2 Bed Flat, Refurb/BRRR, Southend-on-Sea, SS2 5PW, £200,000

Sutton Road, Southend-on-Sea, Essex, SS2 5PW - 4 views - 25 days ago

Leasehold
Refurb/BRRR
ROI: 6%
~68 m²
+9 photos

ValuationFair Value

Sold Prices£75K - £440K
Sold Prices/m²£2.3K/m² - £5.4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.9K/m²

Value Estimate

£200,000

 

 

End Value (After Refurb)

£236,596

Uplift in Value

+18%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£50,000

Stamp Duty & Legal Fees

£11,200

Refurb Costs

£32,800

Bridging Loan Interest

£5,250

Total Cash In

£101,000

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£236,596

Mortgage (After Refinance)

£177,447

Mortgage LTV

75%

Cash Released

£27,447

Cash Left In

£73,553

Equity

£59,149

Rent Range

£995 - £4,250

Rent Estimate

£1,540

Running Costs/mo

£1,067

Cashflow/mo

£473

Cashflow/yr

£5,672

ROI

6%

Gross Yield

9%

Local Sold Prices

51 sold prices from £75K to £440K, average is £200K. £2.3K/m² to £5.4K/m², average is £3.4K/m².

PriceDateDistanceAddressBeds 
£220K02/230.13 mi485a, Sutton Road, Southend-on-sea SS2 5PL2
£210K08/230.13 mi473b, Sutton Road, Southend-on-sea SS2 5PL2
£248K08/230.19 mi180, East Street, Southend-on-sea SS2 5EA2
£210K12/200.2 mi96, Ennismore Gardens, Southend-on-sea SS2 5RB2
£218K11/210.2 mi96a, Ennismore Gardens, Southend-on-sea SS2 5RB2
£237.5K05/230.2 mi108a, Ennismore Gardens, Southend-on-sea SS2 5RB2
£275K12/220.24 mi339, Bournemouth Park Road, Southend-on-sea SS2 5LQ2
£220K03/230.26 mi126, East Street, Southend-on-sea SS2 5EE2
£75K04/210.49 miFlat 27, Martins Court, Stadium Road, Southend-on-sea SS2 5DH2
£235K01/210.49 mi2a, Dryden Avenue, Southend-on-sea SS2 5EU2
£145K07/210.5 mi24, Tunbridge Road, Southend-on-sea SS2 6LT2
£220K12/230.5 mi24a, Tunbridge Road, Southend-on-sea SS2 6LT2
£210K09/210.58 mi41, Central Avenue, Southend-on-sea SS2 5HR2
£202.5K02/210.63 mi29, South Avenue, Southend-on-sea SS2 5JA2
£200K09/210.65 mi70a, South Avenue, Southend-on-sea SS2 5JB2
£200K09/210.65 mi70a, South Avenue, Southend-on-sea SS2 5JB2
£200K09/210.68 mi43a, Swanage Road, Southend-on-sea SS2 5HX2
£190K11/200.7 mi14, Thornford Gardens, Southend-on-sea SS2 6PU2
£210K12/200.71 mi107, Rylands Road, Southend-on-sea SS2 4LL2
£240K09/210.74 mi55, Shakespeare Drive, Westcliff-on-sea, Southend-on-sea SS0 9AA2
£440K12/200.75 mi1, Beeleigh Close, Southend-on-sea SS2 6PA2
£140.5K03/210.77 mi40, Sutton Road, Southend-on-sea SS2 5EW2
£196K03/210.78 mi48b, Seaforth Grove, Southend-on-sea SS2 4EW2
£210K12/200.79 mi51a, Eastcote Grove, Southend-on-sea SS2 4QA2
£200K02/210.8 mi69a, Wimborne Road, Southend-on-sea SS2 4JR2
£209K12/200.81 mi262, Central Avenue, Southend-on-sea SS2 4EE2
£170K03/230.81 mi46, Eastcote Grove, Southend-on-sea SS2 4QB2
£198K04/210.81 mi40a, Westbury Road, Southend-on-sea SS2 4DP2
£245K05/230.83 mi11a, Shakespeare Avenue, Westcliff-on-sea, Southend-on-sea SS0 0ST2
£200K03/210.84 mi78, Boscombe Road, Southend-on-sea SS2 4JP2
£180K05/210.84 mi101a, Boscombe Road, Southend-on-sea SS2 4JP2
£235K03/230.84 mi49a, Boston Avenue, Southend-on-sea SS2 6JH2
£265K12/230.84 mi57, Boston Avenue, Southend-on-sea SS2 6JH2
£177K03/210.87 mi11a, Oban Road, Southend-on-sea SS2 4JJ2
£177K03/210.87 mi11a, Oban Road, Southend-on-sea SS2 4JJ2
£160K07/210.87 mi2a, Trinity Road, Southend-on-sea SS2 4HJ2
£179K06/210.88 mi30, Crossfield Road, Southend-on-sea SS2 4LS2
£190K12/200.89 mi19, Rayleigh Avenue, Westcliff-on-sea, Southend-on-sea SS0 7DS2
£165K10/230.89 mi7a, Rayleigh Avenue, Westcliff-on-sea, Southend-on-sea SS0 7DS2
£192.5K06/210.91 mi27a, Stromness Road, Southend-on-sea SS2 4JG2
£200K10/210.91 mi39, Stromness Road, Southend-on-sea SS2 4JG2
£200K06/210.91 mi31a, Christchurch Road, Southend-on-sea SS2 4JS2
£213K12/230.94 mi194, Fairfax Drive, Westcliff-on-sea, Southend-on-sea SS0 9BG2
£177K07/210.94 mi30a, Westborough Road, Westcliff-on-sea, Southend-on-sea SS0 9DP2
£210K10/200.94 mi8a, Tyrrel Drive, Southend-on-sea SS1 2LN2
£130K08/230.94 mi75a, Tyrrel Drive, Southend-on-sea SS1 2LN2
£193K12/230.94 mi6, Tyrrel Drive, Southend-on-sea SS1 2LN2
£270K11/210.94 mi4, Bellevue Mews, Southend-on-sea SS2 4PE2
£180K03/210.96 mi16a, Stromness Road, Southend-on-sea SS2 4JQ2
£208K03/230.97 mi158, Glenwood Avenue, Westcliff-on-sea, Southend-on-sea SS0 9DT2
£195K12/200.97 mi118, Trinity Road, Southend-on-sea SS2 4HW2

Local Rents

15 rents from £995/mo to £4.3K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,05001/250.18 mi-2
£1,30003/250.2 mi-2
£1,35004/250.29 mi-2
£99503/240.29 miKenway, Southend-On-Sea, Essex, SS22
£1,00003/240.29 miVantage Court, Kenway Southend-on-Sea2
£1,29502/240.4 mi-2
£1,25008/240.4 mi-2
£1,25008/240.4 mi-2
£1,20009/240.53 miNorth Avenue, Southend on - sea2
£1,10001/250.54 mi-2
£1,10004/250.56 mi-2
£4,25002/240.56 mi-2
£3,75009/240.56 mi-2
£1,50010/240.57 mi-2
£1,45009/240.62 miFairfax Drive, Westcliff-on-Sea, Essex, SS02

Local Area Statistics

Population in SS2

36,418

Population in Southend-on-Sea

106,129

Town centre distance

0.31 miles away

Nearest school

0.30 miles away

Nearest train station

0.23 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+8%

Sales demand

Balanced market

Capital growth (5yrs)

+24%

Property History

Listed for £200,000

March 20, 2025

Floor Plans

Description

Hunt Roche Leigh-on-Sea are delighted to bring to the market this bright and spacious two bedroom first floor flat in a popular purpose-built block boasting 17' x 13'1 Living Room & 17' x 8'6 Kitchen/Dining Room with open views of Victory Sports Ground with garage-in block, communal parking, built-in wardrobes, gas central heating, uPVC double glazing throughout, no onward chain & immediate vacant possession.

In need of modernisation but offered at a fantastic price and in a central and convenient location, 0.4 miles to Prittlewell Mainline Railway Station (55 mins to London Liverpool Street), a stone's through to Victory Sports Ground and Jones Memorial Recreational Ground and close to the Town Centre.

Call to arrange your viewing!

Agent Details

Hunt Roche, Leigh-On-Sea

01702 967617

Next Steps?

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