2 Bed Flat, Single Let, Southend-on-Sea, SS2 5JB, £160,000

8C South Avenue, Southend-on-sea, Southend-on-sea, SS2 5JB - 4 views - 5 months ago

Leasehold
BTL
ROI: 7%
35 m²
+2 photos

ValuationOvervalued

Sold Prices£75K - £330K
Sold Prices/m²£1.6K/m² - £5.3K/m²

 

 

Square Metres

35 m²
Price/m²£4.6K/m²

Value Estimate

£111,885

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£40,000

Stamp Duty & Legal Fees

£6,000

Total Cash In

£46,000

 

 

Cash Out

 

Rent Range

£900 - £4,250

Rent Estimate

£975

Running Costs/mo

£715

Cashflow/mo

£260

Cashflow/yr

£3,120

ROI

7%

Gross Yield

7%

Local Sold Prices

51 sold prices from £75K to £330K, average is £200K. £1.6K/m² to £5.3K/m², average is £3.2K/m².

PriceDateDistanceAddressBeds 
£200K09/210.01 mi70a, South Avenue, Southend-on-sea SS2 5JB2
£202.5K02/210.01 mi29, South Avenue, Southend-on-sea SS2 5JA2
£200K09/210.04 mi43a, Swanage Road, Southend-on-sea SS2 5HX2
£200K09/210.05 mi70a, South Avenue, Southend-on-sea SS2 5JB2
£210K09/210.07 mi41, Central Avenue, Southend-on-sea SS2 5HR2
£140.5K03/210.15 mi40, Sutton Road, Southend-on-sea SS2 5EW2
£235K01/210.15 mi2a, Dryden Avenue, Southend-on-sea SS2 5EU2
£200K02/210.2 mi69a, Wimborne Road, Southend-on-sea SS2 4JR2
£200K03/210.23 mi78, Boscombe Road, Southend-on-sea SS2 4JP2
£180K05/210.23 mi101a, Boscombe Road, Southend-on-sea SS2 4JP2
£75K04/210.24 miFlat 27, Martins Court, Stadium Road, Southend-on-sea SS2 5DH2
£200K06/210.31 mi31a, Christchurch Road, Southend-on-sea SS2 4JS2
£177K03/210.31 mi11a, Oban Road, Southend-on-sea SS2 4JJ2
£177K03/210.31 mi11a, Oban Road, Southend-on-sea SS2 4JJ2
£210K10/200.32 mi8a, Tyrrel Drive, Southend-on-sea SS1 2LN2
£130K08/230.33 mi75a, Tyrrel Drive, Southend-on-sea SS1 2LN2
£193K12/230.33 mi6, Tyrrel Drive, Southend-on-sea SS1 2LN2
£210K12/230.34 mi9a, Lancaster Gardens, Southend-on-sea SS1 2NS2
£192.5K06/210.36 mi27a, Stromness Road, Southend-on-sea SS2 4JG2
£200K10/210.36 mi39, Stromness Road, Southend-on-sea SS2 4JG2
£270K11/210.4 mi4, Bellevue Mews, Southend-on-sea SS2 4PE2
£180K03/210.4 mi16a, Stromness Road, Southend-on-sea SS2 4JQ2
£148.5K06/210.41 mi11, Kilworth Avenue, Southend-on-sea SS1 2DS2
£160K07/210.43 mi2a, Trinity Road, Southend-on-sea SS2 4HJ2
£198K05/230.43 mi3a, Hastings Road, Southend-on-sea SS1 2DR2
£175K08/210.44 mi59, Ambleside Drive, Southend-on-sea SS1 2UT2
£198K04/210.44 mi40a, Westbury Road, Southend-on-sea SS2 4DP2
£197.5K12/230.44 mi49, Ambleside Drive, Southend-on-sea SS1 2UT2
£320K05/210.45 mi132, Southchurch Avenue, Southend-on-sea SS1 2RP2
£220K10/230.46 miGround Floor Flat, 28, Whitegate Road, Southend-on-sea SS1 2LQ2
£209K12/200.46 mi262, Central Avenue, Southend-on-sea SS2 4EE2
£245K01/230.47 mi12, Cromer Road, Southend-on-sea SS1 2DU2
£155K12/220.47 mi109, Southchurch Avenue, Southend-on-sea SS1 2RW2
£190K06/210.48 mi43a, Honiton Road, Southend-on-sea SS1 2RY2
£230K12/220.48 mi3, Hastings Road, Southend-on-sea SS1 2DR2
£189K03/210.49 mi55, Cheltenham Road, Southend-on-sea SS1 2SA2
£170K09/230.49 mi111c, York Road, Southend-on-sea SS1 2DL2
£220K12/220.5 mi18a, Ilfracombe Road, Southend-on-sea SS2 4PB2
£197K12/200.52 mi53, Leamington Road, Southend-on-sea SS1 2SW2
£130K06/210.53 mi120a, York Road, Southend-on-sea SS1 2DJ2
£217K06/230.55 mi56, Lovelace Gardens, Southend-on-sea SS2 4NU2
£248K08/230.56 mi180, East Street, Southend-on-sea SS2 5EA2
£180K08/230.56 mi32b, Elmer Avenue, Southend-on-sea SS1 1NB2
£330K09/210.56 mi111, Ambleside Drive, Southend-on-sea SS1 2UP2
£220K02/230.57 mi485a, Sutton Road, Southend-on-sea SS2 5PL2
£210K08/230.57 mi473b, Sutton Road, Southend-on-sea SS2 5PL2
£220K03/230.57 mi126, East Street, Southend-on-sea SS2 5EE2
£145K07/210.57 mi24, Tunbridge Road, Southend-on-sea SS2 6LT2
£220K12/230.57 mi24a, Tunbridge Road, Southend-on-sea SS2 6LT2
£210K12/200.58 mi107, Rylands Road, Southend-on-sea SS2 4LL2
£195K12/200.58 mi118, Trinity Road, Southend-on-sea SS2 4HW2

Local Rents

48 rents from £900/mo to £4.3K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£95009/240.07 miBournemouth Park Road, Southend-On-Sea, Essex, SS22
£1,10001/250.1 mi-2
£1,10004/250.11 mi-2
£1,20009/240.12 miNorth Avenue, Southend on - sea2
£3,75009/240.13 mi-2
£4,25002/240.13 mi-2
£1,35009/240.2 mi-2
£97512/230.2 mi-2
£1,30001/250.21 mi-2
£1,15003/240.22 miColeman Street, Southend-on-Sea2
£1,30003/250.22 mi-2
£1,25009/240.27 miSouthchurch Road, Southend-On-Sea, Essex, SS12
£1,00009/240.27 miMontague Buildings, Southchurch Road, Southend-on-Sea, Essex2
£1,25009/240.27 miSouthchurch Road, Southend-On-Sea, Essex, SS12
£1,25009/240.27 miSouthchurch Road, Southend-On-Sea, Essex, SS12
£1,30009/240.28 mi-2
£1,60009/240.29 mi-2
£1,20002/250.29 mi-2
£1,20002/250.29 mi-2
£1,30004/250.29 mi-2
£1,30004/250.29 mi-2
£1,30004/250.29 mi-2
£1,30004/250.29 mi-2
£1,60009/240.29 miSouthchurch Road, Southend-On-Sea, SS12
£1,40009/240.3 miHighbanks, Southend on Sea2
£1,40009/240.31 mi-2
£1,45004/250.31 mi-2
£1,20009/240.31 miSouthchurch Avenue, Southend-On-Sea2
£1,20003/250.32 mi-2
£1,30011/240.34 mi-2
£1,30012/240.34 mi-2
£1,10009/240.34 mi2 bedroom 1st Floor Flat in Southend on Sea2
£90009/240.34 miWarrior Square, Southend-on-sea2
£1,05009/240.36 mi-2
£1,45002/250.37 mi-2
£1,40012/240.37 mi-2
£1,29502/240.38 mi-2
£1,25008/240.38 mi-2
£1,25008/240.38 mi-2
£1,20009/240.38 mi16 Chichester Road, Southend On Sea, Essex, SS12
£97509/240.38 miStromness Road, Southend-On-Sea, Essex, SS22
£1,35010/230.39 mi-2
£1,15009/240.41 miChartwell Plaza, Southchurch Road, Southend On Sea2
£1,20004/250.43 mi-2
£1,20004/250.43 mi-2
£1,45009/240.45 mi-2
£1,29501/250.45 mi-2
£1,10010/230.45 mi-2

Local Area Statistics

Population in SS2

36,418

Population in Southend-on-Sea

106,129

Town centre distance

0.42 miles away

Nearest school

0.20 miles away

Nearest train station

0.42 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+8%

Sales demand

Balanced market

Capital growth (5yrs)

+24%

Property History

Listed for £160,000

November 21, 2024

Sold for £85,000

2015

Sold for £79,000

2005

Sold for £63,000

2002

Sold for £48,000

2002

Sold for £22,000

2001

Sold for £17,000

1996

Sold for £17,000

1996

Floor Plans

Description

  • Stunning two bedroom first floor apartment +
  • Sold with no onward chain +
  • New lease on completion +
  • Off-street parking to the rear +
  • Stylish kitchen and shower-room +
  • Positioned close to a wealth of amenities and travel links +
  • Within easy reach of Southend City Centre +
  • Double glazing and gas central heating +
  • Fantastic first time purchase or buy to let investment +
  • Keys held for internal viewings +

* £160,000 - £170,000 * NEW LEASE ON COMPLETION * Sold with no onward chain is this beautifully presented two bedroom first floor apartment in Southend-on-Sea, boasting a sizeable lounge, stylish kitchen and off-street parking to the rear. Positioned close to a wealth of travel links and amenities.

New to the market and offering no onward chain is this well presented first floor flat in Southend-on-Sea. The accommodation boasts a large lounge which provides space for dining, as well as a modern fitted kitchen. There are two bedrooms, a shower room and a WC also within the flat. To the rear, you will find off-street parking.

South Avenue is located within minutes of favoured shops and eateries, as well as the city centre and seafront. There are bus links close to hand whilst Southend Victoria Train Station serves London Liverpool Street Station and Southend Central Train Station serves London Fenchurch Street Station, making the location ideal for commuters.

Two Bedroom First Floor Flat -

Entrance Hall -

Lounge - 4.62m x 3.02m (15'2 x 9'11) -

Kitchen - 2.57m x 2.31m (8'5 x 7'7) -

Bedroom One - 3.23m x 2.62m (10'7 x 8'7) -

Bedroom Two - 2.87m x 1.78m (9'5 x 5'10) -

Shower Room - 1.57m x 0.79m (5'2 x 2'7) -

Wc -

Storage -

Off-Street Parking To The Rear -

Agents Note - There will be an extended lease of 125 years on completion. The ground rent is £100 per annum. The service charge is £1000 per annum and includes buildings insurance.

Agent Details

Bear Estate Agents, Southend-on-Sea

01702 967452

Next Steps?

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