3 Bed Terraced House, Refurb/BRRR, Southend-on-Sea, SS2 5LS, £275,000

Bournemouth Park Road, Southend-on-Sea, SS2 5LS - 1 views - 6 months ago

Refurb/BRRR
ROI: 4%
~92 m²
+4 photos

ValuationFair Value

Sold Prices£200K - £432.5K
Sold Prices/m²£2.1K/m² - £4.6K/m²

 

 

Square Metres

~91.90 m²
Price/m²£3K/m²

Value Estimate

£277,750

 

 

End Value (After Refurb)

£304,090

Uplift in Value

+11%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£68,750

Stamp Duty & Legal Fees

£16,200

Refurb Costs

£44,256

Bridging Loan Interest

£7,219

Total Cash In

£138,175

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£304,090

Mortgage (After Refinance)

£228,067

Mortgage LTV

75%

Cash Released

£21,817

Cash Left In

£116,358

Equity

£76,022

Rent Range

£1,275 - £3,295

Rent Estimate

£1,722

Running Costs/mo

£1,315

Cashflow/mo

£407

Cashflow/yr

£4,888

ROI

4%

Gross Yield

8%

Local Sold Prices

50 sold prices from £200K to £432.5K, average is £306K. £2.1K/m² to £4.6K/m², average is £3.5K/m².

PriceDateDistanceAddressBeds 
£245K01/210 mi132, Bournemouth Park Road, Southend-on-sea SS2 5LS3
£350K10/220.03 mi104, Central Avenue, Southend-on-sea SS2 4DZ3
£287K10/200.07 mi159, Central Avenue, Southend-on-sea SS2 4DY3
£290K03/240.07 mi97, Central Avenue, Southend-on-sea SS2 4DY3
£290K05/210.07 mi100, Central Avenue, Southend-on-sea SS2 4DZ3
£255K10/230.07 mi160, Central Avenue, Southend-on-sea SS2 4DZ3
£313.5K06/210.08 mi140, Central Avenue, Southend-on-sea SS2 4DZ3
£342K12/220.08 mi141, South Avenue, Southend-on-sea SS2 4HX3
£200K11/200.1 mi86, Bournemouth Park Road, Southend-on-sea SS2 5LP3
£296.5K04/210.1 mi23, South Avenue, Southend-on-sea SS2 5JA3
£330K02/230.1 mi54, North Avenue, Southend-on-sea SS2 5HU3
£262.5K12/200.1 mi36, North Avenue, Southend-on-sea SS2 5HU3
£301K09/230.1 mi24, North Avenue, Southend-on-sea SS2 5HU3
£260K11/200.11 mi13, Central Avenue, Southend-on-sea SS2 5HR3
£226.5K03/210.11 mi69, North Avenue, Southend-on-sea SS2 5HT3
£290K12/230.11 mi59, North Avenue, Southend-on-sea SS2 5HT3
£339K11/230.11 mi69, North Avenue, Southend-on-sea SS2 5HT3
£320K03/210.11 mi120, South Avenue, Southend-on-sea SS2 4HU3
£361K08/230.11 mi164, South Avenue, Southend-on-sea SS2 4HU3
£305K06/210.11 mi12, Church View Close, Southend-on-sea SS2 4AR3
£307K12/200.11 mi8, Church View Close, Southend-on-sea SS2 4AR3
£300K12/200.11 mi10, Church View Close, Southend-on-sea SS2 4AR3
£250K03/230.12 mi28, South Avenue, Southend-on-sea SS2 5JB3
£350K04/210.13 mi51, Swanage Road, Southend-on-sea SS2 5HX3
£320K10/200.15 mi13, Branksome Road, Southend-on-sea SS2 4HG3
£200K11/210.16 mi18, Branksome Road, Southend-on-sea SS2 4HQ3
£236K08/210.16 mi20, Branksome Road, Southend-on-sea SS2 4HQ3
£365K01/230.16 mi14, Swanage Road, Southend-on-sea SS2 5HY3
£245K02/210.17 mi5, The Grove, Southend-on-sea SS2 4DD3
£302.5K02/210.18 mi10, St Lukes Road, Southend-on-sea SS2 4AB3
£370K10/230.19 mi52, Wimborne Road, Southend-on-sea SS2 5JF3
£325K12/200.19 mi52, Wimborne Road, Southend-on-sea SS2 5JF3
£260K11/200.19 mi49, St Lukes Road, Southend-on-sea SS2 4AA3
£354K12/220.2 mi174, North Avenue, Southend-on-sea SS2 4EU3
£333K10/210.21 mi4, Walsingham Road, Southend-on-sea SS2 4AN3
£405K10/230.21 mi6, Walsingham Road, Southend-on-sea SS2 4AN3
£287K12/200.21 mi210, Bournemouth Park Road, Southend-on-sea SS2 5LU3
£322K11/200.21 mi92, Wimborne Road, Southend-on-sea SS2 4JR3
£360K08/230.22 mi43, Christchurch Road, Southend-on-sea SS2 4JW3
£234K11/210.22 mi41, Boscombe Road, Southend-on-sea SS2 5JE3
£320K12/200.22 mi19, Ferndale Road, Southend-on-sea SS2 4DS3
£432.5K10/230.23 mi109, Boscombe Road, Southend-on-sea SS2 4JP3
£272.5K02/230.23 mi33, Shelley Square, Southend-on-sea SS2 5JP3
£322.5K03/210.24 mi32, Bournemouth Park Road, Southend-on-sea SS2 5LN3
£320K03/210.24 mi86, Christchurch Road, Southend-on-sea SS2 4JN3
£260K11/210.24 mi237, South Avenue, Southend-on-sea SS2 4HT3
£200K10/200.24 mi243, South Avenue, Southend-on-sea SS2 4HT3
£370K11/230.24 mi190, South Avenue, Southend-on-sea SS2 4HT3
£330K06/210.24 mi196, Central Avenue, Southend-on-sea SS2 4EB3
£400K09/230.25 mi181, Central Avenue, Southend-on-sea SS2 4EA3

Local Rents

25 rents from £1.3K/mo to £3.3K/mo, average is £1.7K/mo.

RentDateDistanceAddressBeds 
£1,70003/250.07 mi-3
£1,30009/240.1 miBournemouth Park Road, Southend on Sea3
£1,65010/240.1 mi-3
£1,65010/240.1 mi-3
£2,00012/240.19 mi-3
£1,60009/240.27 miTennyson Avenue, Southend on Sea, SS23
£1,70011/240.31 mi-3
£1,85009/240.35 miTrinity Road, Southend-On-Sea, Essex, SS23
£1,75009/240.36 miWestbury Road, Southend-On-Sea, Essex, SS23
£1,75001/250.4 mi-3
£1,75001/250.4 mi-3
£1,60009/240.41 miBellevue Road, Southend-On-Sea3
£2,20009/240.44 mi-3
£1,27509/240.44 miStornoway Road, Southend-On-Sea3
£1,85003/250.5 mi-3
£1,45009/240.52 miSurbiton Road, Southend-On-Sea, Essex, SS23
£1,57509/240.55 miWentworth Road, Southend-On-Sea, Essex, SS23
£1,80010/240.56 mi-3
£1,75012/240.58 mi-3
£3,29509/240.58 mi-3
£1,90011/230.58 mi-3
£1,50011/240.59 mi-3
£1,30010/240.61 mi-3
£1,35002/240.61 miHigh Street, Southend-On-Sea, Essex, SS13
£1,60009/240.62 miBeaufort Street, Southend-on-Sea, Essex3

Local Area Statistics

Population in SS2

36,418

Population in Southend-on-Sea

106,129

Town centre distance

0.35 miles away

Nearest school

0.10 miles away

Nearest train station

0.53 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+8%

Sales demand

Balanced market

Capital growth (5yrs)

+24%

Property History

Price changed to £275,000

February 20, 2025

Listed for £299,950

October 24, 2024

Floor Plans

Description

  • MID TERRACED HOUSE +
  • THREE BEDROOMS +
  • REAR GARDEN +
  • TWO RECEPTION ROOMS +
  • HUGE POTENTIAL +
  • SHORT DRIVE TO SOUTHEND CITY CENTRE +
  • IN NEED OF MODERNISATION +
  • NO ONWARD CHAIN +

Hair & Son are pleased to bring to market this three bedroom mid terraced house in this central Southend-on-Sea location which is within a 4 minute drive and a 15 minute walk to Southend Victoria train station.

The property is in need of modernisation but has huge potential throughout, offering a fantastic opportunity for a buyer to put their own stamp on and make it a perfect family home.

The internal accommodation comprises of two great sized reception rooms, including a bay fronted living room to the front and a further reception which could be used as a dining room. Lastly you have a fitted kitchen, a back door to access the garden can also be found here.

Upstairs you have two double bedrooms and a further single bedroom which is located to the front of the property. Additionally you have a good sized and well presented three piece family bathroom consisting of a shower, wash hand basin, a low level w/c and a heated towel rail.

The garden is a mixture of a hard standing patio area as well as grass laid to lawn, a garden shed is also featured.

The property is offered to the market with vacant possession, therefore there is no onward chain. 

PORCH 3' 4" x 2' 7" (1.02m x 0.79m)  

HALLWAY 23' 7" x 5' 3" (7.19m x 1.6m)  

LIVING ROOM 15' 7" x 11' 9" (4.75m x 3.58m)  

DINING ROOM 12' 2" x 9' 9" (3.71m x 2.97m)  

KITCHEN 12' 2" x 5' 2" (3.71m x 1.57m)  

BEDROOM ONE 15' 3" x 10' 0" (4.65m x 3.05m)  

BEDROOM TWO 12' 3" x 9' 9" (3.73m x 2.97m)  

BEDROOM THREE 9' 9" x 5' 3" (2.97m x 1.6m)  

BATHROOM 9' 3" x 9' 2" (2.82m x 2.79m)  

These particulars are accurate to the best of our knowledge but do not constitute an offer or contract. Photos are for representation only and do not imply the inclusion of fixtures and fittings. The floor plans are not to scale and only provide an indication of the layout.

Agent Details

Hair & Son, Southend-On-Sea

01702 967787

Next Steps?

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