2 Bed Flat, Single Let, Canvey Island, SS8 7TT, £185,000

Point Road, Canvey Island, SS8 7TT - 6 months ago

Sold STC

Leasehold

BTL

ROI: 2%

~68 m²

+8 photos

ValuationUndervalued

Sold Prices	£155K - £590K
Sold Prices/m²	£2.5K/m² - £6.4K/m²

Square Metres	~68.11 m²
Price/m²	£2.7K/m²
Value Estimate	£222,000£222,000
BMV	20%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£46,250£46,250
Stamp Duty & Legal Fees	£6,750£6,750
Total Cash In	£53,000£53,000

Cash Out
Rent Range	£850 - £4,000£850 - £4,000
Rent Estimate	£850
Running Costs/mo	£768£768
Cashflow/mo	£82£82
Cashflow/yr	£983£983
ROI	2%2%
Gross Yield	6%6%

Local Sold Prices

51 sold prices from £155K to £590K, average is £230K. £2.5K/m² to £6.4K/m², average is £3.7K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£201K	06/21	0.98 mi	Flat 2, Crescent House, Mornington Crescent, Canvey Island, Essex SS8 8AS	-	-	2	Flat
£180K	06/21	1.02 mi	8, Goirle Avenue, Canvey Island, Essex SS8 8BJ	£3,273	55	2	Flat
£200K	03/21	1.26 mi	Flat 6, St James Court, Western Esplanade, Canvey Island, Essex SS8 0AY	-	-	2	Flat
£207.5K	11/20	1.27 mi	Flat 4, Cherry Court, Western Esplanade, Canvey Island, Essex SS8 0AY	-	-	2	Flat
£180K	01/21	1.27 mi	Flat 9, Cherry Court, Western Esplanade, Canvey Island, Essex SS8 0AY	£2,985	60	2	Flat
£235K	01/23	1.27 mi	4, Merlin Court, Canvey Island, Essex SS8 9ES	-	-	2	Flat
£162K	02/21	1.53 mi	106a, Hilton Road, Canvey Island, Essex SS8 9XG	£3,584	45	2	Flat
£213K	07/23	1.77 mi	Flat 8, Badgers Rise, Sanders Road, Canvey Island, Essex SS8 9UN	£3,179	67	2	Flat
£195K	05/24	1.81 mi	9, Ashworths, Canvey Island, Essex SS8 9RR	£3,176	61	2	Flat
£368K	02/21	2.03 mi	170a, Western Road, Leigh-on-sea, Southend-on-sea SS9 2PL	£4,044	91	2	Flat
£425K	09/21	2.06 mi	34a, Marine Parade, Leigh-on-sea, Southend-on-sea SS9 2NB	£5,822	73	2	Flat
£192K	05/22	2.09 mi	7, Church Parade, Canvey Island, Essex SS8 9RQ	£3,192	60	2	Flat
£170K	04/23	2.09 mi	31, Church Parade, Canvey Island, Essex SS8 9RQ	£2,742	62	2	Flat
£270K	10/20	2.1 mi	30, Laurel Close, Leigh-on-sea, Southend-on-sea SS9 2EE	£4,091	66	2	Flat
£180K	09/21	2.12 mi	33, Church Parade, Canvey Island, Essex SS8 9RQ	£3,849	47	2	Flat
£195K	11/20	2.14 mi	1480a, London Road, Leigh-on-sea, Southend-on-sea SS9 2UR	£2,708	72	2	Flat
£275K	12/20	2.14 mi	1486a, London Road, Leigh-on-sea, Southend-on-sea SS9 2UR	£3,667	75	2	Flat
£275K	05/21	2.14 mi	1486c, London Road, Leigh-on-sea, Southend-on-sea SS9 2UR	£3,716	74	2	Flat
£220K	09/21	2.14 mi	1480c, London Road, Leigh-on-sea, Southend-on-sea SS9 2UR	£2,472	89	2	Flat
£590K	04/21	2.14 mi	7, Leigh Hill, Leigh-on-sea, Southend-on-sea SS9 2DR	£4,720	125	2	Flat
£590K	04/21	2.14 mi	7, Leigh Hill, Leigh-on-sea, Southend-on-sea SS9 2DR	£4,720	125	2	Flat
£155K	09/23	2.18 mi	399a, Long Road, Canvey Island, Essex SS8 0JH	-	-	2	Flat
£364K	01/21	2.19 mi	88, Grange Road, Leigh-on-sea, Southend-on-sea SS9 2HT	£6,386	57	2	Flat
£230K	05/21	2.19 mi	98, Herschell Road, Leigh-on-sea, Southend-on-sea SS9 2PU	£3,710	62	2	Flat
£186.5K	01/21	2.2 mi	623a, London Road, Hadleigh, Benfleet, Essex SS7 2EB	£3,008	62	2	Flat
£170K	01/23	2.2 mi	585, London Road, Hadleigh, Benfleet, Essex SS7 2EB	£2,698	63	2	Flat
£207.5K	02/21	2.21 mi	Flat 77, St Clements Court East, Broadway West, Leigh-on-sea, Southend-on-sea SS9 2BS	-	-	2	Flat
£268K	02/21	2.21 mi	Flat 91, St Clements Court East, Broadway West, Leigh-on-sea, Southend-on-sea SS9 2BS	-	-	2	Flat
£255K	03/23	2.21 mi	Flat 89, St Clements Court East, Broadway West, Leigh-on-sea, Southend-on-sea SS9 2BS	-	-	2	Flat
£215K	09/23	2.21 mi	Flat 85, St Clements Court East, Broadway West, Leigh-on-sea, Southend-on-sea SS9 2BS	-	-	2	Flat
£257.5K	08/23	2.21 mi	623, London Road, Hadleigh, Benfleet, Essex SS7 2EB	£4,364	59	2	Flat
£225K	01/21	2.21 mi	53, Castle Lane, Benfleet, Essex SS7 2AL	£4,787	47	2	Flat
£280K	12/22	2.22 mi	Flat 86, St Clements Court East, Broadway West, Leigh-on-sea, Southend-on-sea SS9 2BS	-	-	2	Flat
£240K	06/21	2.23 mi	Flat 4, Everglades, London Road, Hadleigh, Benfleet, Essex SS7 2ED	-	-	2	Flat
£220K	02/21	2.24 mi	1593a, London Road, Leigh-on-sea, Southend-on-sea SS9 2SG	£3,548	62	2	Flat
£199.9K	06/21	2.26 mi	Apartment 20, Aragon Court, Church Road, Hadleigh, Benfleet, Essex SS7 2GB	-	-	2	Flat
£237.5K	01/23	2.29 mi	Flat 69, Wilkinson Drop, Oak Road South, Benfleet, Essex SS7 2BG	-	-	2	Flat
£301K	06/23	2.29 mi	24, Southsea Avenue, Leigh-on-sea, Southend-on-sea SS9 2AX	-	-	2	Flat
£265K	07/23	2.29 mi	46, Southsea Avenue, Leigh-on-sea, Southend-on-sea SS9 2AX	£5,096	52	2	Flat
£265K	07/23	2.29 mi	46, Southsea Avenue, Leigh-on-sea, Southend-on-sea SS9 2AX	£5,096	52	2	Flat
£305K	03/21	2.3 mi	106a, Glendale Gardens, Leigh-on-sea, Southend-on-sea SS9 2AY	£4,766	64	2	Flat
£340K	11/20	2.3 mi	115, Salisbury Road, Leigh-on-sea, Southend-on-sea SS9 2JN	£4,789	71	2	Flat
£190K	03/21	2.31 mi	Flat 3, Castle Court, Castle Lane, Benfleet, Essex SS7 2AE	-	-	2	Flat
£205K	04/21	2.31 mi	Flat 53, Wilkinson Drop, Oak Road South, Benfleet, Essex SS7 2BG	-	-	2	Flat
£230K	07/23	2.31 mi	Flat 43, Wilkinson Drop, Oak Road South, Benfleet, Essex SS7 2BG	-	-	2	Flat
£222K	10/23	2.31 mi	Flat 48, Wilkinson Drop, Oak Road South, Benfleet, Essex SS7 2BG	£3,828	58	2	Flat
£238K	10/23	2.31 mi	Wilkinson Drop, Flat 27, Oak Road South, Benfleet, Essex SS7 2BG	£3,132	76	2	Flat
£240K	11/22	2.31 mi	Flat 55, Wilkinson Drop, Oak Road South, Benfleet, Essex SS7 2BG	-	-	2	Flat
£185K	01/21	2.32 mi	Flat 1, Everglades, London Road, Hadleigh, Benfleet, Essex SS7 2ED	-	-	2	Flat
£238.5K	05/21	2.32 mi	Flat 3, Steeple Gate, Castle Lane, Benfleet, Essex SS7 2AF	-	-	2	Flat
£237.5K	10/23	2.32 mi	Flat 4, Steeple Gate, Castle Lane, Benfleet, Essex SS7 2AF	-	-	2	Flat

Local Rents

50 rents from £850/mo to £4K/mo, average is £1.5K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,100	09/24	0.2 mi	16 Beck	2	Flat
£1,500	09/24	0.21 mi	-	3	Terraced House
£1,600	09/24	0.23 mi	South Parade, Canvey Island	3	Detached House
£1,500	09/24	0.41 mi	-	3	Detached House
£1,600	01/25	0.41 mi	-	3	Detached House
£1,200	09/24	0.52 mi	San Remo Road, Canvey Island, Essex	3	Flat
£1,200	09/24	0.64 mi	Normans Road, Canvey Island	2	Flat
£1,150	09/24	0.74 mi	Beach Heights Apartments	2	Flat
£1,350	02/24	0.78 mi	-	3	Flat
£1,000	03/25	0.81 mi	-	1	Flat
£850	09/24	0.82 mi	Newlands Road, Canvey Island, Essex	1	Flat
£1,280	09/24	0.84 mi	-	2	Flat
£975	10/23	0.84 mi	-	1	Flat
£1,050	04/25	0.84 mi	-	1	Flat
£4,000	03/25	0.86 mi	-	4	Detached House
£850	09/24	0.88 mi	33 Venables Court	1	Flat
£2,050	09/24	0.91 mi	-	4	Detached House
£1,650	03/25	0.97 mi	-	3	Bungalow
£1,450	12/24	1.18 mi	-	2	Bungalow
£1,500	09/24	1.27 mi	Thames Court, Western Esplanade, Canvey Island, Essex	1	Flat
£1,900	04/25	1.27 mi	-	3	Detached House
£2,650	01/25	1.46 mi	-	5	Terraced House
£1,200	03/25	1.48 mi	-	2	Bungalow
£1,300	09/24	1.51 mi	Stanford Road, Canvey Island	3	Flat
£1,700	01/25	1.59 mi	-	3	Semi-Detached House
£2,375	04/25	1.6 mi	-	4	Detached House
£2,400	03/25	1.61 mi	-	4	Detached House
£1,400	01/25	1.63 mi	-	3	Terraced House
£2,750	04/25	1.63 mi	-	4	Detached House
£2,800	04/25	1.64 mi	-	4	Detached House
£2,900	04/25	1.66 mi	-	5	Detached House
£2,350	03/25	1.68 mi	-	4	Detached House
£1,250	04/25	1.71 mi	-	2	Bungalow
£3,400	04/25	1.73 mi	-	5	Detached House
£1,775	02/25	1.74 mi	-	3	Semi-Detached House
£3,000	04/25	1.83 mi	-	4	Detached House
£1,075	01/25	1.87 mi	-	2	Flat
£1,525	12/24	1.9 mi	-	4	Semi-Detached House
£3,400	04/25	1.92 mi	-	6	Detached House
£950	09/24	1.94 mi	Cherry Court,Canvey Island,Essex	1	Flat
£2,000	09/24	1.95 mi	Hawkesbury Road, Canvey Island	3	Flat
£850	01/25	1.96 mi	-	1	Flat
£1,395	09/24	2 mi	-	3	Terraced House
£1,350	09/24	2.01 mi	Central Avenue, Canvey Island	2	Flat
£3,100	02/25	2.02 mi	-	4	Detached House
£1,395	09/24	2.03 mi	Marine Parade, Leigh-On-Sea	1	Flat
£1,500	03/25	2.04 mi	-	4	Terraced House
£1,825	09/24	2.07 mi	Western Road, Leigh On Sea	3	Detached House
£1,550	04/25	2.08 mi	-	3	Semi-Detached House
£2,400	09/24	2.08 mi	Theobalds Road, Leigh-on-Sea	4	Detached House

Local Area Statistics

Population in SS8	38,13438,134
Population in Canvey Island	38,13838,138
Town centre distance	1.33 miles away1.33 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	1.84 miles away1.84 miles away

Rental growth (12m)	+72%+72%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+21%+21%

Property History

Listed for £185,000

October 19, 2024

Sold for £183,500

2017

Sold for £120,000

2008

Floor Plans

Description

No Onward Chain. +
A Spacious Upper Floor Apartment. +
Two Double Bedrooms. +
Good Size Kitchen / Diner. +
Low Maintenance Shared Garden. +
Own Garage and Parking. +
Leigh Beck Catchment Area. +
Call Morgan Brookes Today. +

Morgan Brookes believe – Look no further than this outstanding first floor apartment, offering a comfortable and modern living space, perfect for a first time buyer or investor. The property offers a no onward chain sale and has been completely redecorated with new carpets throughout, boasting a large living room, a contemporary kitchen/diner, two double bedrooms and a three-piece bathroom! Our Sellers love – That the property is positioned in a popular location in catchment to Leigh Beck, within close proximity to local amenities and transport links, with access to a low maintenance shared garden, leading to the garage and parking spaces.

Agent Details

Morgan Brookes, Benfleet

01268 203704

Next Steps?

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

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ValuationUndervalued

CashflowsOpen in Analyser

Local Sold PricesDownload Show map

Local RentsDownload Show map

Links

Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

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Cashflows

Local Sold Prices

Local Rents