2 Bed Flat, Single Let, Southend-on-Sea, SS1 2EB, £170,000

193 Woodgrange Drive, Southend On Sea, Essex, SS1 2SG - 3 views - 3 months ago

Leasehold
BTL
ROI: 4%
~68 m²
+6 photos

ValuationUndervalued

Sold Prices£130K - £337K
Sold Prices/m²£1.6K/m² - £5.1K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.5K/m²

Value Estimate

£209,100
BMV23%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£42,500

Stamp Duty & Legal Fees

£6,300

Total Cash In

£48,800

 

 

Cash Out

 

Rent Range

£900 - £2,250

Rent Estimate

£900

Running Costs/mo

£731

Cashflow/mo

£169

Cashflow/yr

£2,025

ROI

4%

Gross Yield

6%

Local Sold Prices

51 sold prices from £130K to £337K, average is £197.5K. £1.6K/m² to £5.1K/m², average is £3.2K/m².

PriceDateDistanceAddressBeds 
£200K06/210.09 mi31a, Christchurch Road, Southend-on-sea SS2 4JS2
£200K03/210.12 mi78, Boscombe Road, Southend-on-sea SS2 4JP2
£180K05/210.12 mi101a, Boscombe Road, Southend-on-sea SS2 4JP2
£175K08/210.12 mi59, Ambleside Drive, Southend-on-sea SS1 2UT2
£197.5K12/230.12 mi49, Ambleside Drive, Southend-on-sea SS1 2UT2
£200K02/210.17 mi69a, Wimborne Road, Southend-on-sea SS2 4JR2
£320K05/210.18 mi132, Southchurch Avenue, Southend-on-sea SS1 2RP2
£189K03/210.18 mi55, Cheltenham Road, Southend-on-sea SS1 2SA2
£177K03/210.18 mi11a, Oban Road, Southend-on-sea SS2 4JJ2
£177K03/210.18 mi11a, Oban Road, Southend-on-sea SS2 4JJ2
£190K06/210.19 mi43a, Honiton Road, Southend-on-sea SS1 2RY2
£148.5K06/210.19 mi11, Kilworth Avenue, Southend-on-sea SS1 2DS2
£192.5K06/210.2 mi27a, Stromness Road, Southend-on-sea SS2 4JG2
£200K10/210.2 mi39, Stromness Road, Southend-on-sea SS2 4JG2
£197K12/200.2 mi53, Leamington Road, Southend-on-sea SS1 2SW2
£180K03/210.2 mi16a, Stromness Road, Southend-on-sea SS2 4JQ2
£210K12/230.2 mi9a, Lancaster Gardens, Southend-on-sea SS1 2NS2
£155K12/220.21 mi109, Southchurch Avenue, Southend-on-sea SS1 2RW2
£270K11/210.22 mi4, Bellevue Mews, Southend-on-sea SS2 4PE2
£245K01/230.23 mi12, Cromer Road, Southend-on-sea SS1 2DU2
£210K10/200.26 mi8a, Tyrrel Drive, Southend-on-sea SS1 2LN2
£330K09/210.26 mi111, Ambleside Drive, Southend-on-sea SS1 2UP2
£198K05/230.26 mi3a, Hastings Road, Southend-on-sea SS1 2DR2
£130K08/230.27 mi75a, Tyrrel Drive, Southend-on-sea SS1 2LN2
£193K12/230.27 mi6, Tyrrel Drive, Southend-on-sea SS1 2LN2
£140.5K03/210.27 mi40, Sutton Road, Southend-on-sea SS2 5EW2
£217.5K01/230.28 mi11a, Cheltenham Road, Southend-on-sea SS1 2SB2
£200K09/210.29 mi43a, Swanage Road, Southend-on-sea SS2 5HX2
£230K12/220.29 mi3, Hastings Road, Southend-on-sea SS1 2DR2
£200K09/210.3 mi70a, South Avenue, Southend-on-sea SS2 5JB2
£170K09/230.32 mi111c, York Road, Southend-on-sea SS1 2DL2
£200K09/210.32 mi70a, South Avenue, Southend-on-sea SS2 5JB2
£220K12/220.32 mi18a, Ilfracombe Road, Southend-on-sea SS2 4PB2
£202.5K02/210.33 mi29, South Avenue, Southend-on-sea SS2 5JA2
£160K07/210.35 mi2a, Trinity Road, Southend-on-sea SS2 4HJ2
£130K06/210.36 mi120a, York Road, Southend-on-sea SS1 2DJ2
£192.5K10/230.38 mi15a, Lovelace Avenue, Southend-on-sea SS1 2QU2
£210K09/210.38 mi41, Central Avenue, Southend-on-sea SS2 5HR2
£217K06/230.38 mi56, Lovelace Gardens, Southend-on-sea SS2 4NU2
£195K03/210.41 mi21a, Surbiton Road, Southend-on-sea SS2 4NR2
£177.5K11/200.42 mi131a, Brunswick Road, Southend-on-sea SS1 2UL2
£198K04/210.42 mi40a, Westbury Road, Southend-on-sea SS2 4DP2
£175K03/210.43 mi22, Marks Court, Southend-on-sea SS1 2RH2
£153K11/200.43 mi34, Marks Court, Southend-on-sea SS1 2RH2
£195.5K03/230.43 mi89, Marks Court, Southend-on-sea SS1 2RQ2
£220K10/230.44 miGround Floor Flat, 28, Whitegate Road, Southend-on-sea SS1 2LQ2
£209K12/200.46 mi262, Central Avenue, Southend-on-sea SS2 4EE2
£235K01/210.46 mi2a, Dryden Avenue, Southend-on-sea SS2 5EU2
£170K06/210.48 mi36a, Oakleigh Avenue, Southend-on-sea SS1 2QR2
£195K12/200.48 mi118, Trinity Road, Southend-on-sea SS2 4HW2
£337K08/210.49 mi100, Victoria Road, Southend-on-sea SS1 2TF2

Local Rents

50 rents from £900/mo to £2.3K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,10009/240.02 mi2 bedroom 1st Floor Flat in Southend on Sea2
£1,20003/250.04 mi-2
£1,20009/240.05 miSouthchurch Avenue, Southend-On-Sea2
£1,40009/240.07 mi-2
£1,45003/250.07 mi-2
£1,40009/240.07 miHighbanks, Southend on Sea2
£1,45002/250.09 mi-2
£1,40012/240.09 mi-2
£1,35010/230.11 mi-2
£1,35009/240.12 mi-2
£1,25009/240.13 miSouthchurch Road, Southend-On-Sea, Essex, SS12
£1,25009/240.14 miSouthchurch Road, Southend-On-Sea, Essex, SS12
£1,30009/240.14 mi-2
£1,25009/240.14 miSouthchurch Road, Southend-On-Sea, Essex, SS12
£1,40009/240.15 miChase Court Gardens, Southend-on-Sea2
£1,25007/240.16 mi-2
£97512/230.17 mi-2
£1,60004/250.18 mi-2
£1,20009/240.19 miHoniton Road, Southend-On-Sea2
£1,30011/240.2 mi-2
£1,30012/240.2 mi-2
£97509/240.21 miStromness Road, Southend-On-Sea, Essex, SS22
£1,20004/250.21 mi-2
£1,00009/240.22 miMontague Buildings, Southchurch Road, Southend-on-Sea, Essex2
£99502/240.27 mi-2
£99509/240.27 mi-2
£1,10003/250.27 mi-2
£1,20009/240.28 miYork Road, Southend-On-Sea, Essex, SS12
£1,15009/240.28 miYork Road, Southend-on-Sea2
£1,10009/240.28 miClose To Seafront, Southend On Sea2
£95009/240.29 miBournemouth Park Road, Southend-On-Sea, Essex, SS22
£1,29501/250.3 mi-2
£1,50009/240.3 miFreemans Court, 1 Honiton Road, Southend On Sea, Essex, SS12
£1,20009/240.3 miSouthchurch Avenue, Southend On Sea2
£1,30009/240.3 miSouthchurch Avenue, Southend-on-Sea, Essex, SS12
£1,20002/250.3 miSeafront, Southend On Sea2
£1,10008/240.31 mi-2
£90010/240.32 mi-2
£1,19503/250.32 mi-2
£1,10002/240.33 mi-2
£2,25004/250.33 mi-2
£1,05002/250.33 mi-2
£1,30003/250.33 mi-2
£90009/240.36 miWarrior Square, Southend-on-sea2
£1,30001/250.37 mi-2
£1,60009/240.37 mi-2
£1,05002/250.37 mi-2
£1,05002/250.37 mi-2
£1,20003/250.37 mi-2
£1,20003/250.37 mi-2

Local Area Statistics

Population in SS1

26,369

Population in Southend-on-Sea

106,129

Town centre distance

0.69 miles away

Nearest school

0.10 miles away

Nearest train station

0.31 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+40%

Sales demand

Buyer's market

Capital growth (5yrs)

+21%

Property History

Listed for £170,000

January 6, 2025

Floor Plans

Description

  • Spacious Second Floor Apartment +
  • Two Double Bedrooms +
  • 19'8 Open Plan Living Room/ Kitchen +
  • Modern Fitted Kitchen & Bathroom +
  • Spacious Modern Fitted Bathroom +
  • Secure Allocated Off Street Parking +
  • Close To Southend East Rail Station +
  • Easy Access To Southend City Centre +
  • 104 Years Remaining Lease Term +
  • EPC Rating 'C' +

This modern two double bedroom second floor apartment offers spacious well presented accommodation and is situated in a convenient location offering easy access to Southend East rail station, the shopping facilities of Southchurch Road as well as Southend City centre. With lift access the property offers a large open plan living room/ kitchen, two double bedrooms and a spacious modern bathroom with separate shower whilst the property also benefits from an allocated parking space within the secure gated residents car park. Making an ideal first time or investment purchase we would recommend an internal viewing to appreciate the accommodation on offer.

Accommodation Comprising - Front door with security entryphone system (which is linked to your phone allowing the ability to communicate with visitors whether you are at home or not) leading to communal entrance lobby with lift and stairwell access to the second floor landing, own front door to...

Entrance Hall - Large built in storage cupboard also housing electric hot water cylinder, wall mounted electric heater, smooth plastered ceiling with inset spotlights, doors off to...

Open Plan Living Room/ Kitchen - 6 x 5.1 (19'8" x 16'8") -

Kitchen Area - Range of modern fitted white base units with toning roll edged working surfaces over, inset single drainer stainless steel sink unit, integrated electric hob with stainless steel oven below and extractor hood over, space and plumbing for washing machine and dishwasher, space for fridge/ freezer, matching range of wall mounted units, tiled splashbacks, smooth plastered ceiling with inset spotlights, open plan to...

Living Space - Double glazed window and door to 'juliet' balcony, wall mounted electric heater, smooth plastered ceiling...

Bedroom 1 - 3.9 x 3.2 (12'9" x 10'5") - Double glazed window to front, wall mounted electric heater, range of mirrored wardrobes to remain, ceiling fan/light to remain (adjustable for summer and winter months), smooth plastered ceiling...

Bedroom 2 - 3.2 x 2.9 (10'5" x 9'6") - Double glazed window to front, wall mounted electric heater, smooth plastered ceiling...

Bathroom - Large modern fitted bathroom comprising panelled bath with mixer tap and shower attachment, separate walk in glazed shower cubicle, wall mounted wash hand basin, low level W.C., tiled splashbacks and large fitted mirror, electric heated towel rail, smooth plastered ceiling with inset spotlights...

Externally - Allocated parking space within residents secure gated car park, well tended communal gardens to rear of property...

Agent Details

1st Call Sales & Lettings, Southend

01702 967930

Next Steps?

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