8 Bed HMO, Southend-on-Sea, SS0 9BA, £450,000

Silverdale Avenue, Westcliff-On-Sea, SS0 9BA - 22 views - 2 months ago

HMO
ROI: 14%
~248 m²
+14 photos

ValuationUndervalued

Sold Prices£232.5K - £840K
Sold Prices/m²£2.3K/m² - £6K/m²

 

 

Square Metres

~248 m²
Price/m²£1.8K/m²

Value Estimate

£579,500
BMV22%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£112,500

Stamp Duty & Legal Fees

£26,700

Total Cash In

£139,200

 

 

Cash Out

 

Room Rate

£646

Gross Rent

£5,168

Running Costs/mo

£3,384

Cashflow/mo

£1,784

Cashflow/yr

£21,410

ROI

15%

Gross Yield

14%

Local Sold Prices

51 sold prices from £232.5K to £840K, average is £435K. £2.3K/m² to £6K/m², average is £3.2K/m².

PriceDateDistanceAddressBeds 
£375K12/200.11 mi27, Glenwood Avenue, Westcliff-on-sea, Southend-on-sea SS0 9DJ4
£350K12/230.12 mi48, Rochford Avenue, Westcliff-on-sea, Southend-on-sea SS0 7DT4
£232.5K12/220.12 mi25, Rayleigh Avenue, Westcliff-on-sea, Southend-on-sea SS0 7DS4
£385K12/230.13 mi18, Hainault Avenue, Westcliff-on-sea, Southend-on-sea SS0 9HB4
£445K06/210.14 mi52, Claremont Road, Westcliff-on-sea, Southend-on-sea SS0 7DZ4
£365K11/200.15 mi212, Hamlet Court Road, Westcliff-on-sea, Southend-on-sea SS0 7DE4
£500K11/220.17 mi45, Claremont Road, Westcliff-on-sea, Southend-on-sea SS0 7DX4
£405K05/230.19 mi111, Silverdale Avenue, Westcliff-on-sea, Southend-on-sea SS0 9BB4
£360K03/240.2 mi75, Inverness Avenue, Westcliff-on-sea, Southend-on-sea SS0 9DU4
£405K06/210.21 mi84, Glenwood Avenue, Westcliff-on-sea, Southend-on-sea SS0 9DT4
£267K01/240.23 mi163, North Road, Westcliff-on-sea, Southend-on-sea SS0 7AF4
£350K09/210.24 mi115, Glenwood Avenue, Westcliff-on-sea, Southend-on-sea SS0 9DS4
£280K02/210.28 mi40, Beedell Avenue, Westcliff-on-sea, Southend-on-sea SS0 9JU4
£382K12/230.31 mi97, Beedell Avenue, Westcliff-on-sea, Southend-on-sea SS0 9JR4
£527K06/230.31 mi38, Cranley Road, Westcliff-on-sea, Southend-on-sea SS0 8AL4
£475K08/230.31 mi24, Westcliff Park Drive, Westcliff-on-sea, Southend-on-sea SS0 9LN4
£403K01/230.33 mi63, Elderton Road, Westcliff-on-sea, Southend-on-sea SS0 8AG4
£575K05/230.33 mi81, Boston Avenue, Southend-on-sea SS2 6JF4
£563K10/230.34 mi28, Elderton Road, Westcliff-on-sea, Southend-on-sea SS0 8AQ4
£455K03/210.34 mi20, Cotswold Road, Westcliff-on-sea, Southend-on-sea SS0 8AB4
£455K05/210.34 mi46, Cotswold Road, Westcliff-on-sea, Southend-on-sea SS0 8AB4
£452K09/230.34 mi60, Cotswold Road, Westcliff-on-sea, Southend-on-sea SS0 8AB4
£405K02/210.36 mi33, Cotswold Road, Westcliff-on-sea, Southend-on-sea SS0 8AA4
£365K12/200.36 mi154, Beedell Avenue, Westcliff-on-sea, Southend-on-sea SS0 9JP4
£420K05/210.36 mi41, Cotswold Road, Westcliff-on-sea, Southend-on-sea SS0 8AA4
£375K08/210.36 mi49, Cotswold Road, Westcliff-on-sea, Southend-on-sea SS0 8AA4
£480K12/200.37 mi21, Elderton Road, Westcliff-on-sea, Southend-on-sea SS0 8AG4
£620K02/210.39 mi28, Crowstone Road, Westcliff-on-sea, Southend-on-sea SS0 8BA4
£323K03/210.39 mi153, Beedell Avenue, Westcliff-on-sea, Southend-on-sea SS0 9JW4
£410K05/210.41 mi40, Highfield Grove, Westcliff-on-sea, Southend-on-sea SS0 0TE4
£466K06/210.41 mi92, Boston Avenue, Southend-on-sea SS2 6JD4
£580K12/200.41 mi21, Alleyn Place, Westcliff-on-sea, Southend-on-sea SS0 8AT4
£620K04/210.41 mi23, Alleyn Place, Westcliff-on-sea, Southend-on-sea SS0 8AT4
£568.5K11/230.42 mi52, Electric Avenue, Westcliff-on-sea, Southend-on-sea SS0 9NH4
£720K10/220.43 mi2, Alleyn Place, Westcliff-on-sea, Southend-on-sea SS0 8AT4
£490K09/230.45 mi25, Highfield Gardens, Westcliff-on-sea, Southend-on-sea SS0 0SY4
£840K10/220.47 mi34, Ditton Court Road, Westcliff-on-sea, Southend-on-sea SS0 7HG4
£392K06/210.47 mi24, Hill Road, Southend-on-sea SS2 6JT4
£560K02/230.47 mi11, Hill Road, Southend-on-sea SS2 6JT4
£522K05/230.48 mi118, Prittlewell Chase, Westcliff-on-sea, Southend-on-sea SS0 0RD4
£510K12/220.48 mi116, Prittlewell Chase, Westcliff-on-sea, Southend-on-sea SS0 0RD4
£506K08/230.49 mi2, Hermitage Road, Westcliff-on-sea, Southend-on-sea SS0 7NQ4
£497K10/220.49 mi85, Electric Avenue, Westcliff-on-sea, Southend-on-sea SS0 9NL4
£475K03/210.5 mi41, Hermitage Road, Westcliff-on-sea, Southend-on-sea SS0 7NQ4
£386K01/230.5 mi87, Tintern Avenue, Westcliff-on-sea, Southend-on-sea SS0 9QQ4
£390K01/210.51 mi6, Tunbridge Road, Southend-on-sea SS2 6LT4
£350K02/210.53 mi23, Edith Road, Southend-on-sea SS2 6JU4
£435K12/230.53 mi3, Edith Road, Southend-on-sea SS2 6JU4
£350K07/230.54 mi337, Fairfax Drive, Westcliff-on-sea, Southend-on-sea SS0 9LZ4
£350K07/230.54 mi337, Fairfax Drive, Westcliff-on-sea, Southend-on-sea SS0 9LZ4
£465K12/220.54 mi29, Carnarvon Road, Southend-on-sea SS2 6LR4

Local Area Statistics

Population in SS0

41,212

Population in Southend-on-Sea

106,129

Town centre distance

1.10 miles away

Nearest school

0.10 miles away

Nearest train station

0.63 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+63%

Sales demand

Balanced market

Capital growth (5yrs)

+18%

Property History

Price changed to £450,000

March 20, 2025

Listed for £475,000

February 18, 2025

Floor Plans

Description

  • Eight bedroom layout for possible HMO (s.t.p.) with two additional reception rooms +
  • Separate entrances to ground and first floors with internal stairs connecting them +
  • All double bedrooms +
  • Two kitchens split on GF and FF +
  • Two bathrooms split on GF and FF +
  • Two reception rooms split on GF and FF +
  • Large balcony/roof terrace +
  • Huge accomodation spread across three floors with massive potential +
  • No onward chain +
  • Walk to both Westcliff and Prittlewell Stations for London commuters +

* £475,000 - £500,000 * POSSIBLE 8 - BEDROOM HMO WITH TWO RECEPTION ROOMS (S.T.P.) * PARKING TO SIDE * TWO POSSIBLE ENTRANCES * TWO KITCHENS AND BATHROOMS * LARGE GARDEN * LARGE BALCONY * NO ONWARD CHAIN * This gargantuan property has accommodation spread across three floors, with two possible entrances and a large garden and first floor sun terrace. The property is comprised of; eight possible bedrooms (see floorplan), an additional two reception rooms that lead onto the two kitchens on the ground and first floors, two four-piece bathrooms on the ground and first floors, a sun terrace with second entrance/exit, a large rear garden with side access off-street parking to the side. The property is equidistance to both Westcliff and Prittlewell Stations offering both lines to London for commuters and the grammar schools are only a walk away. A range of amenities and bus links are at the top of the road, the property is available to view now and is offered with no onward chain!

Two Entrances - Two possible entrances, one to the front which gives way to the entrance hall, and one down the sideway which leads up a steel staircase to the sun terrace/rear entrance.

Bedroom One - 5.13m × 4.28m (16'9" × 14'0") -

Bedroom Two - 5.13m × 4.28m (16'9" × 14'0" ) -

Bedroom Three - 4.22m × 3.02m (13'10" × 9'10" ) -

Bedroom Four - 4.22m × 3.02m (13'10" × 9'10" ) -

Bedroom Five - 3.55m x 3.02m (11'7" x 9'10") -

Bedroom Six - 4.00m × 3.03m (13'1" × 9'11" ) -

Bedroom Seven - 3.68m × 2.93m (12'0" × 9'7") -

Bedroom Eight - 2.75m × 2.28m (9'0" × 7'5" ) -

Ground Floor Reception Room - 3.55m × 3.18m (11'7" × 10'5") -

First Floor Reception Room - 3.52m × 1.15m (11'6" × 3'9") -

Ground Floor Kitchen - 3.45m × 2.00m (11'3" × 6'6") - Shaker style kitchen units, both wall-mounted and base level with sink, cooker and oven with a rear door to garden.

First Floor Kitchen - 3.28m × 2.19m (10'9" × 7'2" ) - Gloss kitchen units, both wall-mounted and base level with sink, cooker and oven.

Ground Floor Shower Room - Walk-in shower, separate bath, W/C, wash basin.

First Floor Bathroom - Corner shower cubicle, separate bath, W/C, wash basin.

Sun Terrace/Balcony - Paved with a steel staircase down to the ground floor side entrance and garden. Could be used as a separate entrance.

Garden - Commences with a covered paved patio with the remainder laid to lawn, with side access to the front of the property and a steel staircase rising to first floor sun terrace - this could be a separate entrance.

Agent Details

Bear Estate Agents, Leigh-on-Sea

01702 967608

Next Steps?

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