2 Bed Flat, Single Let, Southend-on-Sea, SS2 6HJ, £170,000

West Street, Southend-on-sea, SS2 6HJ - 1 views - 3 months ago

Leasehold
BTL
ROI: 6%
~68 m²
+8 photos

ValuationUndervalued

Sold Prices£75K - £440K
Sold Prices/m²£1.9K/m² - £5.4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.5K/m²

Value Estimate

£211,362
BMV24%

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

£850 - £1,650

Rent Estimate

£999

Running Costs/mo

£751

Cashflow/mo

£248

Cashflow/yr

£2,975

ROI

6%

Gross Yield

7%

Local Sold Prices

50 sold prices from £75K to £440K, average is £213K. £1.9K/m² to £5.4K/m², average is £3.1K/m².

PriceDateDistanceAddressBeds 
£240K09/210.15 mi55, Shakespeare Drive, Westcliff-on-sea, Southend-on-sea SS0 9AA2
£145K07/210.21 mi24, Tunbridge Road, Southend-on-sea SS2 6LT2
£220K12/230.21 mi24a, Tunbridge Road, Southend-on-sea SS2 6LT2
£190K12/200.28 mi19, Rayleigh Avenue, Westcliff-on-sea, Southend-on-sea SS0 7DS2
£165K10/230.29 mi7a, Rayleigh Avenue, Westcliff-on-sea, Southend-on-sea SS0 7DS2
£245K05/230.33 mi11a, Shakespeare Avenue, Westcliff-on-sea, Southend-on-sea SS0 0ST2
£177K07/210.33 mi30a, Westborough Road, Westcliff-on-sea, Southend-on-sea SS0 9DP2
£220K03/230.37 mi126, East Street, Southend-on-sea SS2 5EE2
£200K11/210.39 mi259, Hamlet Court Road, Westcliff-on-sea, Southend-on-sea SS0 7DD2
£208K03/230.39 mi158, Glenwood Avenue, Westcliff-on-sea, Southend-on-sea SS0 9DT2
£205K04/210.39 mi64, Westborough Road, Westcliff-on-sea, Southend-on-sea SS0 9DL2
£213K12/230.41 mi194, Fairfax Drive, Westcliff-on-sea, Southend-on-sea SS0 9BG2
£218K11/210.42 mi96a, Ennismore Gardens, Southend-on-sea SS2 5RB2
£210K12/200.42 mi96, Ennismore Gardens, Southend-on-sea SS2 5RB2
£237.5K05/230.42 mi108a, Ennismore Gardens, Southend-on-sea SS2 5RB2
£265K12/230.43 mi57, Boston Avenue, Southend-on-sea SS2 6JH2
£235K03/230.43 mi49a, Boston Avenue, Southend-on-sea SS2 6JH2
£248K08/230.44 mi180, East Street, Southend-on-sea SS2 5EA2
£200K06/210.47 mi8, Claremont Road, Westcliff-on-sea, Southend-on-sea SS0 7DZ2
£167K05/230.47 mi154, Brightwell Avenue, Westcliff-on-sea, Southend-on-sea SS0 9EH2
£220K02/230.5 mi485a, Sutton Road, Southend-on-sea SS2 5PL2
£210K08/230.5 mi473b, Sutton Road, Southend-on-sea SS2 5PL2
£150K06/210.53 mi7, Balmoral Road, Westcliff-on-sea, Southend-on-sea SS0 7DG2
£440K12/200.53 mi1, Beeleigh Close, Southend-on-sea SS2 6PA2
£260K11/210.54 mi15, Brightwell Avenue, Westcliff-on-sea, Southend-on-sea SS0 9EB2
£75K04/210.54 miFlat 27, Martins Court, Stadium Road, Southend-on-sea SS2 5DH2
£135K11/230.56 mi1, Burdett Avenue, Westcliff-on-sea, Southend-on-sea SS0 7JN2
£225K06/210.58 mi2, Burdett Avenue, Westcliff-on-sea, Southend-on-sea SS0 7JW2
£180K11/210.6 mi83b, Princes Street, Southend-on-sea SS1 1PT2
£184.5K10/210.6 mi46, Burdett Avenue, Westcliff-on-sea, Southend-on-sea SS0 7JW2
£150K12/200.6 mi82, Burdett Avenue, Westcliff-on-sea, Southend-on-sea SS0 7JW2
£150K09/230.6 mi20, Beedell Avenue, Westcliff-on-sea, Southend-on-sea SS0 9JU2
£240.5K04/210.61 mi68a, Valkyrie Road, Westcliff-on-sea, Southend-on-sea SS0 8AP2
£235K11/200.61 mi16, St Johns Road, Westcliff-on-sea, Southend-on-sea SS0 7JZ2
£225K03/230.61 mi15a, Beedell Avenue, Westcliff-on-sea, Southend-on-sea SS0 9JT2
£205K05/210.63 mi46a, Cranley Road, Westcliff-on-sea, Southend-on-sea SS0 8AL2
£213K01/240.66 mi18a, Anerley Road, Westcliff-on-sea, Southend-on-sea SS0 7HH2
£265K05/230.66 mi50, Cranley Road, Westcliff-on-sea, Southend-on-sea SS0 8AL2
£215K04/230.68 mi3, Cranley Road, Westcliff-on-sea, Southend-on-sea SS0 8AJ2
£235K06/210.68 mi3, Elderton Road, Westcliff-on-sea, Southend-on-sea SS0 8AG2
£207.5K04/210.69 mi47, Anerley Road, Westcliff-on-sea, Southend-on-sea SS0 7HJ2
£167K03/210.69 mi89, Electric Avenue, Westcliff-on-sea, Southend-on-sea SS0 9NL2
£244K06/210.69 miGround Floor Flat, 86, St Helens Road, Westcliff-on-sea, Southend-on-sea SS0 7LE2
£220K01/210.69 mi92, St Helens Road, Westcliff-on-sea, Southend-on-sea SS0 7LE2
£235K01/210.69 mi2a, Dryden Avenue, Southend-on-sea SS2 5EU2
£200K11/210.71 mi12, Hermitage Road, Westcliff-on-sea, Southend-on-sea SS0 7NQ2
£235K10/230.71 mi10, Ashburnham Road, Southend-on-sea SS1 1QD2
£187.5K07/210.71 mi15, Napier Avenue, Southend-on-sea SS1 1LY2
£220K04/230.71 mi27a, Cotswold Road, Westcliff-on-sea, Southend-on-sea SS0 8AA2
£180K08/230.72 mi32b, Elmer Avenue, Southend-on-sea SS1 1NB2

Local Rents

36 rents from £850/mo to £1.6K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,40009/240.11 miShakespeare Drive, Westcliff-on-Sea2
£1,25010/240.12 mi-2
£1,30009/240.12 miNorth Road, Westcliff On Sea2
£1,05009/240.14 miAvebury Road, Westcliff-On-Sea2
£1,45009/240.17 miFairfax Drive, Westcliff-on-Sea, Essex, SS02
£1,00004/250.23 mi-2
£1,25009/240.23 mi-2
£1,25008/240.23 mi-2
£1,25009/240.23 mi-2
£1,30011/240.26 mi-2
£1,27509/240.27 miBeaumont Court, - Victoria Avenue, Southend-On-Sea2
£1,45011/230.27 mi-2
£1,65002/250.27 mi-2
£1,50010/240.27 mi-2
£85003/240.27 miRochford Avenue,Westcliff-On-Sea,SS02
£1,40009/240.28 miVictoria Avenue, Southend-on-Sea2
£1,35003/240.28 miBeaumont Court2
£1,25003/240.28 miBeaumont Court, Southend-On-Sea2
£1,35009/240.28 miVictoria Avenue, SOUTHEND-ON-SEA2
£1,45009/240.28 miVictoria Avenue, SOUTHEND-ON-SEA2
£1,40009/240.28 mi2 bedroom 1st Floor Flat in Southend on Sea2
£1,45009/240.28 miVictoria Avenue, SOUTHEND-ON-SEA2
£1,35009/240.28 miBeaumont Court, Victoria Avenue2
£1,35009/240.28 miBeaumont Court, Victoria Avenue, Southend on Sea2
£1,45009/240.28 miVictoria Avenue, SOUTHEND-ON-SEA2
£1,40009/240.28 miVictoria Avenue, Southend-on-Sea2
£1,00008/240.29 mi-2
£1,30004/250.29 mi-2
£1,40009/240.3 mi-2
£1,55003/250.3 mi-2
£1,35009/240.3 miSweyne Avenue, Southend On Sea2
£1,35011/240.3 mi-2
£1,50004/250.3 mi-2
£1,35002/250.3 mi-2
£1,35003/250.3 mi-2
£1,28001/250.31 mi-2

Local Area Statistics

Population in SS2

36,418

Population in Southend-on-Sea

106,129

Town centre distance

0.77 miles away

Nearest school

0.20 miles away

Nearest train station

0.38 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 27, 2025

Floor Plans

Description

  • Good size rooms +
  • Own garden area +
  • Ready to move in +
  • Close to all local amenities +
  • Modern and clean +
  • Two bedroom ground floor flat +
  • Lease 115 years remaining +
  • No onward chain +

Great location close to all local amenities. Two bedroom ground floor flat with its own garden area. A property ready to move into with a long lease and no onward chain. Modern and clean with good size rooms, a great investment or first time purchase.  Double glazed door to: Lounge: 12'9 x 9'4 Double glazed window to front, wood effect flooring. Bedroom: 9'5 x 9'2 Double glazed window to rear, wood effect flooring, radiator. Bathroom: Bath with mixer taps, pedestal wash hand basin and mixer taps, low level WC, tiling to walls, tiled flooring, heated towel rail. Kitchen: L-shaped 12'8 max x 6'2 plus recess Double glazed window and door to rear, matching eye and base units, built in oven and gas hob, single drainer sink unit with taps, tiling to walls, wall mounted boiler. Bedroom: 10' x 9' Double glazed window to rear, wood effect flooring. Garden area, storage shed, patio area, fencing. Service charge is £50.17 per month. 115 years remaining on lease.

EPC band: D Disclaimer Whilst we make enquiries with the Seller to ensure the information provided is accurate, Yopa makes no representations or warranties of any kind with respect to the statements contained in the particulars which should not be relied upon as representations of fact. All representations contained in the particulars are based on details supplied by the Seller. Your Conveyancer is legally responsible for ensuring any purchase agreement fully protects your position. Please inform us if you become aware of any information being inaccurate. Money Laundering Regulations Should a purchaser(s) have an offer accepted on a property marketed by Yopa, they will need to undertake an identification check and asked to provide information on the source and proof of funds. This is done to meet our obligation under Anti Money Laundering Regulations (AML) and is a legal requirement. We use a specialist third party service together with an in-house compliance team to verify your information. The cost of these checks is £70 +VAT per purchase, which is paid in advance, when an offer is agreed and prior to a sales memorandum being issued. This charge is non-refundable under any circumstances.

Agent Details

Yopa, East Anglia & London

01270 447764

Next Steps?

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