2 Bed Flat, Single Let, Southend-on-Sea, SS2 4EW, £170,000

Seaforth Grove, Southend-on-sea, SS2 4EW - 2 views - 4 months ago

Sold STC
Leasehold
BTL
ROI: 5%
~68 m²
+1 photos

ValuationUndervalued

Sold Prices£75K - £330K
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

£950 - £4,250

Rent Estimate

£959

Running Costs/mo

£743

Cashflow/mo

£216

Cashflow/yr

£2,591

ROI

5%

Gross Yield

7%

Local Sold Prices

51 sold prices from £75K to £330K, average is £198K. £1.6K/m² to £5.1K/m², average is £3.3K/m².

PriceDateDistanceAddressBeds 
£196K03/210.07 mi48b, Seaforth Grove, Southend-on-sea SS2 4EW2
£209K12/200.13 mi262, Central Avenue, Southend-on-sea SS2 4EE2
£179K06/210.13 mi30, Crossfield Road, Southend-on-sea SS2 4LS2
£210K12/200.13 mi107, Rylands Road, Southend-on-sea SS2 4LL2
£198K04/210.16 mi40a, Westbury Road, Southend-on-sea SS2 4DP2
£195K12/200.21 mi118, Trinity Road, Southend-on-sea SS2 4HW2
£160K07/210.24 mi2a, Trinity Road, Southend-on-sea SS2 4HJ2
£170K03/230.24 mi46, Eastcote Grove, Southend-on-sea SS2 4QB2
£211K12/200.25 mi209a, Stornoway Road, Southend-on-sea SS2 4NJ2
£210K12/200.26 mi51a, Eastcote Grove, Southend-on-sea SS2 4QA2
£195K03/210.33 mi21a, Surbiton Road, Southend-on-sea SS2 4NR2
£217K06/230.33 mi56, Lovelace Gardens, Southend-on-sea SS2 4NU2
£220K12/220.35 mi18a, Ilfracombe Road, Southend-on-sea SS2 4PB2
£270K11/210.39 mi4, Bellevue Mews, Southend-on-sea SS2 4PE2
£192.5K06/210.39 mi27a, Stromness Road, Southend-on-sea SS2 4JG2
£200K10/210.39 mi39, Stromness Road, Southend-on-sea SS2 4JG2
£177K03/210.4 mi11a, Oban Road, Southend-on-sea SS2 4JJ2
£177K03/210.4 mi11a, Oban Road, Southend-on-sea SS2 4JJ2
£180K03/210.41 mi16a, Stromness Road, Southend-on-sea SS2 4JQ2
£230K10/230.42 mi15a, Castleton Road, Southend-on-sea SS2 4UD2
£200K02/210.46 mi69a, Wimborne Road, Southend-on-sea SS2 4JR2
£200K06/210.49 mi31a, Christchurch Road, Southend-on-sea SS2 4JS2
£200K03/210.49 mi78, Boscombe Road, Southend-on-sea SS2 4JP2
£180K05/210.49 mi101a, Boscombe Road, Southend-on-sea SS2 4JP2
£192.5K10/230.5 mi15a, Lovelace Avenue, Southend-on-sea SS1 2QU2
£170K06/210.5 mi36a, Oakleigh Avenue, Southend-on-sea SS1 2QR2
£200K09/210.51 mi70a, South Avenue, Southend-on-sea SS2 5JB2
£202.5K02/210.56 mi29, South Avenue, Southend-on-sea SS2 5JA2
£210K09/210.56 mi41, Central Avenue, Southend-on-sea SS2 5HR2
£235K01/210.56 mi2a, Dryden Avenue, Southend-on-sea SS2 5EU2
£200K09/210.57 mi70a, South Avenue, Southend-on-sea SS2 5JB2
£200K09/210.58 mi43a, Swanage Road, Southend-on-sea SS2 5HX2
£330K09/210.61 mi111, Ambleside Drive, Southend-on-sea SS1 2UP2
£275K12/220.65 mi339, Bournemouth Park Road, Southend-on-sea SS2 5LQ2
£197.5K12/230.66 mi49, Ambleside Drive, Southend-on-sea SS1 2UT2
£175K08/210.66 mi59, Ambleside Drive, Southend-on-sea SS1 2UT2
£140.5K03/210.68 mi40, Sutton Road, Southend-on-sea SS2 5EW2
£197K12/200.7 mi53, Leamington Road, Southend-on-sea SS1 2SW2
£177.5K11/200.7 mi131a, Brunswick Road, Southend-on-sea SS1 2UL2
£189K03/210.72 mi55, Cheltenham Road, Southend-on-sea SS1 2SA2
£75K04/210.73 miFlat 27, Martins Court, Stadium Road, Southend-on-sea SS2 5DH2
£190K06/210.75 mi43a, Honiton Road, Southend-on-sea SS1 2RY2
£320K05/210.75 mi132, Southchurch Avenue, Southend-on-sea SS1 2RP2
£210K12/230.76 mi9a, Lancaster Gardens, Southend-on-sea SS1 2NS2
£148.5K06/210.77 mi11, Kilworth Avenue, Southend-on-sea SS1 2DS2
£155K12/220.79 mi109, Southchurch Avenue, Southend-on-sea SS1 2RW2
£130K08/230.8 mi75a, Tyrrel Drive, Southend-on-sea SS1 2LN2
£193K12/230.8 mi6, Tyrrel Drive, Southend-on-sea SS1 2LN2
£245K01/230.81 mi12, Cromer Road, Southend-on-sea SS1 2DU2
£217.5K01/230.81 mi11a, Cheltenham Road, Southend-on-sea SS1 2SB2
£220K02/230.83 mi485a, Sutton Road, Southend-on-sea SS2 5PL2

Local Rents

28 rents from £950/mo to £4.3K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,57503/250.08 mi-2
£2,65009/240.08 miSouthend On Sea, Southend-On-Sea, SS22
£2,65009/240.08 mi-2
£99509/240.11 miRylands Road,2
£95009/240.21 miHamstel Road, Southend-On-Sea2
£1,50004/250.33 mi-2
£97509/240.39 miStromness Road, Southend-On-Sea, Essex, SS22
£1,30009/240.42 mi-2
£1,10009/240.43 miSouthchurch Road, Southend-On-Sea2
£1,18509/240.44 miSouthchurch Road, Southend-on-Sea, Essex, SS1 2PW2
£1,30009/240.45 mi-2
£1,00009/240.45 miThe Courtyard, Southchurch Road2
£97512/230.46 mi-2
£4,25002/240.47 mi-2
£3,75009/240.47 mi-2
£95009/240.5 miBournemouth Park Road, Southend-On-Sea, Essex, SS22
£1,35010/230.52 mi-2
£1,45002/250.53 mi-2
£1,40012/240.53 mi-2
£1,20009/240.54 miNorth Avenue, Southend on - sea2
£1,29508/240.54 mi-2
£1,30002/240.55 miDalmatia Road, Southend-On-Sea, Essex, SS12
£1,10001/250.55 mi-2
£1,35009/240.56 mi-2
£1,25007/240.58 mi-2
£1,40009/240.58 miChase Court Gardens, Southend-on-Sea2
£1,10009/240.59 mi2 bedroom 1st Floor Flat in Southend on Sea2
£1,20003/250.62 mi-2

Local Area Statistics

Population in SS2

36,418

Population in Southend-on-Sea

106,129

Town centre distance

0.52 miles away

Nearest school

0.20 miles away

Nearest train station

0.58 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+8%

Sales demand

Balanced market

Capital growth (5yrs)

+24%

Property History

Listed for £170,000

January 7, 2025

Floor Plans

Description

  • Rear garden +
  • Two well appointed bedrooms +
  • Two bedroom first floor flat +
  • Close to local amenities +
  • Catchment for sought after schools +
  • Quiet tree lined road +
  • No onward chain +
  • Fitted kitchen +
  • Gas central heating +
  • UPVC double glazing +

Offering convenient access to a variety of travel links, local amenities, and sought-after schools, it’s ideally located within easy reach of bus services and train stations.

Internally, the property boasts generous living space. The well-proportioned lounge leads into a large kitchen, bathed in natural light, creating an inviting atmosphere. The master bedroom, of a good size, is positioned at the front of the flat, with an additional single bedroom offering flexibility. A three-piece family bathroom is also accessed from the hallway.

Additional highlights include a private section of the rear garden, providing an outdoor retreat, and the property is being sold with the benefit of no onward chain. An internal viewing is highly recommended to fully appreciate the space and potential this flat has to offer.

Agent Details

Anthony Quirk, Canvey Island

01268 203943

Next Steps?

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