3 Bed Terraced House, Refurb/BRRR, Southend-on-Sea, SS2 6LF, £300,000

St. Benets Road, Southend-on-Sea, Essex, SS2 6LF - 3 months ago

Sold STC
Refurb/BRRR
ROI: 5%
~93 m²
+10 photos

ValuationFair Value

Sold Prices£197.5K - £473K
Sold Prices/m²£2.4K/m² - £4.9K/m²

 

 

Square Metres

~93 m²
Price/m²£3.2K/m²

Value Estimate

£302,745

 

 

End Value (After Refurb)

£297,235

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£75,000

Stamp Duty & Legal Fees

£18,700

Refurb Costs

£44,786

Bridging Loan Interest

£7,875

Total Cash In

£148,111

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£297,235

Mortgage (After Refinance)

£222,926

Mortgage LTV

75%

Cash Left In

£148,111

Equity

£74,309

Rent Range

£950 - £5,000

Rent Estimate

£1,890

Running Costs/mo

£1,327

Cashflow/mo

£563

Cashflow/yr

£6,758

ROI

5%

Gross Yield

8%

Local Sold Prices

51 sold prices from £197.5K to £473K, average is £325K. £2.4K/m² to £4.9K/m², average is £3.3K/m².

PriceDateDistanceAddressBeds 
£375K10/210.05 mi28, Regency Green, Southend-on-sea SS2 6LU3
£270K01/240.06 mi46, Priory Avenue, Southend-on-sea SS2 6LD3
£280K03/210.06 mi50, Priory Avenue, Southend-on-sea SS2 6LD3
£367K03/210.08 mi29, Edith Road, Southend-on-sea SS2 6JU3
£310K02/210.08 mi37, Edith Road, Southend-on-sea SS2 6JU3
£315K02/210.08 mi7, Edith Road, Southend-on-sea SS2 6JU3
£405K12/220.1 mi27, St Marys Road, Southend-on-sea SS2 6JR3
£400K09/230.1 mi81, St Marys Road, Southend-on-sea SS2 6JR3
£473K01/230.13 mi20, Hill Road, Southend-on-sea SS2 6JT3
£425K12/200.15 mi11, Hill Road, Southend-on-sea SS2 6JT3
£348K02/210.16 mi48, Ennismore Gardens, Southend-on-sea SS2 5RB3
£233K07/230.16 mi50, Ennismore Gardens, Southend-on-sea SS2 5RB3
£400K06/230.16 mi100, Ennismore Gardens, Southend-on-sea SS2 5RB3
£370K10/230.16 mi12, Ennismore Gardens, Southend-on-sea SS2 5RB3
£255K01/230.17 mi318, Victoria Avenue, Southend-on-sea SS2 6NA3
£280K11/200.18 mi48, Tickfield Avenue, Southend-on-sea SS2 6LL3
£425K08/230.18 mi32, Tickfield Avenue, Southend-on-sea SS2 6LL3
£340K11/230.18 mi27, Tickfield Avenue, Southend-on-sea SS2 6LL3
£317K04/210.19 mi115, East Street, Southend-on-sea SS2 5EB3
£355K08/230.2 mi9, Ennismore Gardens, Southend-on-sea SS2 5RA3
£355K08/230.2 mi9, Ennismore Gardens, Southend-on-sea SS2 5RA3
£350K03/210.22 mi46, Oakhurst Road, Southend-on-sea SS2 5DT3
£350K12/210.23 mi22, Oakhurst Road, Southend-on-sea SS2 5DT3
£385K06/210.23 mi379, Victoria Avenue, Southend-on-sea SS2 6NJ3
£372.5K08/230.26 mi61, Tunbridge Road, Southend-on-sea SS2 6LT3
£262.5K06/230.26 mi3, Roots Hall Avenue, Southend-on-sea SS2 6HN3
£245K12/230.27 mi4, Wallis Avenue, Southend-on-sea SS2 6HS3
£375K07/230.29 mi13, Glenhurst Road, Southend-on-sea SS2 5DR3
£235K06/230.3 mi153, Victoria Avenue, Southend-on-sea SS2 6EL3
£339K02/210.3 mi84, Crowborough Road, Southend-on-sea SS2 6LP3
£306K11/200.3 mi10, Glenhurst Road, Southend-on-sea SS2 5DS3
£345K05/210.3 mi30, Glenhurst Road, Southend-on-sea SS2 5DS3
£300K12/230.32 mi59, Colchester Road, Southend-on-sea SS2 6HW3
£300K02/210.33 mi7, Colchester Close, Southend-on-sea SS2 6HR3
£320K04/210.33 mi1, Colchester Close, Southend-on-sea SS2 6HR3
£310K07/230.33 mi19, Colchester Close, Southend-on-sea SS2 6HR3
£327K11/230.35 mi1, Bircham Road, Southend-on-sea SS2 5DN3
£335K10/230.35 mi14, Bircham Road, Southend-on-sea SS2 5DN3
£219K03/230.35 mi24, Jones Close, Southend-on-sea SS2 6PF3
£197.5K05/230.35 mi21, Jones Close, Southend-on-sea SS2 6PF3
£212K08/230.35 mi23, Jones Close, Southend-on-sea SS2 6PF3
£370K02/240.36 mi92, Fairfax Drive, Westcliff-on-sea, Southend-on-sea SS0 9AF3
£325K05/210.36 mi66, Shakespeare Drive, Westcliff-on-sea, Southend-on-sea SS0 9AB3
£295K12/200.36 mi18, Shakespeare Drive, Westcliff-on-sea, Southend-on-sea SS0 9AB3
£263K06/210.36 mi2, Shakespeare Drive, Westcliff-on-sea, Southend-on-sea SS0 9AB3
£285K07/210.36 mi61, Royston Avenue, Southend-on-sea SS2 5JY3
£305K04/240.36 mi63, Royston Avenue, Southend-on-sea SS2 5JY3
£290K02/210.37 mi27, Gayton Road, Southend-on-sea SS2 5DL3
£360K08/230.37 mi26, Gayton Road, Southend-on-sea SS2 5DL3
£325K06/230.37 mi25, Gayton Road, Southend-on-sea SS2 5DL3
£345K04/230.38 mi62, Royston Avenue, Southend-on-sea SS2 5JZ3

Local Rents

24 rents from £950/mo to £5K/mo, average is £1.7K/mo.

RentDateDistanceAddressBeds 
£1,65002/240.06 mi-3
£1,70004/250.06 mi-3
£1,72501/250.1 mi-3
£1,60003/240.23 miTunbridge Road, Southend-on-Sea, Essex, SS23
£1,74003/250.25 mi-3
£1,95004/250.25 mi-3
£1,50011/240.25 mi-3
£1,75001/250.35 mi-3
£1,75001/250.35 mi-3
£1,30009/240.36 miShakespeare Drive, Westcliff-on-Sea3
£1,45009/240.37 miPenthouse, West Road, SS03
£95009/240.39 mi-3
£1,57509/240.43 miWentworth Road, Southend-On-Sea, Essex, SS23
£3,00001/250.46 mi-3
£1,90011/230.48 mi-3
£3,10009/240.48 mi-3
£1,75007/240.49 mi-3
£5,00002/240.5 mi-3
£1,20009/240.53 miWenham Drive, Westcliff On Sea3
£1,60009/240.54 miTennyson Avenue, Southend on Sea, SS23
£1,65009/240.56 miHighfield Grove, Westcliff On Sea3
£1,75012/240.58 mi-3
£1,59502/240.59 mi-3
£1,85010/240.6 mi-3

Local Area Statistics

Population in SS2

36,418

Population in Southend-on-Sea

106,129

Town centre distance

0.57 miles away

Nearest school

0.10 miles away

Nearest train station

0.13 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+8%

Sales demand

Balanced market

Capital growth (5yrs)

+24%

Property History

Listed for £300,000

January 8, 2025

Floor Plans

Description

  • Close to Prittlewell Train Station +
  • Close to Priory Park +
  • Close to Southend Town Centre +
  • Garage +
  • Two Reception Rooms +
  • Modernisation Required +

Guide price £300,000 - £325,000

Presenting an end of terrace house for sale, in the highly sought-after location of Prittlewell, teeming with historical features and excellent public transport links. This property is a mere 3-minute walk to Prittlewell train station, offering direct links to London Liverpool street and is a stone's throw away from Southend Town Centre and Priory Park.

The house, while in need of modernising, brims with potential and could make an ideal investment, or a perfect family home. The property boasts two spacious reception rooms, both featuring wood floors. The first reception room is a separate entity graced with bay windows, while the second offers a unique fireplace and a picturesque garden view.

This home consists of three bedrooms; two are double rooms, with the master bedroom benefiting from bay windows. The third is a large single room, all providing a blank canvas for personalisation. The property benefits from a single bathroom equipped with built-in storage, providing a practical solution for your toiletries.

The kitchen, offering access to the garden, presents an opportunity for you to put your own stamp on it. Completing this property is a single garage, a much sought-after commodity and a unique feature - a fireplace, adding a touch of character to this home.

The property has an EPC rating of D, indicating a reasonable energy efficiency level. Ideal for investors seeking to capitalise on the property's potential or families looking to create their dream home, this house promises a solid investment for the future.

Agent Details

Leaders Sales, Southend-On-Sea

01702 967359

Next Steps?

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