2 Bed Terraced House, Refurb/BRRR, Southend-on-Sea, SS1 2QW, £270,000

Fernbrook Avenue, Southend-On-Sea, SS1 2QW - a month ago

Refurb/BRRR
ROI: 2%
~68 m²
+14 photos

ValuationOvervalued

Sold Prices£200K - £545K
Sold Prices/m²£2.4K/m² - £6.7K/m²

 

 

Square Metres

~68.11 m²
Price/m²£4K/m²

Value Estimate

£249,391

 

 

End Value (After Refurb)

£260,328

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£67,500

Stamp Duty & Legal Fees

£15,700

Refurb Costs

£33,103

Bridging Loan Interest

£7,088

Total Cash In

£125,141

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£260,328

Mortgage (After Refinance)

£195,246

Mortgage LTV

75%

Cash Left In

£125,141

Equity

£65,082

Rent Range

£925 - £2,500

Rent Estimate

£1,307

Running Costs/mo

£1,095

Cashflow/mo

£212

Cashflow/yr

£2,545

ROI

2%

Gross Yield

6%

Local Sold Prices

51 sold prices from £200K to £545K, average is £280K. £2.4K/m² to £6.7K/m², average is £4K/m².

PriceDateDistanceAddressBeds 
£262K07/230 mi8, Fernbrook Avenue, Southend-on-sea SS1 2QW2
£212K12/230 mi34, Fernbrook Avenue, Southend-on-sea SS1 2QW2
£245K02/210.03 mi50, Brighton Avenue, Southend-on-sea SS1 2QN2
£255K11/210.04 mi35, Oakleigh Avenue, Southend-on-sea SS1 2QR2
£282K11/220.05 mi23, Oakleigh Avenue, Southend-on-sea SS1 2QR2
£245.1K05/210.06 mi10, Oakleigh Avenue, Southend-on-sea SS1 2QR2
£224.5K07/210.06 mi31, Oakleigh Avenue, Southend-on-sea SS1 2QR2
£275K03/230.06 mi33, Oakleigh Avenue, Southend-on-sea SS1 2QR2
£266K08/230.06 mi37, Oakleigh Avenue, Southend-on-sea SS1 2QR2
£280K05/210.06 mi34, Chinchilla Road, Southend-on-sea SS1 2QL2
£245K02/210.06 mi50, Brighton Avenue, Southend-on-sea SS1 2QN2
£261K12/210.06 mi7, Brighton Avenue, Southend-on-sea SS1 2QN2
£200K12/210.06 mi26, Brighton Avenue, Southend-on-sea SS1 2QN2
£295K12/220.06 mi6, Brighton Avenue, Southend-on-sea SS1 2QN2
£255K04/230.07 mi17, Dalmatia Road, Southend-on-sea SS1 2QG2
£240K01/210.08 mi88, Dalmatia Road, Southend-on-sea SS1 2QQ2
£250K02/210.08 mi24, Dalmatia Road, Southend-on-sea SS1 2QQ2
£298K11/220.09 mi24, Dalmatia Road, Southend-on-sea SS1 2QQ2
£269K12/200.22 mi100, Moseley Street, Southend-on-sea SS2 4NN2
£220K06/210.22 mi96, Moseley Street, Southend-on-sea SS2 4NN2
£435K08/220.23 mi174, Lifstan Way, Southend-on-sea SS1 2XF2
£505K11/220.24 mi144, Lifstan Way, Southend-on-sea SS1 2XF2
£295K02/230.24 mi73, Beaufort Street, Southend-on-sea SS2 4NQ2
£281K11/200.25 mi26, Beaufort Street, Southend-on-sea SS2 4NH2
£318K11/210.26 mi48, Beaufort Street, Southend-on-sea SS2 4NH2
£420K04/210.28 mi14, Pilgrims Close, Southend-on-sea SS2 4XF2
£276K01/210.34 mi146, Trinity Road, Southend-on-sea SS2 4HW2
£395K05/210.37 mi67, Castleton Road, Southend-on-sea SS2 4UF2
£395K05/210.38 mi67, Castleton Road, Southend-on-sea SS2 4UF2
£297.3K08/210.38 mi79, Trinity Road, Southend-on-sea SS2 4HN2
£270K12/220.4 mi24, Oban Road, Southend-on-sea SS2 4JL2
£325K08/210.4 mi26, Trinity Road, Southend-on-sea SS2 4HJ2
£491K01/210.41 mi21, Brettenham Drive, Southend-on-sea SS1 3DQ2
£390K11/210.41 mi361, South Avenue, Southend-on-sea SS2 4HR2
£252.5K02/210.41 mi61, Stromness Road, Southend-on-sea SS2 4JG2
£257.5K07/230.41 mi31, Fowler Close, Southend-on-sea SS1 2RD2
£335K06/210.41 mi319, South Avenue, Southend-on-sea SS2 4HS2
£240K03/210.41 mi46, Oban Road, Southend-on-sea SS2 4JL2
£235K01/210.42 mi33, Stornoway Road, Southend-on-sea SS2 4NZ2
£265K08/230.42 mi77, Stornoway Road, Southend-on-sea SS2 4NZ2
£265K08/230.42 mi77, Stornoway Road, Southend-on-sea SS2 4NZ2
£280K06/210.42 mi46, Trinity Road, Southend-on-sea SS2 4HJ2
£412.5K12/200.43 mi460, Woodgrange Drive, Southend-on-sea SS1 3ED2
£505K09/210.43 mi458, Woodgrange Drive, Southend-on-sea SS1 3ED2
£285K07/210.43 mi28, Christchurch Road, Southend-on-sea SS2 4JS2
£430K06/210.44 mi462, Woodgrange Drive, Southend-on-sea SS1 3ED2
£412.5K12/200.46 mi460, Woodgrange Drive, Southend-on-sea SS1 3ED2
£290K01/230.46 mi349, Central Avenue, Southend-on-sea SS2 4EF2
£320.5K11/210.46 mi37, Trinity Road, Southend-on-sea SS2 4HL2
£545K04/240.47 mi9, Steyning Avenue, Southend-on-sea SS2 4TW2
£367.5K04/210.47 mi42, Poynings Avenue, Southend-on-sea SS2 4RU2

Local Rents

45 rents from £925/mo to £2.5K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,29508/240.03 mi-2
£1,30002/240.08 miDalmatia Road, Southend-On-Sea, Essex, SS12
£1,00009/240.11 miThe Courtyard, Southchurch Road2
£1,10009/240.13 miSouthchurch Road, Southend-On-Sea2
£1,18509/240.14 miSouthchurch Road, Southend-on-Sea, Essex, SS1 2PW2
£1,30003/250.19 mi-2
£1,30009/240.21 mi-2
£1,39509/240.29 miWoodgrange Drive, Southend-On-Sea2
£1,40007/240.3 mi-2
£1,25007/240.36 mi-2
£1,40009/240.36 miChase Court Gardens, Southend-on-Sea2
£97509/240.37 miStromness Road, Southend-On-Sea, Essex, SS22
£2,07009/240.38 mi-2
£2,07009/240.38 miNorthumberland Crescent, Southend-On-Sea, SS12
£1,35010/230.4 mi-2
£1,45002/250.42 mi-2
£1,40012/240.42 mi-2
£92509/240.42 miNorthumberland Crescent, Southend On Sea2
£95009/240.45 miHamstel Road, Southend-On-Sea2
£1,14504/250.47 mi-2
£1,30009/240.48 mi-2
£1,25009/240.48 miManilla Road, Southend-on-Sea2
£1,10009/240.49 mi2 bedroom 1st Floor Flat in Southend on Sea2
£1,30007/240.51 mi-2
£1,20009/240.52 miHoniton Road, Southend-On-Sea2
£1,10009/240.52 miClose To Seafront, Southend On Sea2
£1,19503/250.54 mi-2
£1,20003/250.54 mi-2
£1,20009/240.55 miSouthchurch Avenue, Southend-On-Sea2
£97512/230.55 mi-2
£1,60004/250.57 mi-2
£1,40009/240.57 mi-2
£1,45004/250.57 mi-2
£1,50009/240.57 miFreemans Court, 1 Honiton Road, Southend On Sea, Essex, SS12
£1,05002/250.57 mi-2
£1,40009/240.57 miHighbanks, Southend on Sea2
£1,10002/240.57 mi-2
£1,20002/250.58 miSeafront, Southend On Sea2
£1,35009/240.59 mi-2
£1,30009/240.6 miSouthchurch Avenue, Southend-on-Sea, Essex, SS12
£1,15009/240.61 miRetort Close, Southend on Sea2
£2,50002/250.61 mi-2
£1,50004/250.61 mi-2
£1,00009/240.61 miMarks Court, Southend-On-Sea2
£1,20009/240.62 miSouthchurch Avenue, Southend On Sea2

Local Area Statistics

Population in SS1

26,369

Population in Southend-on-Sea

106,129

Town centre distance

0.97 miles away

Nearest school

0.40 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 £270,000

March 23, 2025

Floor Plans

Description

  • This stunning two-bedroom character home, lovingly designed and maintained, presents an exciting buying opportunity +
  • An expansive open-plan reception area, with ample room for dining and lounging, includes garden views and access, a convenient study nook, and a beautiful staircase to the first floor +
  • The contemporary open-plan kitchen offers a four-burner ceramic hob with a designer extractor, electric fan double oven, built-in fridge and washing machine facilities +
  • Designer shower room: tiled walls, rainfall shower, storage, and contemporary heated towel rail +
  • Accommodation comprises two double bedrooms, including a master with garden aspect and a further double with fitted wardrobes +
  • This property boasts a private and well-kept garden, complete with a decked patio, lawn, and shed/workshop +
  • Recently re-roofed with new felt, batten, and lead flashing, this property provides future peace of mind for the new owner +
  • Ready to move into and offered with no chain, this property presents the opportunity for a quick purchase +
  • Full double glazing and modern combi boiler gas central heating +
  • Ideally located within walking distance of Southend East Station, seafront beaches, and a wide range of shops, and within the Greenways School catchment area +

Situated in a highly sought-after location within easy reach of local amenities and transportation links is this stunning terraced house. This two-bedroom character home has been meticulously designed and maintained, offering a unique opportunity for prospective buyers.

Conveniently positioned within walking distance of Southend East Station, picturesque seafront beaches, and a plethora of shops, this property also falls within the catchment area of the esteemed Greenways School, making it an ideal choice for families.

Upon entering, one is greeted by a spacious open-plan reception area that seamlessly combines dining and lounging spaces. Boasting garden views and direct access, this area features a versatile study nook and a beautifully crafted staircase leading to the first floor.

The contemporary kitchen is a culinary delight, featuring a four-burner ceramic hob with a designer extractor, electric fan double oven, as well as built-in fridge and washing machine facilities.

The luxurious designer shower room is a sanctuary of relaxation, showcasing tiled walls, a refreshing rainfall shower, ample storage, and a modern heated towel rail.

Accommodation comprises two generously sized double bedrooms, with the master offering garden views and the additional bedroom boasting fitted wardrobes for added convenience.

Not to be outdone, the property offers a private and well-maintained garden, complete with a decked patio, lawn, and a useful shed/workshop. Furthermore, recent renovations such as a new roof with updated felt, batten, and lead flashing ensure longevity and peace of mind for the new homeowner.

Benefitting from full double glazing and modern combi boiler gas central heating, this residence is not only aesthetically pleasing but also delivers on modern comforts.

With no chain involved, this property is ready for immediate occupation, providing a seamless and efficient purchasing experience for those looking to secure their dream home promptly. Don't miss out on this exceptional opportunity to own a piece of paradise in this highly desirable location.
EPC Rating: D

Agent Details

Blackshaw Homes, Southend

01702 967878

Next Steps?

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