2 Bed Flat, Single Let, Leigh-on-Sea, SS9 2LT, £200,000

Flat 9, Highfield Cloisters, Hadleigh Road, Leigh-on-Sea, Essex, SS9 2LT - 1 views - 2 months ago

Sold STC
Auction
BTL
ROI: 6%
~68 m²
+7 photos

ValuationUndervalued

Sold Prices£195K - £590K
Sold Prices/m²£2.5K/m² - £6.6K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.9K/m²

Value Estimate

£248,000
BMV24%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£50,000

Stamp Duty & Legal Fees

£7,200

Total Cash In

£57,200

 

 

Cash Out

 

Rent Range

£995 - £3,000

Rent Estimate

£1,174

Running Costs/mo

£880

Cashflow/mo

£294

Cashflow/yr

£3,530

ROI

6%

Gross Yield

7%

Local Sold Prices

52 sold prices from £195K to £590K, average is £282.5K. £2.5K/m² to £6.6K/m², average is £4.6K/m².

PriceDateDistanceAddressBeds 
£340K11/200.11 mi115, Salisbury Road, Leigh-on-sea, Southend-on-sea SS9 2JN2
£364K01/210.16 mi88, Grange Road, Leigh-on-sea, Southend-on-sea SS9 2HT2
£425K09/210.17 mi34a, Marine Parade, Leigh-on-sea, Southend-on-sea SS9 2NB2
£230K05/210.22 mi98, Herschell Road, Leigh-on-sea, Southend-on-sea SS9 2PU2
£305K03/210.26 mi106a, Glendale Gardens, Leigh-on-sea, Southend-on-sea SS9 2AY2
£240K05/210.26 mi1533, London Road, Leigh-on-sea, Southend-on-sea SS9 2SF2
£220K02/210.29 mi1593a, London Road, Leigh-on-sea, Southend-on-sea SS9 2SG2
£270K06/210.3 mi123a, Southsea Avenue, Leigh-on-sea, Southend-on-sea SS9 2BH2
£301K06/230.33 mi24, Southsea Avenue, Leigh-on-sea, Southend-on-sea SS9 2AX2
£265K07/230.33 mi46, Southsea Avenue, Leigh-on-sea, Southend-on-sea SS9 2AX2
£265K07/230.33 mi46, Southsea Avenue, Leigh-on-sea, Southend-on-sea SS9 2AX2
£270K10/200.34 mi30, Laurel Close, Leigh-on-sea, Southend-on-sea SS9 2EE2
£368K02/210.36 mi170a, Western Road, Leigh-on-sea, Southend-on-sea SS9 2PL2
£207.5K02/210.39 miFlat 77, St Clements Court East, Broadway West, Leigh-on-sea, Southend-on-sea SS9 2BS2
£268K02/210.39 miFlat 91, St Clements Court East, Broadway West, Leigh-on-sea, Southend-on-sea SS9 2BS2
£255K03/230.39 miFlat 89, St Clements Court East, Broadway West, Leigh-on-sea, Southend-on-sea SS9 2BS2
£215K09/230.39 miFlat 85, St Clements Court East, Broadway West, Leigh-on-sea, Southend-on-sea SS9 2BS2
£280K12/220.39 miFlat 86, St Clements Court East, Broadway West, Leigh-on-sea, Southend-on-sea SS9 2BS2
£265K10/230.43 mi127, Elm Road, Leigh-on-sea, Southend-on-sea SS9 1SP2
£235K01/210.43 mi12a, Station Road, Leigh-on-sea, Southend-on-sea SS9 1SU2
£235K01/210.43 mi12a, Station Road, Leigh-on-sea, Southend-on-sea SS9 1SU2
£290K02/210.45 mi164a, Elm Road, Leigh-on-sea, Southend-on-sea SS9 1SQ2
£270K02/210.46 mi1, Cranleigh Drive, Leigh-on-sea, Southend-on-sea SS9 1SX2
£295K10/200.47 mi22, Victoria Drive, Leigh-on-sea, Southend-on-sea SS9 1SF2
£227.5K12/200.47 mi42, Victoria Drive, Leigh-on-sea, Southend-on-sea SS9 1SF2
£340K06/210.47 mi22a, Victoria Drive, Leigh-on-sea, Southend-on-sea SS9 1SF2
£260K07/210.47 mi1a, Cranleigh Drive, Leigh-on-sea, Southend-on-sea SS9 1SX2
£300K12/220.48 mi15, Victoria Drive, Leigh-on-sea, Southend-on-sea SS9 1SF2
£590K04/210.49 mi7, Leigh Hill, Leigh-on-sea, Southend-on-sea SS9 2DR2
£590K04/210.49 mi7, Leigh Hill, Leigh-on-sea, Southend-on-sea SS9 2DR2
£280K11/200.5 mi193a, Elm Road, Leigh-on-sea, Southend-on-sea SS9 1SB2
£295K12/220.51 mi35a, Torquay Drive, Leigh-on-sea, Southend-on-sea SS9 1SD2
£292.5K09/230.51 mi256a, Elm Road, Leigh-on-sea, Southend-on-sea SS9 1SA2
£315K08/230.53 mi24, Torquay Drive, Leigh-on-sea, Southend-on-sea SS9 1SE2
£285K10/200.55 mi49a, Dawlish Drive, Leigh-on-sea, Southend-on-sea SS9 1QX2
£285K10/200.55 mi49a, Dawlish Drive, Leigh-on-sea, Southend-on-sea SS9 1QX2
£195K11/200.56 mi1480a, London Road, Leigh-on-sea, Southend-on-sea SS9 2UR2
£275K12/200.56 mi1486a, London Road, Leigh-on-sea, Southend-on-sea SS9 2UR2
£275K05/210.56 mi1486c, London Road, Leigh-on-sea, Southend-on-sea SS9 2UR2
£220K09/210.56 mi1480c, London Road, Leigh-on-sea, Southend-on-sea SS9 2UR2
£287.5K12/230.58 mi97a, Tankerville Drive, Leigh-on-sea, Southend-on-sea SS9 3DB2
£297K12/230.58 mi12, East Street, Leigh-on-sea, Southend-on-sea SS9 1QF2
£295K06/230.61 mi64a, Leigh Hall Road, Leigh-on-sea, Southend-on-sea SS9 1QZ2
£280K09/210.62 mi8, Alexandra Road, Leigh-on-sea, Southend-on-sea SS9 1QD2
£261.5K06/210.62 mi29a, Leigh Hall Road, Leigh-on-sea, Southend-on-sea SS9 1RL2
£263K03/210.63 mi103a, Oakleigh Park Drive, Leigh-on-sea, Southend-on-sea SS9 1RR2
£328K10/230.63 mi87a, Oakleigh Park Drive, Leigh-on-sea, Southend-on-sea SS9 1RR2
£325K08/230.64 mi130, Oakleigh Park Drive, Leigh-on-sea, Southend-on-sea SS9 1RU2
£330K01/230.65 mi130a, Oakleigh Park Drive, Leigh-on-sea, Southend-on-sea SS9 1RU2
£300K12/220.65 mi32b, Leigh Hall Road, Leigh-on-sea, Southend-on-sea SS9 1RN2
£310K11/200.65 mi144a, Pall Mall, Leigh-on-sea, Southend-on-sea SS9 1RA2
£285K01/230.65 mi78a, Oakleigh Park Drive, Leigh-on-sea, Southend-on-sea SS9 1RS2

Local Rents

28 rents from £995/mo to £3K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,25009/240.05 miLeigh on Sea - Marine Estate2
£1,25009/240.08 miHadleigh Road, Leigh On Sea, Essex2
£1,25009/240.14 miSalisbury Road, Leigh-on-Sea2
£3,00009/240.21 mi-2
£1,25009/240.25 miLondon Road, Leigh-on-Sea2
£1,40009/240.26 miGlendale Gardens, Leigh-on-Sea2
£1,42503/250.27 mi-2
£1,45006/240.3 mi-2
£1,20009/240.34 miTankerville Drive, Leigh-on-Sea, SS92
£1,35009/240.36 miLaurel Close, Leigh-on-Sea2
£1,60002/250.36 mi-2
£1,90003/250.37 mi-2
£1,20009/240.38 miTankerville Drive, Leigh-on-Sea2
£99509/240.39 miSt Clements Court, Broadway West, Leigh-on-Sea2
£1,25009/240.42 mi-2
£1,29504/250.43 mi-2
£1,55012/240.49 mi-2
£1,25009/240.49 miLeigh on Sea2
£1,20009/240.51 miElm Road, Leigh-On-Sea, Essex, SS92
£1,30009/240.52 mi43a Pall MallLeigh On SeaEssex2
£1,65009/240.53 miThe Broadway, Leigh on sea, Leigh on sea, 2
£1,25009/240.54 miBroadway, Leigh-On-Sea2
£1,95009/240.54 miWest Street, Leigh On Sea2
£1,50008/240.54 mi-2
£1,25009/240.59 miLondon Road, Leigh-on-sea, SS92
£1,45009/240.6 miLeigh Hall Road, Leigh-on-Sea2
£1,35012/240.61 mi-2
£1,09512/240.62 mi-2

Local Area Statistics

Population in SS9

49,984

Town centre distance

0.63 miles away

Nearest school

0.20 miles away

Nearest train station

0.37 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+14%

Sales demand

Balanced market

Capital growth (5yrs)

+24%

Property History

Listed for £200,000

February 13, 2025

Description

FOR SALE BY PUBLIC AUCTION ON THURSDAY 6TH MARCH AT 3.00PM.

Livestreamed via the Hair & Son website.

Bidding available by telephone, proxy and online.

MARINE ESTATE - SHARE OF FREEHOLD

This vacant Two Bedroom purpose built first floor apartment benefits from a long lease ( 142 years remaining ) and a Share of the Freehold interest. Located on the sought-after Marine Estate the property is within easy access of Leigh Broadway, Leigh on Sea Railway Station and Old Leigh. Residents Parking is available on a first come, first served basis.

Communal hall - stairs to First Floor:
Private entrance door leads to:
Entrance Hall - 2 x storage cupboards
Lounge / Diner: 16'7 x 12'6
Kitchen: 10'5 x 6'9
Bedroom One: 11'3 to wardrobes x 9'9
Bedroom Two: 13'3 x 9'9
Bathroom / Wc: 7'4 x 5'8
Externally:
Residents Parking ( 1st come, 1st served basis )
Communal Garden areas

The current lease has an unexpired term of approx 142 years.
The property is offered for sale with a Share of the Freehold interest included

The property is offered for sale with a share of the Freehold interest and is subject to a lease of 199 years and 2 months from the 29th July 1968

E

Agent Details

Hair & Son, Southend-On-Sea, Auctions

01700 800116

Next Steps?

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