1SB2
£275K05/210.15 mi1099, London Road, Leigh-on-sea, Southend-on-sea SS9 3JJ2
£270K09/210.16 mi62, Olivia Drive, Leigh-on-sea, Southend-on-sea SS9 3EG2
£270K09/210.16 mi62, Olivia Drive, Leigh-on-sea, Southend-on-sea SS9 3EG2
£235K01/210.16 mi12a, Station Road, Leigh-on-sea, Southend-on-sea SS9 1SU2
£235K01/210.16 mi12a, Station Road, Leigh-on-sea, Southend-on-sea SS9 1SU2
£260K07/210.17 mi1a, Cranleigh Drive, Leigh-on-sea, Southend-on-sea SS9 1SX2
£295K06/230.19 mi64a, Leigh Hall Road, Leigh-on-sea, Southend-on-sea SS9 1QZ2
£285K10/200.2 mi49a, Dawlish Drive, Leigh-on-sea, Southend-on-sea SS9 1QX2
£285K10/200.2 mi49a, Dawlish Drive, Leigh-on-sea, Southend-on-sea SS9 1QX2
£315K08/230.2 mi24, Torquay Drive, Leigh-on-sea, Southend-on-sea SS9 1SE2
£306K10/200.2 mi71a, Leigham Court Drive, Leigh-on-sea, Southend-on-sea SS9 1PT2
£263K03/210.2 mi103a, Oakleigh Park Drive, Leigh-on-sea, Southend-on-sea SS9 1RR2
£328K10/230.2 mi87a, Oakleigh Park Drive, Leigh-on-sea, Southend-on-sea SS9 1RR2
£308K02/210.21 mi88, Oakleigh Park Drive, Leigh-on-sea, Southend-on-sea SS9 1RS2
£285K01/230.21 mi78a, Oakleigh Park Drive, Leigh-on-sea, Southend-on-sea SS9 1RS2
£210K05/230.21 mi86b, Oakleigh Park Drive, Leigh-on-sea, Southend-on-sea SS9 1RS2
£295K12/220.22 mi35a, Torquay Drive, Leigh-on-sea, Southend-on-sea SS9 1SD2
£240K06/210.23 mi56, Leighton Avenue, Leigh-on-sea, Southend-on-sea SS9 1QA2
£270K03/230.23 mi16a, Chalkwell Park Drive, Leigh-on-sea, Southend-on-sea SS9 1NJ2
£295K10/200.24 mi22, Victoria Drive, Leigh-on-sea, Southend-on-sea SS9 1SF2
£227.5K12/200.24 mi42, Victoria Drive, Leigh-on-sea, Southend-on-sea SS9 1SF2
£340K06/210.24 mi22a, Victoria Drive, Leigh-on-sea, Southend-on-sea SS9 1SF2
£300K12/220.25 mi15, Victoria Drive, Leigh-on-sea, Southend-on-sea SS9 1SF2
£290K02/210.26 mi164a, Elm Road, Leigh-on-sea, Southend-on-sea SS9 1SQ2
£295K06/210.27 mi63a, Chalkwell Park Drive, Leigh-on-sea, Southend-on-sea SS9 1NH2
£375K11/230.28 mi149, Pall Mall, Leigh-on-sea, Southend-on-sea SS9 1RE2
£270K06/210.29 mi123a, Southsea Avenue, Leigh-on-sea, Southend-on-sea SS9 2BH2
£310K11/200.3 mi144a, Pall Mall, Leigh-on-sea, Southend-on-sea SS9 1RA2
£265K10/230.3 mi127, Elm Road, Leigh-on-sea, Southend-on-sea SS9 1SP2
£260K04/210.33 mi1, Norfolk Avenue, Leigh-on-sea, Southend-on-sea SS9 3HA2
£195K12/200.34 miFlat 29, Portchester Court, Chalkwell Park Drive, Leigh-on-sea, Southend-on-sea SS9 1NR2
£187K12/200.34 miFlat 30, Portchester Court, Chalkwell Park Drive, Leigh-on-sea, Southend-on-sea SS9 1NR2
£215K11/230.34 miFlat 29, Portchester Court, Chalkwell Park Drive, Leigh-on-sea, Southend-on-sea SS9 1NR2
£213.5K10/230.34 miFlat 42, Portchester Court, Chalkwell Park Drive, Leigh-on-sea, Southend-on-sea SS9 1NR2
£261.5K06/210.35 mi29a, Leigh Hall Road, Leigh-on-sea, Southend-on-sea SS9 1RL2
£300K12/220.35 mi32b, Leigh Hall Road, Leigh-on-sea, Southend-on-sea SS9 1RN2
£260K03/230.36 mi29a, Oakleigh Park Drive, Leigh-on-sea, Southend-on-sea SS9 1RP2
£226K04/210.38 mi19, Norfolk Avenue, Leigh-on-sea, Southend-on-sea SS9 3HA2
£301K06/230.38 mi24, Southsea Avenue, Leigh-on-sea, Southend-on-sea SS9 2AX2
£265K07/230.38 mi46, Southsea Avenue, Leigh-on-sea, Southend-on-sea SS9 2AX2
£265K07/230.38 mi46, Southsea Avenue, Leigh-on-sea, Southend-on-sea SS9 2AX2
£280K09/210.39 mi8, Alexandra Road, Leigh-on-sea, Southend-on-sea SS9 1QD2
£297K12/230.39 mi12, East Street, Leigh-on-sea, Southend-on-sea SS9 1QF2
£305K03/210.39 mi106a, Glendale Gardens, Leigh-on-sea, Southend-on-sea SS9 2AY2
£275K02/230.45 mi27, Victor Drive, Leigh-on-sea, Southend-on-sea SS9 1PP2
£340K04/210.45 mi56b, Woodfield Park Drive, Leigh-on-sea, Southend-on-sea SS9 1LW2
£280K12/220.46 miFlat 86, St Clements Court East, Broadway West, Leigh-on-sea, Southend-on-sea SS9 2BS2

Local Rents

50 rents from £900/mo to £3K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,09512/240.03 mi-2
£1,45009/240.06 miLeigh Hall Road, Leigh-on-Sea2
£1,20009/240.09 miElm Road, Leigh-On-Sea, Essex, SS92
£1,75009/240.14 miLeighton Avenue, Leigh-On-Sea2
£1,50009/240.16 mi-2
£1,25009/240.19 miLeigh on Sea2
£1,25009/240.21 mi-2
£1,30009/240.28 mi43a Pall MallLeigh On SeaEssex2
£1,60002/250.29 mi-2
£1,65003/250.29 mi-2
£1,45004/250.29 mi-2
£1,25009/240.29 miPall Mall, Leigh-on-Sea2
£1,29504/250.3 mi-2
£1,15009/240.31 miPavilion Drive, Leigh on sea2
£1,49509/240.33 miGrange Park Drive Leigh On Sea2
£1,20009/240.34 miTankerville Drive, Leigh-on-Sea, SS92
£1,25002/250.34 mi-2
£90012/240.35 mi-2
£1,20009/240.36 miTankerville Drive, Leigh-on-Sea2
£1,20009/240.38 miLeigh Road, Leigh-On-Sea2
£1,40009/240.38 miGlendale Gardens, Leigh-on-Sea2
£1,45009/240.41 mi-2
£1,42503/250.42 mi-2
£1,95009/240.43 miWest Street, Leigh On Sea2
£1,65009/240.43 miThe Broadway, Leigh on sea, Leigh on sea, 2
£1,80003/250.44 mi-2
£1,25009/240.45 miBroadway, Leigh-On-Sea2
£1,35012/240.45 mi-2
£1,35012/240.46 mi-2
£3,00009/240.47 mi-2
£1,37509/240.47 miSuffolk Avenue, Leigh on Sea2
£99509/240.47 miSt Clements Court, Broadway West, Leigh-on-Sea2
£1,80012/240.48 mi-2
£1,85003/250.48 mi-2
£1,35009/240.5 miGrand Drive, Leigh On Sea, Essex2
£1,35002/240.51 mi-2
£1,10009/240.51 miEnsign Close, Leigh-on-Sea, Essex, SS92
£2,10003/250.52 mi-2
£1,25009/240.54 miSalisbury Road, Leigh-on-Sea2
£1,20009/240.55 mi-2
£1,20009/240.55 miLeigh Cliff Road, Leigh-on-Sea, Essex2
£1,40009/240.55 miWoodfield Road, Leigh On Sea, Essex2
£1,25009/240.56 miHadleigh Road, Leigh On Sea, Essex2
£1,55012/240.57 mi-2
£1,35009/240.57 miLaurel Close, Leigh-on-Sea2
£1,79509/240.59 mi-2
£1,79509/240.59 miGrand Parade, Leigh On Sea, SS92
£1,35009/240.59 miFlat , Sandleigh Court, Sandleigh Road, Leigh-on-Sea2
£1,25009/240.6 miLeigh on Sea - Marine Estate2
£1,40009/240.6 miGrand Parade, Leigh-On-Sea2

Local Area Statistics

Population in SS9

49,984

Town centre distance

0.57 miles away

Nearest school

0.40 miles away

Nearest train station

0.83 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+14%

Sales demand

Balanced market

Capital growth (5yrs)

+24%

Property History

Listed for £240,000

September 20, 2024

Description

  • Great first property or Investment +
  • Central location close to amenities +
  • Close to broadway shops and lifestyle +
  • OIRO £270,000 +
  • Allocated secured parking +
  • 117 year lease +
  • Less than 10 years old +
  • Two bedrooms +
  • No chain +

Central Leigh on sea location, close to shops, Broadway, bars and restaurants. Within walking distance to station and on bus routes. This modern two bedroom first floor apartment has an open plan kitchen/living area with balcony and parking, no chain. A great first time purchase or Investment.
Communal entrance: Stairs leading to first floor Entrance hall: Storage cupboard housing boiler. Open plan living/kitchen/dining area: 15' x 14'8 Kitchen area: Matching units with worksurfaces, sink unit with mixer taps, built in oven with induction hob, integrated fridge/freezer, washer/dryer and dishwasher, tiled floor area. Living area: Double glazed doors to Juliette balcony, wood effect flooring, spotlights to ceiling, radiator. Bedroom One: 10'6 x 8'2 Double glazed window to front, radiator. Bedroom Two: 10' x 7'4 Double glazed window to front, smart wiring for wall mounted TV with aerial, radiator. Bathroom: Bath with mixer taps and glass shower screen, vanity wash hand basin with mixer taps and cupboards under, low kevel WC, heated towel rail, tiled flooring, under floor heating, tiling to walls.  Leasehold property with 117 years left on lease, £428 per quarter of the year, includes buildings insurance, ground rent and maintenance charges.

Disclaimer Whilst we make enquiries with the Seller to ensure the information provided is accurate, Yopa makes no representations or warranties of any kind with respect to the statements contained in the particulars which should not be relied upon as representations of fact. All representations contained in the particulars are based on details supplied by the Seller. Your Conveyancer is legally responsible for ensuring any purchase agreement fully protects your position. Please inform us if you become aware of any information being inaccurate. Money Laundering Regulations Should a purchaser(s) have an offer accepted on a property marketed by Yopa, they will need to undertake an identification check and asked to provide information on the source and proof of funds. This is done to meet our obligation under Anti Money Laundering Regulations (AML) and is a legal requirement. We use a specialist third party service together with an in-house compliance team to verify your information. The cost of these checks is £70 +VAT per purchase, which is paid in advance, when an offer is agreed and prior to a sales memorandum being issued. This charge is non-refundable under any circumstances.

Agent Details

Yopa, East Anglia & London

01270 447764

Next Steps?

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