2 Bed Terraced House, Refurb/BRRR, Southend-on-Sea, SS1 1QA, £240,000

Princes Street, Southend-on-sea, SS1 1QA - 2 views - a month ago

Sold STC
Refurb/BRRR
ROI: 4%
~68 m²
+5 photos

ValuationOvervalued

Sold Prices£150K - £430K
Sold Prices/m²£1.8K/m² - £5.1K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.5K/m²

Value Estimate

£206,550

 

 

End Value (After Refurb)

£252,167

Uplift in Value

+5%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£60,000

Stamp Duty & Legal Fees

£13,200

Refurb Costs

£33,103

Bridging Loan Interest

£6,300

Total Cash In

£114,353

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£252,167

Mortgage (After Refinance)

£189,125

Mortgage LTV

75%

Cash Released

£9,125

Cash Left In

£105,228

Equity

£63,042

Rent Range

£1,050 - £3,400

Rent Estimate

£1,482

Running Costs/mo

£1,104

Cashflow/mo

£378

Cashflow/yr

£4,531

ROI

4%

Gross Yield

7%

Local Sold Prices

51 sold prices from £150K to £430K, average is £250K. £1.8K/m² to £5.1K/m², average is £3.3K/m².

PriceDateDistanceAddressBeds 
£250K11/200.02 mi51, Princes Street, Southend-on-sea SS1 1QA2
£260K01/210.04 mi13, Princes Street, Southend-on-sea SS1 1QA2
£245K10/210.04 mi16, Park Street, Westcliff-on-sea, Southend-on-sea SS0 7PA2
£334.2K10/230.04 mi58, Park Street, Westcliff-on-sea, Southend-on-sea SS0 7PA2
£157K12/200.04 mi58, Park Street, Westcliff-on-sea, Southend-on-sea SS0 7PA2
£200K01/210.04 mi55, Park Street, Westcliff-on-sea, Southend-on-sea SS0 7PA2
£220K08/230.07 mi32, Hamlet Road, Southend-on-sea SS1 1HJ2
£219.4K10/230.12 mi2, Park Road, Westcliff-on-sea, Southend-on-sea SS0 7PE2
£232K04/210.12 mi110, Park Street, Westcliff-on-sea, Southend-on-sea SS0 7PD2
£243K04/210.12 mi105, Park Street, Westcliff-on-sea, Southend-on-sea SS0 7PD2
£430K06/210.15 mi6, Cambridge Road, Southend-on-sea SS1 1ET2
£385K07/230.18 miEdithville, Park Terrace, Westcliff-on-sea, Southend-on-sea SS0 7PH2
£227K12/230.26 mi39, Avenue Terrace, Westcliff-on-sea, Southend-on-sea SS0 7PL2
£198K01/230.38 mi17, Hadleigh Road, Westcliff-on-sea, Southend-on-sea SS0 7NP2
£340K06/210.42 mi14, St Johns Road, Westcliff-on-sea, Southend-on-sea SS0 7JZ2
£210K10/220.47 mi57a, Heygate Avenue, Southend-on-sea SS1 2AN2
£300K02/240.47 mi27, Windsor Road, Westcliff-on-sea, Southend-on-sea SS0 7DF2
£280K05/230.47 mi11, Windsor Road, Westcliff-on-sea, Southend-on-sea SS0 7DF2
£255.5K06/210.48 mi38, Salisbury Avenue, Westcliff-on-sea, Southend-on-sea SS0 7AX2
£250K08/210.5 mi41, Coleman Street, Southend-on-sea SS2 5AW2
£233K04/230.5 mi31, Coleman Street, Southend-on-sea SS2 5AW2
£250K05/230.5 mi55, Coleman Street, Southend-on-sea SS2 5AW2
£236K01/240.53 mi223, North Road, Westcliff-on-sea, Southend-on-sea SS0 7AF2
£152K10/220.55 mi5, Horace Road, Southend-on-sea SS1 2DN2
£257K08/210.56 mi11, Claremont Close, Westcliff-on-sea, Southend-on-sea SS0 7UA2
£285K01/230.57 mi97, Salisbury Avenue, Westcliff-on-sea, Southend-on-sea SS0 7BB2
£250K04/210.59 mi113, Salisbury Avenue, Westcliff-on-sea, Southend-on-sea SS0 7BB2
£240K10/200.61 mi28, Colchester Road, Southend-on-sea SS2 6HP2
£267K01/240.62 mi65, Colchester Road, Southend-on-sea SS2 6HW2
£255K05/240.62 mi26a, Anerley Road, Westcliff-on-sea, Southend-on-sea SS0 7HH2
£215K10/200.63 mi5, Wallis Avenue, Southend-on-sea SS2 6HS2
£250K12/200.65 mi32, Tudor Road, Westcliff-on-sea, Southend-on-sea SS0 7AD2
£247K06/210.69 mi20, Hartington Place, Southend-on-sea SS1 2HN2
£230K02/210.7 mi24, Hartington Place, Southend-on-sea SS1 2HN2
£293K04/210.7 mi14, South Avenue, Southend-on-sea SS2 5JB2
£344K08/220.7 mi11, Bircham Road, Southend-on-sea SS2 5DN2
£251.5K11/230.71 mi107b, Southchurch Avenue, Southend-on-sea SS1 2RW2
£150K04/240.71 mi46, Pleasant Road, Southend-on-sea SS1 2HJ2
£375K12/230.72 mi10, Vale Avenue, Southend-on-sea SS2 5FU2
£330K12/220.72 mi15, Shakespeare Drive, Westcliff-on-sea, Southend-on-sea SS0 9AA2
£168K11/230.73 mi114, Southchurch Avenue, Southend-on-sea SS1 2RP2
£275K04/230.75 mi41, Southchurch Avenue, Southend-on-sea SS1 2EY2
£300K02/230.75 mi58, Central Avenue, Southend-on-sea SS2 5HS2
£232.5K02/210.75 mi70, North Avenue, Southend-on-sea SS2 5HU2
£320K06/230.75 mi70, North Avenue, Southend-on-sea SS2 5HU2
£320K06/230.75 mi70, North Avenue, Southend-on-sea SS2 5HU2
£270K11/230.75 mi30a, North Avenue, Southend-on-sea SS2 5HU2
£285K09/210.76 mi25, North Avenue, Southend-on-sea SS2 5HT2
£290K12/220.77 mi13, North Avenue, Southend-on-sea SS2 5HT2
£225.4K01/240.78 mi104, East Street, Southend-on-sea SS2 6LH2
£207.5K05/230.8 mi42, Marks Court, Southend-on-sea SS1 2RH2

Local Rents

51 rents from £1.1K/mo to £3.4K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,82007/240.03 mi-2
£1,69004/250.03 mi-2
£1,20009/240.07 mi-2
£1,20003/250.07 mi-2
£1,20002/240.09 miQueens Road, Southend-On-Sea2
£1,25002/240.09 mi-2
£1,25009/240.11 miAshburnham Road, Southend-On-Sea2
£1,40009/240.14 miPark Road, Westcliff-On-Sea2
£1,10009/240.14 mi-2
£1,40004/250.17 mi-2
£1,40003/250.17 mi-2
£1,10009/240.18 miLondon Road, Westcliff-On-Sea2
£1,45009/240.18 miCollege Way, Southend-on-Sea2
£1,30010/230.19 mi-2
£1,45004/250.19 mi-2
£1,30009/240.19 miSt Vincents Road, Westcliff On Sea, Essex2
£1,70009/240.2 miCambridge Road, Clifftown Conservation, SS12
£1,25009/240.2 miAvenue Road, Westcliff-on-Sea2
£1,55004/250.2 mi-2
£1,25009/240.21 miLondon Road, Westcliff-on-Sea, SS12
£1,30001/240.21 mi-2
£1,40001/240.22 mi-2
£1,25009/240.22 miLondon Road, Westcliff-on-Sea, SS12
£1,20009/240.22 miSt. Vincents Road, Westcliff-On-Sea2
£3,00009/240.23 mi-2
£3,00009/240.23 mi-2
£2,70003/250.23 mi-2
£1,05002/240.23 miHigh Street, Southend-On-Sea, Essex, SS12
£1,25009/240.24 mi27 Clifftown Parade, Southend-on-sea, SS12
£1,20009/240.24 miStation Approach, Southend-On-Sea, Essex, SS12
£1,20009/240.25 miClifftown Road, Southend on Sea2
£1,10009/240.25 miClifftown Road, Southend on Sea2
£1,25009/240.25 mi-2
£1,25009/240.25 mi-2
£1,45009/240.26 miWestward Ho, * Westcliff Seafront *, Westcliff Parade, Essex, SS02
£1,37509/240.27 mi122-124 Ellaron Apartments, Flat 5, High Street, Southend-on-Sea2
£1,37509/240.28 mi122-124 Ellaron Apartments, Flat 1, High Street, Southend-on-Sea2
£1,35002/250.28 mi-2
£1,50003/250.28 mi-2
£1,27509/240.29 miLondon Road, Southend-On-Sea2
£1,15009/240.29 miChartwell Plaza, Southchurch Road, Southend On Sea2
£1,39509/240.3 miClifton Terrace, Southend-On-Sea2
£1,45002/240.31 mi-2
£1,40009/240.31 miClifton Terrace 2
£1,45009/240.31 mi-2
£1,88007/240.32 mi-2
£3,40009/240.33 mi-2
£1,88009/240.33 mi-2
£1,40009/240.33 miVictoria Avenue, Southend on Sea, SS22
£1,20009/240.34 mi16 Chichester Road, Southend On Sea, Essex, SS12
£1,20009/240.34 miAlexandra Street, Southend-On-Sea2

Local Area Statistics

Population in SS1

26,369

Population in Southend-on-Sea

106,129

Town centre distance

1.02 miles away

Nearest school

0.20 miles away

Nearest train station

0.21 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+40%

Sales demand

Buyer's market

Capital growth (5yrs)

+21%

Property History

Listed for £240,000

March 13, 2025

Floor Plans

Description

  • Charming two-bedroom terraced home in the heart of Southend-on-Sea +
  • Fantastic opportunity for modernisation – perfect for investors or first-time buyers +
  • Two spacious double bedrooms offering generous living space +
  • Two reception rooms, providing flexibility for lounge and dining areas +
  • Well-sized kitchen with potential for redesign and expansion +
  • Large rear garden, ideal for outdoor entertaining and relaxation +
  • Prime location near Southend city centre, seafront, and local amenities +
  • Excellent transport links with easy access to Southend Central & Southend Victoria stations +
  • Energy-efficient features including solar panels, a heat source pump, and new radiators +
  • New boiler installed, ensuring reliable heating and hot water +

This two-bedroom terraced home on Princes Street presents an excellent opportunity for those looking to put their own stamp on a property. With two reception rooms, a separate kitchen, and a ground-floor bathroom, the layout offers great potential to be transformed into a modern and stylish living space. The first floor boasts two large double bedrooms, making it an ideal home for couples, small families, or buy-to-let investors. While in need of some updating, the property’s solid structure and spacious interiors provide an exciting renovation project.

Tenure: Freehold
Council Tax Band: B

Agent Details

Gilbert & Rose, Leigh-on-sea

01702 967150

Next Steps?

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

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