3 Bed Terraced House, Refurb/BRRR, Southend-on-Sea, SS2 4EE, £350,000

Central Avenue, Southend-On-Sea, SS2 4EE - 5 months ago

Sold STC
Refurb/BRRR
ROI: 2%
~95 m²
+14 photos

ValuationOvervalued

Sold Prices£195K - £440K
Sold Prices/m²£2.2K/m² - £5.1K/m²

 

 

Square Metres

~94.95 m²
Price/m²£3.7K/m²

Value Estimate

£319,880

 

 

End Value (After Refurb)

£348,150

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£87,500

Stamp Duty & Legal Fees

£23,700

Refurb Costs

£45,725

Bridging Loan Interest

£9,188

Total Cash In

£167,862

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£348,150

Mortgage (After Refinance)

£261,113

Mortgage LTV

75%

Cash Left In

£167,862

Equity

£87,038

Rent Range

£1,275 - £2,200

Rent Estimate

£1,663

Running Costs/mo

£1,441

Cashflow/mo

£222

Cashflow/yr

£2,669

ROI

2%

Gross Yield

6%

Local Sold Prices

53 sold prices from £195K to £440K, average is £328K. £2.2K/m² to £5.1K/m², average is £3.7K/m².

PriceDateDistanceAddressBeds 
£318K10/200.01 mi292, Central Avenue, Southend-on-sea SS2 4EE3
£290K06/210.05 mi254, North Avenue, Southend-on-sea SS2 4EN3
£407.5K04/210.05 mi305, South Avenue, Southend-on-sea SS2 4HS3
£350.5K09/230.05 mi295, South Avenue, Southend-on-sea SS2 4HS3
£350K12/230.05 mi264, South Avenue, Southend-on-sea SS2 4HS3
£347K12/200.06 mi248, North Avenue, Southend-on-sea SS2 4EN3
£265K03/210.07 mi68, Lonsdale Road, Southend-on-sea SS2 4LX3
£317.5K11/200.08 mi64, Westbury Road, Southend-on-sea SS2 4DP3
£285K01/210.08 mi2, Westbury Road, Southend-on-sea SS2 4DP3
£365K05/210.1 mi33, Westbury Road, Southend-on-sea SS2 4DW3
£366K01/230.1 mi31, Westbury Road, Southend-on-sea SS2 4DW3
£315K06/210.11 mi68, Trinity Road, Southend-on-sea SS2 4HJ3
£370K06/210.12 mi82, Westbury Road, Southend-on-sea SS2 4DN3
£325K07/230.13 mi131, Stornoway Road, Southend-on-sea SS2 4NX3
£325K07/230.13 mi131, Stornoway Road, Southend-on-sea SS2 4NX3
£362.5K02/230.14 mi316, South Avenue, Southend-on-sea SS2 4HR3
£400K05/230.14 mi347, South Avenue, Southend-on-sea SS2 4HR3
£325K06/230.14 mi34, Trinity Road, Southend-on-sea SS2 4HJ3
£330K01/210.15 mi316, North Avenue, Southend-on-sea SS2 4EQ3
£310K10/200.15 mi41, Seaforth Avenue, Southend-on-sea SS2 4ER3
£410K01/210.17 mi81, Ilfracombe Road, Southend-on-sea SS2 4PA3
£330K03/230.18 mi219, North Avenue, Southend-on-sea SS2 4ET3
£308K03/240.18 mi155, North Avenue, Southend-on-sea SS2 4ET3
£308K03/240.18 mi155, North Avenue, Southend-on-sea SS2 4ET3
£320K09/230.18 mi225, Stornoway Road, Southend-on-sea SS2 4NJ3
£400K09/230.18 mi181, Central Avenue, Southend-on-sea SS2 4EA3
£330K06/210.18 mi196, Central Avenue, Southend-on-sea SS2 4EB3
£360.1K03/230.18 mi197, North Avenue, Southend-on-sea SS2 4ET3
£390K06/220.19 mi15, Durham Road, Southend-on-sea SS2 4LT3
£260K11/210.19 mi237, South Avenue, Southend-on-sea SS2 4HT3
£370K11/230.19 mi190, South Avenue, Southend-on-sea SS2 4HT3
£375K02/240.19 mi116, Westbury Road, Southend-on-sea SS2 4DN3
£275K02/230.19 mi19, Trinity Road, Southend-on-sea SS2 4HL3
£269K10/200.2 mi365, Hamstel Road, Southend-on-sea SS2 4LE3
£280K06/230.2 mi69, Stornoway Road, Southend-on-sea SS2 4NZ3
£325.5K12/200.21 mi103, Westbury Road, Southend-on-sea SS2 4DL3
£440K07/220.21 mi163, Westbury Road, Southend-on-sea SS2 4DL3
£272.5K03/230.21 mi81, Westbury Road, Southend-on-sea SS2 4DL3
£310K07/210.22 mi38, Crossfield Road, Southend-on-sea SS2 4LS3
£440K10/230.22 mi36, Lovelace Gardens, Southend-on-sea SS2 4NU3
£335K12/220.23 mi41, Richmond Street, Southend-on-sea SS2 4NW3
£345K03/230.23 mi35, Surbiton Road, Southend-on-sea SS2 4NR3
£245K06/230.23 mi7, Richmond Street, Southend-on-sea SS2 4NW3
£284.5K03/240.23 mi49, Richmond Street, Southend-on-sea SS2 4NW3
£284.5K03/240.23 mi49, Richmond Street, Southend-on-sea SS2 4NW3
£365K12/220.23 mi43, Surbiton Road, Southend-on-sea SS2 4NR3
£354K12/220.23 mi174, North Avenue, Southend-on-sea SS2 4EU3
£273.5K02/210.23 mi89, Rylands Road, Southend-on-sea SS2 4LL3
£335K01/230.23 mi50, Richmond Street, Southend-on-sea SS2 4NP3
£328K05/230.24 mi60, Surbiton Road, Southend-on-sea SS2 4NS3
£195K12/200.24 mi83, Moseley Street, Southend-on-sea SS2 4NL3
£280K03/210.24 mi79, Moseley Street, Southend-on-sea SS2 4NL3
£355K12/220.24 mi63, Moseley Street, Southend-on-sea SS2 4NL3

Local Rents

24 rents from £1.3K/mo to £2.2K/mo, average is £1.7K/mo.

RentDateDistanceAddressBeds 
£1,27509/240.13 miStornoway Road, Southend-On-Sea3
£1,85009/240.14 miTrinity Road, Southend-On-Sea, Essex, SS23
£1,80010/240.17 mi-3
£1,75009/240.21 miWestbury Road, Southend-On-Sea, Essex, SS23
£1,60009/240.22 miBeaufort Street, Southend-on-Sea, Essex3
£1,45009/240.23 miSurbiton Road, Southend-On-Sea, Essex, SS23
£1,75003/250.24 mi-3
£1,30010/240.28 mi-3
£1,60009/240.3 miBellevue Road, Southend-On-Sea3
£1,65010/240.32 mi-3
£1,65010/240.32 mi-3
£1,70003/250.41 mi-3
£1,40009/240.43 mi-3
£1,50010/240.43 mi-3
£1,30009/240.43 miBournemouth Park Road, Southend on Sea3
£2,20009/240.44 mi-3
£2,00012/240.45 mi-3
£1,90001/250.46 mi-3
£1,90001/250.46 mi-3
£1,85003/250.47 mi-3
£1,70007/240.48 mi-3
£1,60011/230.49 mi-3
£1,60009/240.56 miTennyson Avenue, Southend on Sea, SS23
£1,70009/240.57 miSteyning Avenue, Southend-On-Sea3

Local Area Statistics

Population in SS2

36,418

Population in Southend-on-Sea

106,129

Town centre distance

0.56 miles away

Nearest school

0.20 miles away

Nearest train station

0.47 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+8%

Sales demand

Balanced market

Capital growth (5yrs)

+24%

Property History

Price changed to £350,000

January 15, 2025

Listed for £375,000

November 27, 2024

Floor Plans

Description

  • No Onward Chain +
  • Three Bedroom Mid Terraced House +
  • Driveway Parking For Two Vehicles +
  • Large Single Story Rear Extension +
  • Fantastic Open Plan Kitchen/Dining Area Measuring 21'5 x 17'3 Max +
  • Formal Lounge With Feature Bay Window +
  • Southend East C2C Station Within 10 Min Walk & Close To Local Amenities +
  • Sought After Location +
  • Well Presented Throughout +
  • Well Presented Bathroom & Ground Floor Cloak Room +

*GUIDE PRICE £350,000 - £375,000 - *NO ONWARD CHAIN* Nestled in a sought-after location, this inviting 3-bedroom mid-terraced house presents itself without any onward chain, ready for the next lucky owners to move right in. Pulling up onto the driveway, you'll appreciate the ample space for two vehicles, a convenient feature not always readily available in many homes.

Step inside to discover a bright and spacious layout that includes a generous single-story rear extension, adding valuable living space to the home. The open-plan kitchen and dining area is a standout feature, boasting a vast footprint measuring 21'5 x 17'3 at its maximum.

The open plan lounge beckons with its feature bay window, flooding the room with natural light and creating a cosy atmosphere for relaxing evenings.

Convenience is key with this property, as it sits within close proximity to local amenities, offering a range of shops, cafes, and leisure options just a stone's throw away. Located a short 10 minute walk away, you have direct access to London from Southend East C2C train station. Whether running errands, meeting up with friends, or simply enjoying a quiet afternoon out, everything you need is within easy reach.

Throughout, the house boasts a well-presented aesthetic, with a modern bathroom and ground floor cloakroom adding to the overall appeal and functionality of the home. From top to bottom, this property has been meticulously cared for, ensuring that you can simply move in and start enjoying all that it has to offer without the need for extensive renovations.

In conclusion, this charming mid-terraced house ticks all the boxes for a comfortable and convenient living experience, with its practical layout, sought-after location, and inviting atmosphere setting the stage for a place you can proudly call home.

EPC Rating: C

Agent Details

Youngs Residential, Covering Essex

01268 202940

Next Steps?

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