2 Bed Flat, Single Let, Leigh-on-Sea, SS9 4BF, £220,000

Priorywood Drive, Leigh-on-sea, SS9 4BF - 3 views - 5 months ago

Sold STC
Leasehold
BTL
ROI: 3%
~68 m²
+4 photos

ValuationUndervalued

Sold Prices£170K - £375K
Sold Prices/m²£2.4K/m² - £5.3K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.2K/m²

Value Estimate

£276,000
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£55,000

Stamp Duty & Legal Fees

£8,100

Total Cash In

£63,100

 

 

Cash Out

 

Rent Range

£900 - £3,000

Rent Estimate

£1,100

Running Costs/mo

£928

Cashflow/mo

£173

Cashflow/yr

£2,070

ROI

3%

Gross Yield

6%

Local Sold Prices

51 sold prices from £170K to £375K, average is £270K. £2.4K/m² to £5.3K/m², average is £4.3K/m².

PriceDateDistanceAddressBeds 
£172K11/210.15 miFlat 7, Oakwood Court, Arterial Road, Leigh-on-sea, Southend-on-sea SS9 4DG2
£375K10/210.31 mi29, Park Avenue, Leigh-on-sea, Southend-on-sea SS9 5XB2
£211K09/210.44 mi36, Cheddar Avenue, Westcliff-on-sea, Southend-on-sea SS0 0HJ2
£211K09/210.46 mi36, Cheddar Avenue, Westcliff-on-sea, Southend-on-sea SS0 0HJ2
£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
£226K04/210.69 mi19, Norfolk Avenue, Leigh-on-sea, Southend-on-sea SS9 3HA2
£287.5K12/230.72 mi97a, Tankerville Drive, Leigh-on-sea, Southend-on-sea SS9 3DB2
£260K04/210.76 mi1, Norfolk Avenue, Leigh-on-sea, Southend-on-sea SS9 3HA2
£270K09/210.84 mi62, Olivia Drive, Leigh-on-sea, Southend-on-sea SS9 3EG2
£270K09/210.84 mi62, Olivia Drive, Leigh-on-sea, Southend-on-sea SS9 3EG2
£275K05/210.95 mi1099, London Road, Leigh-on-sea, Southend-on-sea SS9 3JJ2
£242K04/211 mi325a, Westbourne Grove, Westcliff-on-sea, Southend-on-sea SS0 0PU2
£330K01/231.02 mi130a, Oakleigh Park Drive, Leigh-on-sea, Southend-on-sea SS9 1RU2
£237K10/231.03 mi67, Northville Drive, Westcliff-on-sea, Southend-on-sea SS0 0QA2
£292.5K09/231.03 mi256a, Elm Road, Leigh-on-sea, Southend-on-sea SS9 1SA2
£270K02/211.04 mi1, Cranleigh Drive, Leigh-on-sea, Southend-on-sea SS9 1SX2
£235K01/211.05 mi12a, Station Road, Leigh-on-sea, Southend-on-sea SS9 1SU2
£235K01/211.05 mi12a, Station Road, Leigh-on-sea, Southend-on-sea SS9 1SU2
£325K08/231.05 mi130, Oakleigh Park Drive, Leigh-on-sea, Southend-on-sea SS9 1RU2
£270K10/231.06 mi30, Cavendish Gardens, Westcliff-on-sea, Southend-on-sea SS0 9XS2
£280K11/201.09 mi193a, Elm Road, Leigh-on-sea, Southend-on-sea SS9 1SB2
£270K06/211.1 mi123a, Southsea Avenue, Leigh-on-sea, Southend-on-sea SS9 2BH2
£260K07/211.11 mi1a, Cranleigh Drive, Leigh-on-sea, Southend-on-sea SS9 1SX2
£270K03/231.11 mi16a, Chalkwell Park Drive, Leigh-on-sea, Southend-on-sea SS9 1NJ2
£306K10/201.11 mi71a, Leigham Court Drive, Leigh-on-sea, Southend-on-sea SS9 1PT2
£235K06/231.12 miFlat 18, Spencer House, Ensign Close, Leigh-on-sea, Southend-on-sea SS9 1FG2
£240K12/231.12 miFlat 14, Spencer House, Ensign Close, Leigh-on-sea, Southend-on-sea SS9 1FG2
£295K06/211.13 mi63a, Chalkwell Park Drive, Leigh-on-sea, Southend-on-sea SS9 1NH2
£295K06/231.14 mi64a, Leigh Hall Road, Leigh-on-sea, Southend-on-sea SS9 1QZ2
£308K02/211.15 mi88, Oakleigh Park Drive, Leigh-on-sea, Southend-on-sea SS9 1RS2
£285K01/231.15 mi78a, Oakleigh Park Drive, Leigh-on-sea, Southend-on-sea SS9 1RS2
£210K05/231.15 mi86b, Oakleigh Park Drive, Leigh-on-sea, Southend-on-sea SS9 1RS2
£240K06/211.15 mi56, Leighton Avenue, Leigh-on-sea, Southend-on-sea SS9 1QA2
£263K03/211.16 mi103a, Oakleigh Park Drive, Leigh-on-sea, Southend-on-sea SS9 1RR2
£328K10/231.16 mi87a, Oakleigh Park Drive, Leigh-on-sea, Southend-on-sea SS9 1RR2
£285K10/201.16 mi49a, Dawlish Drive, Leigh-on-sea, Southend-on-sea SS9 1QX2
£285K10/201.16 mi49a, Dawlish Drive, Leigh-on-sea, Southend-on-sea SS9 1QX2
£315K08/231.16 mi24, Torquay Drive, Leigh-on-sea, Southend-on-sea SS9 1SE2
£275K02/231.16 mi101, Southbourne Grove, Westcliff-on-sea, Southend-on-sea SS0 9UN2
£295K12/221.18 mi35a, Torquay Drive, Leigh-on-sea, Southend-on-sea SS9 1SD2
£295K10/201.19 mi22, Victoria Drive, Leigh-on-sea, Southend-on-sea SS9 1SF2
£227.5K12/201.19 mi42, Victoria Drive, Leigh-on-sea, Southend-on-sea SS9 1SF2
£340K06/211.19 mi22a, Victoria Drive, Leigh-on-sea, Southend-on-sea SS9 1SF2
£340K04/211.19 mi56b, Woodfield Park Drive, Leigh-on-sea, Southend-on-sea SS9 1LW2
£340K11/201.19 mi115, Salisbury Road, Leigh-on-sea, Southend-on-sea SS9 2JN2
£240K05/211.19 mi1533, London Road, Leigh-on-sea, Southend-on-sea SS9 2SF2
£300K12/221.2 mi15, Victoria Drive, Leigh-on-sea, Southend-on-sea SS9 1SF2
£290K02/211.21 mi164a, Elm Road, Leigh-on-sea, Southend-on-sea SS9 1SQ2
£170K10/211.21 mi460, Fairfax Drive, Westcliff-on-sea, Southend-on-sea SS0 9RN2
£170K10/211.21 mi460, Fairfax Drive, Westcliff-on-sea, Southend-on-sea SS0 9RN2

Local Rents

50 rents from £900/mo to £3K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,50009/240.09 mi-2
£1,70009/240.26 miEastwood Road North, Leigh-On-Sea (FULLY FURNISHED, SHORT TERM LET)2
£1,17501/240.47 mi-2
£1,45009/240.51 miFairfield Road, Leigh-On-Sea, Essex, SS92
£1,30002/240.56 mi-2
£1,65003/250.57 mi-2
£1,37509/240.61 miSuffolk Avenue, Leigh on Sea2
£1,45009/240.62 miSunnybank Close, Leigh On Sea2
£1,35012/240.62 mi-2
£1,15009/240.82 miPavilion Drive, Leigh on sea2
£1,45001/250.87 mi-2
£1,25009/240.88 miLeigh on Sea2
£1,20009/240.91 miTankerville Drive, Leigh-on-Sea2
£1,20009/240.96 miTankerville Drive, Leigh-on-Sea, SS92
£1,60002/250.96 mi-2
£1,09512/240.97 mi-2
£1,49509/240.97 miGrange Park Drive Leigh On Sea2
£1,50009/241 mi-2
£90012/241 mi-2
£1,45009/241.02 miLeigh Hall Road, Leigh-on-Sea2
£1,42504/251.02 mi-2
£1,65003/251.03 mi-2
£1,20009/241.03 miElm Road, Leigh-On-Sea, Essex, SS92
£1,75009/241.04 miLeighton Avenue, Leigh-On-Sea2
£1,25009/241.07 miSouthbourne Grove, Westcliff-On-Sea2
£1,39509/241.07 miSouthbourne Grove, Westcliff-On-Sea2
£1,09509/241.07 miNelson Road, Leigh On Sea2
£3,00009/241.08 mi-2
£1,35002/241.09 mi-2
£1,20009/241.11 miWoodside Court, Leigh-on-Sea2
£1,10009/241.11 miWoodside, Leigh-On-Sea2
£1,10007/241.12 mi-2
£1,20009/241.13 miAlison House, 10 Sandown Avenue, Westcliff-On-Sea2
£1,25009/241.13 mi-2
£1,35004/251.13 mi-2
£1,10009/241.14 miEnsign Close, Leigh-on-Sea, Essex, SS92
£1,00009/241.15 miEastwood Old Road, Leigh-on-Sea, Essex2
£1,25009/241.15 miSalisbury Road, Leigh-on-Sea2
£1,40002/251.18 mi-2
£1,35003/251.18 mi-2
£1,07503/241.19 mi-2
£1,25009/241.2 miLondon Road, Leigh-on-Sea2
£1,25009/241.2 miCarlton Avenue, Southend-on-sea, Westcliff-On-Sea, SS02
£1,10007/241.2 mi-2
£1,30009/241.23 mi-2
£1,40009/241.24 miGlendale Gardens, Leigh-on-Sea2
£1,30009/241.24 mi43a Pall MallLeigh On SeaEssex2
£1,12509/241.24 miWayletts, Leigh-on-Sea, SS92
£1,45004/251.24 mi-2
£1,25009/241.24 miPall Mall, Leigh-on-Sea2

Local Area Statistics

Population in SS9

49,984

Town centre distance

0.68 miles away

Nearest school

0.20 miles away

Nearest train station

1.64 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+14%

Sales demand

Balanced market

Capital growth (5yrs)

+24%

Property History

Price changed to £220,000

February 4, 2025

Listed for £230,000

November 28, 2024

Floor Plans

Description

  • Double doors onto outside area +
  • Modern apartment +
  • Ground floor +
  • Quiet cul-de-sac location +
  • Allocated parking +
  • Two double bedrooms +
  • Bathroom +
  • En-suite +
  • Recently Plastered Ceiling With Internal Spotlights Fitted +
  • Close to local amenities +

Designed with contemporary living in mind, the property features a sleek, modern fitted kitchen that flows seamlessly into a spacious open-plan lounge, creating a warm and inviting space. The apartment boasts two generously sized double bedrooms, with the master bedroom benefiting from a private ensuite bathroom.

Additional features include an allocated parking space for your convenience, an intercom system for added security, and access to a well-maintained communal garden, ideal for relaxing outdoors. Ready to move into, this property is perfect for first-time buyers, professionals, or investors looking for a stylish and hassle-free home.

Agent Details

Anthony Quirk, Canvey Island

01268 203943

Next Steps?

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