3 Bed Flat, Single Let, Southend-on-Sea, SS2 4EE, £225,000

Central Avenue, Southend On Sea, SS2 4EE - 2 views - a month ago

Leasehold

BTL

ROI: 7%

~93 m²

+1 photos

ValuationUndervalued

Sold Prices	£163K - £470K
Sold Prices/m²	£1.8K/m² - £5.5K/m²

Square Metres	~93 m²
Price/m²	£2.4K/m²
Value Estimate	£279,000£279,000
BMV	24%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£56,250£56,250
Stamp Duty & Legal Fees	£12,450£12,450
Total Cash In	£68,700£68,700

Cash Out
Rent Range	£1,275 - £2,200£1,275 - £2,200
Rent Estimate	£1,406
Running Costs/mo	£1,004£1,004
Cashflow/mo	£402£402
Cashflow/yr	£4,820£4,820
ROI	7%7%
Gross Yield	7%7%

Local Sold Prices

36 sold prices from £163K to £470K, average is £240K. £1.8K/m² to £5.5K/m², average is £3.1K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£197K	04/23	0.13 mi	151, Stornoway Road, Southend-on-sea SS2 4NX	£2,814	70	3	Flat
£245K	02/23	0.13 mi	157, Stornoway Road, Southend-on-sea SS2 4NX	£3,657	67	3	Flat
£325K	11/20	0.34 mi	20, Ely Road, Southend-on-sea SS2 4EZ	£3,066	106	3	Flat
£250K	06/23	0.41 mi	20, Belle Vue Avenue, Southend-on-sea SS1 2QZ	£3,289	76	3	Flat
£210K	04/21	0.66 mi	195b, York Road, Southend-on-sea SS1 2RU	-	-	3	Flat
£200K	01/21	0.67 mi	3a, Kilworth Avenue, Southend-on-sea SS1 2DS	£2,532	79	3	Flat
£165K	04/21	0.71 mi	2a, Kilworth Avenue, Southend-on-sea SS1 2DT	£1,854	89	3	Flat
£210K	10/23	0.75 mi	170a, York Road, Southend-on-sea SS1 2DZ	£2,188	96	3	Flat
£250K	10/20	0.8 mi	10, Brunswick Road, Southend-on-sea SS1 2UH	£3,333	75	3	Flat
£455K	11/20	0.84 mi	33, Chelsworth Crescent, Southend-on-sea SS1 3EE	£4,946	92	3	Flat
£305K	10/23	1.09 mi	147a, Shaftesbury Avenue, Southend-on-sea SS1 3AL	£3,356	91	3	Flat
£435K	08/23	1.24 mi	10, Clifftown Parade, Southend-on-sea SS1 1DP	£3,850	113	3	Flat
£223K	06/21	1.39 mi	8, Gainsborough Drive, Westcliff-on-sea, Southend-on-sea SS0 9AJ	£3,656	61	3	Flat
£220K	12/22	1.41 mi	116a, Cambridge Road, Southend-on-sea SS1 1ER	-	-	3	Flat
£470K	02/21	1.47 mi	5, Chadacre Road, Southend-on-sea SS1 3QX	£5,465	86	3	Flat
£382.5K	04/23	1.55 mi	14a, Trinity Avenue, Westcliff-on-sea, Southend-on-sea SS0 7PU	-	-	3	Flat
£220K	09/21	1.61 mi	5a, Wickford Road, Westcliff-on-sea, Southend-on-sea SS0 7NW	£3,860	57	3	Flat
£240K	03/21	1.63 mi	25a, Retreat Road, Westcliff-on-sea, Southend-on-sea SS0 7NN	£2,222	108	3	Flat
£225K	03/21	1.66 mi	18a, Argyll Road, Westcliff-on-sea, Southend-on-sea SS0 7HN	£2,905	77	3	Flat
£225K	02/21	1.66 mi	32b, Preston Road, Westcliff-on-sea, Southend-on-sea SS0 7ND	£2,848	79	3	Flat
£368.5K	04/23	1.68 mi	5a, Cossington Road, Westcliff-on-sea, Southend-on-sea SS0 7NJ	£3,002	123	3	Flat
£215K	11/20	1.68 mi	9, Cossington Road, Westcliff-on-sea, Southend-on-sea SS0 7NJ	£2,756	78	3	Flat
£260K	06/21	1.82 mi	66a, Cotswold Road, Westcliff-on-sea, Southend-on-sea SS0 8AB	£3,250	80	3	Flat
£230K	07/21	1.84 mi	151a, Westcliff Park Drive, Westcliff-on-sea, Southend-on-sea SS0 9LS	£2,644	87	3	Flat
£180K	02/23	1.84 mi	48, Blyth Avenue, Shoeburyness, Southend-on-sea SS3 9NH	£2,687	67	3	Flat
£280K	06/23	1.84 mi	59a, Westcliff Park Drive, Westcliff-on-sea, Southend-on-sea SS0 9LW	£3,500	80	3	Flat
£280K	06/23	1.84 mi	59a, Westcliff Park Drive, Westcliff-on-sea, Southend-on-sea SS0 9LW	£3,500	80	3	Flat
£436.5K	06/21	1.9 mi	66, Midhurst Avenue, Westcliff-on-sea, Southend-on-sea SS0 0NR	£3,464	126	3	Flat
£240K	03/21	1.9 mi	1a, Meteor Road, Westcliff-on-sea, Southend-on-sea SS0 8DF	£3,117	77	3	Flat
£265K	07/21	1.92 mi	12a, Britannia Road, Westcliff-on-sea, Southend-on-sea SS0 8BS	£3,193	83	3	Flat
£230K	03/21	1.93 mi	95, Electric Avenue, Westcliff-on-sea, Southend-on-sea SS0 9NL	£2,614	88	3	Flat
£270K	08/23	1.93 mi	8a, Satanita Road, Westcliff-on-sea, Southend-on-sea SS0 8DE	£3,020	89	3	Flat
£163K	11/20	1.94 mi	88, Delaware Road, Shoeburyness, Southend-on-sea SS3 9NR	£2,233	73	3	Flat
£197.5K	09/21	1.95 mi	110, Southview Drive, Westcliff-on-sea, Southend-on-sea SS0 9QD	£3,054	65	3	Flat
£230K	11/21	1.96 mi	13a, Satanita Road, Westcliff-on-sea, Southend-on-sea SS0 8DD	-	-	3	Flat
£255K	11/21	1.97 mi	11a, Palmerston Road, Westcliff-on-sea, Southend-on-sea SS0 7TA	£1,821	140	3	Flat

Local Rents

24 rents from £1.3K/mo to £2.2K/mo, average is £1.7K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,275	09/24	0.13 mi	Stornoway Road, Southend-On-Sea	3	Flat
£1,850	09/24	0.14 mi	Trinity Road, Southend-On-Sea, Essex, SS2	3	Flat
£1,800	10/24	0.18 mi	-	3	Detached House
£1,750	09/24	0.21 mi	Westbury Road, Southend-On-Sea, Essex, SS2	3	Terraced House
£1,600	09/24	0.23 mi	Beaufort Street, Southend-on-Sea, Essex	3	Terraced House
£1,450	09/24	0.23 mi	Surbiton Road, Southend-On-Sea, Essex, SS2	3	Terraced House
£1,750	03/25	0.25 mi	-	3	Terraced House
£1,300	10/24	0.28 mi	-	3	Flat
£1,600	09/24	0.3 mi	Bellevue Road, Southend-On-Sea	3	Detached House
£1,650	10/24	0.32 mi	-	3	Terraced House
£1,650	10/24	0.32 mi	-	3	Terraced House
£1,700	03/25	0.4 mi	-	3	Terraced House
£1,300	09/24	0.42 mi	Bournemouth Park Road, Southend on Sea	3	Terraced House
£1,400	09/24	0.43 mi	-	3	Semi-Detached House
£1,500	10/24	0.43 mi	-	3	Semi-Detached House
£2,200	09/24	0.44 mi	-	3	Flat
£2,000	12/24	0.45 mi	-	3	Terraced House
£1,900	01/25	0.47 mi	-	3	Semi-Detached House
£1,900	01/25	0.47 mi	-	3	Semi-Detached House
£1,850	03/25	0.47 mi	-	3	Semi-Detached House
£1,700	07/24	0.49 mi	-	3	Semi-Detached House
£1,600	11/23	0.5 mi	-	3	Bungalow
£1,600	09/24	0.55 mi	Tennyson Avenue, Southend on Sea, SS2	3	Terraced House
£1,700	09/24	0.57 mi	Steyning Avenue, Southend-On-Sea	3	Flat

Local Area Statistics

Population in SS2	36,41836,418
Population in Southend-on-Sea	106,129106,129
Town centre distance	0.55 miles away0.55 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.47 miles away0.47 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+8%+8%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+24%+24%

Property History

Listed for £225,000

February 25, 2025

Description

ENTRANCE HALL +
LARGE LOUNGE WITH BAY WINDOW +
MODERN FITTED KITCHEN WITH BUILT-IN OVEN & HOB +
THREE DOUBLE BEDROOMS +
BATHROOM/W.C +
SEPARATE CLOAKROOM +
GAS CENTRAL HEATING VIA RADIATORS +
OFF-STREET PARKING +
PRIVATE REAR GARDEN +

Occupying both first and second floors, this three bedroom split level apartment benefiting from a private garden, off-road parking and double glazing. The property is currently let, however can be offered with vacant possession should this be required.

Notice
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.