2 Bed Terraced House, Refurb/BRRR, Southend-on-Sea, SS1 2QN, £235,000

Brighton Avenue, Southend-On-Sea, Essex, SS1 2QN - 3 views - 6 months ago

Sold STC
Refurb/BRRR
ROI: 3%
~68 m²
+10 photos

ValuationOvervalued

Sold Prices£200K - £545K
Sold Prices/m²£2.4K/m² - £6.7K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.5K/m²

Value Estimate

£223,975

 

 

End Value (After Refurb)

£244,501

Uplift in Value

+4%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£58,750

Stamp Duty & Legal Fees

£8,250

Refurb Costs

£33,103

Bridging Loan Interest

£6,169

Total Cash In

£108,022

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£244,501

Mortgage (After Refinance)

£183,376

Mortgage LTV

75%

Cash Released

£7,126

Cash Left In

£100,896

Equity

£61,125

Rent Range

£925 - £2,650

Rent Estimate

£1,366

Running Costs/mo

£1,057

Cashflow/mo

£309

Cashflow/yr

£3,705

ROI

3%

Gross Yield

7%

Local Sold Prices

51 sold prices from £200K to £545K, average is £276K. £2.4K/m² to £6.7K/m², average is £3.7K/m².

PriceDateDistanceAddressBeds 
£245K02/210 mi50, Brighton Avenue, Southend-on-sea SS1 2QN2
£261K12/210 mi7, Brighton Avenue, Southend-on-sea SS1 2QN2
£200K12/210 mi26, Brighton Avenue, Southend-on-sea SS1 2QN2
£295K12/220 mi6, Brighton Avenue, Southend-on-sea SS1 2QN2
£245.1K05/210.03 mi10, Oakleigh Avenue, Southend-on-sea SS1 2QR2
£224.5K07/210.03 mi31, Oakleigh Avenue, Southend-on-sea SS1 2QR2
£275K03/230.03 mi33, Oakleigh Avenue, Southend-on-sea SS1 2QR2
£266K08/230.03 mi37, Oakleigh Avenue, Southend-on-sea SS1 2QR2
£245K02/210.03 mi50, Brighton Avenue, Southend-on-sea SS1 2QN2
£282K11/220.04 mi23, Oakleigh Avenue, Southend-on-sea SS1 2QR2
£280K05/210.04 mi34, Chinchilla Road, Southend-on-sea SS1 2QL2
£255K11/210.05 mi35, Oakleigh Avenue, Southend-on-sea SS1 2QR2
£255K04/230.05 mi17, Dalmatia Road, Southend-on-sea SS1 2QG2
£262K07/230.06 mi8, Fernbrook Avenue, Southend-on-sea SS1 2QW2
£212K12/230.06 mi34, Fernbrook Avenue, Southend-on-sea SS1 2QW2
£240K01/210.07 mi88, Dalmatia Road, Southend-on-sea SS1 2QQ2
£250K02/210.07 mi24, Dalmatia Road, Southend-on-sea SS1 2QQ2
£298K11/220.1 mi24, Dalmatia Road, Southend-on-sea SS1 2QQ2
£269K12/200.16 mi100, Moseley Street, Southend-on-sea SS2 4NN2
£220K06/210.16 mi96, Moseley Street, Southend-on-sea SS2 4NN2
£295K02/230.18 mi73, Beaufort Street, Southend-on-sea SS2 4NQ2
£281K11/200.19 mi26, Beaufort Street, Southend-on-sea SS2 4NH2
£318K11/210.2 mi48, Beaufort Street, Southend-on-sea SS2 4NH2
£420K04/210.26 mi14, Pilgrims Close, Southend-on-sea SS2 4XF2
£435K08/220.27 mi174, Lifstan Way, Southend-on-sea SS1 2XF2
£505K11/220.28 mi144, Lifstan Way, Southend-on-sea SS1 2XF2
£276K01/210.28 mi146, Trinity Road, Southend-on-sea SS2 4HW2
£395K05/210.31 mi67, Castleton Road, Southend-on-sea SS2 4UF2
£395K05/210.32 mi67, Castleton Road, Southend-on-sea SS2 4UF2
£297.3K08/210.33 mi79, Trinity Road, Southend-on-sea SS2 4HN2
£390K11/210.35 mi361, South Avenue, Southend-on-sea SS2 4HR2
£545K10/200.35 mi411, Woodgrange Drive, Southend-on-sea SS1 3DY2
£325K08/210.36 mi26, Trinity Road, Southend-on-sea SS2 4HJ2
£335K06/210.36 mi319, South Avenue, Southend-on-sea SS2 4HS2
£270K12/220.38 mi24, Oban Road, Southend-on-sea SS2 4JL2
£235K01/210.39 mi33, Stornoway Road, Southend-on-sea SS2 4NZ2
£265K08/230.39 mi77, Stornoway Road, Southend-on-sea SS2 4NZ2
£265K08/230.39 mi77, Stornoway Road, Southend-on-sea SS2 4NZ2
£280K06/210.39 mi46, Trinity Road, Southend-on-sea SS2 4HJ2
£252.5K02/210.39 mi61, Stromness Road, Southend-on-sea SS2 4JG2
£290K01/230.4 mi349, Central Avenue, Southend-on-sea SS2 4EF2
£240K03/210.4 mi46, Oban Road, Southend-on-sea SS2 4JL2
£367.5K04/210.42 mi42, Poynings Avenue, Southend-on-sea SS2 4RU2
£545K04/240.42 mi9, Steyning Avenue, Southend-on-sea SS2 4TW2
£257.5K07/230.43 mi31, Fowler Close, Southend-on-sea SS1 2RD2
£285K07/210.43 mi28, Christchurch Road, Southend-on-sea SS2 4JS2
£320.5K11/210.43 mi37, Trinity Road, Southend-on-sea SS2 4HL2
£260K09/210.43 mi326, North Avenue, Southend-on-sea SS2 4EQ2
£491K01/210.43 mi21, Brettenham Drive, Southend-on-sea SS1 3DQ2
£238K02/210.44 mi324, North Avenue, Southend-on-sea SS2 4EQ2
£412.5K12/200.44 mi460, Woodgrange Drive, Southend-on-sea SS1 3ED2

Local Rents

43 rents from £925/mo to £2.6K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,29508/240.06 mi-2
£1,30002/240.07 miDalmatia Road, Southend-On-Sea, Essex, SS12
£1,00009/240.07 miThe Courtyard, Southchurch Road2
£1,10009/240.09 miSouthchurch Road, Southend-On-Sea2
£1,18509/240.11 miSouthchurch Road, Southend-on-Sea, Essex, SS1 2PW2
£1,30009/240.15 mi-2
£1,30003/250.25 mi-2
£1,39509/240.35 miWoodgrange Drive, Southend-On-Sea2
£97509/240.35 miStromness Road, Southend-On-Sea, Essex, SS22
£1,40007/240.35 mi-2
£1,25007/240.37 mi-2
£1,40009/240.38 miChase Court Gardens, Southend-on-Sea2
£95009/240.39 miHamstel Road, Southend-On-Sea2
£1,35010/230.4 mi-2
£1,45002/250.42 mi-2
£1,40012/240.42 mi-2
£2,07009/240.44 mi-2
£2,07009/240.44 miNorthumberland Crescent, Southend-On-Sea, SS12
£1,30009/240.47 mi-2
£92509/240.48 miNorthumberland Crescent, Southend On Sea2
£1,10009/240.5 mi2 bedroom 1st Floor Flat in Southend on Sea2
£1,14503/250.53 mi-2
£1,25009/240.54 miManilla Road, Southend-on-Sea2
£97512/230.54 mi-2
£1,20009/240.54 miHoniton Road, Southend-On-Sea2
£1,20003/250.54 mi-2
£1,20009/240.56 miSouthchurch Avenue, Southend-On-Sea2
£1,10009/240.56 miClose To Seafront, Southend On Sea2
£1,30007/240.56 mi-2
£1,19503/250.57 mi-2
£1,40009/240.58 mi-2
£1,45004/250.58 mi-2
£1,57503/250.58 mi-2
£2,65009/240.58 miSouthend On Sea, Southend-On-Sea, SS22
£2,65009/240.58 mi-2
£1,40009/240.58 miHighbanks, Southend on Sea2
£1,35009/240.59 mi-2
£1,60004/250.59 mi-2
£1,50009/240.6 miFreemans Court, 1 Honiton Road, Southend On Sea, Essex, SS12
£1,05002/250.61 mi-2
£99509/240.61 miRylands Road,2
£1,10002/240.61 mi-2
£1,20002/250.61 miSeafront, Southend On Sea2

Local Area Statistics

Population in SS1

26,369

Population in Southend-on-Sea

106,129

Town centre distance

0.93 miles away

Nearest school

0.40 miles away

Nearest train station

0.24 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+40%

Sales demand

Buyer's market

Capital growth (5yrs)

+21%

Property History

Listed for £235,000

October 22, 2024

Floor Plans

Description

    • No Onward Chain +
    • Two Double Bedrooms +
    • Lounge/Diner +
    • First Floor Bathroom +
    • uPVC Double Glazing +
    • In Need of Updating +
    • Kitchen +
    • Low Maintenance Rear Garden +
    • Keys Held For Viewings +
    • EPC TBC +

Floors/rooms

Ground Floor

Entrance Hall
uPVC double glazed door, carpeted stairs rising to first floor.

Lounge/Diner - 22' 3'' x 10' 1'' (6.8m x 3.09m)
uPVC double glazed window to front and rear, coved ceiling, understairs storage cupboard, carpet, door to;

Kitchen - 8' 10'' x 8' 9'' (2.7m x 2.69m)
uPVC double glazed window overlooking rear garden, with uPVC double glazed door to side, fitted with a range of matching units to wall and floor level with complementary rolled edge worksurface, stainless steel sink, wall mounted gas boiler for hot water, space for appliances, tiled walls, laminate flooring.

First Floor
Landing - Loft access, carpet.

Bedroom One - 12' 9'' x 10' 11'' (3.92m x 3.34m)
Two uPVC double glazed windows to front, carpet.

Bedroom Two - 10' 9'' x 7' 10'' (3.31m x 2.41m)
uPVC double glazed window to rear, carpet.

Bathroom - 9' 4'' x 8' 11'' (2.87m x 2.74m)
uPVC double glazed obscure window to rear, suite comprising of panelled bath with shower mixer tap, sink set in vanity unit, low level w/c, storage cupboards, part tiled walls, vinyl flooring.

Exterior
Rear Garden - 24' 8'' x 13' 3'' (7.53m x 4.06m)
Low maintenance rear garden, mainly laid to shingle, path to rear gate, shed to remain.

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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