2 Bed Flat, Single Let, Basildon, SS16 4TZ, £190,000





ValuationUndervalued
Sold Prices | £134K - £245K |
Sold Prices/m² | £2.7K/m² - £4.1K/m² |
| |
Square Metres | ~68.11 m² |
Price/m² | £2.8K/m² |
Value Estimate | £232,379 |
BMV | 22% |
Cashflows
Cash In | |
Purchase Finance | Mortgage |
Deposit (25%) | £47,500 |
Stamp Duty & Legal Fees | £10,700 |
Total Cash In | £58,200 |
| |
Cash Out | |
Rent Range | £1,200 - £1,500 |
Rent Estimate | £1,250 |
Running Costs/mo | £864 |
Cashflow/mo | £386 |
Cashflow/yr | £4,635 |
ROI | 8% |
Gross Yield | 8% |
Local Sold Prices
20 sold prices from £134K to £245K, average is £195K. £2.7K/m² to £4.1K/m², average is £3.4K/m².
Local Rents
10 rents from £1.2K/mo to £1.5K/mo, average is £1.3K/mo.
Local Area Statistics
Population in SS16 | 29,575 |
Population in Basildon | 105,369 |
Town centre distance | 1.56 miles away |
Nearest school | 0.30 miles away |
Nearest train station | 0.27 miles away |
| |
Rental demand | Landlord's market |
Rental growth (12m) | +38% |
Sales demand | Balanced market |
Capital growth (5yrs) | +26% |
Property History
Price changed to £190,000
February 4, 2025
Listed for £200,000
October 9, 2024
Floor Plans

Description
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