2 Bed Flat, Single Let, Southend-on-Sea, SS1 2TW, £175,000

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

Leasehold
BTL
ROI: 6%
~68 m²
+7 photos

ValuationUndervalued

Sold Prices£1 - £337K
Sold Prices/m²£0/m² - £5.1K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.6K/m²

Value Estimate

£214,063
BMV22%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£43,750

Stamp Duty & Legal Fees

£6,450

Total Cash In

£50,200

 

 

Cash Out

 

Rent Range

£850 - £2,500

Rent Estimate

£1,006

Running Costs/mo

£768

Cashflow/mo

£238

Cashflow/yr

£2,855

ROI

6%

Gross Yield

7%

Local Sold Prices

51 sold prices from £1 to £337K, average is £200K. £0/m² to £5.1K/m², average is £3.1K/m².

PriceDateDistanceAddressBeds 
£220K03/230.08 mi51, Eastern Esplanade, Southend-on-sea SS1 2ES2
£103/210.12 mi31, Northumberland Avenue, Southend-on-sea SS1 2TH2
£240K11/210.14 mi3, Jetty Mews, Southend-on-sea SS1 2AG2
£195.5K03/230.14 mi89, Marks Court, Southend-on-sea SS1 2RQ2
£215K10/200.14 mi23, Retort Close, Southend-on-sea SS1 2AQ2
£220K01/230.17 mi28, Retort Close, Southend-on-sea SS1 2AQ2
£337K08/210.17 mi100, Victoria Road, Southend-on-sea SS1 2TF2
£175K03/210.18 mi22, Marks Court, Southend-on-sea SS1 2RH2
£153K11/200.18 mi34, Marks Court, Southend-on-sea SS1 2RH2
£200K10/200.18 mi2, Retort Close, Southend-on-sea SS1 2AQ2
£230K07/230.18 miFlat 15, Melville Court, Victoria Road, Southend-on-sea SS1 2TQ2
£192K04/210.21 mi21a, Kensington Road, Southend-on-sea SS1 2SX2
£290K06/230.21 mi45a, Kensington Road, Southend-on-sea SS1 2SX2
£217.5K01/230.25 mi11a, Cheltenham Road, Southend-on-sea SS1 2SB2
£197K12/200.34 mi53, Leamington Road, Southend-on-sea SS1 2SW2
£267.5K07/210.35 mi1a, Chester Avenue, Southend-on-sea SS1 2YW2
£189K03/210.35 mi55, Cheltenham Road, Southend-on-sea SS1 2SA2
£267.5K07/210.36 mi1a, Chester Avenue, Southend-on-sea SS1 2YW2
£190K06/210.36 mi43a, Honiton Road, Southend-on-sea SS1 2RY2
£155K12/220.37 mi109, Southchurch Avenue, Southend-on-sea SS1 2RW2
£177.5K11/200.38 mi131a, Brunswick Road, Southend-on-sea SS1 2UL2
£320K05/210.38 mi132, Southchurch Avenue, Southend-on-sea SS1 2RP2
£265K06/230.39 mi6a, Chelsea Avenue, Southend-on-sea SS1 2YL2
£245K01/230.39 mi12, Cromer Road, Southend-on-sea SS1 2DU2
£215K04/210.4 mi123, Eastern Esplanade, Southend-on-sea SS1 2YH2
£197.5K12/230.41 mi49, Ambleside Drive, Southend-on-sea SS1 2UT2
£175K08/210.41 mi59, Ambleside Drive, Southend-on-sea SS1 2UT2
£280K10/210.41 mi6, Chelsea Avenue, Southend-on-sea SS1 2YL2
£330K09/210.42 mi111, Ambleside Drive, Southend-on-sea SS1 2UP2
£230K12/220.42 mi3, Hastings Road, Southend-on-sea SS1 2DR2
£170K09/230.44 mi111c, York Road, Southend-on-sea SS1 2DL2
£130K06/210.44 mi120a, York Road, Southend-on-sea SS1 2DJ2
£148.5K06/210.45 mi11, Kilworth Avenue, Southend-on-sea SS1 2DS2
£198K05/230.47 mi3a, Hastings Road, Southend-on-sea SS1 2DR2
£210K12/230.53 mi9a, Lancaster Gardens, Southend-on-sea SS1 2NS2
£192.5K10/230.56 mi15a, Lovelace Avenue, Southend-on-sea SS1 2QU2
£200K06/210.59 mi31a, Christchurch Road, Southend-on-sea SS2 4JS2
£130K08/230.59 mi75a, Tyrrel Drive, Southend-on-sea SS1 2LN2
£193K12/230.59 mi6, Tyrrel Drive, Southend-on-sea SS1 2LN2
£210K10/200.6 mi8a, Tyrrel Drive, Southend-on-sea SS1 2LN2
£300K07/230.62 mi12, Plas Newydd Close, Southend-on-sea SS1 3AH2
£180K03/210.62 mi16a, Stromness Road, Southend-on-sea SS2 4JQ2
£170K06/210.63 mi36a, Oakleigh Avenue, Southend-on-sea SS1 2QR2
£270K11/210.64 mi4, Bellevue Mews, Southend-on-sea SS2 4PE2
£192.5K06/210.65 mi27a, Stromness Road, Southend-on-sea SS2 4JG2
£200K10/210.65 mi39, Stromness Road, Southend-on-sea SS2 4JG2
£200K03/210.65 mi78, Boscombe Road, Southend-on-sea SS2 4JP2
£180K05/210.65 mi101a, Boscombe Road, Southend-on-sea SS2 4JP2
£220K10/230.66 miGround Floor Flat, 28, Whitegate Road, Southend-on-sea SS1 2LQ2
£177K03/210.66 mi11a, Oban Road, Southend-on-sea SS2 4JJ2
£177K03/210.66 mi11a, Oban Road, Southend-on-sea SS2 4JJ2

Local Rents

50 rents from £850/mo to £2.5K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£2,50002/250.06 mi-2
£1,50003/250.06 mi-2
£1,30007/240.1 mi-2
£1,25009/240.13 miManilla Road, Southend-on-Sea2
£1,00009/240.14 miMarks Court, Southend-On-Sea2
£1,15009/240.14 miRetort Close, Southend on Sea2
£1,14503/250.17 mi-2
£1,00009/240.17 miSouthchurch Avenue, Southend-On-Sea2
£1,50007/240.21 mi-2
£1,50008/240.21 mi-2
£1,55008/240.21 mi-2
£1,19503/250.21 mi-2
£1,05002/250.22 mi-2
£1,10002/240.23 mi-2
£1,10009/240.25 miClose To Seafront, Southend On Sea2
£1,20002/250.26 miSeafront, Southend On Sea2
£1,50009/240.26 miFreemans Court, 1 Honiton Road, Southend On Sea, Essex, SS12
£92509/240.27 miNorthumberland Crescent, Southend On Sea2
£1,30009/240.28 miSouthchurch Avenue, Southend-on-Sea, Essex, SS12
£90010/240.29 mi-2
£1,20009/240.29 miSouthchurch Avenue, Southend On Sea2
£1,07509/240.29 miCamper Road, Southend On Sea2
£1,40007/240.32 mi-2
£1,39509/240.32 miWoodgrange Drive, Southend-On-Sea2
£2,25004/250.32 mi-2
£99502/240.33 mi-2
£99509/240.33 mi-2
£1,10003/250.33 mi-2
£1,20009/240.34 miYork Road, Southend-On-Sea, Essex, SS12
£1,20009/240.35 miHoniton Road, Southend-On-Sea2
£1,60004/250.38 mi-2
£1,10008/240.38 mi-2
£1,15009/240.4 miYork Road, Southend-on-Sea2
£1,40009/240.4 miEastern Esplanade, Waterside, SS12
£1,30003/250.41 mi-2
£1,20004/250.43 mi-2
£2,07009/240.44 mi-2
£2,07009/240.44 miNorthumberland Crescent, Southend-On-Sea, SS12
£1,40009/240.45 miChase Court Gardens, Southend-on-Sea2
£1,25007/240.45 mi-2
£1,12508/240.46 mi-2
£1,30009/240.47 miElizabeth Road, Southend on sea, Southend on Sea, 2
£1,29501/250.47 mi-2
£85010/240.48 mi-2
£1,05001/250.5 mi-2
£1,77509/240.51 miChurch Road, Southend-On-Sea, Essex, SS12
£1,80009/240.51 miChurch Road, Southend-On-Sea, Essex, SS12
£1,10009/240.51 mi2 bedroom 1st Floor Flat in Southend on Sea2
£1,50009/240.52 miEastern Esplanade, Southend-On-Sea2
£1,50009/240.52 miEastern Esplanade, Southend-On-Sea, Essex, SS12

Local Area Statistics

Population in SS1

26,369

Population in Southend-on-Sea

106,129

Town centre distance

1.22 miles away

Nearest school

0.50 miles away

Nearest train station

0.46 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+40%

Sales demand

Buyer's market

Capital growth (5yrs)

+21%

Property History

Listed for £175,000

January 27, 2025

Floor Plans

Description

  • Two Bedroom First Floor Flat +
  • 12'11 Lounge +
  • One Double & One Single Bedroom +
  • 10'1 Kitchen +
  • Fully Double Glazed +
  • Gas Central Heating +
  • Own Section Of South Facing Garden +
  • Yards From Seafront & Within Easy Access Of Rail Stations & City Centre +
  • No Onward Chain +
  • EPC Rating 'TBC' +

Offered with no onward chain and located just yards from the seafront and within easy access of Southchurch Park, rail stations and the city centre is this two bedroom first floor flat. Offering a 12'11 lounge, one double and one single bedroom as well as a kitchen and bathroom, the property further benefits from a large landing and has double glazed windows and gas central heating. With a section of rear garden accessed via a rear alleyway and residents on street permit parking available, there is 150 years remaining lease term and viewing is recommended.

Accommodation Comprising - Front door leading to communal entrance lobby with own front door to...

Entrance Hall - Staircase to a spacious first floor landing, radiator, loft access (we are advised that there is a drop down ladder and the loft space is partially boarded with a light connected), doors off to...

Lounge - 3.94m x 3.68m (12'11 x 12'1) - Double glazed windows to front, radiator, coved ceiling...

Bedroom 1 - 3.94m x 3.63m (12'11 x 11'11) - Double glazed window to rear, radiator...

Bedroom 2 - 2.62m x 1.83m (8'7 x 6') - Double glazed window to front, radiator...

Separate W.C. - White low level W.C., obscure double glazed window to side...

Bathroom - 1.78m x 1.57m (5'10 x 5'2) - White suite comprising panelled bath, pedestal wash hand basin, tiled splashbacks, radiator, obscure double glazed window to side...

Kitchen - 3.07m x 2.39m plus door recess (10'1 x 7'10 plus d - Range of fitted base units with toning roll edged working surfaces over, inset single drainer stainless steel sink unit, gas cooker point, space and plumbing for washing machine, space for fridge/ freezer, matching wall mounted units, wall mounted gas central heating & hot water boiler, tiled splashbacks, radiator, double glazed window to rear...

Externally -

Rear Garden - Own section of south facing rear garden accessed via alleyway from Burdett Road, currently overgrown and in need of clearing and cultivating...

Residents Permit Parking - The property is situated within a residents parking permit zone with an annual permit costing £18.50 from the Local Authority ( price correct at time of printing, more information can be found at - )

Agent Details

1st Call Sales & Lettings, Southend

01702 967930

Next Steps?

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