2 Bed Flat, Single Let, Canvey Island, SS8 7PF, £200,000

Dovercliff Road, Canvey Island, SS8 7PF - 4 months ago

Leasehold

BTL

ROI: 1%

~68 m²

+8 photos

ValuationUndervalued

Sold Prices	£155K - £590K
Sold Prices/m²	£2.5K/m² - £6.4K/m²

Square Metres	~68.11 m²
Price/m²	£2.9K/m²
Value Estimate	£242,000£242,000
BMV	21%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£50,000£50,000
Stamp Duty & Legal Fees	£11,200£11,200
Total Cash In	£61,200£61,200

Cash Out
Rent Range	£850 - £4,000£850 - £4,000
Rent Estimate	£888
Running Costs/mo	£823£823
Cashflow/mo	£65£65
Cashflow/yr	£785£785
ROI	1%1%
Gross Yield	5%5%

Local Sold Prices

51 sold prices from £155K to £590K, average is £230K. £2.5K/m² to £6.4K/m², average is £3.7K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£201K	06/21	0.97 mi	Flat 2, Crescent House, Mornington Crescent, Canvey Island, Essex SS8 8AS	-	-	2	Flat
£180K	06/21	0.97 mi	8, Goirle Avenue, Canvey Island, Essex SS8 8BJ	£3,273	55	2	Flat
£200K	03/21	0.99 mi	Flat 6, St James Court, Western Esplanade, Canvey Island, Essex SS8 0AY	-	-	2	Flat
£207.5K	11/20	0.99 mi	Flat 4, Cherry Court, Western Esplanade, Canvey Island, Essex SS8 0AY	-	-	2	Flat
£180K	01/21	0.99 mi	Flat 9, Cherry Court, Western Esplanade, Canvey Island, Essex SS8 0AY	£2,985	60	2	Flat
£235K	01/23	1.14 mi	4, Merlin Court, Canvey Island, Essex SS8 9ES	-	-	2	Flat
£162K	02/21	1.5 mi	106a, Hilton Road, Canvey Island, Essex SS8 9XG	£3,584	45	2	Flat
£213K	07/23	1.74 mi	Flat 8, Badgers Rise, Sanders Road, Canvey Island, Essex SS8 9UN	£3,179	67	2	Flat
£195K	05/24	1.79 mi	9, Ashworths, Canvey Island, Essex SS8 9RR	£3,176	61	2	Flat
£192K	05/22	1.98 mi	7, Church Parade, Canvey Island, Essex SS8 9RQ	£3,192	60	2	Flat
£170K	04/23	1.98 mi	31, Church Parade, Canvey Island, Essex SS8 9RQ	£2,742	62	2	Flat
£155K	09/23	1.99 mi	399a, Long Road, Canvey Island, Essex SS8 0JH	-	-	2	Flat
£180K	09/21	2 mi	33, Church Parade, Canvey Island, Essex SS8 9RQ	£3,849	47	2	Flat
£265K	08/21	2.19 mi	16, Tudor Road, Canvey Island, Essex SS8 0ND	£5,000	53	2	Flat
£258K	03/21	2.33 mi	39, Limburg Road, Canvey Island, Essex SS8 0QH	-	-	2	Flat
£368K	02/21	2.35 mi	170a, Western Road, Leigh-on-sea, Southend-on-sea SS9 2PL	£4,044	91	2	Flat
£425K	09/21	2.39 mi	34a, Marine Parade, Leigh-on-sea, Southend-on-sea SS9 2NB	£5,822	73	2	Flat
£270K	10/20	2.43 mi	30, Laurel Close, Leigh-on-sea, Southend-on-sea SS9 2EE	£4,091	66	2	Flat
£225K	01/21	2.44 mi	53, Castle Lane, Benfleet, Essex SS7 2AL	£4,787	47	2	Flat
£195K	11/20	2.45 mi	1480a, London Road, Leigh-on-sea, Southend-on-sea SS9 2UR	£2,708	72	2	Flat
£275K	12/20	2.45 mi	1486a, London Road, Leigh-on-sea, Southend-on-sea SS9 2UR	£3,667	75	2	Flat
£275K	05/21	2.45 mi	1486c, London Road, Leigh-on-sea, Southend-on-sea SS9 2UR	£3,716	74	2	Flat
£220K	09/21	2.45 mi	1480c, London Road, Leigh-on-sea, Southend-on-sea SS9 2UR	£2,472	89	2	Flat
£590K	04/21	2.47 mi	7, Leigh Hill, Leigh-on-sea, Southend-on-sea SS9 2DR	£4,720	125	2	Flat
£590K	04/21	2.47 mi	7, Leigh Hill, Leigh-on-sea, Southend-on-sea SS9 2DR	£4,720	125	2	Flat
£186.5K	01/21	2.48 mi	623a, London Road, Hadleigh, Benfleet, Essex SS7 2EB	£3,008	62	2	Flat
£170K	01/23	2.48 mi	585, London Road, Hadleigh, Benfleet, Essex SS7 2EB	£2,698	63	2	Flat
£257.5K	08/23	2.48 mi	623, London Road, Hadleigh, Benfleet, Essex SS7 2EB	£4,364	59	2	Flat
£240K	06/21	2.49 mi	Flat 4, Everglades, London Road, Hadleigh, Benfleet, Essex SS7 2ED	-	-	2	Flat
£230K	05/21	2.52 mi	98, Herschell Road, Leigh-on-sea, Southend-on-sea SS9 2PU	£3,710	62	2	Flat
£364K	01/21	2.52 mi	88, Grange Road, Leigh-on-sea, Southend-on-sea SS9 2HT	£6,386	57	2	Flat
£237.5K	01/23	2.53 mi	Flat 69, Wilkinson Drop, Oak Road South, Benfleet, Essex SS7 2BG	-	-	2	Flat
£199.9K	06/21	2.54 mi	Apartment 20, Aragon Court, Church Road, Hadleigh, Benfleet, Essex SS7 2GB	-	-	2	Flat
£207.5K	02/21	2.54 mi	Flat 77, St Clements Court East, Broadway West, Leigh-on-sea, Southend-on-sea SS9 2BS	-	-	2	Flat
£268K	02/21	2.54 mi	Flat 91, St Clements Court East, Broadway West, Leigh-on-sea, Southend-on-sea SS9 2BS	-	-	2	Flat
£255K	03/23	2.54 mi	Flat 89, St Clements Court East, Broadway West, Leigh-on-sea, Southend-on-sea SS9 2BS	-	-	2	Flat
£215K	09/23	2.54 mi	Flat 85, St Clements Court East, Broadway West, Leigh-on-sea, Southend-on-sea SS9 2BS	-	-	2	Flat
£190K	03/21	2.54 mi	Flat 3, Castle Court, Castle Lane, Benfleet, Essex SS7 2AE	-	-	2	Flat
£280K	12/22	2.55 mi	Flat 86, St Clements Court East, Broadway West, Leigh-on-sea, Southend-on-sea SS9 2BS	-	-	2	Flat
£205K	04/21	2.55 mi	Flat 53, Wilkinson Drop, Oak Road South, Benfleet, Essex SS7 2BG	-	-	2	Flat
£230K	07/23	2.55 mi	Flat 43, Wilkinson Drop, Oak Road South, Benfleet, Essex SS7 2BG	-	-	2	Flat
£222K	10/23	2.55 mi	Flat 48, Wilkinson Drop, Oak Road South, Benfleet, Essex SS7 2BG	£3,828	58	2	Flat
£238K	10/23	2.55 mi	Wilkinson Drop, Flat 27, Oak Road South, Benfleet, Essex SS7 2BG	£3,132	76	2	Flat
£240K	11/22	2.55 mi	Flat 55, Wilkinson Drop, Oak Road South, Benfleet, Essex SS7 2BG	-	-	2	Flat
£238.5K	05/21	2.56 mi	Flat 3, Steeple Gate, Castle Lane, Benfleet, Essex SS7 2AF	-	-	2	Flat
£237.5K	10/23	2.56 mi	Flat 4, Steeple Gate, Castle Lane, Benfleet, Essex SS7 2AF	-	-	2	Flat
£220K	02/21	2.56 mi	1593a, London Road, Leigh-on-sea, Southend-on-sea SS9 2SG	£3,548	62	2	Flat
£185K	01/21	2.57 mi	Flat 1, Everglades, London Road, Hadleigh, Benfleet, Essex SS7 2ED	-	-	2	Flat
£301K	06/23	2.62 mi	24, Southsea Avenue, Leigh-on-sea, Southend-on-sea SS9 2AX	-	-	2	Flat
£265K	07/23	2.62 mi	46, Southsea Avenue, Leigh-on-sea, Southend-on-sea SS9 2AX	£5,096	52	2	Flat
£265K	07/23	2.62 mi	46, Southsea Avenue, Leigh-on-sea, Southend-on-sea SS9 2AX	£5,096	52	2	Flat

Local Rents

50 rents from £850/mo to £4K/mo, average is £1.5K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,600	09/24	0.13 mi	South Parade, Canvey Island	3	Detached House
£1,500	09/24	0.24 mi	-	3	Terraced House
£1,500	09/24	0.34 mi	-	3	Detached House
£1,600	01/25	0.34 mi	-	3	Detached House
£1,100	09/24	0.39 mi	16 Beck	2	Flat
£1,200	09/24	0.39 mi	San Remo Road, Canvey Island, Essex	3	Flat
£1,350	02/24	0.49 mi	-	3	Flat
£1,200	09/24	0.57 mi	Normans Road, Canvey Island	2	Flat
£1,150	09/24	0.71 mi	Beach Heights Apartments	2	Flat
£1,650	03/25	0.73 mi	-	3	Bungalow
£1,000	03/25	0.76 mi	-	1	Flat
£1,280	09/24	0.78 mi	-	2	Flat
£975	10/23	0.78 mi	-	1	Flat
£1,050	04/25	0.78 mi	-	1	Flat
£850	09/24	0.81 mi	33 Venables Court	1	Flat
£4,000	03/25	0.82 mi	-	4	Detached House
£850	09/24	0.92 mi	Newlands Road, Canvey Island, Essex	1	Flat
£2,050	09/24	0.97 mi	-	4	Detached House
£1,500	09/24	0.99 mi	Thames Court, Western Esplanade, Canvey Island, Essex	1	Flat
£1,450	12/24	1.19 mi	-	2	Bungalow
£1,900	04/25	1.23 mi	-	3	Detached House
£2,650	01/25	1.23 mi	-	5	Terraced House
£1,300	09/24	1.33 mi	Stanford Road, Canvey Island	3	Flat
£1,200	03/25	1.35 mi	-	2	Bungalow
£1,700	01/25	1.38 mi	-	3	Semi-Detached House
£1,250	04/25	1.53 mi	-	2	Bungalow
£1,400	01/25	1.58 mi	-	3	Terraced House
£1,775	02/25	1.58 mi	-	3	Semi-Detached House
£2,400	03/25	1.6 mi	-	4	Detached House
£2,375	04/25	1.62 mi	-	4	Detached House
£2,750	04/25	1.65 mi	-	4	Detached House
£2,800	04/25	1.67 mi	-	4	Detached House
£2,900	04/25	1.68 mi	-	5	Detached House
£2,350	03/25	1.69 mi	-	4	Detached House
£850	01/25	1.74 mi	-	1	Flat
£3,400	04/25	1.75 mi	-	5	Detached House
£2,000	09/24	1.75 mi	Hawkesbury Road, Canvey Island	3	Flat
£950	09/24	1.79 mi	Cherry Court,Canvey Island,Essex	1	Flat
£1,525	12/24	1.81 mi	-	4	Semi-Detached House
£1,395	09/24	1.83 mi	-	3	Terraced House
£3,000	04/25	1.83 mi	-	4	Detached House
£1,075	01/25	1.84 mi	-	2	Flat
£1,500	03/25	1.89 mi	-	4	Terraced House
£3,400	04/25	1.89 mi	-	6	Detached House
£1,350	09/24	1.92 mi	Central Avenue, Canvey Island	2	Flat
£1,550	04/25	1.97 mi	-	3	Semi-Detached House
£3,100	02/25	1.97 mi	-	4	Detached House
£3,200	12/24	2.01 mi	-	6	Semi-Detached House
£1,350	09/24	2.05 mi	3 bedroom Terraced House in Canvey Island	3	Terraced House
£2,000	09/24	2.07 mi	-	4	Terraced House

Local Area Statistics

Population in SS8	38,13438,134
Population in Canvey Island	38,13838,138
Town centre distance	1.24 miles away1.24 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	2.17 miles away2.17 miles away

Rental growth (12m)	+72%+72%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+21%+21%

Property History

Price changed to £200,000

March 4, 2025

Listed for £210,000

December 19, 2024

Floor Plans

Description

Ground Floor Flat +
Two Bedrooms +
Modern Fitted Kitchen +
Great Condition +
No Onward Chain +
Short Walk To Beach +
90 years remaining on the lease 2024 +

Guide Price £200,000 - £210,000. Situated in a sought after location by the beach is this Purpose Built flat. The property has two bedrooms, modern fitted kitchen, bathroom ground floor and has an outside storage cupboard. Within close proximity to local amenities, schools bus routes and a short walk to the beach. The seller is offering this with no onward chain so please contact the office to book your viewing.

Agent Details

haart, covering Benfleet

01268 203492

Next Steps?

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

Similar Properties

Like this property? Maybe you'll like these ones close by too.

Sold STC

4 Bed House, Single Let, Canvey Island, SS8 7DX

£525,000

a month ago • 129 m²

3 Bed Bungalow, Single Let, Canvey Island, SS8 7PE

£400,000

9 months ago • 93 m²

2 Bed Bungalow, Single Let, Canvey Island, SS8 7LZ

£265,000

1 views • 2 months ago • 39 m²

3 Bed Bungalow, Single Let, Canvey Island, SS8 7NA

£350,000

1 views • a month ago • 93 m²