dealsourcr

2 Bed Flat, Cash/Bridging Only, Leigh-on-Sea, SS9 5YB, £100,000

Mansell Close, Leigh-On-Sea, SS9 5YB - 3 views - 5 months ago

Sold STC
Leasehold
Cash
ROI: 4%
~68 m²
+5 photos

ValuationUndervalued

Sold Prices£155K - £375K
Sold Prices/m²£2.5K/m² - £5.3K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.5K/m²

Value Estimate

£103,000
BMV3%

 

 

End Value (After Refurb)

£243,859

Uplift in Value

+144%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£25,000

Stamp Duty & Legal Fees

£6,200

Refurb Costs

£33,161

Bridging Loan Interest

£2,625

Total Cash In

£68,736

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£243,859

Agent Fees (1%)

£2,439

Bridging Loan

£75,000

Bridging Loan Interest

£2,625

Flip Profit

£97,684

Local Sold Prices

51 sold prices from £155K to £375K, average is £263K. £2.5K/m² to £5.3K/m², average is £4.3K/m².

PriceDateDistanceAddressBeds 
£375K10/210.21 mi29, Park Avenue, Leigh-on-sea, Southend-on-sea SS9 5XB2
£172K11/210.24 miFlat 7, Oakwood Court, Arterial Road, Leigh-on-sea, Southend-on-sea SS9 4DG2
£213K09/210.54 mi32, Wood Farm Close, Leigh-on-sea, Southend-on-sea SS9 4PE2
£240K05/230.54 mi42, Wood Farm Close, Leigh-on-sea, Southend-on-sea SS9 4PE2
£211K09/210.73 mi36, Cheddar Avenue, Westcliff-on-sea, Southend-on-sea SS0 0HJ2
£211K09/210.74 mi36, Cheddar Avenue, Westcliff-on-sea, Southend-on-sea SS0 0HJ2
£287.5K12/230.92 mi97a, Tankerville Drive, Leigh-on-sea, Southend-on-sea SS9 3DB2
£155K08/210.97 miFlat 41, The Rowans, Wayletts, Leigh-on-sea, Southend-on-sea SS9 4ED2
£155K08/210.97 miFlat 41, The Rowans, Wayletts, Leigh-on-sea, Southend-on-sea SS9 4ED2
£191.5K03/230.97 miFlat 11, The Rowans, Wayletts, Leigh-on-sea, Southend-on-sea SS9 4ED2
£185K01/230.97 miFlat 60, The Rowans, Wayletts, Leigh-on-sea, Southend-on-sea SS9 4ED2
£190K04/230.97 miFlat 20, The Rowans, Wayletts, Leigh-on-sea, Southend-on-sea SS9 4ED2
£226K04/211.04 mi19, Norfolk Avenue, Leigh-on-sea, Southend-on-sea SS9 3HA2
£260K04/211.12 mi1, Norfolk Avenue, Leigh-on-sea, Southend-on-sea SS9 3HA2
£270K09/211.17 mi62, Olivia Drive, Leigh-on-sea, Southend-on-sea SS9 3EG2
£270K09/211.17 mi62, Olivia Drive, Leigh-on-sea, Southend-on-sea SS9 3EG2
£275K05/211.28 mi1099, London Road, Leigh-on-sea, Southend-on-sea SS9 3JJ2
£237K10/231.31 mi67, Northville Drive, Westcliff-on-sea, Southend-on-sea SS0 0QA2
£242K04/211.31 mi325a, Westbourne Grove, Westcliff-on-sea, Southend-on-sea SS0 0PU2
£292.5K09/231.33 mi256a, Elm Road, Leigh-on-sea, Southend-on-sea SS9 1SA2
£235K01/211.34 mi12a, Station Road, Leigh-on-sea, Southend-on-sea SS9 1SU2
£235K01/211.34 mi12a, Station Road, Leigh-on-sea, Southend-on-sea SS9 1SU2
£270K02/211.34 mi1, Cranleigh Drive, Leigh-on-sea, Southend-on-sea SS9 1SX2
£330K01/231.34 mi130a, Oakleigh Park Drive, Leigh-on-sea, Southend-on-sea SS9 1RU2
£240K05/211.35 mi1533, London Road, Leigh-on-sea, Southend-on-sea SS9 2SF2
£270K06/211.37 mi123a, Southsea Avenue, Leigh-on-sea, Southend-on-sea SS9 2BH2
£325K08/231.37 mi130, Oakleigh Park Drive, Leigh-on-sea, Southend-on-sea SS9 1RU2
£340K11/201.39 mi115, Salisbury Road, Leigh-on-sea, Southend-on-sea SS9 2JN2
£280K11/201.39 mi193a, Elm Road, Leigh-on-sea, Southend-on-sea SS9 1SB2
£260K07/211.4 mi1a, Cranleigh Drive, Leigh-on-sea, Southend-on-sea SS9 1SX2
£270K10/231.42 mi30, Cavendish Gardens, Westcliff-on-sea, Southend-on-sea SS0 9XS2
£220K02/211.44 mi1593a, London Road, Leigh-on-sea, Southend-on-sea SS9 2SG2
£306K10/201.44 mi71a, Leigham Court Drive, Leigh-on-sea, Southend-on-sea SS9 1PT2
£270K03/231.45 mi16a, Chalkwell Park Drive, Leigh-on-sea, Southend-on-sea SS9 1NJ2
£295K06/231.46 mi64a, Leigh Hall Road, Leigh-on-sea, Southend-on-sea SS9 1QZ2
£315K08/231.46 mi24, Torquay Drive, Leigh-on-sea, Southend-on-sea SS9 1SE2
£285K10/201.47 mi49a, Dawlish Drive, Leigh-on-sea, Southend-on-sea SS9 1QX2
£285K10/201.47 mi49a, Dawlish Drive, Leigh-on-sea, Southend-on-sea SS9 1QX2
£295K06/211.47 mi63a, Chalkwell Park Drive, Leigh-on-sea, Southend-on-sea SS9 1NH2
£308K02/211.47 mi88, Oakleigh Park Drive, Leigh-on-sea, Southend-on-sea SS9 1RS2
£285K01/231.47 mi78a, Oakleigh Park Drive, Leigh-on-sea, Southend-on-sea SS9 1RS2
£210K05/231.47 mi86b, Oakleigh Park Drive, Leigh-on-sea, Southend-on-sea SS9 1RS2
£263K03/211.48 mi103a, Oakleigh Park Drive, Leigh-on-sea, Southend-on-sea SS9 1RR2
£328K10/231.48 mi87a, Oakleigh Park Drive, Leigh-on-sea, Southend-on-sea SS9 1RR2
£240K06/211.48 mi56, Leighton Avenue, Leigh-on-sea, Southend-on-sea SS9 1QA2
£230K05/211.48 mi98, Herschell Road, Leigh-on-sea, Southend-on-sea SS9 2PU2
£295K12/221.48 mi35a, Torquay Drive, Leigh-on-sea, Southend-on-sea SS9 1SD2
£235K06/231.48 miFlat 18, Spencer House, Ensign Close, Leigh-on-sea, Southend-on-sea SS9 1FG2
£240K12/231.48 miFlat 14, Spencer House, Ensign Close, Leigh-on-sea, Southend-on-sea SS9 1FG2
£295K10/201.49 mi22, Victoria Drive, Leigh-on-sea, Southend-on-sea SS9 1SF2
£227.5K12/201.49 mi42, Victoria Drive, Leigh-on-sea, Southend-on-sea SS9 1SF2

Local Rents

25 rents from £1K/mo to £1.7K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,45009/240.27 miFairfield Road, Leigh-On-Sea, Essex, SS92
£1,70009/240.41 miEastwood Road North, Leigh-On-Sea (FULLY FURNISHED, SHORT TERM LET)2
£1,50009/240.41 mi-2
£1,45009/240.52 miSunnybank Close, Leigh On Sea2
£1,30002/240.61 mi-2
£1,65004/250.7 mi-2
£1,17501/240.74 mi-2
£1,40002/250.84 mi-2
£1,35003/250.84 mi-2
£1,10007/240.86 mi-2
£1,00009/240.88 miEastwood Old Road, Leigh-on-Sea, Essex2
£1,20009/240.89 miWoodside Court, Leigh-on-Sea2
£1,10009/240.89 miWoodside, Leigh-On-Sea2
£1,07503/240.91 mi-2
£1,12509/240.95 miWayletts, Leigh-on-Sea, SS92
£1,15011/240.97 mi-2
£1,37509/240.97 miSuffolk Avenue, Leigh on Sea2
£1,05009/240.97 miWayletts, Leigh-On-Sea2
£1,35012/240.98 mi-2
£1,45001/251.13 mi-2
£1,20009/241.15 miTankerville Drive, Leigh-on-Sea2
£1,25009/241.16 miLeigh on Sea2
£1,15009/241.17 miPavilion Drive, Leigh on sea2
£1,20009/241.2 miTankerville Drive, Leigh-on-Sea, SS92
£1,60002/251.21 mi-2

Links

Local Area Statistics

Population in SS9

49,984

Town centre distance

0.87 miles away

Nearest school

0.30 miles away

Nearest train station

1.86 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+14%

Sales demand

Balanced market

Capital growth (5yrs)

+24%

Property History

Price changed to £100,000

January 3, 2025

Listed for £110,000

November 12, 2024

Floor Plans

Description

  • Investment Opportunity +
  • Tenant In Situ +
  • 10th Floor Flat +
  • Two Bedrooms +
  • Spacious Accommodation +
  • Views Over Eastwood +
  • Cash Buyers Only +

This spacious flat is the perfect opportunity for investors. Cash Buyers Only. Set on the 10th floor with views over Eastwood Park and surrounding area. Offered with a tenant already in place. Close to shops, amenities, local schools and transport links of the A127. Give the team a call today to book a viewing.

Agent Details

haart, Rayleigh

01268 202750

Next Steps?

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

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