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
BMV24%

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.

PriceDateDistanceAddressBeds 
£320K06/210.13 mi10, Meadway, Canvey Island, Essex SS8 7DJ3
£285K05/210.43 mi21, Maurice Road, Canvey Island, Essex SS8 7JL3
£205K03/212.69 miFlat 19, Castle Court, Castle Lane, Benfleet, Essex SS7 2AE3
£265K10/232.73 mi1889, London Road, Leigh-on-sea, Southend-on-sea SS9 2SY3
£387.5K11/232.75 mi106a, Olive Avenue, Leigh-on-sea, Southend-on-sea SS9 3QE3
£280K06/232.78 mi85a, High Street, Hadleigh, Benfleet, Essex SS7 2PA3
£355K03/232.9 mi151, Hadleigh Road, Leigh-on-sea, Southend-on-sea SS9 2LR3

Local Rents

11 rents from £1.2K/mo to £1.9K/mo, average is £1.6K/mo.

RentDateDistanceAddressBeds 
£1,35002/240 mi-3
£1,65003/250.3 mi-3
£1,20009/240.41 miSan Remo Road, Canvey Island, Essex3
£1,50009/240.49 mi-3
£1,60001/250.49 mi-3
£1,50009/240.6 mi-3
£1,60009/240.62 miSouth Parade, Canvey Island3
£1,30009/240.92 miStanford Road, Canvey Island3
£1,70001/250.93 mi-3
£1,90004/251.03 mi-3
£1,77502/251.18 mi-3

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

  • Seafront location +
  • Three spacious bedrooms +
  • Modern fitted kitchen +
  • Ready to move into +
  • Lounge/diner +
  • Ample storage +
  • Modern fitted bathroom +
  • Top floor apartment +
  • Lubbins primary school catchment +
  • Garage +

Situated just moments from the vibrant Canvey Seafront, the property is within touching distance of popular restaurants, bars, and amusements, making it an ideal location for those who enjoy a lively, seaside lifestyle. The apartment features three generously-sized bedrooms, offering plenty of space for family living or guests. The modern fitted kitchen is fully equipped with contemporary appliances and ample storage, while the spacious lounge/diner boasts stunning views of the seafront, creating the perfect space for both relaxation and entertaining.

With modern décor throughout, the property is ready for you to move straight in. The wide entrance hall includes huge storage cupboards, ensuring that you can keep your home organized. With only a few neighbors on the top floor, you can enjoy peace and privacy. The apartment also benefits from a private garage. Located next to the popular Lubbins Primary School, with excellent transport links and all local amenities just a stone’s throw away, this apartment offers both comfort and convenience. This well-positioned property is a must-see and is sure to be snapped up quickly. Don’t miss your chance to view – call us today to arrange a viewing!

Agent Details

Anthony Quirk, Canvey Island

01268 203943

Next Steps?

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