3 Bed Flat, Single Let, Canvey Island, SS8 7HQ, £230,000
May Avenue, Canvey Island, SS8 7HQ - 5 months ago
Sold STC
Leasehold
BTL
ROI: 5%
~93 m²





+10 photos
ValuationUndervalued
Sold Prices | £205K - £387.5K |
Sold Prices/m² | £2.8K/m² - £4.9K/m² |
| |
Square Metres | ~93 m² |
Price/m² | £2.5K/m² |
Value Estimate | £285,200 |
BMV | 24% |
Cashflows
Cash In | |
Purchase Finance | Mortgage |
Deposit (25%) | £57,500 |
Stamp Duty & Legal Fees | £12,700 |
Total Cash In | £70,200 |
| |
Cash Out | |
Rent Range | £1,200 - £1,900 |
Rent Estimate | £1,313 |
Running Costs/mo | £1,001 |
Cashflow/mo | £312 |
Cashflow/yr | £3,740 |
ROI | 5% |
Gross Yield | 7% |
Local Sold Prices
7 sold prices from £205K to £387.5K, average is £285K. £2.8K/m² to £4.9K/m², average is £4.2K/m².
Local Rents
11 rents from £1.2K/mo to £1.9K/mo, average is £1.6K/mo.
Local Area Statistics
Population in SS8 | 38,134 |
Population in Canvey Island | 38,138 |
Town centre distance | 0.98 miles away |
Nearest school | 0.10 miles away |
Nearest train station | 2.56 miles away |
| |
Rental growth (12m) | +72% |
Sales demand | Seller's market |
Capital growth (5yrs) | +21% |
Property History
Listed for £230,000
December 5, 2024
Floor Plans

Description
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