2 Bed Flat, Refurb/BRRR, Leigh-on-Sea, SS9 2BS, £240,000

St Clements Court East, Broadway West, Leigh On Sea, SS9 2BS - 2 views - 5 months ago

Sold STC
BTL
Refurb/BRRR
ROI: 1%
~68 m²
+15 photos

ValuationUndervalued

Sold Prices£195K - £590K
Sold Prices/m²£2.5K/m² - £6.6K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.5K/m²

Value Estimate

£247,200
BMV3%

 

 

End Value (After Refurb)

£347,104

Uplift in Value

+45%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£60,000

Stamp Duty & Legal Fees

£8,400

Refurb Costs

£33,161

Bridging Loan Interest

£6,300

Total Cash In

£109,611

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£347,104

Agent Fees (1%)

£3,471

Bridging Loan

£180,000

Bridging Loan Interest

£6,300

Flip Profit

£54,022

Local Sold Prices

52 sold prices from £195K to £590K, average is £286.9K. £2.5K/m² to £6.6K/m², average is £4.8K/m².

PriceDateDistanceAddressBeds 
£280K12/220 miFlat 86, St Clements Court East, Broadway West, Leigh-on-sea, Southend-on-sea SS9 2BS2
£207.5K02/210.01 miFlat 77, St Clements Court East, Broadway West, Leigh-on-sea, Southend-on-sea SS9 2BS2
£268K02/210.01 miFlat 91, St Clements Court East, Broadway West, Leigh-on-sea, Southend-on-sea SS9 2BS2
£255K03/230.01 miFlat 89, St Clements Court East, Broadway West, Leigh-on-sea, Southend-on-sea SS9 2BS2
£215K09/230.01 miFlat 85, St Clements Court East, Broadway West, Leigh-on-sea, Southend-on-sea SS9 2BS2
£301K06/230.1 mi24, Southsea Avenue, Leigh-on-sea, Southend-on-sea SS9 2AX2
£265K07/230.1 mi46, Southsea Avenue, Leigh-on-sea, Southend-on-sea SS9 2AX2
£265K07/230.1 mi46, Southsea Avenue, Leigh-on-sea, Southend-on-sea SS9 2AX2
£590K04/210.13 mi7, Leigh Hill, Leigh-on-sea, Southend-on-sea SS9 2DR2
£590K04/210.13 mi7, Leigh Hill, Leigh-on-sea, Southend-on-sea SS9 2DR2
£270K10/200.13 mi30, Laurel Close, Leigh-on-sea, Southend-on-sea SS9 2EE2
£265K10/230.16 mi127, Elm Road, Leigh-on-sea, Southend-on-sea SS9 1SP2
£305K03/210.18 mi106a, Glendale Gardens, Leigh-on-sea, Southend-on-sea SS9 2AY2
£290K02/210.2 mi164a, Elm Road, Leigh-on-sea, Southend-on-sea SS9 1SQ2
£300K12/220.22 mi15, Victoria Drive, Leigh-on-sea, Southend-on-sea SS9 1SF2
£297K12/230.22 mi12, East Street, Leigh-on-sea, Southend-on-sea SS9 1QF2
£364K01/210.22 mi88, Grange Road, Leigh-on-sea, Southend-on-sea SS9 2HT2
£295K10/200.22 mi22, Victoria Drive, Leigh-on-sea, Southend-on-sea SS9 1SF2
£227.5K12/200.22 mi42, Victoria Drive, Leigh-on-sea, Southend-on-sea SS9 1SF2
£340K06/210.22 mi22a, Victoria Drive, Leigh-on-sea, Southend-on-sea SS9 1SF2
£295K12/220.26 mi35a, Torquay Drive, Leigh-on-sea, Southend-on-sea SS9 1SD2
£280K09/210.26 mi8, Alexandra Road, Leigh-on-sea, Southend-on-sea SS9 1QD2
£261.5K06/210.28 mi29a, Leigh Hall Road, Leigh-on-sea, Southend-on-sea SS9 1RL2
£315K08/230.28 mi24, Torquay Drive, Leigh-on-sea, Southend-on-sea SS9 1SE2
£270K06/210.29 mi123a, Southsea Avenue, Leigh-on-sea, Southend-on-sea SS9 2BH2
£260K07/210.29 mi1a, Cranleigh Drive, Leigh-on-sea, Southend-on-sea SS9 1SX2
£285K10/200.3 mi49a, Dawlish Drive, Leigh-on-sea, Southend-on-sea SS9 1QX2
£285K10/200.3 mi49a, Dawlish Drive, Leigh-on-sea, Southend-on-sea SS9 1QX2
£300K12/220.3 mi32b, Leigh Hall Road, Leigh-on-sea, Southend-on-sea SS9 1RN2
£280K11/200.32 mi193a, Elm Road, Leigh-on-sea, Southend-on-sea SS9 1SB2
£260K03/230.33 mi29a, Oakleigh Park Drive, Leigh-on-sea, Southend-on-sea SS9 1RP2
£235K01/210.33 mi12a, Station Road, Leigh-on-sea, Southend-on-sea SS9 1SU2
£235K01/210.33 mi12a, Station Road, Leigh-on-sea, Southend-on-sea SS9 1SU2
£425K09/210.33 mi34a, Marine Parade, Leigh-on-sea, Southend-on-sea SS9 2NB2
£310K11/200.34 mi144a, Pall Mall, Leigh-on-sea, Southend-on-sea SS9 1RA2
£270K02/210.34 mi1, Cranleigh Drive, Leigh-on-sea, Southend-on-sea SS9 1SX2
£295K06/230.36 mi64a, Leigh Hall Road, Leigh-on-sea, Southend-on-sea SS9 1QZ2
£263K03/210.36 mi103a, Oakleigh Park Drive, Leigh-on-sea, Southend-on-sea SS9 1RR2
£328K10/230.36 mi87a, Oakleigh Park Drive, Leigh-on-sea, Southend-on-sea SS9 1RR2
£292.5K09/230.37 mi256a, Elm Road, Leigh-on-sea, Southend-on-sea SS9 1SA2
£375K11/230.38 mi149, Pall Mall, Leigh-on-sea, Southend-on-sea SS9 1RE2
£308K02/210.39 mi88, Oakleigh Park Drive, Leigh-on-sea, Southend-on-sea SS9 1RS2
£285K01/230.39 mi78a, Oakleigh Park Drive, Leigh-on-sea, Southend-on-sea SS9 1RS2
£210K05/230.39 mi86b, Oakleigh Park Drive, Leigh-on-sea, Southend-on-sea SS9 1RS2
£240K06/210.43 mi56, Leighton Avenue, Leigh-on-sea, Southend-on-sea SS9 1QA2
£325K08/230.44 mi130, Oakleigh Park Drive, Leigh-on-sea, Southend-on-sea SS9 1RU2
£340K11/200.45 mi115, Salisbury Road, Leigh-on-sea, Southend-on-sea SS9 2JN2
£288.8K03/210.46 mi30, Grand Drive, Leigh-on-sea, Southend-on-sea SS9 1BG2
£350K06/230.46 mi26, Grand Drive, Leigh-on-sea, Southend-on-sea SS9 1BG2
£330K01/230.46 mi130a, Oakleigh Park Drive, Leigh-on-sea, Southend-on-sea SS9 1RU2
£306K10/200.46 mi71a, Leigham Court Drive, Leigh-on-sea, Southend-on-sea SS9 1PT2
£195K12/200.46 miFlat 29, Portchester Court, Chalkwell Park Drive, Leigh-on-sea, Southend-on-sea SS9 1NR2

Local Rents

39 rents from £995/mo to £3K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£99509/240.01 miSt Clements Court, Broadway West, Leigh-on-Sea2
£1,35009/240.12 miLaurel Close, Leigh-on-Sea2
£1,55012/240.14 mi-2
£1,25009/240.15 miBroadway, Leigh-On-Sea2
£1,65009/240.16 miThe Broadway, Leigh on sea, Leigh on sea, 2
£1,29504/250.16 mi-2
£1,95009/240.16 miWest Street, Leigh On Sea2
£1,40009/240.18 miGlendale Gardens, Leigh-on-Sea2
£1,30009/240.23 mi43a Pall MallLeigh On SeaEssex2
£1,35012/240.23 mi-2
£1,25009/240.25 mi-2
£1,45009/240.28 mi-2
£1,25002/250.29 mi-2
£1,25009/240.31 miHadleigh Road, Leigh On Sea, Essex2
£2,10003/250.31 mi-2
£1,25009/240.37 miPall Mall, Leigh-on-Sea2
£1,45004/250.37 mi-2
£1,20009/240.37 miElm Road, Leigh-On-Sea, Essex, SS92
£1,25009/240.42 miLeigh on Sea - Marine Estate2
£1,45009/240.43 miLeigh Hall Road, Leigh-on-Sea2
£1,20009/240.44 miLeigh Road, Leigh-On-Sea2
£1,60002/250.45 mi-2
£1,25009/240.46 miSalisbury Road, Leigh-on-Sea2
£3,00009/240.46 mi-2
£1,35009/240.46 miGrand Drive, Leigh On Sea, Essex2
£1,42504/250.47 mi-2
£1,20009/240.47 miTankerville Drive, Leigh-on-Sea, SS92
£1,09512/240.47 mi-2
£1,75009/240.48 miLeighton Avenue, Leigh-On-Sea2
£1,20009/240.5 miLeigh Cliff Road, Leigh-on-Sea, Essex2
£1,25009/240.5 miLeigh on Sea2
£1,80012/240.5 mi-2
£1,85003/250.5 mi-2
£1,20009/240.53 miTankerville Drive, Leigh-on-Sea2
£1,50009/240.54 mi-2
£1,79509/240.55 mi-2
£1,79509/240.55 miGrand Parade, Leigh On Sea, SS92
£1,40009/240.58 miGrand Parade, Leigh-On-Sea2
£1,80003/250.59 mi-2

Local Area Statistics

Population in SS9

49,984

Town centre distance

0.82 miles away

Nearest school

0.20 miles away

Nearest train station

0.51 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+14%

Sales demand

Balanced market

Capital growth (5yrs)

+24%

Property History

Listed for £240,000

December 9, 2024

Floor Plans

Description

  • Super purpose built apartment in sought after development. +
  • Magnificent, far reaching views over Leigh & the Thames estuary. +
  • In need of some general modernisation and basic refurbishment. +
  • 2 double bedrooms, spacious lounge, fitted kitchen & bathroom. +
  • Secure allocated parking space, useful storage area. +
  • lift access, communal gardens, caretaker. +
  • share of freehold, long lease, reasonable service charges. +
  • Central location, yards from shops, bars, restaurants & Leigh station. +
  • Ideal first purchase, downsizing option of long term buy to let opportunity. +
  • Realistically priced for a quick sale, no onward chain. +

Scott & Stapleton are privileged with instructions to offer for sale this 8th floor purpose built apartment benefitting from fabulous 180 degree views towards Shoeburyness, the Thames estuary, Two Tree Island and even as far as Canary Wharf.

This apartment is need of some modernisation but offers good size accommodation including a spacious, double aspect lounge with separate kitchen, 2 double bedrooms & fitted bathroom with separate shower.

There are also the added attractions of secure off street parking, a useful large lockable storage room, 2 lifts, caretaker & large communal gardens.

Ideally located in central Leigh on Sea, local amenities are on the doorstep including library, parks, shops, bars & restaurants whilst Leigh station & seafront are both within a short walk.

Offered with vacant possession & no onward chain this is an opportunity to purchase a reasonably priced flat with glorious estuary views. An early internal inspection is strongly advised.

Accommodation Comprises - Communal entrance with lift & stairs to all floors. Personal door leading to entrance hall.

Hallway - Large L shaped hallway with huge walk in storage cupboard plus further airing cupboard housing hot water tank. Electric storage heater, intercom system. Doors to all rooms.

Lounge/Diner - 4.70m x 3.56m (15'5 x 11'8) - Bright, double aspect room with fabulous views over Leigh on Sea & towards the Thames estuary. Large UPVC double glazed windows to rear & side. Electric storage heater. Door to kitchen.

Kitchen - 2.87m x 2.59m (9'5 x 8'6) - Large UPVC double glazed window to side with superb views. Range of base & eye level units with drawers over base units, integrated electric oven, separate electric hob with extractor over. Spaces for fridge/freezer & washing machine. Roll edge worktops with inset stainless steel one and a quarter bowl sink unit with mixer tap, tiled splashbacks.

Bedroom 1 - 3.51m x 3.12m (11'6 x 10'3) - UPVC double glazed window to rear with stunning views. Electric storage heater.

Bedroom 2 - 3.40m x 2.06m (11'2 x 6'9) - UPVC double glazed window to rear with fabulous views. Built in wardrobe, electric heater.

Bathroom - 2.31m x 2.31m (7'7 x 7'7) - 4 piece suite comprising of panelled bath, low level WC, pedestal wash hand basin & separate shower cubicle. Part tiled walls.

Externally - The property benefits from a secure, covered allocated parking space to the rear.
There is also a allocated storage area ideal for Christmas decorations, suitcases, etc.
There is a large paved communal gardens to the rear & an on site care taker.

Lease Details - SHARE OF FREEHOLD
The lease has approx 176 years remaining
Service charge: £500 per quarter inc building insurance, water, sewerage, cleaning of common areas and rubbish management.

Agent Details

Scott & Stapleton, Leigh-on-Sea

01702 471155

Next Steps?

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