4 Bed Semi-Detached House, Refurb/BRRR, Southend-on-Sea, SS2 5JY, £350,000

Royston Avenue, Southend-on-Sea, Essex, SS2 5JY - 14 views - 2 months ago

Refurb/BRRR
Planning
~129 m²
+15 photos

ValuationFair Value











Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£87,500

Stamp Duty & Legal Fees

£16,700

Refurb Costs

£62,246

Bridging Loan Interest

£9,188

Total Cash In

£177,383

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£462,598

Agent Fees (1%)

£4,626

Bridging Loan

£262,500

Bridging Loan Interest

£9,188

Flip Profit

£18,088













Local Rents

30 rents from £1.3K/mo to £2.8K/mo, average is £1.7K/mo.

RentDateDistanceAddressBeds 
£1,57509/240.08 miWentworth Road, Southend-On-Sea, Essex, SS23
£1,90011/230.14 mi-3
£1,50004/250.15 mi-4
£1,60009/240.25 miTennyson Avenue, Southend on Sea, SS23
£1,75001/250.25 mi-3
£1,75001/250.25 mi-3
£1,70011/230.28 mi-3
£2,00004/250.33 mi-4
£2,00012/240.35 mi-3
£1,50011/240.42 mi-3
£1,65002/240.42 mi-3
£1,70004/250.42 mi-3
£1,85003/250.43 mi-3
£1,60003/240.44 miTunbridge Road, Southend-on-Sea, Essex, SS23
£1,72501/250.45 mi-3
£1,90010/230.52 mi-4
£2,00012/240.52 mi-4
£1,80001/250.52 mi-4
£2,20009/240.53 miVictoria Avenue, Southend-On-Sea, SS24
£1,65010/240.55 mi-3
£1,65010/240.55 mi-3
£1,70011/240.56 mi-3
£1,70003/250.58 mi-3
£1,75009/240.58 miWestbury Road, Southend-On-Sea, Essex, SS23
£2,75009/240.59 mi-4
£2,75009/240.59 miThe Grove, Southend-On-Sea, SS24
£1,74003/250.59 mi-3
£1,95004/250.59 mi-3
£1,45003/240.6 miGuildford Road, Southend-on-Sea4
£1,30009/240.61 miBournemouth Park Road, Southend on Sea3

Local Area Statistics

Population in SS2

36,418

Population in Southend-on-Sea

106,129

Town centre distance

0.22 miles away

Nearest school

0.30 miles away

Nearest train station

0.24 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+8%

Sales demand

Balanced market

Capital growth (5yrs)

+24%

Property History

Listed for £350,000

February 25, 2025

Floor Plans

Description

  • COMPLETE ONWARD CHAIN +
  • AMPLE OFF STREET PARKING +
  • OPTION FOR EXTENSION STPP +
  • CLOSE TO PRITTLEWELL TRAIN STATION +
  • DOWN STAIRS WC +
  • LARGE ROOMS +

*COMPLETE ONWARD CHAIN*

Presenting a unique opportunity for first-time buyers and investors alike, this semi-detached house is a gem waiting to be discovered. Located in the sought-after Southend On Sea, this property is perfectly positioned for convenient access to public transport links.

Despite the property's need for modernisation, it is a canvas ripe for transformation. Advantaged by four sizeable bedrooms, this house offers spacious living and potential for development. The first and second bedrooms are double-sized, complete with built-in wardrobes, and the first also enjoys the charm of bay windows. The third bedroom is a single, while the fourth is another generous double, providing ample space for larger families or potential tenants.

A key feature of the property is its expansive kitchen, flooded with natural light and offering a large breakfast area, ideal for family meals or casual dining. The property also boasts two reception rooms, the first featuring a lovely open-plan layout with bay windows, while the second provides a tranquil garden view and direct access to the garden.

The bathroom is large and presents further scope to modernise and add value. Externally, the property benefits from off-street parking for four cars, a rarity in such a prime location. Additionally, there is potential to extend the property subject to planning permissions.

In summary, this house offers a wonderful opportunity for those looking to put their stamp on a home or for investors seeking a property with significant potential. With its prime location and spacious interiors, this property is a must-see.

Agent Details

Leaders Sales, Southend-On-Sea

01702 967359

Next Steps?

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