2 Bed Terraced House, Refurb/BRRR, Southend-on-Sea, SS1 2QQ, £260,000

Dalmatia Road, Southend-on-Sea, SS1 2QQ - 5 views - 6 months ago

Sold STC
Refurb/BRRR
ROI: 2%
~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£3.8K/m²

Value Estimate

£225,250

 

 

End Value (After Refurb)

£254,616

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£65,000

Stamp Duty & Legal Fees

£9,500

Refurb Costs

£33,103

Bridging Loan Interest

£6,825

Total Cash In

£116,178

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£254,616

Mortgage (After Refinance)

£190,962

Mortgage LTV

75%

Cash Left In

£116,178

Equity

£63,654

Rent Range

£925 - £2,070

Rent Estimate

£1,278

Running Costs/mo

£1,071

Cashflow/mo

£207

Cashflow/yr

£2,481

ROI

2%

Gross Yield

6%

Local Sold Prices

51 sold prices from £200K to £545K, average is £281K. £2.4K/m² to £6.7K/m², average is £4.1K/m².

PriceDateDistanceAddressBeds 
£240K01/210 mi88, Dalmatia Road, Southend-on-sea SS1 2QQ2
£250K02/210 mi24, Dalmatia Road, Southend-on-sea SS1 2QQ2
£255K04/230.02 mi17, Dalmatia Road, Southend-on-sea SS1 2QG2
£280K05/210.03 mi34, Chinchilla Road, Southend-on-sea SS1 2QL2
£298K11/220.03 mi24, Dalmatia Road, Southend-on-sea SS1 2QQ2
£245K02/210.06 mi50, Brighton Avenue, Southend-on-sea SS1 2QN2
£245K02/210.07 mi50, Brighton Avenue, Southend-on-sea SS1 2QN2
£261K12/210.07 mi7, Brighton Avenue, Southend-on-sea SS1 2QN2
£200K12/210.07 mi26, Brighton Avenue, Southend-on-sea SS1 2QN2
£295K12/220.07 mi6, Brighton Avenue, Southend-on-sea SS1 2QN2
£262K07/230.09 mi8, Fernbrook Avenue, Southend-on-sea SS1 2QW2
£212K12/230.09 mi34, Fernbrook Avenue, Southend-on-sea SS1 2QW2
£282K11/220.1 mi23, Oakleigh Avenue, Southend-on-sea SS1 2QR2
£245.1K05/210.1 mi10, Oakleigh Avenue, Southend-on-sea SS1 2QR2
£224.5K07/210.1 mi31, Oakleigh Avenue, Southend-on-sea SS1 2QR2
£275K03/230.1 mi33, Oakleigh Avenue, Southend-on-sea SS1 2QR2
£266K08/230.1 mi37, Oakleigh Avenue, Southend-on-sea SS1 2QR2
£255K11/210.1 mi35, Oakleigh Avenue, Southend-on-sea SS1 2QR2
£420K04/210.2 mi14, Pilgrims Close, Southend-on-sea SS2 4XF2
£269K12/200.2 mi100, Moseley Street, Southend-on-sea SS2 4NN2
£220K06/210.2 mi96, Moseley Street, Southend-on-sea SS2 4NN2
£295K02/230.21 mi73, Beaufort Street, Southend-on-sea SS2 4NQ2
£281K11/200.21 mi26, Beaufort Street, Southend-on-sea SS2 4NH2
£435K08/220.22 mi174, Lifstan Way, Southend-on-sea SS1 2XF2
£505K11/220.22 mi144, Lifstan Way, Southend-on-sea SS1 2XF2
£318K11/210.23 mi48, Beaufort Street, Southend-on-sea SS2 4NH2
£395K05/210.32 mi67, Castleton Road, Southend-on-sea SS2 4UF2
£276K01/210.32 mi146, Trinity Road, Southend-on-sea SS2 4HW2
£395K05/210.33 mi67, Castleton Road, Southend-on-sea SS2 4UF2
£491K01/210.36 mi21, Brettenham Drive, Southend-on-sea SS1 3DQ2
£412.5K12/200.37 mi460, Woodgrange Drive, Southend-on-sea SS1 3ED2
£505K09/210.37 mi458, Woodgrange Drive, Southend-on-sea SS1 3ED2
£430K06/210.37 mi462, Woodgrange Drive, Southend-on-sea SS1 3ED2
£390K11/210.38 mi361, South Avenue, Southend-on-sea SS2 4HR2
£545K04/240.39 mi9, Steyning Avenue, Southend-on-sea SS2 4TW2
£297.3K08/210.39 mi79, Trinity Road, Southend-on-sea SS2 4HN2
£412.5K12/200.39 mi460, Woodgrange Drive, Southend-on-sea SS1 3ED2
£367.5K04/210.4 mi42, Poynings Avenue, Southend-on-sea SS2 4RU2
£335K06/210.42 mi319, South Avenue, Southend-on-sea SS2 4HS2
£325K08/210.43 mi26, Trinity Road, Southend-on-sea SS2 4HJ2
£290K01/230.43 mi349, Central Avenue, Southend-on-sea SS2 4EF2
£280K06/210.45 mi46, Trinity Road, Southend-on-sea SS2 4HJ2
£270K12/220.45 mi24, Oban Road, Southend-on-sea SS2 4JL2
£235K01/210.45 mi33, Stornoway Road, Southend-on-sea SS2 4NZ2
£265K08/230.45 mi77, Stornoway Road, Southend-on-sea SS2 4NZ2
£265K08/230.45 mi77, Stornoway Road, Southend-on-sea SS2 4NZ2
£252.5K02/210.46 mi61, Stromness Road, Southend-on-sea SS2 4JG2
£260K09/210.47 mi326, North Avenue, Southend-on-sea SS2 4EQ2
£365K12/200.47 mi12, Rodbridge Drive, Southend-on-sea SS1 3DF2
£365K12/200.47 mi12, Rodbridge Drive, Southend-on-sea SS1 3DF2
£365K12/200.47 mi12, Rodbridge Drive, Southend-on-sea SS1 3DF2

Local Rents

29 rents from £925/mo to £2.1K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,30002/240 miDalmatia Road, Southend-On-Sea, Essex, SS12
£1,29508/240.11 mi-2
£1,00009/240.14 miThe Courtyard, Southchurch Road2
£1,10009/240.15 miSouthchurch Road, Southend-On-Sea2
£1,30009/240.16 mi-2
£1,18509/240.18 miSouthchurch Road, Southend-on-Sea, Essex, SS1 2PW2
£1,30003/250.27 mi-2
£1,39509/240.37 miWoodgrange Drive, Southend-On-Sea2
£1,40007/240.37 mi-2
£95009/240.41 miHamstel Road, Southend-On-Sea2
£2,07009/240.42 mi-2
£2,07009/240.42 miNorthumberland Crescent, Southend-On-Sea, SS12
£97509/240.42 miStromness Road, Southend-On-Sea, Essex, SS22
£1,25007/240.43 mi-2
£1,40009/240.44 miChase Court Gardens, Southend-on-Sea2
£1,35010/230.47 mi-2
£92509/240.48 miNorthumberland Crescent, Southend On Sea2
£1,45002/250.49 mi-2
£1,40012/240.49 mi-2
£1,30009/240.54 mi-2
£1,14504/250.54 mi-2
£1,25009/240.56 miManilla Road, Southend-on-Sea2
£1,10009/240.56 mi2 bedroom 1st Floor Flat in Southend on Sea2
£1,30007/240.58 mi-2
£1,20009/240.6 miHoniton Road, Southend-On-Sea2
£1,10009/240.61 miClose To Seafront, Southend On Sea2
£97512/230.61 mi-2
£1,20003/250.61 mi-2
£1,19503/250.62 mi-2

Local Area Statistics

Population in SS1

26,369

Population in Southend-on-Sea

106,129

Town centre distance

0.99 miles away

Nearest school

0.30 miles away

Nearest train station

0.30 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+40%

Sales demand

Buyer's market

Capital growth (5yrs)

+21%

Property History

Listed for £260,000

November 8, 2024

Floor Plans

Description

  • MID TERRACED HOUSE +
  • TWO BEDROOMS +
  • GARDEN +
  • NO ONWARD CHAIN +
  • IN NEED OF MODERNISATION +
  • GAS CENTRAL HEATING +
  • POPULAR SOUTHCHURCH LOCATION +

Hair & Son are excited to offer to market this mid terraced home in the Dalmatia Road in the popular area of Southchurch Village, which is nearby to local shops, eateries, schools and Southend East train station which provides direct links to London.

The property comprises of two double bedrooms, two reception rooms of which includes a bay fronted living room, a kitchen/dining area, a lean-to with separate w/c, and a family bathroom featuring a bathtub, low level w/c, and a wash hand basin.

Externally you have a well maintained rear garden perfect for entertaining family and friends.

The property would be an ideal purchase for a first time buyer looking to get on to the property ladder, or equally a great investment purchase.

Offered to the market with vacant possession, therefore no onward chain. 

HALLWAY 10' 5" x 4' 9" (3.18m x 1.45m)  

LOUNGE 14' 4" x 9' 2" (4.37m x 2.79m)  

KITCHEN/DINING ROOM 14' 6" x 12' 1" (4.42m x 3.68m)  

LEAN TO 5' 5" x 5' 0" (1.65m x 1.52m)  

WC  

LANDING  

BEDROOM ONE 13' 4" x 11' 6" (4.06m x 3.51m)  

BEDROOM TWO 12' 4" x 8' 2" (3.76m x 2.49m)  

BATHROOM 9' 0" x 6' 0" (2.74m x 1.83m)  

GARDEN  

 

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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