3 Bed Semi-Detached House, Refurb/BRRR, Southend-on-Sea, SS2 4PB, £325,000

Ilfracombe Road, Southend-On-Sea, Essex, SS2 4PB - 3 views - 4 months ago

Sold STC
Refurb/BRRR
ROI: 2%
~93 m²
+15 photos

ValuationOvervalued

Sold Prices£195K - £440K
Sold Prices/m²£2.2K/m² - £6.4K/m²

 

 

Square Metres

~93 m²
Price/m²£3.5K/m²

Value Estimate

£313,458

 

 

End Value (After Refurb)

£325,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£81,250

Stamp Duty & Legal Fees

£14,700

Refurb Costs

£44,786

Bridging Loan Interest

£8,531

Total Cash In

£151,017

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£325,000

Mortgage (After Refinance)

£243,750

Mortgage LTV

75%

Cash Left In

£151,017

Equity

£81,250

Rent Range

£1,275 - £2,200

Rent Estimate

£1,655

Running Costs/mo

£1,367

Cashflow/mo

£288

Cashflow/yr

£3,461

ROI

2%

Gross Yield

6%

Local Sold Prices

52 sold prices from £195K to £440K, average is £325K. £2.2K/m² to £6.4K/m², average is £3.5K/m².

PriceDateDistanceAddressBeds 
£370K03/210.03 mi35, Ilfracombe Road, Southend-on-sea SS2 4PA3
£432K04/230.03 mi7, Ilfracombe Road, Southend-on-sea SS2 4PA3
£440K10/230.06 mi36, Lovelace Gardens, Southend-on-sea SS2 4NU3
£410K01/210.09 mi81, Ilfracombe Road, Southend-on-sea SS2 4PA3
£305K12/200.09 mi35, Bellevue Road, Southend-on-sea SS2 4JE3
£345K03/230.1 mi35, Surbiton Road, Southend-on-sea SS2 4NR3
£365K12/220.1 mi43, Surbiton Road, Southend-on-sea SS2 4NR3
£325K07/230.11 mi131, Stornoway Road, Southend-on-sea SS2 4NX3
£325K07/230.11 mi131, Stornoway Road, Southend-on-sea SS2 4NX3
£332.5K09/220.12 mi1, Stromness Place, Southend-on-sea SS2 4JH3
£328K05/230.13 mi60, Surbiton Road, Southend-on-sea SS2 4NS3
£325K06/230.13 mi34, Trinity Road, Southend-on-sea SS2 4HJ3
£315K06/210.13 mi68, Trinity Road, Southend-on-sea SS2 4HJ3
£280K06/230.14 mi69, Stornoway Road, Southend-on-sea SS2 4NZ3
£245K06/230.14 mi7, Richmond Street, Southend-on-sea SS2 4NW3
£284.5K03/240.14 mi49, Richmond Street, Southend-on-sea SS2 4NW3
£284.5K03/240.14 mi49, Richmond Street, Southend-on-sea SS2 4NW3
£335K12/220.15 mi41, Richmond Street, Southend-on-sea SS2 4NW3
£308.8K05/230.16 mi68, Oban Road, Southend-on-sea SS2 4JL3
£334K02/240.16 mi12, Oban Road, Southend-on-sea SS2 4JL3
£335K01/230.16 mi50, Richmond Street, Southend-on-sea SS2 4NP3
£195K12/200.18 mi83, Moseley Street, Southend-on-sea SS2 4NL3
£280K03/210.18 mi79, Moseley Street, Southend-on-sea SS2 4NL3
£292K08/210.18 mi7, Moseley Street, Southend-on-sea SS2 4NL3
£355K12/220.18 mi63, Moseley Street, Southend-on-sea SS2 4NL3
£275K02/230.18 mi19, Trinity Road, Southend-on-sea SS2 4HL3
£220K01/210.19 mi23, Oban Road, Southend-on-sea SS2 4JJ3
£355K06/230.19 mi13, Oban Road, Southend-on-sea SS2 4JJ3
£407.5K04/210.19 mi305, South Avenue, Southend-on-sea SS2 4HS3
£350.5K09/230.19 mi295, South Avenue, Southend-on-sea SS2 4HS3
£350K12/230.19 mi264, South Avenue, Southend-on-sea SS2 4HS3
£253.5K06/210.21 mi20, Glenmore Street, Southend-on-sea SS2 4NG3
£341.5K03/230.21 mi4, Belle Vue Place, Southend-on-sea SS1 2RA3
£320K09/230.21 mi225, Stornoway Road, Southend-on-sea SS2 4NJ3
£366K01/230.21 mi31, Westbury Road, Southend-on-sea SS2 4DW3
£378K09/220.22 mi39, Riviera Drive, Southend-on-sea SS1 2QT3
£312.5K03/210.22 mi32, Surbiton Avenue, Southend-on-sea SS1 2QS3
£415K07/230.22 mi32, Surbiton Avenue, Southend-on-sea SS1 2QS3
£310K07/230.22 mi30, Christchurch Road, Southend-on-sea SS2 4JS3
£317.5K11/200.22 mi64, Westbury Road, Southend-on-sea SS2 4DP3
£285K01/210.22 mi2, Westbury Road, Southend-on-sea SS2 4DP3
£320K03/210.22 mi86, Christchurch Road, Southend-on-sea SS2 4JN3
£240K12/200.23 mi61, Beaufort Street, Southend-on-sea SS2 4NQ3
£275K06/210.23 mi27, Beaufort Street, Southend-on-sea SS2 4NQ3
£365K05/210.23 mi33, Westbury Road, Southend-on-sea SS2 4DW3
£283K11/220.23 mi8, Oakleigh Avenue, Southend-on-sea SS1 2QR3
£260K11/210.24 mi237, South Avenue, Southend-on-sea SS2 4HT3
£370K11/230.24 mi190, South Avenue, Southend-on-sea SS2 4HT3
£360K08/230.25 mi43, Christchurch Road, Southend-on-sea SS2 4JW3
£280K02/230.25 mi68, Beaufort Street, Southend-on-sea SS2 4NH3
£330K06/210.26 mi196, Central Avenue, Southend-on-sea SS2 4EB3
£327K04/210.26 mi43, Hamstel Road, Southend-on-sea SS2 4NF3

Local Rents

21 rents from £1.3K/mo to £2.2K/mo, average is £1.7K/mo.

RentDateDistanceAddressBeds 
£1,60009/240.08 miBellevue Road, Southend-On-Sea3
£1,45009/240.1 miSurbiton Road, Southend-On-Sea, Essex, SS23
£1,27509/240.12 miStornoway Road, Southend-On-Sea3
£1,85009/240.13 miTrinity Road, Southend-On-Sea, Essex, SS23
£1,30010/240.19 mi-3
£2,20009/240.22 mi-3
£1,75003/250.24 mi-3
£1,60009/240.26 miBeaufort Street, Southend-on-Sea, Essex3
£1,70007/240.33 mi-3
£1,65010/240.36 mi-3
£1,65010/240.36 mi-3
£1,30009/240.39 miBournemouth Park Road, Southend on Sea3
£1,70003/250.39 mi-3
£1,80010/240.39 mi-3
£1,75009/240.42 miWestbury Road, Southend-On-Sea, Essex, SS23
£1,80010/240.51 mi-3
£1,80009/240.51 miKensington Road, Southend-On-Sea, SS13
£2,00012/240.55 mi-3
£1,60011/230.57 mi-3
£1,70009/240.59 miSteyning Avenue, Southend-On-Sea3
£1,27509/240.62 miNorthumberland Crescent, Southend-on-Sea, Essex, SS13

Local Area Statistics

Population in SS2

36,418

Population in Southend-on-Sea

106,129

Town centre distance

0.69 miles away

Nearest school

0.30 miles away

Nearest train station

0.23 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+8%

Sales demand

Balanced market

Capital growth (5yrs)

+24%

Property History

Listed for £325,000

December 28, 2024

Floor Plans

Description

  • Semi Detached House +
  • In Need of Modernisation +
  • Three Reception Rooms +
  • Large Rear Garden +
  • Three Bedrooms +
  • Off Road Parking +

Introducing a stunning opportunity in Southchurch, Southend. This semi-detached house offers generous living space with three reception rooms, three bedrooms, perfect for a large family. With loads of potential to make it your own, this property boasts a large rear garden and off-road parking.

Located in a popular area, this home is close to local shops, schools, and transport links, making it ideal for modern family living. In need of some work, this property is waiting for someone to unlock its full potential.

Don't miss out on the chance to view this spacious and promising family home. Contact us today to arrange a viewing and take the first step towards making this property your own.

Floors/rooms
Ground Floor
Porch - Enclosed glazed porch with a tiled floor, secondary glazed door leading to

Hallway - 16' 1'' x 5' 11'' (4.93m x 1.81m) Textured ceiling with coving, stairs to first floor with storage below, radiator, doors to

Lounge - 15' 7'' x 11' 11'' (4.76m x 3.64m) Double glazed oval bay window to front, textured ceiling with coving, radiator.

Dining Room - 15' 5'' x 9' 3'' (4.72m x 2.84m) Double glazed doors to rear, textured ceiling with coving, radiator, breakfast hatch

Breakfast Room - 13' 0'' x 9' 0'' (3.98m x 2.75m) Double glazed window to side, suspended ceiling, wooden fitted shelving and storage units, radiator, door to

Kitchen - 6' 11'' x 5' 10'' (2.12m x 1.79m) Double glazed window to side, door to side, base and wall mounted unts, stainless steel sink unit with mixer tap, space and plumbing for appliances.

Separate WC - Obscure double glazed window to rear, part tiled walls, push button flush w/c.

First Floor
First Floor Landing - Textured ceiling, storage cupboard, loft access, doors to

Bedroom One - 15' 7'' x 9' 10'' (4.76m x 3m) Double glazed oval bay window to front, smooth plastered ceiling, radiator, fitted wardrobes with mirror fronted doors.

Bedroom Two - 13' 3'' x 9' 8'' (4.04m x 2.97m) Double glazed window to rear, textured ceiling, radiator.

Bedroom Three - 8' 10'' x 6' 11'' (2.71m x 2.12m) Double glazed window to front

Bathroom - 7' 7'' x 5' 2'' (2.33m x 1.6m) Obscure double glazed window to rear, part tiled walls, pedestal hand wash basin, panelled bath with mixer tap/shower attachment, heated towel rail.

Exterior
Garden - Large rear garden that is mainly laid to lawn with fencing to all boundaries with side access. There are several outbuilding, which includes a brick built outbuilding that houses a combination boiler. There is a smaller summer house/shed plus a larger one to the far end with power and lighting.

Additional Information
For further information on this property please call or e-mail

Agent Details

Chiddicks Homes, Southend-on-Sea

01702 690007

Next Steps?

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