2 Bed Flat, Single Let, Southend-on-Sea, SS2 6DS, £150,000

Victoria Avenue, Southend-on-Sea, Essex, SS2 6DS - 1 views - a month ago

Leasehold
Auction
BTL
ROI: 12%
~68 m²
+9 photos

ValuationUndervalued

Sold Prices£75K - £285K
Sold Prices/m²£2.1K/m² - £5.4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.2K/m²

Value Estimate

£183,000
BMV22%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£37,500

Stamp Duty & Legal Fees

£8,700

Total Cash In

£46,200

 

 

Cash Out

 

Rent Range

£1,000 - £1,700

Rent Estimate

£1,184

Running Costs/mo

£726

Cashflow/mo

£458

Cashflow/yr

£5,501

ROI

12%

Gross Yield

9%

Local Sold Prices

50 sold prices from £75K to £285K, average is £206.5K. £2.1K/m² to £5.4K/m², average is £3.2K/m².

PriceDateDistanceAddressBeds 
£265K12/230.18 mi57, Boston Avenue, Southend-on-sea SS2 6JH2
£235K03/230.18 mi49a, Boston Avenue, Southend-on-sea SS2 6JH2
£145K07/210.19 mi24, Tunbridge Road, Southend-on-sea SS2 6LT2
£220K12/230.19 mi24a, Tunbridge Road, Southend-on-sea SS2 6LT2
£180K11/210.34 mi83b, Princes Street, Southend-on-sea SS1 1PT2
£75K04/210.35 miFlat 27, Martins Court, Stadium Road, Southend-on-sea SS2 5DH2
£190K12/200.36 mi19, Rayleigh Avenue, Westcliff-on-sea, Southend-on-sea SS0 7DS2
£165K10/230.37 mi7a, Rayleigh Avenue, Westcliff-on-sea, Southend-on-sea SS0 7DS2
£180K08/230.42 mi32b, Elmer Avenue, Southend-on-sea SS1 1NB2
£187.5K07/210.42 mi15, Napier Avenue, Southend-on-sea SS1 1LY2
£220K03/230.42 mi126, East Street, Southend-on-sea SS2 5EE2
£150K06/210.42 mi7, Balmoral Road, Westcliff-on-sea, Southend-on-sea SS0 7DG2
£240K09/210.43 mi55, Shakespeare Drive, Westcliff-on-sea, Southend-on-sea SS0 9AA2
£235K10/230.43 mi10, Ashburnham Road, Southend-on-sea SS1 1QD2
£200K11/210.44 mi259, Hamlet Court Road, Westcliff-on-sea, Southend-on-sea SS0 7DD2
£248K08/230.48 mi180, East Street, Southend-on-sea SS2 5EA2
£166.5K11/200.48 miFlat 14, Napier Court West, Gordon Place, Southend-on-sea SS1 1NH2
£135K11/230.49 mi1, Burdett Avenue, Westcliff-on-sea, Southend-on-sea SS0 7JN2
£185K02/210.49 mi30, Hamlet Road, Southend-on-sea SS1 1HJ2
£177K07/210.49 mi30a, Westborough Road, Westcliff-on-sea, Southend-on-sea SS0 9DP2
£200K06/210.5 mi8, Claremont Road, Westcliff-on-sea, Southend-on-sea SS0 7DZ2
£235K01/210.51 mi2a, Dryden Avenue, Southend-on-sea SS2 5EU2
£184.5K10/210.51 mi46, Burdett Avenue, Westcliff-on-sea, Southend-on-sea SS0 7JW2
£150K12/200.51 mi82, Burdett Avenue, Westcliff-on-sea, Southend-on-sea SS0 7JW2
£235K11/200.52 mi16, St Johns Road, Westcliff-on-sea, Southend-on-sea SS0 7JZ2
£140.5K03/210.52 mi40, Sutton Road, Southend-on-sea SS2 5EW2
£210K09/210.52 mi41, Central Avenue, Southend-on-sea SS2 5HR2
£220K02/230.54 mi485a, Sutton Road, Southend-on-sea SS2 5PL2
£210K08/230.54 mi473b, Sutton Road, Southend-on-sea SS2 5PL2
£200K09/210.54 mi70a, South Avenue, Southend-on-sea SS2 5JB2
£225K06/210.54 mi2, Burdett Avenue, Westcliff-on-sea, Southend-on-sea SS0 7JW2
£220K10/230.54 miGround Floor Flat, 28, Whitegate Road, Southend-on-sea SS1 2LQ2
£218K11/210.54 mi96a, Ennismore Gardens, Southend-on-sea SS2 5RB2
£210K12/200.54 mi96, Ennismore Gardens, Southend-on-sea SS2 5RB2
£237.5K05/230.54 mi108a, Ennismore Gardens, Southend-on-sea SS2 5RB2
£202.5K02/210.55 mi29, South Avenue, Southend-on-sea SS2 5JA2
£200K09/210.55 mi43a, Swanage Road, Southend-on-sea SS2 5HX2
£205K04/210.58 mi64, Westborough Road, Westcliff-on-sea, Southend-on-sea SS0 9DL2
£244K06/210.58 miGround Floor Flat, 86, St Helens Road, Westcliff-on-sea, Southend-on-sea SS0 7LE2
£220K01/210.58 mi92, St Helens Road, Westcliff-on-sea, Southend-on-sea SS0 7LE2
£285K03/210.58 mi23b, Cambridge Road, Southend-on-sea SS1 1ET2
£200K11/210.59 mi12, Hermitage Road, Westcliff-on-sea, Southend-on-sea SS0 7NQ2
£200K09/210.59 mi70a, South Avenue, Southend-on-sea SS2 5JB2
£130K08/230.6 mi75a, Tyrrel Drive, Southend-on-sea SS1 2LN2
£193K12/230.6 mi6, Tyrrel Drive, Southend-on-sea SS1 2LN2
£210K10/200.6 mi8a, Tyrrel Drive, Southend-on-sea SS1 2LN2
£245K05/230.62 mi11a, Shakespeare Avenue, Westcliff-on-sea, Southend-on-sea SS0 0ST2
£208K03/230.63 mi158, Glenwood Avenue, Westcliff-on-sea, Southend-on-sea SS0 9DT2
£250K09/210.64 mi50, Cossington Road, Westcliff-on-sea, Southend-on-sea SS0 7NG2
£240.5K04/210.66 mi68a, Valkyrie Road, Westcliff-on-sea, Southend-on-sea SS0 8AP2

Local Rents

38 rents from £1K/mo to £1.7K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,17502/250 miThe Pinnacle , 59 Victoria Avenue 2
£1,12509/240.01 miThe Pinnacle , Southend-On-Sea2
£1,40009/240.01 mi-2
£1,55003/250.01 mi-2
£1,35011/240.02 mi-2
£1,50003/250.02 mi-2
£1,35002/250.02 mi-2
£1,35003/250.02 mi-2
£1,32509/240.02 miThe Avenue, Southend-on-sea, Essex2
£1,32503/240.02 miThe Avenue, Southend-on-sea, Essex2
£1,40009/240.04 miVictoria Avenue, Southend-on-Sea2
£1,35003/240.04 miBeaumont Court2
£1,25003/240.04 miBeaumont Court, Southend-On-Sea2
£1,35009/240.04 miVictoria Avenue, SOUTHEND-ON-SEA2
£1,45009/240.04 miVictoria Avenue, SOUTHEND-ON-SEA2
£1,40009/240.04 mi2 bedroom 1st Floor Flat in Southend on Sea2
£1,45009/240.04 miVictoria Avenue, SOUTHEND-ON-SEA2
£1,35009/240.04 miBeaumont Court, Victoria Avenue2
£1,35009/240.04 miBeaumont Court, Victoria Avenue, Southend on Sea2
£1,45009/240.04 miVictoria Avenue, SOUTHEND-ON-SEA2
£1,40009/240.04 miVictoria Avenue, Southend-on-Sea2
£1,50010/240.04 mi-2
£1,65002/250.04 mi-2
£1,45011/230.04 mi-2
£1,27509/240.04 miBeaumont Court, - Victoria Avenue, Southend-On-Sea2
£1,30011/240.08 mi-2
£1,25009/240.08 mi-2
£1,25008/240.08 mi-2
£1,25009/240.08 mi-2
£1,35009/240.13 miSweyne Avenue, Southend On Sea2
£1,00004/250.13 mi-2
£1,28001/250.14 mi-2
£1,70009/240.15 mi-2
£1,40009/240.15 miVictoria Avenue, Southend on Sea, SS22
£1,50003/250.17 mi-2
£1,35002/250.17 mi-2
£1,45009/240.21 mi-2
£1,25010/240.27 mi-2

Local Area Statistics

Population in SS2

36,418

Population in Southend-on-Sea

106,129

Town centre distance

0.69 miles away

Nearest school

0.10 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 £150,000

February 25, 2025

Floor Plans

Description

  • Two Good Size Bedrooms +
  • Modern Fitted kitchen +
  • En Suite To Master bedroom +
  • Concierge +
  • Secured Parking +
  • No Onward Chain +

We are pleased to be offering this good size two bedroom second floor apartment benefitting from Concierge entrance, secure gated parking, open plan lounge kitchen with modern fitted kitchen, modern family bathroom, En suite to master bedroom, two good size bedrooms. This property is situated within easy access to main line station, and town centre and is being offered with no onward chain. To fully appreciate an early internal viewing is strongly advised.

AUCTIONEER COMMENTS This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold Limited. This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor. This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey). The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded. This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack. The buyer will also make payment of £300 including VAT towards the preparation cost of the pack, where it has been provided by iamsold. The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change. Referral Arrangements The Partner Agent and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted. Where services are accepted the Auctioneer or Partner Agent may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you.

Agent Details

Bairstow Eves, Southend-on-Sea

01702 967948

Next Steps?

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