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

Waterville Drive, Basildon, SS16 4TZ - 6 months ago

Sold STC
Leasehold
BTL
ROI: 8%
~68 m²
+10 photos

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
BMV22%

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.

PriceDateDistanceAddressBeds 
£180K02/210.03 mi39, Waterville Drive, Vange, Basildon, Essex SS16 4TZ2
£200K02/230.04 mi148, Waterville Drive, Vange, Basildon, Essex SS16 4TY2
£200K11/220.05 mi156, Waterville Drive, Vange, Basildon, Essex SS16 4TY2
£185K01/240.05 mi68, Waterville Drive, Vange, Basildon, Essex SS16 4TY2
£195K08/230.06 mi191, Chestnut Road, Vange, Basildon, Essex SS16 4TB2
£134K02/210.1 mi61, Chestnut Road, Vange, Basildon, Essex SS16 4TD2
£187.5K09/210.13 mi59, The Glen, Vange, Basildon, Essex SS16 4XJ2
£215K02/210.39 mi9, Hartford End, Basildon, Essex SS13 3EG2
£210K11/220.43 mi32, Brackendale Court, Basildon, Essex SS13 3JR2
£195K01/210.49 miFlat 1, Firs Court, Kent View Road, Basildon, Essex SS16 4JS2
£235K10/220.51 mi8, Buckerills, Basildon, Essex SS13 3EP2
£192K09/220.58 mi18, Edinburgh Way, Pitsea, Basildon, Essex SS13 3RL2
£220K01/230.64 mi79, Travers Way, Basildon, Essex SS13 3LU2
£135K09/230.75 miFlat 16, Timberlog Place, Clay Hill Road, Basildon, Essex SS16 4NR2
£174K02/210.75 miFlat 8, Timberlog Place, Clay Hill Road, Basildon, Essex SS16 4NR2
£175K01/210.75 miFlat 22, Timberlog Place, Clay Hill Road, Basildon, Essex SS16 4NR2
£174K02/210.75 miFlat 8, Timberlog Place, Clay Hill Road, Basildon, Essex SS16 4NR2
£200K05/210.77 mi17, Cheshunts, Basildon, Essex SS13 3NL2
£205K05/240.78 mi12, Merricks Lane, Basildon, Essex SS16 4RS2
£245K08/230.83 mi29, Lenham Way, Pitsea, Basildon, Essex SS13 2NT2

Local Rents

10 rents from £1.2K/mo to £1.5K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,25009/240.04 mi-2
£1,25009/240.04 mi-2
£1,20001/240.1 mi-2
£1,30006/240.11 mi-2
£1,25009/240.21 miChestnut Close, Laindon2
£1,30009/240.22 miChestnut Court, High Road, Vange, Basildon, SS162
£1,27512/240.23 mi-2
£1,35003/250.32 mi-2
£1,39512/240.33 mi-2
£1,50009/240.59 miVange, Basildon2

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

  • Council Tax Band B +
  • Two Bedroom +
  • Around 160 Year Lease +
  • Communal Parking +
  • Walking Distance to Station +
  • Move In Ready +

GUIDE PRICE £190,000 - £210,000
NO ONWARD CHAIN!

This impressive two-bedroom top floor apartment on Waterville Drive, SS16, offers stylish and spacious living, perfect for first-time buyers, investors, or downsizers. Situated in a well-maintained block, the apartment features a welcoming hallway leading into a bright and generous lounge/diner, ideal for both relaxing and entertaining. The modern kitchen is fully equipped, offering ample storage and workspace. The property boasts two well-proportioned bedrooms, perfect for flexible living, with room for a guest bedroom or home office. Completing the apartment is a sleek and contemporary bathroom. With communal parking for residents and a long lease of around 160 years, this home provides peace of mind for years to come. Conveniently located close to local amenities, schools, and excellent transport links, this apartment offers a blend of comfort and convenience. Don’t miss your chance to own this fantastic home in a prime location!

Agent Details

haart, Basildon

01268 202741

Next Steps?

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