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

Southchurch Road, Southend-On-Sea, SS1 2EB - 1 views - 2 months ago

Leasehold
BTL
ROI: 5%
~68 m²
+8 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

£205,700
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£42,500

Stamp Duty & Legal Fees

£9,700

Total Cash In

£52,200

 

 

Cash Out

 

Rent Range

£900 - £2,250

Rent Estimate

£972

Running Costs/mo

£746

Cashflow/mo

£226

Cashflow/yr

£2,716

ROI

5%

Gross Yield

7%

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 
£200K06/210.08 mi31a, Christchurch Road, Southend-on-sea SS2 4JS2
£180K03/210.1 mi16a, Stromness Road, Southend-on-sea SS2 4JQ2
£192.5K06/210.12 mi27a, Stromness Road, Southend-on-sea SS2 4JG2
£200K10/210.12 mi39, Stromness Road, Southend-on-sea SS2 4JG2
£270K11/210.12 mi4, Bellevue Mews, Southend-on-sea SS2 4PE2
£177K03/210.13 mi11a, Oban Road, Southend-on-sea SS2 4JJ2
£177K03/210.13 mi11a, Oban Road, Southend-on-sea SS2 4JJ2
£197.5K12/230.15 mi49, Ambleside Drive, Southend-on-sea SS1 2UT2
£175K08/210.15 mi59, Ambleside Drive, Southend-on-sea SS1 2UT2
£200K03/210.16 mi78, Boscombe Road, Southend-on-sea SS2 4JP2
£180K05/210.16 mi101a, Boscombe Road, Southend-on-sea SS2 4JP2
£330K09/210.18 mi111, Ambleside Drive, Southend-on-sea SS1 2UP2
£200K02/210.2 mi69a, Wimborne Road, Southend-on-sea SS2 4JR2
£197K12/200.2 mi53, Leamington Road, Southend-on-sea SS1 2SW2
£189K03/210.21 mi55, Cheltenham Road, Southend-on-sea SS1 2SA2
£220K12/220.21 mi18a, Ilfracombe Road, Southend-on-sea SS2 4PB2
£190K06/210.24 mi43a, Honiton Road, Southend-on-sea SS1 2RY2
£320K05/210.25 mi132, Southchurch Avenue, Southend-on-sea SS1 2RP2
£192.5K10/230.26 mi15a, Lovelace Avenue, Southend-on-sea SS1 2QU2
£160K07/210.27 mi2a, Trinity Road, Southend-on-sea SS2 4HJ2
£217K06/230.27 mi56, Lovelace Gardens, Southend-on-sea SS2 4NU2
£155K12/220.29 mi109, Southchurch Avenue, Southend-on-sea SS1 2RW2
£148.5K06/210.29 mi11, Kilworth Avenue, Southend-on-sea SS1 2DS2
£195K03/210.3 mi21a, Surbiton Road, Southend-on-sea SS2 4NR2
£217.5K01/230.31 mi11a, Cheltenham Road, Southend-on-sea SS1 2SB2
£245K01/230.32 mi12, Cromer Road, Southend-on-sea SS1 2DU2
£210K12/230.32 mi9a, Lancaster Gardens, Southend-on-sea SS1 2NS2
£177.5K11/200.34 mi131a, Brunswick Road, Southend-on-sea SS1 2UL2
£198K04/210.35 mi40a, Westbury Road, Southend-on-sea SS2 4DP2
£170K06/210.36 mi36a, Oakleigh Avenue, Southend-on-sea SS1 2QR2
£200K09/210.36 mi70a, South Avenue, Southend-on-sea SS2 5JB2
£198K05/230.37 mi3a, Hastings Road, Southend-on-sea SS1 2DR2
£200K09/210.37 mi43a, Swanage Road, Southend-on-sea SS2 5HX2
£140.5K03/210.38 mi40, Sutton Road, Southend-on-sea SS2 5EW2
£195K12/200.38 mi118, Trinity Road, Southend-on-sea SS2 4HW2
£210K10/200.38 mi8a, Tyrrel Drive, Southend-on-sea SS1 2LN2
£209K12/200.38 mi262, Central Avenue, Southend-on-sea SS2 4EE2
£130K08/230.39 mi75a, Tyrrel Drive, Southend-on-sea SS1 2LN2
£193K12/230.39 mi6, Tyrrel Drive, Southend-on-sea SS1 2LN2
£230K12/220.39 mi3, Hastings Road, Southend-on-sea SS1 2DR2
£200K09/210.39 mi70a, South Avenue, Southend-on-sea SS2 5JB2
£202.5K02/210.4 mi29, South Avenue, Southend-on-sea SS2 5JA2
£170K09/230.42 mi111c, York Road, Southend-on-sea SS1 2DL2
£211K12/200.42 mi209a, Stornoway Road, Southend-on-sea SS2 4NJ2
£210K09/210.45 mi41, Central Avenue, Southend-on-sea SS2 5HR2
£337K08/210.46 mi100, Victoria Road, Southend-on-sea SS1 2TF2
£130K06/210.46 mi120a, York Road, Southend-on-sea SS1 2DJ2
£195.5K03/230.46 mi89, Marks Court, Southend-on-sea SS1 2RQ2
£175K03/210.47 mi22, Marks Court, Southend-on-sea SS1 2RH2
£153K11/200.47 mi34, Marks Court, Southend-on-sea SS1 2RH2
£235K01/210.52 mi2a, Dryden Avenue, Southend-on-sea SS2 5EU2

Local Rents

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

RentDateDistanceAddressBeds 
£1,35010/230.01 mi-2
£1,45002/250.03 mi-2
£1,40012/240.03 mi-2
£1,40009/240.09 miChase Court Gardens, Southend-on-Sea2
£1,25007/240.09 mi-2
£1,10009/240.12 mi2 bedroom 1st Floor Flat in Southend on Sea2
£97509/240.12 miStromness Road, Southend-On-Sea, Essex, SS22
£1,30009/240.13 mi-2
£1,20003/250.16 mi-2
£1,20009/240.17 miSouthchurch Avenue, Southend-On-Sea2
£1,40009/240.19 mi-2
£1,45003/250.19 mi-2
£1,40009/240.19 miHighbanks, Southend on Sea2
£97512/230.2 mi-2
£1,35009/240.21 mi-2
£1,20009/240.24 miHoniton Road, Southend-On-Sea2
£1,25009/240.26 miSouthchurch Road, Southend-On-Sea, Essex, SS12
£1,25009/240.26 miSouthchurch Road, Southend-On-Sea, Essex, SS12
£1,60004/250.26 mi-2
£1,25009/240.26 miSouthchurch Road, Southend-On-Sea, Essex, SS12
£1,18509/240.29 miSouthchurch Road, Southend-on-Sea, Essex, SS1 2PW2
£1,10009/240.31 miClose To Seafront, Southend On Sea2
£1,20004/250.31 mi-2
£1,30011/240.31 mi-2
£1,30012/240.31 mi-2
£1,00009/240.32 miThe Courtyard, Southchurch Road2
£1,10009/240.33 miSouthchurch Road, Southend-On-Sea2
£1,50009/240.34 miFreemans Court, 1 Honiton Road, Southend On Sea, Essex, SS12
£1,00009/240.34 miMontague Buildings, Southchurch Road, Southend-on-Sea, Essex2
£95009/240.35 miBournemouth Park Road, Southend-On-Sea, Essex, SS22
£99502/240.35 mi-2
£99509/240.35 mi-2
£1,10003/250.35 mi-2
£1,30003/250.35 mi-2
£1,19503/250.35 mi-2
£1,20002/250.35 miSeafront, Southend On Sea2
£1,20009/240.36 miYork Road, Southend-On-Sea, Essex, SS12
£1,30009/240.36 miSouthchurch Avenue, Southend-on-Sea, Essex, SS12
£1,29508/240.36 mi-2
£1,20009/240.36 miSouthchurch Avenue, Southend On Sea2
£1,10002/240.36 mi-2
£1,05002/250.36 mi-2
£1,15009/240.37 miYork Road, Southend-on-Sea2
£90010/240.39 mi-2
£1,10008/240.39 mi-2
£2,25004/250.4 mi-2
£1,39509/240.4 miWoodgrange Drive, Southend-On-Sea2
£1,29501/250.4 mi-2

Local Area Statistics

Population in SS1

26,369

Population in Southend-on-Sea

106,129

Town centre distance

0.71 miles away

Nearest school

0.10 miles away

Nearest train station

0.21 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 23, 2025

Floor Plans

Description

  • Spacious fourth-floor apartment +
  • Allocated off-street parking +
  • Large open plan lounge/kitchen +
  • Fitted kitchen appliances +
  • Two good-sized double bedrooms +
  • Four-piece bathroom +
  • Modern furnishings throughout +
  • Elevator access +
  • Excellent amenities close by +
  • A must view property! +

Gateway is delighted to present this modern two-bedroom apartment in Southend-on-Sea.

Purpose-built in 2005, the property offers a perfect blend of comfort and style. Upon entering, you are greeted by a spacious reception room, ideal for relaxing or entertaining guests. The property boasts two lovely bedrooms, providing ample space for a small family, a couple, or even a home office, as well as a large four-piece bathroom. Totalling 677 sq ft, there is plenty of room to personalise this property and make it your own.

Other benefits include an off-street parking space for your vehicle in the gated, well-maintained communal grounds, and a fantastic array of amenities close by. Southend East Station is only a 10 minute walk away providing quick and convenient access to London.

Don't miss out, book your viewing for this fantastic apartment today!

Communal Entrance - Communal entrance featuring stairs and lift to all floors. Entrance to:

Entrance Hall - Smooth ceilings, inset downlighters, wall-mounted electric heater, telephone point, large cupboard with dual opening doors and doors to:

Kitchen/Living Room - 6.091 x 4.107 (19'11" x 13'5") - Smooth ceilings, large floor to ceiling double glazed window and door with a Juliet balcony overlooking the communal gardens, TV and telephone points and a wall-mounted electric heater. The kitchen comprises a modern range of base and eye level storage units, complemented with roll edge worktops, inset one and a quarter bowel sink with a mixer tap, four ring electric hob with an extractor fan above and a built-in oven under and integrated fridge/freezer.

Bedroom One - 3.189 x 3.164 (10'5" x 10'4") - Smooth ceiling, large double glazed window to the rear aspect overlooking the communal grounds, wall-mounted electric heater and a TV point

Bedroom Two - 4.224 x 2.744 (13'10" x 9'0") - Smooth ceilings, large double glazed window to the rear aspect overlooking the communal grounds, telephone point and a wall-mounted electric heater.

Bathroom - 2.965 x 1.719 (9'8" x 5'7") - Smooth ceilings, multiple inset downlighters, extractor fan, tiling to walls, vinyl floor, a stunning white suite comprises a sink unit with mixer tap, WC, tiled bath with mixer tap and shower attachment, large walk-in tiled shower enclosure, chrome heated tail rail.

Tenure - Leasehold Property

Length of Lease - 125 years from December 2003
Freeholder - Fairhold Holdings
Managing Agent - PACE Property Lettings and Management Ltd
Ground Rent - £250 per annum
Service Charge - approx. £3600 per annum

Please NOTE there is currently a Section 20 notice in place. The cost of these works are uncertain at present and prices are still being obtained. Costs will be divided between 74 flats.

Agent Notes - Please note that under the Estate Agents Act 1979, the sellers of the property are an employee within the Gateway Group Family of Companies.

Agent Details

Gateway, Southend

01702 967688

Next Steps?

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