2 Bed Flat, Single Let, Southend-on-Sea, SS2 6NE, £150,000

Victoria Avenue, Southend-on-Sea, Essex, SS2 6NE - 4 months ago

Sold STC
Leasehold
BTL
ROI: 10%
~68 m²
+3 photos

ValuationUndervalued

Sold Prices£75K - £440K
Sold Prices/m²£1.9K/m² - £5.4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.2K/m²

Value Estimate

£183,000
BMV22%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£37,500

Stamp Duty & Legal Fees

£8,700

Total Cash In

£46,200

 

 

Cash Out

 

Rent Range

£995 - £1,650

Rent Estimate

£1,106

Running Costs/mo

£710

Cashflow/mo

£396

Cashflow/yr

£4,753

ROI

10%

Gross Yield

9%

Local Sold Prices

50 sold prices from £75K to £440K, average is £211.5K. £1.9K/m² to £5.4K/m², average is £3.2K/m².

PriceDateDistanceAddressBeds 
£145K07/210.17 mi24, Tunbridge Road, Southend-on-sea SS2 6LT2
£220K12/230.17 mi24a, Tunbridge Road, Southend-on-sea SS2 6LT2
£240K09/210.21 mi55, Shakespeare Drive, Westcliff-on-sea, Southend-on-sea SS0 9AA2
£220K03/230.3 mi126, East Street, Southend-on-sea SS2 5EE2
£190K12/200.34 mi19, Rayleigh Avenue, Westcliff-on-sea, Southend-on-sea SS0 7DS2
£165K10/230.35 mi7a, Rayleigh Avenue, Westcliff-on-sea, Southend-on-sea SS0 7DS2
£218K11/210.36 mi96a, Ennismore Gardens, Southend-on-sea SS2 5RB2
£210K12/200.36 mi96, Ennismore Gardens, Southend-on-sea SS2 5RB2
£237.5K05/230.36 mi108a, Ennismore Gardens, Southend-on-sea SS2 5RB2
£245K05/230.37 mi11a, Shakespeare Avenue, Westcliff-on-sea, Southend-on-sea SS0 0ST2
£248K08/230.37 mi180, East Street, Southend-on-sea SS2 5EA2
£177K07/210.39 mi30a, Westborough Road, Westcliff-on-sea, Southend-on-sea SS0 9DP2
£220K02/230.44 mi485a, Sutton Road, Southend-on-sea SS2 5PL2
£210K08/230.44 mi473b, Sutton Road, Southend-on-sea SS2 5PL2
£265K12/230.45 mi57, Boston Avenue, Southend-on-sea SS2 6JH2
£235K03/230.45 mi49a, Boston Avenue, Southend-on-sea SS2 6JH2
£208K03/230.45 mi158, Glenwood Avenue, Westcliff-on-sea, Southend-on-sea SS0 9DT2
£200K11/210.45 mi259, Hamlet Court Road, Westcliff-on-sea, Southend-on-sea SS0 7DD2
£213K12/230.46 mi194, Fairfax Drive, Westcliff-on-sea, Southend-on-sea SS0 9BG2
£205K04/210.46 mi64, Westborough Road, Westcliff-on-sea, Southend-on-sea SS0 9DL2
£75K04/210.5 miFlat 27, Martins Court, Stadium Road, Southend-on-sea SS2 5DH2
£167K05/230.53 mi154, Brightwell Avenue, Westcliff-on-sea, Southend-on-sea SS0 9EH2
£200K06/210.53 mi8, Claremont Road, Westcliff-on-sea, Southend-on-sea SS0 7DZ2
£440K12/200.53 mi1, Beeleigh Close, Southend-on-sea SS2 6PA2
£150K06/210.57 mi7, Balmoral Road, Westcliff-on-sea, Southend-on-sea SS0 7DG2
£260K11/210.61 mi15, Brightwell Avenue, Westcliff-on-sea, Southend-on-sea SS0 9EB2
£135K11/230.61 mi1, Burdett Avenue, Westcliff-on-sea, Southend-on-sea SS0 7JN2
£180K11/210.62 mi83b, Princes Street, Southend-on-sea SS1 1PT2
£225K06/210.64 mi2, Burdett Avenue, Westcliff-on-sea, Southend-on-sea SS0 7JW2
£235K01/210.64 mi2a, Dryden Avenue, Southend-on-sea SS2 5EU2
£184.5K10/210.65 mi46, Burdett Avenue, Westcliff-on-sea, Southend-on-sea SS0 7JW2
£150K12/200.65 mi82, Burdett Avenue, Westcliff-on-sea, Southend-on-sea SS0 7JW2
£235K11/200.66 mi16, St Johns Road, Westcliff-on-sea, Southend-on-sea SS0 7JZ2
£150K09/230.67 mi20, Beedell Avenue, Westcliff-on-sea, Southend-on-sea SS0 9JU2
£240.5K04/210.67 mi68a, Valkyrie Road, Westcliff-on-sea, Southend-on-sea SS0 8AP2
£225K03/230.68 mi15a, Beedell Avenue, Westcliff-on-sea, Southend-on-sea SS0 9JT2
£210K09/210.69 mi41, Central Avenue, Southend-on-sea SS2 5HR2
£205K05/210.7 mi46a, Cranley Road, Westcliff-on-sea, Southend-on-sea SS0 8AL2
£213K01/240.72 mi18a, Anerley Road, Westcliff-on-sea, Southend-on-sea SS0 7HH2
£187.5K07/210.72 mi15, Napier Avenue, Southend-on-sea SS1 1LY2
£180K08/230.72 mi32b, Elmer Avenue, Southend-on-sea SS1 1NB2
£265K05/230.72 mi50, Cranley Road, Westcliff-on-sea, Southend-on-sea SS0 8AL2
£235K10/230.72 mi10, Ashburnham Road, Southend-on-sea SS1 1QD2
£202.5K02/210.73 mi29, South Avenue, Southend-on-sea SS2 5JA2
£200K09/210.73 mi70a, South Avenue, Southend-on-sea SS2 5JB2
£215K04/230.74 mi3, Cranley Road, Westcliff-on-sea, Southend-on-sea SS0 8AJ2
£244K06/210.74 miGround Floor Flat, 86, St Helens Road, Westcliff-on-sea, Southend-on-sea SS0 7LE2
£220K01/210.74 mi92, St Helens Road, Westcliff-on-sea, Southend-on-sea SS0 7LE2
£235K06/210.74 mi3, Elderton Road, Westcliff-on-sea, Southend-on-sea SS0 8AG2
£167K03/210.75 mi89, Electric Avenue, Westcliff-on-sea, Southend-on-sea SS0 9NL2

Local Rents

36 rents from £995/mo to £1.6K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,25010/240.17 mi-2
£1,30009/240.17 miNorth Road, Westcliff On Sea2
£1,40009/240.18 miShakespeare Drive, Westcliff-on-Sea2
£1,45009/240.19 miFairfax Drive, Westcliff-on-Sea, Essex, SS02
£1,05009/240.2 miAvebury Road, Westcliff-On-Sea2
£1,25009/240.22 mi-2
£1,25008/240.22 mi-2
£1,25009/240.22 mi-2
£1,00004/250.25 mi-2
£1,35004/250.26 mi-2
£1,27509/240.26 miBeaumont Court, - Victoria Avenue, Southend-On-Sea2
£1,45011/230.27 mi-2
£1,30011/240.27 mi-2
£1,65002/250.27 mi-2
£1,50010/240.27 mi-2
£1,40009/240.27 miVictoria Avenue, Southend-on-Sea2
£1,35003/240.27 miBeaumont Court2
£1,25003/240.27 miBeaumont Court, Southend-On-Sea2
£1,35009/240.27 miVictoria Avenue, SOUTHEND-ON-SEA2
£1,45009/240.27 miVictoria Avenue, SOUTHEND-ON-SEA2
£1,40009/240.27 mi2 bedroom 1st Floor Flat in Southend on Sea2
£1,45009/240.27 miVictoria Avenue, SOUTHEND-ON-SEA2
£1,35009/240.27 miBeaumont Court, Victoria Avenue2
£1,35009/240.27 miBeaumont Court, Victoria Avenue, Southend on Sea2
£1,45009/240.27 miVictoria Avenue, SOUTHEND-ON-SEA2
£1,40009/240.27 miVictoria Avenue, Southend-on-Sea2
£1,40009/240.29 mi-2
£1,55003/250.29 mi-2
£1,35011/240.3 mi-2
£1,50003/250.3 mi-2
£1,35002/250.3 mi-2
£1,35003/250.3 mi-2
£1,17502/250.31 miThe Pinnacle , 59 Victoria Avenue 2
£1,12509/240.31 miThe Pinnacle , Southend-On-Sea2
£99503/240.32 miKenway, Southend-On-Sea, Essex, SS22
£1,00003/240.32 miVantage Court, Kenway Southend-on-Sea2

Local Area Statistics

Population in SS2

36,418

Population in Southend-on-Sea

106,129

Town centre distance

0.70 miles away

Nearest school

0.20 miles away

Nearest train station

0.31 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+8%

Sales demand

Balanced market

Capital growth (5yrs)

+24%

Property History

Price changed to £150,000

January 4, 2025

Listed for £180,000

November 29, 2024

Floor Plans

Description

  • No onward chain +
  • Ideal for investors +
  • Long Lease +
  • 2 double bedrooms +
  • Close to Prittlewell train station +

*NO ONWARD CHAIN*

Presenting this superb two-bedroom flat, currently listed for sale. The property is in good condition and boasts a number of noteworthy features that are sure to appeal to investors. With a rental yield of 5.5%, this property is a lucrative investment opportunity.

The flat features a well-sized open-plan reception room, creating a spacious setting perfect for entertaining or unwinding. The property also benefits from a generously sized open-plan kitchen, designed to cater to all your culinary needs.

The property consists of two double bedrooms, offering ample space and comfort for occupants. Further enhancing this property is the bathroom, furnished with a three-piece suite, ensuring all your needs are met. The property also benefits from outdoor space.

The property is advantageously situated close to Prittlewell train station and Southend Town Centre, making it an excellent choice for those who value convenience. The presence of nearby parks and public transport links also adds to the appeal of this location.

The property has an EPC rating of 'D', indicating its energy efficiency level. Please note that council tax band information is not provided.

In conclusion, this two-bedroom flat presents a great opportunity for investors, offering good rental yield, convenient location, and commendable features. This property, with its unique blend of comfort and convenience, is waiting to become your next investment.

Agent Details

Leaders Sales, Southend-On-Sea

01702 967359

Next Steps?

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