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2 Bed Flat, Single Let, Southend-on-Sea, SS2 5DZ, £190,000

Kenway, Southend-On-Sea, SS2 5DZ - 2 views - 4 months ago

Leasehold
BTL
ROI: 6%
~68 m²
+3 photos

ValuationUndervalued

Sold Prices£75K - £440K
Sold Prices/m²£2.3K/m² - £5.4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.8K/m²

Value Estimate

£219,095
BMV15%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£47,500

Stamp Duty & Legal Fees

£10,700

Total Cash In

£58,200

 

 

Cash Out

 

Rent Range

£995 - £1,650

Rent Estimate

£1,131

Running Costs/mo

£840

Cashflow/mo

£291

Cashflow/yr

£3,493

ROI

6%

Gross Yield

7%

Local Sold Prices

51 sold prices from £75K to £440K, average is £200K. £2.3K/m² to £5.4K/m², average is £3.2K/m².

PriceDateDistanceAddressBeds 
£220K03/230.1 mi126, East Street, Southend-on-sea SS2 5EE2
£248K08/230.14 mi180, East Street, Southend-on-sea SS2 5EA2
£220K02/230.19 mi485a, Sutton Road, Southend-on-sea SS2 5PL2
£210K08/230.19 mi473b, Sutton Road, Southend-on-sea SS2 5PL2
£145K07/210.2 mi24, Tunbridge Road, Southend-on-sea SS2 6LT2
£220K12/230.2 mi24a, Tunbridge Road, Southend-on-sea SS2 6LT2
£210K12/200.24 mi96, Ennismore Gardens, Southend-on-sea SS2 5RB2
£218K11/210.24 mi96a, Ennismore Gardens, Southend-on-sea SS2 5RB2
£237.5K05/230.24 mi108a, Ennismore Gardens, Southend-on-sea SS2 5RB2
£75K04/210.25 miFlat 27, Martins Court, Stadium Road, Southend-on-sea SS2 5DH2
£235K01/210.35 mi2a, Dryden Avenue, Southend-on-sea SS2 5EU2
£210K09/210.42 mi41, Central Avenue, Southend-on-sea SS2 5HR2
£202.5K02/210.47 mi29, South Avenue, Southend-on-sea SS2 5JA2
£200K09/210.48 mi70a, South Avenue, Southend-on-sea SS2 5JB2
£200K09/210.5 mi43a, Swanage Road, Southend-on-sea SS2 5HX2
£200K09/210.51 mi70a, South Avenue, Southend-on-sea SS2 5JB2
£275K12/220.51 mi339, Bournemouth Park Road, Southend-on-sea SS2 5LQ2
£235K03/230.52 mi49a, Boston Avenue, Southend-on-sea SS2 6JH2
£265K12/230.52 mi57, Boston Avenue, Southend-on-sea SS2 6JH2
£240K09/210.53 mi55, Shakespeare Drive, Westcliff-on-sea, Southend-on-sea SS0 9AA2
£140.5K03/210.55 mi40, Sutton Road, Southend-on-sea SS2 5EW2
£190K12/200.61 mi19, Rayleigh Avenue, Westcliff-on-sea, Southend-on-sea SS0 7DS2
£165K10/230.62 mi7a, Rayleigh Avenue, Westcliff-on-sea, Southend-on-sea SS0 7DS2
£200K02/210.67 mi69a, Wimborne Road, Southend-on-sea SS2 4JR2
£245K05/230.68 mi11a, Shakespeare Avenue, Westcliff-on-sea, Southend-on-sea SS0 0ST2
£180K11/210.68 mi83b, Princes Street, Southend-on-sea SS1 1PT2
£180K08/230.7 mi32b, Elmer Avenue, Southend-on-sea SS1 1NB2
£177K07/210.7 mi30a, Westborough Road, Westcliff-on-sea, Southend-on-sea SS0 9DP2
£200K03/210.7 mi78, Boscombe Road, Southend-on-sea SS2 4JP2
£180K05/210.7 mi101a, Boscombe Road, Southend-on-sea SS2 4JP2
£130K08/230.71 mi75a, Tyrrel Drive, Southend-on-sea SS1 2LN2
£193K12/230.71 mi6, Tyrrel Drive, Southend-on-sea SS1 2LN2
£187.5K07/210.71 mi15, Napier Avenue, Southend-on-sea SS1 1LY2
£200K11/210.72 mi259, Hamlet Court Road, Westcliff-on-sea, Southend-on-sea SS0 7DD2
£220K10/230.74 miGround Floor Flat, 28, Whitegate Road, Southend-on-sea SS1 2LQ2
£235K10/230.74 mi10, Ashburnham Road, Southend-on-sea SS1 1QD2
£440K12/200.74 mi1, Beeleigh Close, Southend-on-sea SS2 6PA2
£210K12/230.76 mi9a, Lancaster Gardens, Southend-on-sea SS1 2NS2
£150K06/210.76 mi7, Balmoral Road, Westcliff-on-sea, Southend-on-sea SS0 7DG2
£205K04/210.77 mi64, Westborough Road, Westcliff-on-sea, Southend-on-sea SS0 9DL2
£213K12/230.77 mi194, Fairfax Drive, Westcliff-on-sea, Southend-on-sea SS0 9BG2
£208K03/230.77 mi158, Glenwood Avenue, Westcliff-on-sea, Southend-on-sea SS0 9DT2
£177K03/210.77 mi11a, Oban Road, Southend-on-sea SS2 4JJ2
£177K03/210.77 mi11a, Oban Road, Southend-on-sea SS2 4JJ2
£166.5K11/200.78 miFlat 14, Napier Court West, Gordon Place, Southend-on-sea SS1 1NH2
£200K06/210.78 mi31a, Christchurch Road, Southend-on-sea SS2 4JS2
£200K06/210.79 mi8, Claremont Road, Westcliff-on-sea, Southend-on-sea SS0 7DZ2
£185K02/210.8 mi30, Hamlet Road, Southend-on-sea SS1 1HJ2
£198K04/210.8 mi40a, Westbury Road, Southend-on-sea SS2 4DP2
£210K12/200.81 mi107, Rylands Road, Southend-on-sea SS2 4LL2
£209K12/200.81 mi262, Central Avenue, Southend-on-sea SS2 4EE2

Local Rents

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

RentDateDistanceAddressBeds 
£99503/240.03 miKenway, Southend-On-Sea, Essex, SS22
£1,00003/240.03 miVantage Court, Kenway Southend-on-Sea2
£1,29502/240.11 mi-2
£1,25008/240.11 mi-2
£1,25008/240.11 mi-2
£1,05001/250.16 mi-2
£1,35004/250.18 mi-2
£1,30003/250.19 mi-2
£1,25009/240.31 mi-2
£1,25009/240.31 mi-2
£1,25008/240.31 mi-2
£1,45011/230.33 mi-2
£1,35011/240.33 mi-2
£1,50004/250.33 mi-2
£1,35002/250.33 mi-2
£1,35003/250.33 mi-2
£1,27509/240.34 miBeaumont Court, - Victoria Avenue, Southend-On-Sea2
£1,50010/240.34 mi-2
£1,65002/250.34 mi-2
£1,35009/240.34 miBeaumont Court, Victoria Avenue, Southend on Sea2
£1,45009/240.34 miVictoria Avenue, SOUTHEND-ON-SEA2
£1,35009/240.34 miBeaumont Court, Victoria Avenue2
£1,45009/240.34 miVictoria Avenue, SOUTHEND-ON-SEA2
£1,40009/240.34 miVictoria Avenue, Southend-on-Sea2
£1,40009/240.34 miVictoria Avenue, Southend-on-Sea2
£1,40009/240.34 mi2 bedroom 1st Floor Flat in Southend on Sea2
£1,45009/240.34 miVictoria Avenue, SOUTHEND-ON-SEA2
£1,35009/240.34 miVictoria Avenue, SOUTHEND-ON-SEA2
£1,35003/240.34 miBeaumont Court2
£1,25003/240.34 miBeaumont Court, Southend-On-Sea2
£1,40009/240.35 mi-2
£1,55003/250.35 mi-2
£1,12509/240.35 miThe Pinnacle , Southend-On-Sea2
£1,17502/250.35 miThe Pinnacle , 59 Victoria Avenue 2
£1,32509/240.35 miThe Avenue, Southend-on-sea, Essex2
£1,32503/240.35 miThe Avenue, Southend-on-sea, Essex2

Links

Local Area Statistics

Population in SS2

36,418

Population in Southend-on-Sea

106,129

Town centre distance

0.39 miles away

Nearest school

0.10 miles away

Nearest train station

0.18 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+8%

Sales demand

Balanced market

Capital growth (5yrs)

+24%

Property History

Price changed to £190,000

February 12, 2025

Price changed to £200,000

January 23, 2025

Listed for £210,000

December 16, 2024

Floor Plans

Description

  • Peppercorn Ground Rent +
  • New 125 year Lease +
  • Prittlewell Station 0.01miles +
  • Electric Heating +
  • Double Glazing +
  • Allocated Off Street Parking +
  • Modern Purpose Built Apartment +
  • Requires Redecoration +
  • Communal Terrace Area +
  • Chain Free +

New Lease This spacious two bedroom is in a popular location in the Kenway development. Located in the rarely available Optical Court, this flat is just 2 minutes walk to Prittlewell Station. Entering though the front door to the hallway on you left is a large master bedroom with fitted wardrobes further down the hallway there is another double second bedroom. On the right is a modern three piece bathroom with shower over and to the front of the flat is the large lounge/kitchen. The flat also benefits from a communal terrace area and allocated off street parking. Offered vacant and chain free this property is a must see, please note some redecoration required. Contact us today to arrange a viewing.

Agent Details

Crowstone Estates, Westcliff-On-Sea

01702 967658

Next Steps?

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

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