5 Bed HMO, Southend-on-Sea, SS1 1PX, £450,000

551D Queens Road, Southend-on-Sea, Essex, SS1 1NF - 3 views - 2 months ago

HMO
ROI: 4%
~178 m²

ValuationUndervalued

Sold Prices£320K - £1.4M
Sold Prices/m²£2.5K/m² - £7.7K/m²

 

 

Square Metres

~178.28 m²
Price/m²£2.5K/m²

Value Estimate

£549,000
BMV22%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£112,500

Stamp Duty & Legal Fees

£24,700

Total Cash In

£137,200

 

 

Cash Out

 

Room Rate

£637

Gross Rent

£3,185

Running Costs/mo

£2,693

Cashflow/mo

£492

Cashflow/yr

£5,909

ROI

4%

Gross Yield

8%

Local Sold Prices

27 sold prices from £320K to £1.4M, average is £647.5K. £2.5K/m² to £7.7K/m², average is £3.6K/m².

PriceDateDistanceAddressBeds 
£740K01/210.02 mi13, Park Road, Westcliff-on-sea, Southend-on-sea SS0 7PQ5
£607.5K06/210.2 mi5, St Vincents Road, Westcliff-on-sea, Southend-on-sea SS0 7PP5
£865K03/230.22 mi35, Cambridge Road, Southend-on-sea SS1 1ET5
£510K06/210.32 mi47, Hermitage Road, Westcliff-on-sea, Southend-on-sea SS0 7NQ5
£340K04/230.34 mi25, Burdett Avenue, Westcliff-on-sea, Southend-on-sea SS0 7JN5
£575K10/200.39 mi19, Retreat Road, Westcliff-on-sea, Southend-on-sea SS0 7NN5
£924K05/230.46 mi3, Royal Terrace, Southend-on-sea SS1 1DY5
£410K03/210.54 mi20, Argyll Road, Westcliff-on-sea, Southend-on-sea SS0 7HN5
£695K07/210.56 mi26, Ditton Court Road, Westcliff-on-sea, Southend-on-sea SS0 7HG5
£360K05/210.7 mi20, Swanage Road, Southend-on-sea SS2 5HY5
£480K12/220.71 mi66, Boscombe Road, Southend-on-sea SS2 5JD5
£1.1M09/220.83 mi53, Crowstone Road, Westcliff-on-sea, Southend-on-sea SS0 8BG5
£700K03/210.84 mi67, Crowstone Road, Westcliff-on-sea, Southend-on-sea SS0 8BG5
£485K03/240.84 mi26, Westcliff Park Drive, Westcliff-on-sea, Southend-on-sea SS0 9LN5
£485K05/230.84 mi20, Westcliff Park Drive, Westcliff-on-sea, Southend-on-sea SS0 9LN5
£1.1M10/220.86 mi55, Crowstone Road, Westcliff-on-sea, Southend-on-sea SS0 8BG5
£740K02/210.88 mi114, Crowstone Road, Westcliff-on-sea, Southend-on-sea SS0 8LQ5
£737.5K06/210.88 mi96, Crowstone Road, Westcliff-on-sea, Southend-on-sea SS0 8LQ5
£1.4M10/220.88 mi106, Crowstone Road, Westcliff-on-sea, Southend-on-sea SS0 8LQ5
£400K04/210.88 mi85, Wimborne Road, Southend-on-sea SS2 4JR5
£320K12/200.93 mi5, Woodgrange Drive, Southend-on-sea SS1 2SD5
£320K12/200.93 mi5, Woodgrange Drive, Southend-on-sea SS1 2SD5
£1.4M10/230.93 mi14, Drake Road, Westcliff-on-sea, Southend-on-sea SS0 8LP5
£452K12/220.94 mi12, Whitefriars Crescent, Westcliff-on-sea, Southend-on-sea SS0 8EU5
£647.5K06/210.98 mi52, Crowstone Avenue, Westcliff-on-sea, Southend-on-sea SS0 8HU5
£823K11/200.99 mi74, Chadwick Road, Westcliff-on-sea, Southend-on-sea SS0 8LD5
£1.2M02/231 mi22, Chadwick Road, Westcliff-on-sea, Southend-on-sea SS0 8LS5

Local Area Statistics

Population in SS1

26,369

Population in Southend-on-Sea

106,129

Town centre distance

1.03 miles away

Nearest school

0.10 miles away

Nearest train station

0.29 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+40%

Sales demand

Buyer's market

Capital growth (5yrs)

+21%

Property History

Listed for £450,000

February 18, 2025

Floor Plans

Description

  • Terraced House +
  • Registered HMO +
  • Communal Kitchen/Diner +
  • Two Ground Floor Suite Rooms +
  • Laster Room has an added Kitchenette +
  • Three Ensuite First Floor Rooms +
  • Communal Garden +
  • Double Glazing +
  • Gas Central Heating +
  • Easy Access to Major Train Lines +

Bear Estate Agents are pleased to present this unique investment opportunity—a registered HMO terraced house offering five ensuite bedrooms, a communal kitchen/diner and a private garden. Situated in the heart of the city centre, this property benefits from excellent transport links, as well as easy access to shops, eateries, and essential amenities, making it an ideal purchase for investors seeking a high-yield rental opportunity.

The accommodation features a secure entrance porch leading into a spacious hallway with stairs to the first floor. The ground floor offers a communal open-plan kitchen/diner, along with two ensuite bedrooms, including the largest room, which benefits from its own kitchenette. Upstairs, the property boasts three additional ensuite bedrooms, providing a comfortable and practical layout for tenants. Additional benefits include double glazing, gas central heating and a communal rear garden, making this registered HMO an excellent investment opportunity in a high-demand central location.

Queens Road is ideally situated in Southend's vibrant city centre, offering excellent transport links for commuters, including bus connections, London Road, the A127 and both Southend Central and Southend Victoria Train Stations, providing direct access to London. The location is also within close proximity to a fantastic selection of shops, eateries, parks and the picturesque seafront, ensuring a convenient and well-connected lifestyle.

Five Ensuite Bedroom Hmo -

Porch -

Entrance Hall -

Kitchen/Diner - 4.98m x 4.75m (16'4 x 15'7) -

Room 1 - 4.45m x 3.89m (14'7 x 12'9) - Kitchenette and ensuite shower room - 10'9 x 10'2

Room 2 - 2.51m x 2.06m (8'3 x 6'9) - Ensuite shower room.

Landing -

Room 3 - 4.98m x 3.73m (16'4 x 12'3) - Ensuite shower room.

Room 4 - 3.23m x 3.15m (10'7 x 10'4) - Ensuite shower room.

Room 5 - Ensuite shower room.

Communal Garden -

Agent Details

Bear Estate Agents, Southend-on-Sea

01702 967452

Next Steps?

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