2 Bed Flat, Cash/Bridging Only, Southend-on-Sea, SS2 6DS, £172,000

The Pinnacle , Southend-On-Sea, SS2 6DS - 4 months ago

Leasehold
Cash
ROI: 5%
~68 m²
+11 photos

ValuationUndervalued

Sold Prices£75K - £285K
Sold Prices/m²£2.1K/m² - £5.4K/m²

 

 

Square Metres

~67.50 m²
Price/m²£2.5K/m²

Value Estimate

£177,160
BMV3%

 

 

End Value (After Refurb)

£222,704

Uplift in Value

+29%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£43,000

Stamp Duty & Legal Fees

£9,800

Refurb Costs

£32,506

Bridging Loan Interest

£4,515

Total Cash In

£91,571

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£222,704

Mortgage (After Refinance)

£167,028

Mortgage LTV

75%

Cash Released

£38,028

Cash Left In

£53,543

Equity

£55,676

Rent Range

£1,000 - £1,700

Rent Estimate

£1,379

Running Costs/mo

£992

Cashflow/mo

£387

Cashflow/yr

£4,647

ROI

5%

Gross Yield

10%

Local Sold Prices

50 sold prices from £75K to £285K, average is £206.5K. £2.1K/m² to £5.4K/m², average is £3.2K/m².

PriceDateDistanceAddressBeds 
£265K12/230.18 mi57, Boston Avenue, Southend-on-sea SS2 6JH2
£235K03/230.18 mi49a, Boston Avenue, Southend-on-sea SS2 6JH2
£145K07/210.19 mi24, Tunbridge Road, Southend-on-sea SS2 6LT2
£220K12/230.19 mi24a, Tunbridge Road, Southend-on-sea SS2 6LT2
£180K11/210.34 mi83b, Princes Street, Southend-on-sea SS1 1PT2
£75K04/210.34 miFlat 27, Martins Court, Stadium Road, Southend-on-sea SS2 5DH2
£190K12/200.37 mi19, Rayleigh Avenue, Westcliff-on-sea, Southend-on-sea SS0 7DS2
£165K10/230.37 mi7a, Rayleigh Avenue, Westcliff-on-sea, Southend-on-sea SS0 7DS2
£180K08/230.42 mi32b, Elmer Avenue, Southend-on-sea SS1 1NB2
£220K03/230.42 mi126, East Street, Southend-on-sea SS2 5EE2
£187.5K07/210.42 mi15, Napier Avenue, Southend-on-sea SS1 1LY2
£150K06/210.43 mi7, Balmoral Road, Westcliff-on-sea, Southend-on-sea SS0 7DG2
£235K10/230.43 mi10, Ashburnham Road, Southend-on-sea SS1 1QD2
£240K09/210.43 mi55, Shakespeare Drive, Westcliff-on-sea, Southend-on-sea SS0 9AA2
£200K11/210.45 mi259, Hamlet Court Road, Westcliff-on-sea, Southend-on-sea SS0 7DD2
£248K08/230.48 mi180, East Street, Southend-on-sea SS2 5EA2
£166.5K11/200.48 miFlat 14, Napier Court West, Gordon Place, Southend-on-sea SS1 1NH2
£135K11/230.49 mi1, Burdett Avenue, Westcliff-on-sea, Southend-on-sea SS0 7JN2
£185K02/210.49 mi30, Hamlet Road, Southend-on-sea SS1 1HJ2
£177K07/210.5 mi30a, Westborough Road, Westcliff-on-sea, Southend-on-sea SS0 9DP2
£235K01/210.51 mi2a, Dryden Avenue, Southend-on-sea SS2 5EU2
£200K06/210.51 mi8, Claremont Road, Westcliff-on-sea, Southend-on-sea SS0 7DZ2
£140.5K03/210.52 mi40, Sutton Road, Southend-on-sea SS2 5EW2
£210K09/210.52 mi41, Central Avenue, Southend-on-sea SS2 5HR2
£184.5K10/210.52 mi46, Burdett Avenue, Westcliff-on-sea, Southend-on-sea SS0 7JW2
£150K12/200.52 mi82, Burdett Avenue, Westcliff-on-sea, Southend-on-sea SS0 7JW2
£235K11/200.52 mi16, St Johns Road, Westcliff-on-sea, Southend-on-sea SS0 7JZ2
£200K09/210.53 mi70a, South Avenue, Southend-on-sea SS2 5JB2
£220K02/230.54 mi485a, Sutton Road, Southend-on-sea SS2 5PL2
£210K08/230.54 mi473b, Sutton Road, Southend-on-sea SS2 5PL2
£202.5K02/210.54 mi29, South Avenue, Southend-on-sea SS2 5JA2
£220K10/230.54 miGround Floor Flat, 28, Whitegate Road, Southend-on-sea SS1 2LQ2
£218K11/210.54 mi96a, Ennismore Gardens, Southend-on-sea SS2 5RB2
£210K12/200.54 mi96, Ennismore Gardens, Southend-on-sea SS2 5RB2
£237.5K05/230.54 mi108a, Ennismore Gardens, Southend-on-sea SS2 5RB2
£200K09/210.54 mi43a, Swanage Road, Southend-on-sea SS2 5HX2
£225K06/210.54 mi2, Burdett Avenue, Westcliff-on-sea, Southend-on-sea SS0 7JW2
£205K04/210.58 mi64, Westborough Road, Westcliff-on-sea, Southend-on-sea SS0 9DL2
£244K06/210.58 miGround Floor Flat, 86, St Helens Road, Westcliff-on-sea, Southend-on-sea SS0 7LE2
£220K01/210.58 mi92, St Helens Road, Westcliff-on-sea, Southend-on-sea SS0 7LE2
£285K03/210.59 mi23b, Cambridge Road, Southend-on-sea SS1 1ET2
£200K09/210.59 mi70a, South Avenue, Southend-on-sea SS2 5JB2
£130K08/230.59 mi75a, Tyrrel Drive, Southend-on-sea SS1 2LN2
£193K12/230.59 mi6, Tyrrel Drive, Southend-on-sea SS1 2LN2
£210K10/200.59 mi8a, Tyrrel Drive, Southend-on-sea SS1 2LN2
£200K11/210.6 mi12, Hermitage Road, Westcliff-on-sea, Southend-on-sea SS0 7NQ2
£245K05/230.62 mi11a, Shakespeare Avenue, Westcliff-on-sea, Southend-on-sea SS0 0ST2
£208K03/230.63 mi158, Glenwood Avenue, Westcliff-on-sea, Southend-on-sea SS0 9DT2
£250K09/210.65 mi50, Cossington Road, Westcliff-on-sea, Southend-on-sea SS0 7NG2
£240.5K04/210.66 mi68a, Valkyrie Road, Westcliff-on-sea, Southend-on-sea SS0 8AP2

Local Rents

38 rents from £1K/mo to £1.7K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,12509/240 miThe Pinnacle , Southend-On-Sea2
£1,17502/250 miThe Pinnacle , 59 Victoria Avenue 2
£1,35011/240.01 mi-2
£1,50004/250.01 mi-2
£1,35002/250.01 mi-2
£1,35003/250.01 mi-2
£1,40009/240.02 mi-2
£1,55003/250.02 mi-2
£1,32509/240.02 miThe Avenue, Southend-on-sea, Essex2
£1,32503/240.02 miThe Avenue, Southend-on-sea, Essex2
£1,40009/240.04 miVictoria Avenue, Southend-on-Sea2
£1,35003/240.04 miBeaumont Court2
£1,25003/240.04 miBeaumont Court, Southend-On-Sea2
£1,35009/240.04 miVictoria Avenue, SOUTHEND-ON-SEA2
£1,45009/240.04 miVictoria Avenue, SOUTHEND-ON-SEA2
£1,40009/240.04 mi2 bedroom 1st Floor Flat in Southend on Sea2
£1,45009/240.04 miVictoria Avenue, SOUTHEND-ON-SEA2
£1,35009/240.04 miBeaumont Court, Victoria Avenue2
£1,35009/240.04 miBeaumont Court, Victoria Avenue, Southend on Sea2
£1,45009/240.04 miVictoria Avenue, SOUTHEND-ON-SEA2
£1,40009/240.04 miVictoria Avenue, Southend-on-Sea2
£1,50010/240.04 mi-2
£1,65002/250.04 mi-2
£1,45011/230.04 mi-2
£1,27509/240.05 miBeaumont Court, - Victoria Avenue, Southend-On-Sea2
£1,25009/240.08 mi-2
£1,25008/240.08 mi-2
£1,25009/240.08 mi-2
£1,30011/240.08 mi-2
£1,35009/240.13 miSweyne Avenue, Southend On Sea2
£1,00004/250.14 mi-2
£1,70009/240.14 mi-2
£1,40009/240.15 miVictoria Avenue, Southend on Sea, SS22
£1,28001/250.15 mi-2
£1,50004/250.17 mi-2
£1,35002/250.17 mi-2
£1,45009/240.21 mi-2
£1,10009/240.27 miLondon Road, Westcliff-On-Sea2

Local Area Statistics

Population in SS2

36,418

Population in Southend-on-Sea

106,129

Town centre distance

0.68 miles away

Nearest school

0.10 miles away

Nearest train station

0.24 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+8%

Sales demand

Balanced market

Capital growth (5yrs)

+24%

Property History

Price changed to £172,000

February 20, 2025

Listed for £175,000

December 10, 2024

Floor Plans

Description

  • Cash buyers only +
  • Top-floor, two-bedroom apartment +
  • En-suite to master bedroom +
  • Modern open-plan kitchen/lounge +
  • Built-in wardrobes in both bedrooms +
  • Secure allocated parking space +
  • Concierge service (weekdays) +
  • Lift access and gated entry +
  • 2 minutes from Southend train station +
  • Walking distance to Southend City Centre +

PROPERTY DESCRIPTION Martin and Co are delighted to present this Top-floor, two-bedroom apartment in The Pinnacle, ideally located for investors or residential buyers. Cash buyers only, this property offers a modern, low-maintenance living experience in the heart of Southend-on-Sea. Perfectly positioned, it's just a 2-minute walk to Southend train station and within easy reach of Southend City Centre.

The apartment boasts two double bedrooms, one with an en-suite shower room, and a stylish modern bathroom. The open-plan living area includes a contemporary kitchen with built-in appliances, offering a bright and inviting space to relax or entertain. Each bedroom benefits from built-in wardrobes, while the property is fitted with modern electric heating and double glazing throughout.

Additional perks include secure gated parking with an allocated space, lift access, and a weekday concierge service. This makes it an ideal low-maintenance option for city living or a valuable investment opportunity in a sought-after development.

Leasehold Information:

Lease: 125 years from December 2017
Ground Rent: £100 per annum
Service Charge: £1,533.32 per annum
Council Tax Band: C
Don't miss the chance to secure this fantastic apartment. Arrange a viewing today!  

HALLWAY 20' 3" x 10' 5" (6.18m x 3.2m)  

OPEN PLAN KITCHEN/LOUNGE 19' 5" x 11' 6" (5.94m x 3.52m)  

MASTER BEDROOM 17' 8" x 10' 4" (5.41m x 3.17m)  

SECOND BEDROOM 11' 11" x 10' 3" (3.65m x 3.13m)  

ENSUITE 7' 0" x 6' 2" (2.15m x 1.89m)  

BATHROOM 7' 0" x 6' 2" (2.14m x 1.89m)

Agent Details

Martin & Co, Southend

01702 967310

Next Steps?

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