2 Bed Flat, Single Let, Southend-on-Sea, SS2 6FP, £220,000

35A RICHMOND HOUSE, 61-71 VICTORIA AVENUE, SOUTHEND-ON-SEA, ESSEX, SS2 6FP - 4 views - 6 months ago

Leasehold
BTL
ROI: 3%
~68 m²
+7 photos

ValuationFair Value

Sold Prices£75K - £285K
Sold Prices/m²£2.1K/m² - £5.4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.2K/m²

Value Estimate

£219,370

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£55,000

Stamp Duty & Legal Fees

£7,800

Total Cash In

£62,800

 

 

Cash Out

 

Rent Range

£1,000 - £1,700

Rent Estimate

£1,094

Running Costs/mo

£926

Cashflow/mo

£168

Cashflow/yr

£2,012

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £75K to £285K, average is £206.5K. £2.1K/m² to £5.4K/m², average is £3.2K/m².

PriceDateDistanceAddressBeds 
£145K07/210.18 mi24, Tunbridge Road, Southend-on-sea SS2 6LT2
£220K12/230.18 mi24a, Tunbridge Road, Southend-on-sea SS2 6LT2
£265K12/230.18 mi57, Boston Avenue, Southend-on-sea SS2 6JH2
£235K03/230.18 mi49a, Boston Avenue, Southend-on-sea SS2 6JH2
£180K11/210.35 mi83b, Princes Street, Southend-on-sea SS1 1PT2
£75K04/210.35 miFlat 27, Martins Court, Stadium Road, Southend-on-sea SS2 5DH2
£190K12/200.35 mi19, Rayleigh Avenue, Westcliff-on-sea, Southend-on-sea SS0 7DS2
£165K10/230.36 mi7a, Rayleigh Avenue, Westcliff-on-sea, Southend-on-sea SS0 7DS2
£220K03/230.41 mi126, East Street, Southend-on-sea SS2 5EE2
£240K09/210.42 mi55, Shakespeare Drive, Westcliff-on-sea, Southend-on-sea SS0 9AA2
£150K06/210.43 mi7, Balmoral Road, Westcliff-on-sea, Southend-on-sea SS0 7DG2
£180K08/230.43 mi32b, Elmer Avenue, Southend-on-sea SS1 1NB2
£187.5K07/210.43 mi15, Napier Avenue, Southend-on-sea SS1 1LY2
£200K11/210.44 mi259, Hamlet Court Road, Westcliff-on-sea, Southend-on-sea SS0 7DD2
£235K10/230.44 mi10, Ashburnham Road, Southend-on-sea SS1 1QD2
£248K08/230.47 mi180, East Street, Southend-on-sea SS2 5EA2
£177K07/210.48 mi30a, Westborough Road, Westcliff-on-sea, Southend-on-sea SS0 9DP2
£135K11/230.49 mi1, Burdett Avenue, Westcliff-on-sea, Southend-on-sea SS0 7JN2
£166.5K11/200.49 miFlat 14, Napier Court West, Gordon Place, Southend-on-sea SS1 1NH2
£200K06/210.5 mi8, Claremont Road, Westcliff-on-sea, Southend-on-sea SS0 7DZ2
£185K02/210.5 mi30, Hamlet Road, Southend-on-sea SS1 1HJ2
£184.5K10/210.51 mi46, Burdett Avenue, Westcliff-on-sea, Southend-on-sea SS0 7JW2
£150K12/200.51 mi82, Burdett Avenue, Westcliff-on-sea, Southend-on-sea SS0 7JW2
£235K01/210.52 mi2a, Dryden Avenue, Southend-on-sea SS2 5EU2
£235K11/200.52 mi16, St Johns Road, Westcliff-on-sea, Southend-on-sea SS0 7JZ2
£210K09/210.53 mi41, Central Avenue, Southend-on-sea SS2 5HR2
£140.5K03/210.53 mi40, Sutton Road, Southend-on-sea SS2 5EW2
£220K02/230.53 mi485a, Sutton Road, Southend-on-sea SS2 5PL2
£210K08/230.53 mi473b, Sutton Road, Southend-on-sea SS2 5PL2
£218K11/210.54 mi96a, Ennismore Gardens, Southend-on-sea SS2 5RB2
£210K12/200.54 mi96, Ennismore Gardens, Southend-on-sea SS2 5RB2
£237.5K05/230.54 mi108a, Ennismore Gardens, Southend-on-sea SS2 5RB2
£225K06/210.54 mi2, Burdett Avenue, Westcliff-on-sea, Southend-on-sea SS0 7JW2
£200K09/210.55 mi70a, South Avenue, Southend-on-sea SS2 5JB2
£202.5K02/210.55 mi29, South Avenue, Southend-on-sea SS2 5JA2
£220K10/230.56 miGround Floor Flat, 28, Whitegate Road, Southend-on-sea SS1 2LQ2
£200K09/210.56 mi43a, Swanage Road, Southend-on-sea SS2 5HX2
£205K04/210.57 mi64, Westborough Road, Westcliff-on-sea, Southend-on-sea SS0 9DL2
£244K06/210.58 miGround Floor Flat, 86, St Helens Road, Westcliff-on-sea, Southend-on-sea SS0 7LE2
£220K01/210.58 mi92, St Helens Road, Westcliff-on-sea, Southend-on-sea SS0 7LE2
£200K11/210.59 mi12, Hermitage Road, Westcliff-on-sea, Southend-on-sea SS0 7NQ2
£285K03/210.6 mi23b, Cambridge Road, Southend-on-sea SS1 1ET2
£200K09/210.6 mi70a, South Avenue, Southend-on-sea SS2 5JB2
£245K05/230.61 mi11a, Shakespeare Avenue, Westcliff-on-sea, Southend-on-sea SS0 0ST2
£130K08/230.61 mi75a, Tyrrel Drive, Southend-on-sea SS1 2LN2
£193K12/230.61 mi6, Tyrrel Drive, Southend-on-sea SS1 2LN2
£210K10/200.61 mi8a, Tyrrel Drive, Southend-on-sea SS1 2LN2
£208K03/230.62 mi158, Glenwood Avenue, Westcliff-on-sea, Southend-on-sea SS0 9DT2
£250K09/210.64 mi50, Cossington Road, Westcliff-on-sea, Southend-on-sea SS0 7NG2
£240.5K04/210.65 mi68a, Valkyrie Road, Westcliff-on-sea, Southend-on-sea SS0 8AP2

Local Rents

38 rents from £1K/mo to £1.7K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,40009/240 mi-2
£1,55003/250 mi-2
£1,17502/250.01 miThe Pinnacle , 59 Victoria Avenue 2
£1,35011/240.02 mi-2
£1,50003/250.02 mi-2
£1,35002/250.02 mi-2
£1,35003/250.02 mi-2
£1,12509/240.02 miThe Pinnacle , Southend-On-Sea2
£1,40009/240.02 miVictoria Avenue, Southend-on-Sea2
£1,35003/240.02 miBeaumont Court2
£1,25003/240.02 miBeaumont Court, Southend-On-Sea2
£1,35009/240.02 miVictoria Avenue, SOUTHEND-ON-SEA2
£1,45009/240.02 miVictoria Avenue, SOUTHEND-ON-SEA2
£1,40009/240.02 mi2 bedroom 1st Floor Flat in Southend on Sea2
£1,45009/240.02 miVictoria Avenue, SOUTHEND-ON-SEA2
£1,35009/240.02 miBeaumont Court, Victoria Avenue2
£1,35009/240.02 miBeaumont Court, Victoria Avenue, Southend on Sea2
£1,45009/240.02 miVictoria Avenue, SOUTHEND-ON-SEA2
£1,40009/240.02 miVictoria Avenue, Southend-on-Sea2
£1,50010/240.02 mi-2
£1,65002/250.02 mi-2
£1,45011/230.03 mi-2
£1,27509/240.03 miBeaumont Court, - Victoria Avenue, Southend-On-Sea2
£1,32509/240.04 miThe Avenue, Southend-on-sea, Essex2
£1,32503/240.04 miThe Avenue, Southend-on-sea, Essex2
£1,25009/240.07 mi-2
£1,25008/240.07 mi-2
£1,25009/240.07 mi-2
£1,30011/240.07 mi-2
£1,00004/250.12 mi-2
£1,35009/240.12 miSweyne Avenue, Southend On Sea2
£1,28001/250.14 mi-2
£1,70009/240.16 mi-2
£1,40009/240.16 miVictoria Avenue, Southend on Sea, SS22
£1,50004/250.18 mi-2
£1,35002/250.18 mi-2
£1,45009/240.22 mi-2
£1,25010/240.25 mi-2

Local Area Statistics

Population in SS2

36,418

Population in Southend-on-Sea

106,129

Town centre distance

0.69 miles away

Nearest school

0.10 miles away

Nearest train station

0.26 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+8%

Sales demand

Balanced market

Capital growth (5yrs)

+24%

Property History

Listed for £220,000

October 24, 2024

Description

  • Ideal first purchase +
  • Spacious 2 Bedroom Apartment +
  • Secure Gated Allocated Parking Space +
  • Balcony +
  • Modern fitted bathroom with upgraded matt ceramic tiling +
  • Carpets and engineered wood flooring throughout +
  • 24/7 Concierge +
  • Close to local amenities +
  • 3 minute walk to Victoria Southend Station +

IDEAL FIRST PURCHASE MODERN and SPACIOUS two bedroom 5th floor apartment with BALCONY and ALLOCATED PARKING in a landmark development, Richmond House.

The apartment is fitted to a high specification with engineered wood flooring throughout the living spaces, carpets to the bedrooms and modern fitted kitchen and bathroom.

Full Market Value: £220,000
Service Charge: £243.56 pcm
Ground Rent: £20.83 pcm
Admin Fee: £13.50 pcm
Council Tax: Band C
Leasehold: 119 years remaining
EPC Rating: C
Pet free lease

Lift or stairs to communal Hallway leading into:

Entrance Hallway: - Solid composite front door with security feature, ceiling spotlights, video entry system, thermostat, smoke detector, radiator, Large 2 door storage cupboard. Engineered wood flooring.

Doors leading to:

Lounge/Dining Area: - 5.97m x 5.40m (19'7" x 17'8") - Full length double glazed window and door to balcony. Engineered wood flooring, ceiling spotlights, radiator, Virgin Cable and BT points. Open to Kitchen.

Balcony: - Full length double glazed door from lounge leading onto balcony area fitted with glass balustrade. Outside light.

Kitchen: - Stylish contemporary fully fitted kitchen with eye level, base and larder units including drawer pack with modern chrome handles and complementary light work surfaces. Integrated hob, oven and extractor hood, integrated fridge/freezer, washer/dryer and dishwasher. Stainless steel one and a half bowl sink and drainer with chrome mixer tap. Inset ceiling spotlights, smoke alarm, carbon monoxide alarm, engineered wooden flooring, extractor.

Bedroom 1: - 3.11m x 3.62m (10'2" x 11'10") - Full length double glazed window. Carpet, ceiling light, radiator, Virgin Cable point.

Bedroom 2: - 3.11m x 2.54m (10'2" x 8'3") - Full length double glazed window. Carpet, radiator, ceiling light.

Bathroom: - 2.32m x 2.00m (7'7" x 6'6") - White suite comprising of panelled bath with chrome mixer taps, wall mounted shower with glass screen, ceramic wall and floor tiles. White low level concealed push button WC and wall mounted white hand basin with chrome mixer taps, ceiling downlights, chrome heated towel rail, extractor fan, wall mirror, shaver point.

External: - Secure gated allocated parking space. Communal bin and secure internal bicycle storage.

Local Area: - Situated in buzzing Southend-on-Sea, only a few minutes' walk from Victoria Southend Station and 10 minutes walk from Southend Central Station. Centrally located for great transport links to London and surrounding areas, and within easy reach of the coast and its many attractions.

Agents Note: - The apparatus, equipment, fittings and services for this property have not been tested by First Step, all interested parties will need to satisfy themselves as to the condition of any such items or services. All measurements are approximate and therefore may be subject to a small margin of error.
These details are to be used as a guide only and their accuracy is therefore not guaranteed. These details are yet to be approved by the vendor.
EWS1 available

Agent Details

First Step, Stotfold

01462 416014

Next Steps?

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