2 Bed Flat, Single Let, Southend-on-Sea, SS1 2HZ, £220,000

Highbanks, Southend on Sea, SS1 2HZ - 2 views - 3 months ago

Leasehold
BTL
ROI: 1%
~68 m²
+7 photos

ValuationOvervalued

Sold Prices£75K - £337K
Sold Prices/m²£1.6K/m² - £5.1K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.2K/m²

Value Estimate

£214,063

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£55,000

Stamp Duty & Legal Fees

£7,800

Total Cash In

£62,800

 

 

Cash Out

 

Rent Range

£900 - £2,250

Rent Estimate

£959

Running Costs/mo

£899

Cashflow/mo

£60

Cashflow/yr

£716

ROI

1%

Gross Yield

5%

Local Sold Prices

51 sold prices from £75K to £337K, average is £197.5K. £1.6K/m² to £5.1K/m², average is £3.1K/m².

PriceDateDistanceAddressBeds 
£175K08/210.14 mi59, Ambleside Drive, Southend-on-sea SS1 2UT2
£200K06/210.14 mi31a, Christchurch Road, Southend-on-sea SS2 4JS2
£197.5K12/230.14 mi49, Ambleside Drive, Southend-on-sea SS1 2UT2
£148.5K06/210.14 mi11, Kilworth Avenue, Southend-on-sea SS1 2DS2
£200K03/210.14 mi78, Boscombe Road, Southend-on-sea SS2 4JP2
£180K05/210.14 mi101a, Boscombe Road, Southend-on-sea SS2 4JP2
£210K12/230.15 mi9a, Lancaster Gardens, Southend-on-sea SS1 2NS2
£320K05/210.16 mi132, Southchurch Avenue, Southend-on-sea SS1 2RP2
£190K06/210.17 mi43a, Honiton Road, Southend-on-sea SS1 2RY2
£189K03/210.18 mi55, Cheltenham Road, Southend-on-sea SS1 2SA2
£155K12/220.18 mi109, Southchurch Avenue, Southend-on-sea SS1 2RW2
£200K02/210.19 mi69a, Wimborne Road, Southend-on-sea SS2 4JR2
£245K01/230.19 mi12, Cromer Road, Southend-on-sea SS1 2DU2
£210K10/200.2 mi8a, Tyrrel Drive, Southend-on-sea SS1 2LN2
£130K08/230.21 mi75a, Tyrrel Drive, Southend-on-sea SS1 2LN2
£193K12/230.21 mi6, Tyrrel Drive, Southend-on-sea SS1 2LN2
£198K05/230.21 mi3a, Hastings Road, Southend-on-sea SS1 2DR2
£197K12/200.22 mi53, Leamington Road, Southend-on-sea SS1 2SW2
£177K03/210.23 mi11a, Oban Road, Southend-on-sea SS2 4JJ2
£177K03/210.23 mi11a, Oban Road, Southend-on-sea SS2 4JJ2
£140.5K03/210.23 mi40, Sutton Road, Southend-on-sea SS2 5EW2
£230K12/220.25 mi3, Hastings Road, Southend-on-sea SS1 2DR2
£192.5K06/210.25 mi27a, Stromness Road, Southend-on-sea SS2 4JG2
£200K10/210.25 mi39, Stromness Road, Southend-on-sea SS2 4JG2
£180K03/210.26 mi16a, Stromness Road, Southend-on-sea SS2 4JQ2
£170K09/230.27 mi111c, York Road, Southend-on-sea SS1 2DL2
£270K11/210.27 mi4, Bellevue Mews, Southend-on-sea SS2 4PE2
£200K09/210.27 mi43a, Swanage Road, Southend-on-sea SS2 5HX2
£217.5K01/230.28 mi11a, Cheltenham Road, Southend-on-sea SS1 2SB2
£200K09/210.3 mi70a, South Avenue, Southend-on-sea SS2 5JB2
£200K09/210.3 mi70a, South Avenue, Southend-on-sea SS2 5JB2
£330K09/210.31 mi111, Ambleside Drive, Southend-on-sea SS1 2UP2
£130K06/210.31 mi120a, York Road, Southend-on-sea SS1 2DJ2
£202.5K02/210.32 mi29, South Avenue, Southend-on-sea SS2 5JA2
£210K09/210.37 mi41, Central Avenue, Southend-on-sea SS2 5HR2
£220K12/220.38 mi18a, Ilfracombe Road, Southend-on-sea SS2 4PB2
£220K10/230.38 miGround Floor Flat, 28, Whitegate Road, Southend-on-sea SS1 2LQ2
£160K07/210.4 mi2a, Trinity Road, Southend-on-sea SS2 4HJ2
£175K03/210.41 mi22, Marks Court, Southend-on-sea SS1 2RH2
£153K11/200.41 mi34, Marks Court, Southend-on-sea SS1 2RH2
£195.5K03/230.42 mi89, Marks Court, Southend-on-sea SS1 2RQ2
£192.5K10/230.43 mi15a, Lovelace Avenue, Southend-on-sea SS1 2QU2
£217K06/230.44 mi56, Lovelace Gardens, Southend-on-sea SS2 4NU2
£235K01/210.46 mi2a, Dryden Avenue, Southend-on-sea SS2 5EU2
£177.5K11/200.46 mi131a, Brunswick Road, Southend-on-sea SS1 2UL2
£198K04/210.47 mi40a, Westbury Road, Southend-on-sea SS2 4DP2
£195K03/210.47 mi21a, Surbiton Road, Southend-on-sea SS2 4NR2
£209K12/200.5 mi262, Central Avenue, Southend-on-sea SS2 4EE2
£337K08/210.51 mi100, Victoria Road, Southend-on-sea SS1 2TF2
£75K04/210.53 miFlat 27, Martins Court, Stadium Road, Southend-on-sea SS2 5DH2
£170K06/210.53 mi36a, Oakleigh Avenue, Southend-on-sea SS1 2QR2

Local Rents

50 rents from £900/mo to £2.3K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,20009/240.01 miSouthchurch Avenue, Southend-On-Sea2
£1,40009/240.02 mi-2
£1,45004/250.02 mi-2
£1,40009/240.02 miHighbanks, Southend on Sea2
£1,20003/250.02 mi-2
£1,10009/240.06 mi2 bedroom 1st Floor Flat in Southend on Sea2
£1,25009/240.08 miSouthchurch Road, Southend-On-Sea, Essex, SS12
£1,25009/240.08 miSouthchurch Road, Southend-On-Sea, Essex, SS12
£1,25009/240.09 miSouthchurch Road, Southend-On-Sea, Essex, SS12
£1,35009/240.12 mi-2
£1,30011/240.14 mi-2
£1,30012/240.14 mi-2
£1,45002/250.14 mi-2
£1,40012/240.14 mi-2
£1,60004/250.16 mi-2
£1,35010/230.17 mi-2
£1,00009/240.17 miMontague Buildings, Southchurch Road, Southend-on-Sea, Essex2
£1,20004/250.17 mi-2
£1,20004/250.17 mi-2
£1,20009/240.18 miHoniton Road, Southend-On-Sea2
£1,30009/240.18 mi-2
£97512/230.19 mi-2
£1,40009/240.2 miChase Court Gardens, Southend-on-Sea2
£1,25007/240.2 mi-2
£1,30004/250.21 mi-2
£1,15009/240.24 miYork Road, Southend-on-Sea2
£99502/240.24 mi-2
£99509/240.24 mi-2
£1,10003/250.24 mi-2
£1,29501/250.25 mi-2
£1,20009/240.25 miYork Road, Southend-On-Sea, Essex, SS12
£1,10008/240.26 mi-2
£97509/240.27 miStromness Road, Southend-On-Sea, Essex, SS22
£1,20009/240.28 miSouthchurch Avenue, Southend On Sea2
£1,10009/240.28 miClose To Seafront, Southend On Sea2
£1,30003/250.28 mi-2
£1,30009/240.28 miSouthchurch Avenue, Southend-on-Sea, Essex, SS12
£1,50009/240.28 miFreemans Court, 1 Honiton Road, Southend On Sea, Essex, SS12
£1,20002/250.29 miSeafront, Southend On Sea2
£95009/240.29 miBournemouth Park Road, Southend-On-Sea, Essex, SS22
£2,25004/250.29 mi-2
£90010/240.3 mi-2
£90009/240.3 miWarrior Square, Southend-on-sea2
£1,10002/240.31 mi-2
£1,60009/240.31 mi-2
£1,20002/250.31 mi-2
£1,20002/250.31 mi-2
£1,30004/250.31 mi-2
£1,30004/250.31 mi-2
£1,60009/240.31 miSouthchurch Road, Southend-On-Sea, SS12

Local Area Statistics

Population in SS1

26,369

Population in Southend-on-Sea

106,129

Town centre distance

0.70 miles away

Nearest school

0.10 miles away

Nearest train station

0.36 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+40%

Sales demand

Buyer's market

Capital growth (5yrs)

+21%

Property History

Listed for £220,000

January 9, 2025

Floor Plans

Description

  • Spacious Ground-Floor Apartment With Two Double Bedrooms +
  • Two Allocated Parking Spaces +
  • Open-Plan Kitchen & Family Room Offering Ample Living Space +
  • Conveniently Located Within a Short Walk of Southend City Centre, The Seafront, Southend East Station With c2c Links +
  • An Excellent Opportunity For First-Time Buyers +
  • Close Proximity to the Seafront and a Range of Local Amenities +
  • Gated Off-Street Parking for Added Security +
  • Larger-Than-Average Living Space In A Prime Location +
  • A Must View! +

Guide Price £220,000 - £240,000.

Coulson James are delighted to welcome to the market this impressive two double bedroom DUPLEX apartment, being excellently located within walking distance of Southend town City Centre with two London serving train lines, to make a perfect move for first time buyers and commuters.

This fantastic property features a contemporary L shape open plan living area which is complemented by a double bedroom, modern fitted kitchen, and to the first floor boast the main bedroom as well as a further modern fitted bathroom.

This superb property provides great living space throughout, further benefits from two allocated parking spaces within the gated residents' car park, an intercom entry system and two lifts. An internal viewing is highly recommended. Council Tax Band - C. REF: 3481

Agent Details

Coulson James, Leigh on Sea

01702 967528

Next Steps?

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