3 Bed Terraced House, Refurb/BRRR, Southend-on-Sea, SS2 5EF, £300,000

* SHOW HOME STANDARD * East Street, Southend-On-Sea, SS2 5EF - 3 views - 2 months ago

Refurb/BRRR
ROI: 3%
~93 m²
+10 photos

ValuationUndervalued

Sold Prices£233K - £473K
Sold Prices/m²£2.4K/m² - £4.9K/m²

 

 

Square Metres

~93 m²
Price/m²£3.2K/m²

Value Estimate

£318,424

 

 

End Value (After Refurb)

£305,500

Uplift in Value

+-10%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£75,000

Stamp Duty & Legal Fees

£15,900

Refurb Costs

£44,786

Bridging Loan Interest

£7,875

Total Cash In

£145,311

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£305,500

Mortgage (After Refinance)

£229,125

Mortgage LTV

75%

Cash Released

£4,125

Cash Left In

£141,186

Equity

£76,375

Rent Range

£950 - £3,100

Rent Estimate

£1,785

Running Costs/mo

£1,332

Cashflow/mo

£453

Cashflow/yr

£5,440

ROI

4%

Gross Yield

7%

Local Sold Prices

51 sold prices from £233K to £473K, average is £335K. £2.4K/m² to £4.9K/m², average is £3.4K/m².

PriceDateDistanceAddressBeds 
£317K04/210.05 mi115, East Street, Southend-on-sea SS2 5EB3
£350K12/210.08 mi22, Oakhurst Road, Southend-on-sea SS2 5DT3
£350K03/210.09 mi46, Oakhurst Road, Southend-on-sea SS2 5DT3
£348K02/210.09 mi48, Ennismore Gardens, Southend-on-sea SS2 5RB3
£233K07/230.09 mi50, Ennismore Gardens, Southend-on-sea SS2 5RB3
£400K06/230.09 mi100, Ennismore Gardens, Southend-on-sea SS2 5RB3
£370K10/230.09 mi12, Ennismore Gardens, Southend-on-sea SS2 5RB3
£355K08/230.11 mi9, Ennismore Gardens, Southend-on-sea SS2 5RA3
£355K08/230.11 mi9, Ennismore Gardens, Southend-on-sea SS2 5RA3
£280K03/210.12 mi50, Priory Avenue, Southend-on-sea SS2 6LD3
£270K01/240.13 mi46, Priory Avenue, Southend-on-sea SS2 6LD3
£375K07/230.17 mi13, Glenhurst Road, Southend-on-sea SS2 5DR3
£306K11/200.18 mi10, Glenhurst Road, Southend-on-sea SS2 5DS3
£345K05/210.18 mi30, Glenhurst Road, Southend-on-sea SS2 5DS3
£280K11/200.18 mi48, Tickfield Avenue, Southend-on-sea SS2 6LL3
£425K08/230.18 mi32, Tickfield Avenue, Southend-on-sea SS2 6LL3
£340K11/230.18 mi27, Tickfield Avenue, Southend-on-sea SS2 6LL3
£375K10/210.2 mi28, Regency Green, Southend-on-sea SS2 6LU3
£405K12/220.22 mi27, St Marys Road, Southend-on-sea SS2 6JR3
£400K09/230.22 mi81, St Marys Road, Southend-on-sea SS2 6JR3
£367K03/210.22 mi29, Edith Road, Southend-on-sea SS2 6JU3
£285K07/210.22 mi61, Royston Avenue, Southend-on-sea SS2 5JY3
£305K04/240.22 mi63, Royston Avenue, Southend-on-sea SS2 5JY3
£310K02/210.22 mi37, Edith Road, Southend-on-sea SS2 6JU3
£315K02/210.22 mi7, Edith Road, Southend-on-sea SS2 6JU3
£345K04/230.23 mi62, Royston Avenue, Southend-on-sea SS2 5JZ3
£390K02/240.23 mi48, Royston Avenue, Southend-on-sea SS2 5JZ3
£327K11/230.26 mi1, Bircham Road, Southend-on-sea SS2 5DN3
£335K10/230.26 mi14, Bircham Road, Southend-on-sea SS2 5DN3
£290K02/210.27 mi27, Gayton Road, Southend-on-sea SS2 5DL3
£360K08/230.27 mi26, Gayton Road, Southend-on-sea SS2 5DL3
£325K06/230.27 mi25, Gayton Road, Southend-on-sea SS2 5DL3
£473K01/230.27 mi20, Hill Road, Southend-on-sea SS2 6JT3
£339K02/210.27 mi84, Crowborough Road, Southend-on-sea SS2 6LP3
£372.5K08/230.27 mi61, Tunbridge Road, Southend-on-sea SS2 6LT3
£315K10/200.29 mi78, Stuart Road, Southend-on-sea SS2 5JT3
£425K12/200.3 mi11, Hill Road, Southend-on-sea SS2 6JT3
£315K02/230.3 mi7, Cromwell Road, Southend-on-sea SS2 5NG3
£330K10/200.31 mi69, Stuart Road, Southend-on-sea SS2 5JS3
£380K01/210.31 mi17, Stuart Road, Southend-on-sea SS2 5JS3
£267K08/210.31 mi14, Browning Avenue, Southend-on-sea SS2 5HF3
£255K01/230.32 mi318, Victoria Avenue, Southend-on-sea SS2 6NA3
£315K04/210.32 mi10, Redstock Road, Southend-on-sea SS2 5DJ3
£311K01/240.32 mi1, Redstock Road, Southend-on-sea SS2 5DJ3
£278K01/210.34 mi109, Royston Avenue, Southend-on-sea SS2 5LB3
£380K10/230.34 mi67, Royston Avenue, Southend-on-sea SS2 5LB3
£385K12/220.34 mi66, Cromwell Road, Southend-on-sea SS2 5NQ3
£315K01/210.35 mi63, Cromwell Road, Southend-on-sea SS2 5NG3
£235K06/230.35 mi153, Victoria Avenue, Southend-on-sea SS2 6EL3
£245K12/230.37 mi4, Wallis Avenue, Southend-on-sea SS2 6HS3
£262.5K06/230.37 mi3, Roots Hall Avenue, Southend-on-sea SS2 6HN3

Local Rents

21 rents from £950/mo to £3.1K/mo, average is £1.7K/mo.

RentDateDistanceAddressBeds 
£1,65002/240.2 mi-3
£1,70004/250.2 mi-3
£1,72501/250.22 mi-3
£1,75001/250.23 mi-3
£1,75001/250.23 mi-3
£1,50011/240.25 mi-3
£1,60003/240.25 miTunbridge Road, Southend-on-Sea, Essex, SS23
£1,57509/240.29 miWentworth Road, Southend-On-Sea, Essex, SS23
£1,90011/230.35 mi-3
£1,74003/250.37 mi-3
£1,95004/250.37 mi-3
£1,60009/240.4 miTennyson Avenue, Southend on Sea, SS23
£1,45009/240.49 miPenthouse, West Road, SS03
£1,30009/240.49 miShakespeare Drive, Westcliff-on-Sea3
£1,70011/230.5 mi-3
£95009/240.5 mi-3
£2,00012/240.51 mi-3
£1,70011/240.54 mi-3
£1,75012/240.56 mi-3
£3,00001/250.56 mi-3
£3,10009/240.61 mi-3

Local Area Statistics

Population in SS2

36,418

Population in Southend-on-Sea

106,129

Town centre distance

0.42 miles away

Nearest school

0.10 miles away

Nearest train station

0.03 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+8%

Sales demand

Balanced market

Capital growth (5yrs)

+24%

Property History

Price changed to £300,000

March 28, 2025

Price changed to £325,000

March 8, 2025

Listed for £340,000

February 21, 2025

Floor Plans

Description

  • Allocated parking on the front drive +
  • Completely renovated inside and out +
  • Stones throw to Prittlewell Station for London commuters +
  • Landscaped rear garden +
  • Spacious open-plan living area +
  • All new electrics, double glazing and heating system throughout +
  • Three bedrooms all upstairs +
  • Stunning 'Viking' wooden flooring downstairs +
  • Four-piece family bathroom +
  • No onward chain +

* £340,000- £350,000 * PARKING * DOORSTEP TO PRITTLEWELL STATION * COMPLETELY RENOVATED THROUGHOUT * LANDSCAPED REAR GARDEN * THREE BEDROOMS ALL ON FIRST FLOOR * FOUR-PIECE BATHROOM * STUNNING OPEN-PLAN LIVING WITH WOODEN FLOORING * This sleek renovation offers not only a stylish and spacious interior, but a fantastic location near to the station and allocated off-street parking. The completely refurbished accommodation is comprised of; a front driveway providing off-street parking, a modern composite front door leading to the separate entrance hallway complete with storage, a large open-plan lounge/diner that leads on to the bespoke kitchen and the four-piece family bathroom, while upstairs, there are three great-sized bedrooms. The garden has been landscaped with outside lighting and a seating area, as well as a low-maintenance artificial lawn and
contemporary fencing. The property has been completely renewed inside and out, including all new electrics, double glazing and heating system. The property is set down a cul-de-sac within a great school catchment and Prittlewell Station is just a few minutes around the corner for London commuters to Liverpool Street. There are a range of amenities and bus links moments away, not to mention the beachfront a short drive down the road and this stunning renovation is ready to move straight into, available to view now and offered with no onward chain!

Frontage/Parking - Shingled front driveway providing parking, storm porch and a composite double glazed front door leading to:

Entrance Hallway - Large understairs storage cupboard, radiator, spotlighting, skirting and wooden 'Viking' flooring.

Lounge-Diner - 6.21m × 4.18m (20'4" × 13'8") - UPVC double glazed window to front aspect with a set of UPVC double glazed French doors for direct garden access, carpeted staircase rising to first floor landing, two double radiators, feature log store, opening through to the kitchen, spotlighting, skirting and wooden 'Viking' flooring.

Kitchen - 3.06m × 2.57m (10'0" × 8'5") - UPVC double glazed side window, impressive shaker style kitchen units both wall-mounted and base level comprising; four ring burner induction hob with stainless steel extractor over, integrated oven, integrated fridge/freezer, stainless steel sink with chrome mixer tap, integrated washing machine, integrated dishwasher, boiler cupboard, spotlighting, skirting, wooden 'Viking' flooring and an opening through to the lounge/diner.

Four-Piece Family Bathroom - 2.53m × 1.94m (8'3" × 6'4") - Obscured UPVC double glazed rear window, corner shower cubicle with drencher head and secondary shower attachment, tiled bath with chrome mixer tap, chrome towel radiator, low-level W/C, vanity unit with wash basin and chrome mixer tap, partial wall tiling, spotlighting, extractor fan and wooden 'Viking' flooring.

First Floor Landing - Loft access, spotlighting, skirting and carpet.

Bedroom One - 4.11m × 3.09m (13'5" × 10'1") - UPVC double glazed rear window, radiator, skirting and carpet.

Bedroom Two - 3.09m × 3.16m (10'1" × 10'4") - UPVC double glazed window to front aspect, radiator, skirting and carpet.

Bedroom Three - 3.00 m × 1.73m (9'10" m × 5'8") - UPVC double glazed front window, radiator, skirting and carpet.

Rear Garden - Commences with a paved patio with contemporary fencing and a low-maintenance artificial lawn, as well as a shingle border and outside lighting.

Agents Notes: - The Developer will be putting plans in to build a house on the neighbouring plot which will be attached to this property, and therefore will turn the existing property into a mid-terraced home.

Agent Details

Bear Estate Agents, Leigh-on-Sea

01702 967608

Next Steps?

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