6 Bed HMO, Southend-on-Sea, SS2 4NG, £425,000

Glenmore Street, Southend-On-Sea, HMO Investment Opportunity - Spacious 6-Bedroom Terraced Property in Prime Southend Lo, SS2 4NG - 7 views - 2 months ago

HMO
ROI: 7%
~186 m²
+11 photos

ValuationUndervalued

Sold Prices£320K - £1.9M
Sold Prices/m²£2.8K/m² - £7.5K/m²

 

 

Square Metres

~186 m²
Price/m²£2.3K/m²

Value Estimate

£590,400
BMV23%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£106,250

Stamp Duty & Legal Fees

£27,100

Total Cash In

£133,350

 

 

Cash Out

 

Room Rate

£637

Gross Rent

£3,822

Running Costs/mo

£2,832

Cashflow/mo

£990

Cashflow/yr

£11,883

ROI

9%

Gross Yield

11%

Local Sold Prices

25 sold prices from £320K to £1.9M, average is £830K. £2.8K/m² to £7.5K/m², average is £3.9K/m².

PriceDateDistanceAddressBeds 
£406.5K06/210.3 mi4, Eros Avenue, Southend-on-sea SS2 4GN6
£690K10/200.67 mi165, Southchurch Boulevard, Southend-on-sea SS2 4UT6
£600K06/210.68 mi167, Southchurch Boulevard, Southend-on-sea SS2 4UT6
£672.5K12/200.86 mi43, Clieveden Road, Southend-on-sea SS1 3BJ6
£1.6M01/211 mi80, Thorpe Hall Avenue, Southend-on-sea SS1 3AS6
£875K01/211.04 mi10, Fermoy Road, Southend-on-sea SS1 3HA6
£1.2M01/231.09 mi19, Tyrone Road, Thorpe Bay, Southend-on-sea SS1 3HE6
£930K06/211.22 mi72, Parkanaur Avenue, Southend-on-sea SS1 3JB6
£1.9M06/211.26 mi39, Thorpe Bay Gardens, Southend-on-sea SS1 3NR6
£870K03/211.27 mi168, Shoebury Road, Southend-on-sea SS1 3RQ6
£830K03/231.36 mi42, Park Road, Westcliff-on-sea, Southend-on-sea SS0 7PQ6
£492K02/231.37 mi4, Eastern Avenue, Southend-on-sea SS2 5QU6
£780K04/211.62 mi37, Challacombe, Southend-on-sea SS1 3TY6
£780K04/211.62 mi37, Challacombe, Southend-on-sea SS1 3TY6
£820K04/211.69 mi167, Bishopsteignton, Shoeburyness, Southend-on-sea SS3 8BQ6
£760K06/211.73 mi33, Cossington Road, Westcliff-on-sea, Southend-on-sea SS0 7NG6
£320K03/211.87 mi36, Antrim Road, Shoeburyness, Southend-on-sea SS3 9LH6
£855K09/212.14 mi27, Pembury Road, Westcliff-on-sea, Southend-on-sea SS0 8DU6
£875K10/202.14 mi49, Crowstone Road, Westcliff-on-sea, Southend-on-sea SS0 8BG6
£710K06/212.17 mi122, Ness Road, Shoeburyness, Southend-on-sea SS3 9DJ6
£875K04/212.46 mi45, Crosby Road, Westcliff-on-sea, Southend-on-sea SS0 8LF6
£846K05/212.56 mi73, Kings Road, Westcliff-on-sea, Southend-on-sea SS0 8PH6
£910K03/212.64 mi15, Meadway, Westcliff-on-sea, Southend-on-sea SS0 8PJ6
£550K08/232.65 mi21, Eastwood Lane South, Westcliff-on-sea, Southend-on-sea SS0 9XH6
£900K12/202.84 mi43, Cliff Road, Leigh-on-sea, Southend-on-sea SS9 1HG6

Local Area Statistics

Population in SS2

36,418

Population in Southend-on-Sea

106,129

Town centre distance

0.86 miles away

Nearest school

0.30 miles away

Nearest train station

0.29 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+8%

Sales demand

Balanced market

Capital growth (5yrs)

+24%

Property History

Price changed to £425,000

March 28, 2025

Price changed to £450,000

February 24, 2025

Listed for £480,000

February 6, 2025

Floor Plans

Description

  • TERRACED HOUSE +
  • 6 BED HMO +
  • COMMUNAL KITCHEN +
  • RECENTLY REFUBISHED +
  • TURN KEY HMO +

HMO Investment Opportunity - Spacious 6-Bedroom Terraced Property in Prime Southend Location

We are delighted to present this fantastic investment opportunity - a well-maintained, 6-bedroom HMO (House in Multiple Occupation) located in a highly convenient and sought-after area of Southend. Situated within close proximity to Southend East Train Station, excellent bus links, and a wide range of local amenities, this property offers an ideal balance of convenience and accessibility for tenants.

Type: Large Terraced House

Bedrooms: 6 Spacious Rooms

Bathrooms: 3 Ensuite Rooms + 3 Rooms Sharing a Communal Bathroom

Current Occupancy: 3 Rooms Currently Let

Rental Income: £2,100 per month from 3 occupied rooms, with potential for significantly higher income when fully let

Key Features:
Prime Location: Situated in a highly desirable area, offering excellent transport links and access to Southend's vibrant town centre, seafront, and leisure facilities.

Spacious & Well-Designed: The property boasts six generously sized bedrooms, three of which benefit from their own private ensuite bathrooms, while the remaining three share a well-maintained communal bathroom.

Communal Living Areas: A well-appointed shared kitchen and dining space provide a comfortable and practical environment for tenants.

Outdoor Space: A private rear garden.

Strong Investment Potential: With three rooms currently occupied and generating £2,100 per month, this HMO presents an excellent opportunity for investors looking to maximise rental yields.
Proximity to Transport Links: Southend East Train Station is just a short walk away, providing quick and easy access to London via the C2C line. Regular bus services also operate nearby, making commuting effortless.

Local Amenities: The property is within easy reach of supermarkets, shops, restaurants, and essential services, making it highly appealing to prospective tenants.

Investment Potential:
This HMO offers an exceptional opportunity for landlords and investors seeking a high-yield rental property in a prime location. With full occupancy, the potential rental income could be significantly increased, making this an attractive proposition for those looking to expand their portfolio.

Viewing & Further Information:
This is a rare opportunity to acquire a large, well-positioned HMO in Southend. Viewings are highly recommended to fully appreciate the potential of this fantastic investment. For further details or to arrange a viewing, please contact us today.

Don't miss out on this superb investment opportunity in Southend's thriving rental market!

Agent Details

Ocean Residential, Westcliff-on-Sea

01702 967924

Next Steps?

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