3 Bed Terraced House, Refurb/BRRR, Southend-on-Sea, SS2 5DS, £250,000

Glenhurst Road, Southend-On-Sea, SS2 5DS - 8 views - 3 months ago

Sold STC
Refurb/BRRR
ROI: 3%
~93 m²
+7 photos

ValuationFair Value

Sold Prices£233K - £475K
Sold Prices/m²£2.4K/m² - £4.9K/m²

 

 

Square Metres

~93 m²
Price/m²£2.7K/m²

Value Estimate

£250,000

 

 

End Value (After Refurb)

£303,209

Uplift in Value

+21%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£62,500

Stamp Duty & Legal Fees

£8,700

Refurb Costs

£44,786

Bridging Loan Interest

£6,563

Total Cash In

£124,298

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£303,209

Mortgage (After Refinance)

£227,407

Mortgage LTV

75%

Cash Released

£39,907

Cash Left In

£84,391

Equity

£75,802

Rent Range

£950 - £2,000

Rent Estimate

£1,661

Running Costs/mo

£1,300

Cashflow/mo

£361

Cashflow/yr

£4,335

ROI

3%

Gross Yield

8%

Local Sold Prices

51 sold prices from £233K to £475K, average is £340K. £2.4K/m² to £4.9K/m², average is £3.5K/m².

PriceDateDistanceAddressBeds 
£350K12/210.05 mi22, Oakhurst Road, Southend-on-sea SS2 5DT3
£350K03/210.05 mi46, Oakhurst Road, Southend-on-sea SS2 5DT3
£306K11/200.06 mi10, Glenhurst Road, Southend-on-sea SS2 5DS3
£345K05/210.06 mi30, Glenhurst Road, Southend-on-sea SS2 5DS3
£375K07/230.07 mi13, Glenhurst Road, Southend-on-sea SS2 5DR3
£317K04/210.1 mi115, East Street, Southend-on-sea SS2 5EB3
£345K04/230.16 mi62, Royston Avenue, Southend-on-sea SS2 5JZ3
£390K02/240.16 mi48, Royston Avenue, Southend-on-sea SS2 5JZ3
£285K07/210.16 mi61, Royston Avenue, Southend-on-sea SS2 5JY3
£305K04/240.16 mi63, Royston Avenue, Southend-on-sea SS2 5JY3
£327K11/230.17 mi1, Bircham Road, Southend-on-sea SS2 5DN3
£335K10/230.17 mi14, Bircham Road, Southend-on-sea SS2 5DN3
£290K02/210.17 mi27, Gayton Road, Southend-on-sea SS2 5DL3
£360K08/230.17 mi26, Gayton Road, Southend-on-sea SS2 5DL3
£325K06/230.17 mi25, Gayton Road, Southend-on-sea SS2 5DL3
£267K08/210.18 mi14, Browning Avenue, Southend-on-sea SS2 5HF3
£355K08/230.19 mi9, Ennismore Gardens, Southend-on-sea SS2 5RA3
£355K08/230.19 mi9, Ennismore Gardens, Southend-on-sea SS2 5RA3
£348K02/210.2 mi48, Ennismore Gardens, Southend-on-sea SS2 5RB3
£233K07/230.2 mi50, Ennismore Gardens, Southend-on-sea SS2 5RB3
£400K06/230.2 mi100, Ennismore Gardens, Southend-on-sea SS2 5RB3
£370K10/230.2 mi12, Ennismore Gardens, Southend-on-sea SS2 5RB3
£380K01/210.21 mi17, Stuart Road, Southend-on-sea SS2 5JS3
£315K04/210.21 mi10, Redstock Road, Southend-on-sea SS2 5DJ3
£311K01/240.21 mi1, Redstock Road, Southend-on-sea SS2 5DJ3
£280K11/200.22 mi48, Tickfield Avenue, Southend-on-sea SS2 6LL3
£425K08/230.22 mi32, Tickfield Avenue, Southend-on-sea SS2 6LL3
£340K11/230.22 mi27, Tickfield Avenue, Southend-on-sea SS2 6LL3
£339K02/210.25 mi84, Crowborough Road, Southend-on-sea SS2 6LP3
£280K03/210.25 mi50, Priory Avenue, Southend-on-sea SS2 6LD3
£270K01/240.26 mi46, Priory Avenue, Southend-on-sea SS2 6LD3
£278K01/210.26 mi109, Royston Avenue, Southend-on-sea SS2 5LB3
£380K10/230.26 mi67, Royston Avenue, Southend-on-sea SS2 5LB3
£275K11/200.27 mi14, Tennyson Avenue, Southend-on-sea SS2 5HD3
£285K01/210.28 mi21, Stadium Road, Southend-on-sea SS2 5DH3
£315K02/230.28 mi7, Cromwell Road, Southend-on-sea SS2 5NG3
£272.5K02/230.29 mi33, Shelley Square, Southend-on-sea SS2 5JP3
£372.5K08/230.29 mi61, Tunbridge Road, Southend-on-sea SS2 6LT3
£385K12/220.3 mi66, Cromwell Road, Southend-on-sea SS2 5NQ3
£405K12/220.32 mi27, St Marys Road, Southend-on-sea SS2 6JR3
£400K09/230.32 mi81, St Marys Road, Southend-on-sea SS2 6JR3
£315K01/210.32 mi63, Cromwell Road, Southend-on-sea SS2 5NG3
£375K10/210.32 mi28, Regency Green, Southend-on-sea SS2 6LU3
£367K03/210.33 mi29, Edith Road, Southend-on-sea SS2 6JU3
£310K02/210.33 mi37, Edith Road, Southend-on-sea SS2 6JU3
£315K02/210.33 mi7, Edith Road, Southend-on-sea SS2 6JU3
£395K02/240.34 mi275, Bournemouth Park Road, Southend-on-sea SS2 5LE3
£330K08/230.34 mi298, Bournemouth Park Road, Southend-on-sea SS2 5LX3
£475K10/220.35 mi278, Bournemouth Park Road, Southend-on-sea SS2 5LX3
£340K11/210.35 mi218, Bournemouth Park Road, Southend-on-sea SS2 5LU3
£357.5K02/230.36 mi46, Eastern Avenue, Southend-on-sea SS2 5NF3

Local Rents

25 rents from £950/mo to £2K/mo, average is £1.7K/mo.

RentDateDistanceAddressBeds 
£1,75001/250.12 mi-3
£1,75001/250.12 mi-3
£1,57509/240.25 miWentworth Road, Southend-On-Sea, Essex, SS23
£1,50011/240.25 mi-3
£1,60009/240.27 miTennyson Avenue, Southend on Sea, SS23
£1,60003/240.28 miTunbridge Road, Southend-on-Sea, Essex, SS23
£1,90011/230.31 mi-3
£1,65002/240.31 mi-3
£1,70004/250.31 mi-3
£1,72501/250.32 mi-3
£2,00012/240.38 mi-3
£1,70011/240.44 mi-3
£1,70011/230.45 mi-3
£1,74003/250.45 mi-3
£1,95004/250.45 mi-3
£1,75012/240.52 mi-3
£1,65010/240.55 mi-3
£1,65010/240.55 mi-3
£1,70003/250.55 mi-3
£95009/240.56 mi-3
£1,45009/240.56 miPenthouse, West Road, SS03
£1,85003/250.56 mi-3
£1,30009/240.57 miBournemouth Park Road, Southend on Sea3
£1,60004/250.58 mi-3
£1,30009/240.59 miShakespeare Drive, Westcliff-on-Sea3

Local Area Statistics

Population in SS2

36,418

Population in Southend-on-Sea

106,129

Town centre distance

0.31 miles away

Nearest school

0.10 miles away

Nearest train station

0.16 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+8%

Sales demand

Balanced market

Capital growth (5yrs)

+24%

Property History

Listed for £250,000

January 30, 2025

Floor Plans

Description

  • In Need Of Full Refurbishment +
  • No Onward Chain +
  • Three Bedrooms +
  • Two Reception Rooms +
  • Popular Location +
  • 0.2 Miles From Prittlewell Station +
  • Excellently Positioned - Close To Town Centre +
  • Viewing Advised +

GUIDE PRICE £250,000 - £275,000

OPEN DAY SATURDAY 8th FEBRUARY 2025 10:30 - 11:30 AM VIEWING STRICTLY BY APPOINTMENT ONLY Situated in a sought-after location just 0.2 miles from Prittlewell Station, this three-bedroom terraced house presents an exceptional opportunity for those seeking a renovation project within close proximity to the town centre. Boasting two reception rooms, this property offers a versatile layout that can be tailored to suit individual preferences and needs.

In need of full refurbishment, this property offers a blank canvas for those looking to add their personal touch and create a home that perfectly reflects their style. With no onward chain, prospective buyers can take advantage of a smooth transaction process, allowing for a hassle-free purchase.

The property's three well-proportioned bedrooms provide ample space for a growing family or those in need of a home office or extra storage space. The two reception rooms offer flexibility in terms of layout and function, providing the perfect space for both relaxation and entertainment.

This property is excellently positioned, offering easy access to local amenities, schools, and transport links. The close proximity to the town centre ensures that residents have everything they need right at their doorstep, from shops and restaurants to leisure facilities and public transport connections.

With its convenient location and potential for transformation, this property presents an exciting opportunity for buyers looking to create a home tailored to their specifications. Viewing is highly recommended to fully appreciate the scope and potential that this property has to offer.

In summary, this three-bedroom terraced house in need of full refurbishment offers a fantastic opportunity for those looking to create their dream home in a popular location close to the town centre. With its versatile layout, convenient location, and no onward chain, this property is sure to attract interest from a wide range of prospective buyers. Viewing is advised to fully grasp the potential that this property holds.

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Agent Details

Youngs Residential, Covering Essex

01268 202940

Next Steps?

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