2 Bed Flat, Single Let, Southend-on-Sea, SS1 1LL, £175,000

2 Bedroom Flat, High Street, Southend on Sea, SS1 1LL - 7 views - 6 months ago

Sold STC
Leasehold
BTL
ROI: 6%
~76 m²
+14 photos

ValuationUndervalued

Sold Prices£75K - £490K
Sold Prices/m²£1.6K/m² - £5.4K/m²

 

 

Square Metres

~76 m²
Price/m²£2.3K/m²

Value Estimate

£218,750
BMV25%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£43,750

Stamp Duty & Legal Fees

£6,450

Total Cash In

£50,200

 

 

Cash Out

 

Rent Range

£900 - £3,400

Rent Estimate

£1,031

Running Costs/mo

£773

Cashflow/mo

£258

Cashflow/yr

£3,095

ROI

6%

Gross Yield

7%

Local Sold Prices

50 sold prices from £75K to £490K, average is £200K. £1.6K/m² to £5.4K/m², average is £3.4K/m².

PriceDateDistanceAddressBeds 
£180K08/230.08 mi32b, Elmer Avenue, Southend-on-sea SS1 1NB2
£187.5K07/210.12 mi15, Napier Avenue, Southend-on-sea SS1 1LY2
£220K10/230.15 miGround Floor Flat, 28, Whitegate Road, Southend-on-sea SS1 2LQ2
£166.5K11/200.16 miFlat 14, Napier Court West, Gordon Place, Southend-on-sea SS1 1NH2
£235K10/230.18 mi10, Ashburnham Road, Southend-on-sea SS1 1QD2
£185K02/210.21 mi30, Hamlet Road, Southend-on-sea SS1 1HJ2
£180K11/210.26 mi83b, Princes Street, Southend-on-sea SS1 1PT2
£285K03/210.28 mi23b, Cambridge Road, Southend-on-sea SS1 1ET2
£130K08/230.29 mi75a, Tyrrel Drive, Southend-on-sea SS1 2LN2
£193K12/230.29 mi6, Tyrrel Drive, Southend-on-sea SS1 2LN2
£210K10/200.3 mi8a, Tyrrel Drive, Southend-on-sea SS1 2LN2
£265K12/230.32 mi57, Boston Avenue, Southend-on-sea SS2 6JH2
£235K03/230.32 mi49a, Boston Avenue, Southend-on-sea SS2 6JH2
£375K06/210.33 mi6b, Clifton Terrace, Southend-on-sea SS1 1DT2
£450K03/230.33 mi6, Clifton Terrace, Southend-on-sea SS1 1DT2
£461.4K02/210.33 mi11, Clifftown Parade, Southend-on-sea SS1 1DP2
£330K01/230.34 mi3a, Clifftown Parade, Southend-on-sea SS1 1DP2
£140.5K03/210.36 mi40, Sutton Road, Southend-on-sea SS2 5EW2
£210K12/230.37 mi9a, Lancaster Gardens, Southend-on-sea SS1 2NS2
£198K05/230.37 mi3a, Hastings Road, Southend-on-sea SS1 2DR2
£130K06/210.37 mi120a, York Road, Southend-on-sea SS1 2DJ2
£170K09/230.38 mi111c, York Road, Southend-on-sea SS1 2DL2
£230K12/220.4 mi3, Hastings Road, Southend-on-sea SS1 2DR2
£148.5K06/210.44 mi11, Kilworth Avenue, Southend-on-sea SS1 2DS2
£200K09/210.46 mi43a, Swanage Road, Southend-on-sea SS2 5HX2
£245K01/230.47 mi12, Cromer Road, Southend-on-sea SS1 2DU2
£200K09/210.48 mi70a, South Avenue, Southend-on-sea SS2 5JB2
£75K04/210.48 miFlat 27, Martins Court, Stadium Road, Southend-on-sea SS2 5DH2
£202.5K02/210.5 mi29, South Avenue, Southend-on-sea SS2 5JA2
£155K12/220.5 mi109, Southchurch Avenue, Southend-on-sea SS1 2RW2
£210K09/210.52 mi41, Central Avenue, Southend-on-sea SS2 5HR2
£320K05/210.52 mi132, Southchurch Avenue, Southend-on-sea SS1 2RP2
£200K09/210.53 mi70a, South Avenue, Southend-on-sea SS2 5JB2
£150K06/210.54 mi7, Balmoral Road, Westcliff-on-sea, Southend-on-sea SS0 7DG2
£270K02/210.55 mi11a, Marine Avenue, Westcliff-on-sea, Southend-on-sea SS0 7PS2
£190K06/210.55 mi43a, Honiton Road, Southend-on-sea SS1 2RY2
£235K01/210.57 mi2a, Dryden Avenue, Southend-on-sea SS2 5EU2
£200K03/210.57 mi78, Boscombe Road, Southend-on-sea SS2 4JP2
£180K05/210.57 mi101a, Boscombe Road, Southend-on-sea SS2 4JP2
£490K08/210.58 mi31, Westcliff Parade, Westcliff-on-sea, Southend-on-sea SS0 7QP2
£145K07/210.58 mi24, Tunbridge Road, Southend-on-sea SS2 6LT2
£220K12/230.58 mi24a, Tunbridge Road, Southend-on-sea SS2 6LT2
£200K02/210.59 mi69a, Wimborne Road, Southend-on-sea SS2 4JR2
£175K08/210.59 mi59, Ambleside Drive, Southend-on-sea SS1 2UT2
£189K03/210.6 mi55, Cheltenham Road, Southend-on-sea SS1 2SA2
£197.5K12/230.6 mi49, Ambleside Drive, Southend-on-sea SS1 2UT2
£135K11/230.61 mi1, Burdett Avenue, Westcliff-on-sea, Southend-on-sea SS0 7JN2
£235K11/200.61 mi16, St Johns Road, Westcliff-on-sea, Southend-on-sea SS0 7JZ2
£244K06/210.61 miGround Floor Flat, 86, St Helens Road, Westcliff-on-sea, Southend-on-sea SS0 7LE2
£220K01/210.61 mi92, St Helens Road, Westcliff-on-sea, Southend-on-sea SS0 7LE2

Local Rents

53 rents from £900/mo to £3.4K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,05002/240 miHigh Street, Southend-On-Sea, Essex, SS12
£1,37509/240.07 mi122-124 Ellaron Apartments, Flat 5, High Street, Southend-on-Sea2
£1,37509/240.08 mi122-124 Ellaron Apartments, Flat 1, High Street, Southend-on-Sea2
£1,15009/240.08 miChartwell Plaza, Southchurch Road, Southend On Sea2
£1,20009/240.09 miStation Approach, Southend-On-Sea, Essex, SS12
£1,45009/240.11 miCollege Way, Southend-on-Sea2
£1,10009/240.11 mi-2
£1,20009/240.11 mi16 Chichester Road, Southend On Sea, Essex, SS12
£1,05009/240.14 mi-2
£1,10010/230.15 mi-2
£1,25002/240.15 mi-2
£1,20009/240.16 miClifftown Road, Southend on Sea2
£1,10009/240.16 miClifftown Road, Southend on Sea2
£1,25009/240.16 mi-2
£1,25009/240.16 mi-2
£1,25009/240.18 miAshburnham Road, Southend-On-Sea2
£90009/240.2 miWarrior Square, Southend-on-sea2
£1,45009/240.2 mi-2
£1,60009/240.21 miSouthchurch Road, Southend-On-Sea, SS12
£1,60009/240.21 mi-2
£1,20002/250.21 mi-2
£1,20002/250.21 mi-2
£1,30004/250.21 mi-2
£1,30004/250.21 mi-2
£1,30004/250.21 mi-2
£1,30004/250.21 mi-2
£1,70009/240.21 miCambridge Road, Clifftown Conservation, SS12
£1,20002/240.21 miQueens Road, Southend-On-Sea2
£1,55004/250.22 mi-2
£1,10009/240.22 miLondon Road, Westcliff-On-Sea2
£1,30010/230.23 mi-2
£1,45004/250.23 mi-2
£1,82007/240.24 mi-2
£1,69003/250.24 mi-2
£1,40009/240.26 miVictoria Avenue, Southend on Sea, SS22
£1,88007/240.26 mi-2
£3,40009/240.27 mi-2
£1,88009/240.27 mi-2
£1,70009/240.27 mi-2
£1,15003/240.27 miColeman Street, Southend-on-Sea2
£1,30003/250.27 mi-2
£1,30001/250.28 mi-2
£1,20009/240.28 miAlexandra Street, Southend-On-Sea2
£2,99509/240.28 mi-2
£2,75407/240.28 mi-2
£1,20009/240.28 mi-2
£1,20003/250.28 mi-2
£1,60002/250.32 miRoyal Mews, Southend-On-Sea2
£1,50004/250.32 mi-2
£1,35002/250.32 mi-2
£1,20009/240.32 miPlaza Royal Mews, Royal Mews, Southend-On-Sea2
£1,40004/250.33 mi-2
£1,40004/250.33 mi-2

Local Area Statistics

Population in SS1

26,369

Population in Southend-on-Sea

106,129

Town centre distance

0.84 miles away

Nearest school

0.40 miles away

Nearest train station

0.13 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+40%

Sales demand

Buyer's market

Capital growth (5yrs)

+21%

Property History

Listed for £175,000

October 2, 2024

Floor Plans

Description

    • Two Double Bedrooms +
    • Modern Bathroom & En-Suite +
    • Open Living Space +
    • Fitted Kitchen +
    • High Street Location +
    • Lift Access +
    • No Onward Chain +
    • EPC - D +
    • Council Tax Band C +
    • Keys Held For Viewings +

Ground Floor

Communal Entrance - Lift and stairs to 6th floor landing, large storage cupboard, own door to;

Sixth Floor

Entrance Hall -
Inset spotlighting, secure entry phone system, double cupboard housing, electric boiler and hot water cylinder. radiator, wood effect laminate flooring.

Open Plan Living Space - 18' 4'' x 15' 6'' (5.62m x 4.74m)
Double glazed floor to ceiling windows, inset spotlights, mains wired smoke alarm, kitchen with
high gloss units to eye and base level with complementary rolled edge worktop, stainless steel
electric oven with induction hob and chimney extractor above, glass splashback, microwave, integrated fridge/freezer, washing machine and dishwasher, wood effect laminate flooring, radiator.

Bedroom One - 15' 3'' x 11' 10'' (4.66m x 3.63m)
Double glazed floor to ceiling windows, inset spotlighting, radiator, wood effect laminate flooring,
door to;

En-Suite - 7' 6'' x 4' 2'' (2.3m x 1.29m)
Extractor fan, double shower enclosure, sink set in vanity unit, w/c with concealed system,
fully tiled walls and floor, back light mirror, electric shaver point, heated towel rail.

Bedroom Two - 13' 0'' x 9' 4'' (3.97m x 2.86m)
Double glazed floor to ceiling windows, inset spotlighting, radiator, wood effect laminate flooring.

Modern Bathroom - 8' 3'' x 5' 6'' (2.53m x 1.69m)
Extractor fan, inset spotlights, tiled paneled bath with shower over, sink set in vanity unit, w/c with concealed system, fully tiled walls and floor, back light mirror, electric shaver point, heated towel rail.

Lease Information - We have been provided with the following lease information
On a R.T.M
Lease Term approx 115 years
Service Charge £2000 approx pa
Ground Rent £250 pa approx

Additional Information
For further information on this property please call or e-mail

Agent Details

Chiddicks Homes, Southend-on-Sea

01702 690007

Next Steps?

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