2 Bed Flat, Single Let, Leigh-on-Sea, SS9 2AJ, £200,000

London Road, Leigh-On-Sea, SS9 2AJ - 3 views - a month ago

Leasehold
BTL
ROI: 5%
~68 m²
+7 photos

ValuationUndervalued

Sold Prices£207.5K - £375K
Sold Prices/m²£2.5K/m² - £6.6K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.9K/m²

Value Estimate

£240,000
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£50,000

Stamp Duty & Legal Fees

£11,200

Total Cash In

£61,200

 

 

Cash Out

 

Rent Range

£900 - £3,000

Rent Estimate

£1,095

Running Costs/mo

£864

Cashflow/mo

£231

Cashflow/yr

£2,772

ROI

5%

Gross Yield

7%

Local Sold Prices

52 sold prices from £207.5K to £375K, average is £282.5K. £2.5K/m² to £6.6K/m², average is £4.8K/m².

PriceDateDistanceAddressBeds 
£270K06/210.13 mi123a, Southsea Avenue, Leigh-on-sea, Southend-on-sea SS9 2BH2
£235K01/210.14 mi12a, Station Road, Leigh-on-sea, Southend-on-sea SS9 1SU2
£235K01/210.14 mi12a, Station Road, Leigh-on-sea, Southend-on-sea SS9 1SU2
£270K02/210.16 mi1, Cranleigh Drive, Leigh-on-sea, Southend-on-sea SS9 1SX2
£292.5K09/230.2 mi256a, Elm Road, Leigh-on-sea, Southend-on-sea SS9 1SA2
£260K07/210.22 mi1a, Cranleigh Drive, Leigh-on-sea, Southend-on-sea SS9 1SX2
£280K11/200.23 mi193a, Elm Road, Leigh-on-sea, Southend-on-sea SS9 1SB2
£305K03/210.26 mi106a, Glendale Gardens, Leigh-on-sea, Southend-on-sea SS9 2AY2
£290K02/210.28 mi164a, Elm Road, Leigh-on-sea, Southend-on-sea SS9 1SQ2
£295K10/200.28 mi22, Victoria Drive, Leigh-on-sea, Southend-on-sea SS9 1SF2
£227.5K12/200.28 mi42, Victoria Drive, Leigh-on-sea, Southend-on-sea SS9 1SF2
£340K06/210.28 mi22a, Victoria Drive, Leigh-on-sea, Southend-on-sea SS9 1SF2
£265K10/230.3 mi127, Elm Road, Leigh-on-sea, Southend-on-sea SS9 1SP2
£315K08/230.3 mi24, Torquay Drive, Leigh-on-sea, Southend-on-sea SS9 1SE2
£300K12/220.3 mi15, Victoria Drive, Leigh-on-sea, Southend-on-sea SS9 1SF2
£295K12/220.3 mi35a, Torquay Drive, Leigh-on-sea, Southend-on-sea SS9 1SD2
£285K10/200.31 mi49a, Dawlish Drive, Leigh-on-sea, Southend-on-sea SS9 1QX2
£285K10/200.31 mi49a, Dawlish Drive, Leigh-on-sea, Southend-on-sea SS9 1QX2
£301K06/230.31 mi24, Southsea Avenue, Leigh-on-sea, Southend-on-sea SS9 2AX2
£265K07/230.31 mi46, Southsea Avenue, Leigh-on-sea, Southend-on-sea SS9 2AX2
£265K07/230.31 mi46, Southsea Avenue, Leigh-on-sea, Southend-on-sea SS9 2AX2
£330K01/230.32 mi130a, Oakleigh Park Drive, Leigh-on-sea, Southend-on-sea SS9 1RU2
£340K11/200.33 mi115, Salisbury Road, Leigh-on-sea, Southend-on-sea SS9 2JN2
£325K08/230.33 mi130, Oakleigh Park Drive, Leigh-on-sea, Southend-on-sea SS9 1RU2
£295K06/230.35 mi64a, Leigh Hall Road, Leigh-on-sea, Southend-on-sea SS9 1QZ2
£287.5K12/230.35 mi97a, Tankerville Drive, Leigh-on-sea, Southend-on-sea SS9 3DB2
£270K09/210.36 mi62, Olivia Drive, Leigh-on-sea, Southend-on-sea SS9 3EG2
£270K09/210.36 mi62, Olivia Drive, Leigh-on-sea, Southend-on-sea SS9 3EG2
£364K01/210.36 mi88, Grange Road, Leigh-on-sea, Southend-on-sea SS9 2HT2
£263K03/210.37 mi103a, Oakleigh Park Drive, Leigh-on-sea, Southend-on-sea SS9 1RR2
£328K10/230.37 mi87a, Oakleigh Park Drive, Leigh-on-sea, Southend-on-sea SS9 1RR2
£275K05/210.39 mi1099, London Road, Leigh-on-sea, Southend-on-sea SS9 3JJ2
£308K02/210.39 mi88, Oakleigh Park Drive, Leigh-on-sea, Southend-on-sea SS9 1RS2
£285K01/230.39 mi78a, Oakleigh Park Drive, Leigh-on-sea, Southend-on-sea SS9 1RS2
£210K05/230.39 mi86b, Oakleigh Park Drive, Leigh-on-sea, Southend-on-sea SS9 1RS2
£280K12/220.42 miFlat 86, St Clements Court East, Broadway West, Leigh-on-sea, Southend-on-sea SS9 2BS2
£306K10/200.42 mi71a, Leigham Court Drive, Leigh-on-sea, Southend-on-sea SS9 1PT2
£207.5K02/210.43 miFlat 77, St Clements Court East, Broadway West, Leigh-on-sea, Southend-on-sea SS9 2BS2
£268K02/210.43 miFlat 91, St Clements Court East, Broadway West, Leigh-on-sea, Southend-on-sea SS9 2BS2
£255K03/230.43 miFlat 89, St Clements Court East, Broadway West, Leigh-on-sea, Southend-on-sea SS9 2BS2
£215K09/230.43 miFlat 85, St Clements Court East, Broadway West, Leigh-on-sea, Southend-on-sea SS9 2BS2
£240K06/210.43 mi56, Leighton Avenue, Leigh-on-sea, Southend-on-sea SS9 1QA2
£310K11/200.44 mi144a, Pall Mall, Leigh-on-sea, Southend-on-sea SS9 1RA2
£375K11/230.45 mi149, Pall Mall, Leigh-on-sea, Southend-on-sea SS9 1RE2
£270K03/230.46 mi16a, Chalkwell Park Drive, Leigh-on-sea, Southend-on-sea SS9 1NJ2
£261.5K06/210.46 mi29a, Leigh Hall Road, Leigh-on-sea, Southend-on-sea SS9 1RL2
£297K12/230.47 mi12, East Street, Leigh-on-sea, Southend-on-sea SS9 1QF2
£240K05/210.47 mi1533, London Road, Leigh-on-sea, Southend-on-sea SS9 2SF2
£300K12/220.48 mi32b, Leigh Hall Road, Leigh-on-sea, Southend-on-sea SS9 1RN2
£280K09/210.48 mi8, Alexandra Road, Leigh-on-sea, Southend-on-sea SS9 1QD2
£295K06/210.49 mi63a, Chalkwell Park Drive, Leigh-on-sea, Southend-on-sea SS9 1NH2
£270K10/200.49 mi30, Laurel Close, Leigh-on-sea, Southend-on-sea SS9 2EE2

Local Rents

40 rents from £900/mo to £3K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,60002/250.05 mi-2
£1,20009/240.1 miTankerville Drive, Leigh-on-Sea, SS92
£1,25009/240.11 miLeigh on Sea2
£1,20009/240.14 miTankerville Drive, Leigh-on-Sea2
£1,42503/250.18 mi-2
£1,20009/240.2 miElm Road, Leigh-On-Sea, Essex, SS92
£1,25009/240.2 mi-2
£3,00009/240.23 mi-2
£1,40009/240.26 miGlendale Gardens, Leigh-on-Sea2
£1,09512/240.27 mi-2
£1,45009/240.27 miLeigh Hall Road, Leigh-on-Sea2
£1,25009/240.3 miSalisbury Road, Leigh-on-Sea2
£1,29504/250.31 mi-2
£1,30009/240.35 mi43a Pall MallLeigh On SeaEssex2
£1,75009/240.37 miLeighton Avenue, Leigh-On-Sea2
£1,25009/240.37 miLeigh on Sea - Marine Estate2
£1,25009/240.38 miHadleigh Road, Leigh On Sea, Essex2
£1,50009/240.4 mi-2
£99509/240.43 miSt Clements Court, Broadway West, Leigh-on-Sea2
£1,45004/250.46 mi-2
£1,25009/240.46 miPall Mall, Leigh-on-Sea2
£1,25002/250.46 mi-2
£1,65009/240.47 miThe Broadway, Leigh on sea, Leigh on sea, 2
£1,95009/240.47 miWest Street, Leigh On Sea2
£1,25009/240.47 miLondon Road, Leigh-on-Sea2
£1,25009/240.48 miBroadway, Leigh-On-Sea2
£1,35009/240.49 miLaurel Close, Leigh-on-Sea2
£1,45009/240.52 mi-2
£1,15009/240.52 miPavilion Drive, Leigh on sea2
£1,65003/250.53 mi-2
£1,35012/240.53 mi-2
£1,55012/240.55 mi-2
£1,20009/240.56 miLeigh Road, Leigh-On-Sea2
£1,49509/240.57 miGrange Park Drive Leigh On Sea2
£1,45006/240.58 mi-2
£90012/240.59 mi-2
£1,35012/240.6 mi-2
£2,10003/250.61 mi-2
£1,37509/240.62 miSuffolk Avenue, Leigh on Sea2
£1,90003/250.62 mi-2

Local Area Statistics

Population in SS9

49,984

Town centre distance

0.42 miles away

Nearest school

0.20 miles away

Nearest train station

0.73 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+14%

Sales demand

Balanced market

Capital growth (5yrs)

+24%

Property History

Listed for £200,000

March 16, 2025

Floor Plans

Description

  • Two bedroom ground floor flat in a prime SS9 postcode +
  • Within a well maintained development with immaculate communal gardens +
  • Allocated off road parking to rear +
  • Generous reception room with ample space to dine +
  • Spacious fitted kitchen +
  • Three piece bathroom +
  • Master bedroom with impressive dimension +
  • Long 159-year lease and lower-than-average leasehold outgoings (approx. £1000 PA inclusive of insurance, ground rent and service charge) +
  • Close to schools, shops, parks, seafront & Leigh Broadway +
  • Walking distance of Leigh station +

Located in sought-after Leigh-on-Sea , this 2-bedroom ground floor flat presents an enticing opportunity for first-time buyers, investors, or downsizers. Set within a well-maintained development, this home benefits from beautiful communal gardens, offering a serene escape from the urban bustle. The property boasts allocated off-road parking to the rear, ensuring convenience for residents. Inside, the generous reception room provides ample space for living and dining activities, while the spacious fitted kitchen offers good storage. The three-piece bathroom and master bedroom with impressive dimensions further enhance the appeal of this residence.

The property is conveniently situated within walking distance of local amenities such as schools, shops, parks, the seafront, and Leigh Broadway. Swift commuting is facilitated by the proximity to Leigh station, making this location ideal for professionals. With no onward chain, this property presents the opportunity for buyers to imprint their personal touch through improvements, all at a price designed to sell. Furthermore, the long 159-year lease and lower-than-average leasehold outgoings, approximately £1000 per annum inclusive of insurance, ground rent, and service charge, make this an economically sound investment for discerning purchasers.
EPC Rating: D

Agent Details

Blackshaw Homes, Southend

01702 967878

Next Steps?

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