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2 Bed Terraced House, Refurb/BRRR, Southend-on-Sea, SS2 5NG, £220,000

47 Cromwell Road, Southend-on-Sea, Essex, SS2 5NG - 4 views - 18 days ago

Auction
BTL
Refurb/BRRR
ROI: 6%
67 m²

ValuationFair Value

Sold Prices£195K - £535K
Sold Prices/m²£2.4K/m² - £8.2K/m²

 

 

Square Metres

67 m²
Price/m²£3.3K/m²

Value Estimate

£221,000

 

 

End Value (After Refurb)

£248,148

Uplift in Value

+13%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£55,000

Stamp Duty & Legal Fees

£12,200

Refurb Costs

£32,265

Bridging Loan Interest

£5,775

Total Cash In

£106,990

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£248,148

Mortgage (After Refinance)

£186,111

Mortgage LTV

75%

Cash Released

£21,111

Cash Left In

£85,879

Equity

£62,037

Rent Range

£995 - £4,250

Rent Estimate

£1,665

Running Costs/mo

£1,128

Cashflow/mo

£537

Cashflow/yr

£6,438

ROI

6%

Gross Yield

9%

Local Sold Prices

51 sold prices from £195K to £535K, average is £287K. £2.4K/m² to £8.2K/m², average is £3.6K/m².

PriceDateDistanceAddressBeds 
£287K02/210.1 mi346, Bournemouth Park Road, Southend-on-sea SS2 5LZ2
£280K12/200.14 mi11, Weybourne Gardens, Southend-on-sea SS2 4AU2
£290K03/210.19 mi3, Stuart Road, Southend-on-sea SS2 5JS2
£315K07/230.22 mi24, Stuart Road, Southend-on-sea SS2 5JT2
£310K09/230.28 mi8, Lyndale Avenue, Southend-on-sea SS2 4BZ2
£297.5K02/240.28 mi46, Lyndale Avenue, Southend-on-sea SS2 4BZ2
£340K08/210.3 mi58, Walsingham Road, Southend-on-sea SS2 4AJ2
£322K02/210.31 mi52, Walsingham Road, Southend-on-sea SS2 4AJ2
£325K09/210.33 mi93, Walsingham Road, Southend-on-sea SS2 4AL2
£195K11/230.35 mi4, Station Avenue, Southend-on-sea SS2 5ED2
£260K12/230.35 mi45, Station Avenue, Southend-on-sea SS2 5ED2
£375K11/230.41 mi7, Walsingham Road, Southend-on-sea SS2 4AN2
£274K07/230.42 mi86, St Lukes Road, Southend-on-sea SS2 4AD2
£280K09/230.43 mi13a, Sycamore Grove, Southend-on-sea SS2 5HJ2
£375K12/230.46 mi10, Vale Avenue, Southend-on-sea SS2 5FU2
£344K08/220.48 mi11, Bircham Road, Southend-on-sea SS2 5DN2
£300K07/230.49 mi73, Norwich Avenue, Southend-on-sea SS2 4DE2
£250K10/200.51 mi22, Lewes Road, Southend-on-sea SS2 4BB2
£290K12/220.53 mi13, North Avenue, Southend-on-sea SS2 5HT2
£291K01/230.53 mi6, St Edmunds Close, Southend-on-sea SS2 4AS2
£225.4K01/240.53 mi104, East Street, Southend-on-sea SS2 6LH2
£260K09/210.53 mi15, St Edmunds Close, Southend-on-sea SS2 4AS2
£255K11/210.53 mi4, St Edmunds Close, Southend-on-sea SS2 4AS2
£285K09/210.54 mi25, North Avenue, Southend-on-sea SS2 5HT2
£232.5K02/210.55 mi70, North Avenue, Southend-on-sea SS2 5HU2
£320K06/230.55 mi70, North Avenue, Southend-on-sea SS2 5HU2
£320K06/230.55 mi70, North Avenue, Southend-on-sea SS2 5HU2
£270K11/230.55 mi30a, North Avenue, Southend-on-sea SS2 5HU2
£300K01/230.56 mi139, Bournemouth Park Road, Southend-on-sea SS2 5JL2
£270K05/210.56 mi60, Cumberland Avenue, Southend-on-sea SS2 4LQ2
£300K02/230.59 mi58, Central Avenue, Southend-on-sea SS2 5HS2
£275K12/200.59 mi99, Central Avenue, Southend-on-sea SS2 4DY2
£215K01/210.59 mi151, Central Avenue, Southend-on-sea SS2 4DY2
£250K06/210.59 mi129, Central Avenue, Southend-on-sea SS2 4DY2
£235K12/200.64 mi149a, South Avenue, Southend-on-sea SS2 4HX2
£260K06/210.65 mi37, Eastcote Grove, Southend-on-sea SS2 4QA2
£293K04/210.65 mi14, South Avenue, Southend-on-sea SS2 5JB2
£230K04/210.67 mi146, South Avenue, Southend-on-sea SS2 4HU2
£250K02/210.67 mi148, South Avenue, Southend-on-sea SS2 4HU2
£225K05/210.68 mi45, Cole Avenue, Southend-on-sea SS2 6BH2
£327K03/230.69 mi227, South Avenue, Southend-on-sea SS2 4HT2
£327.5K12/230.72 mi154, Lonsdale Road, Southend-on-sea SS2 4LR2
£335K02/210.73 mi2, Branksome Road, Southend-on-sea SS2 4HQ2
£320.5K11/210.75 mi37, Trinity Road, Southend-on-sea SS2 4HL2
£240K10/200.76 mi28, Colchester Road, Southend-on-sea SS2 6HP2
£215K10/200.77 mi5, Wallis Avenue, Southend-on-sea SS2 6HS2
£290K09/230.77 mi285, Hamstel Road, Southend-on-sea SS2 4LD2
£305K08/230.77 mi333, Hamstel Road, Southend-on-sea SS2 4LD2
£280K06/210.78 mi46, Trinity Road, Southend-on-sea SS2 4HJ2
£267K01/240.78 mi65, Colchester Road, Southend-on-sea SS2 6HW2
£535K03/230.78 mi62, Manners Way, Southend-on-sea SS2 6PT2

Local Rents

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

RentDateDistanceAddressBeds 
£1,05001/250.32 mi-2
£1,30003/250.35 mi-2
£99503/240.41 miKenway, Southend-On-Sea, Essex, SS22
£1,00003/240.41 miVantage Court, Kenway Southend-on-Sea2
£1,35004/250.44 mi-2
£1,29502/240.49 mi-2
£1,25008/240.49 mi-2
£1,25008/240.49 mi-2
£1,20009/240.53 miNorth Avenue, Southend on - sea2
£4,25002/240.55 mi-2
£3,75009/240.55 mi-2
£1,10001/250.55 mi-2
£1,10003/250.58 mi-2
£1,50003/250.59 mi-2
£99509/240.61 miRylands Road,2
£2,65009/240.62 mi-2
£2,65009/240.62 miSouthend On Sea, Southend-On-Sea, SS22
£1,57503/250.62 mi-2

Links

Local Area Statistics

Population in SS2

36,418

Population in Southend-on-Sea

106,129

Town centre distance

0.25 miles away

Nearest school

0.20 miles away

Nearest train station

0.39 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+8%

Sales demand

Balanced market

Capital growth (5yrs)

+24%

Property History

Listed for £220,000

March 22, 2025

Floor Plans

Description

  • Freehold +
  • Strictly by appointment with Auctioneers +

FOR SALE BY PUBLIC AUCTION ON THURSDAY, 10TH APRIL 2025 AT 12.00PM. LIVE STREAMED VIA DEDMAN GRAY WEBSITE. BIDDING AVAILABLE BY TELEPHONE, PROXY AND ONLINE

REFURBISHMENT OPPORTUNITY: A VACANT FREEHOLD MID-TERRACE WITH OFF-ROAD PARKING AND 80FT GARDEN IN NEED OF MODERNISATION AND IMPROVEMENT
A Vacant two bedroom mid-terraced house with off-road parking and 80ft garden. The property is in need of renovation. Internal accommodation comprises 18ft open plan living space and ground floor and bathroom. The first floor accommodation comprises two double bedrooms.
Entrance Hall
Lounge/Diner 18'0 x 11'3
Kitchen 9'0 x 8'3
Bathroom/WC 7'4 x 4'9
First Floor Landing
Bedroom One 12'3 x 9'8
Bedroom Two 13'8 x 10'7
Cromwell Road is within walking distance to two major rail links serving London's Fenchurch Street & Liverpool Street as well as close to Southend University and London Southend Airport. Offering potential for a buy to let investment or owner occupation.
D

Agent Details

Dedman Gray Auctions, Essex

01702 311010

Next Steps?

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