2 Bed Terraced House, Single Let, Southend-on-Sea, SS2 5GD, £180,000

Southpoint, 257- 285 Sutton Road, Southend-On-Sea, Essex, SS2 5GD - a month ago

Leasehold
Auction
BTL
ROI: 5%
~68 m²
+12 photos

ValuationUndervalued

Sold Prices£195K - £375K
Sold Prices/m²£2.4K/m² - £5.5K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.6K/m²

Value Estimate

£217,800
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£45,000

Stamp Duty & Legal Fees

£11,300

Total Cash In

£56,300

 

 

Cash Out

 

Rent Range

£950 - £4,250

Rent Estimate

£1,031

Running Costs/mo

£789

Cashflow/mo

£242

Cashflow/yr

£2,908

ROI

5%

Gross Yield

7%

Local Sold Prices

52 sold prices from £195K to £375K, average is £280K. £2.4K/m² to £5.5K/m², average is £3.5K/m².

PriceDateDistanceAddressBeds 
£280K09/230.08 mi13a, Sycamore Grove, Southend-on-sea SS2 5HJ2
£285K09/210.11 mi25, North Avenue, Southend-on-sea SS2 5HT2
£290K12/220.12 mi13, North Avenue, Southend-on-sea SS2 5HT2
£232.5K02/210.13 mi70, North Avenue, Southend-on-sea SS2 5HU2
£320K06/230.13 mi70, North Avenue, Southend-on-sea SS2 5HU2
£320K06/230.13 mi70, North Avenue, Southend-on-sea SS2 5HU2
£270K11/230.13 mi30a, North Avenue, Southend-on-sea SS2 5HU2
£300K02/230.17 mi58, Central Avenue, Southend-on-sea SS2 5HS2
£344K08/220.18 mi11, Bircham Road, Southend-on-sea SS2 5DN2
£375K12/230.19 mi10, Vale Avenue, Southend-on-sea SS2 5FU2
£300K01/230.19 mi139, Bournemouth Park Road, Southend-on-sea SS2 5JL2
£293K04/210.2 mi14, South Avenue, Southend-on-sea SS2 5JB2
£375K11/230.26 mi7, Walsingham Road, Southend-on-sea SS2 4AN2
£315K07/230.28 mi24, Stuart Road, Southend-on-sea SS2 5JT2
£250K08/210.29 mi41, Coleman Street, Southend-on-sea SS2 5AW2
£233K04/230.29 mi31, Coleman Street, Southend-on-sea SS2 5AW2
£250K05/230.29 mi55, Coleman Street, Southend-on-sea SS2 5AW2
£275K12/200.29 mi99, Central Avenue, Southend-on-sea SS2 4DY2
£215K01/210.29 mi151, Central Avenue, Southend-on-sea SS2 4DY2
£250K06/210.29 mi129, Central Avenue, Southend-on-sea SS2 4DY2
£290K03/210.3 mi3, Stuart Road, Southend-on-sea SS2 5JS2
£235K12/200.32 mi149a, South Avenue, Southend-on-sea SS2 4HX2
£250K02/210.34 mi148, South Avenue, Southend-on-sea SS2 4HU2
£230K04/210.36 mi146, South Avenue, Southend-on-sea SS2 4HU2
£310K09/230.36 mi8, Lyndale Avenue, Southend-on-sea SS2 4BZ2
£297.5K02/240.36 mi46, Lyndale Avenue, Southend-on-sea SS2 4BZ2
£340K08/210.38 mi58, Walsingham Road, Southend-on-sea SS2 4AJ2
£322K02/210.38 mi52, Walsingham Road, Southend-on-sea SS2 4AJ2
£335K02/210.39 mi2, Branksome Road, Southend-on-sea SS2 4HQ2
£325K09/210.4 mi93, Walsingham Road, Southend-on-sea SS2 4AL2
£274K07/230.4 mi86, St Lukes Road, Southend-on-sea SS2 4AD2
£195K11/230.42 mi4, Station Avenue, Southend-on-sea SS2 5ED2
£260K12/230.42 mi45, Station Avenue, Southend-on-sea SS2 5ED2
£225.4K01/240.43 mi104, East Street, Southend-on-sea SS2 6LH2
£327K03/230.46 mi227, South Avenue, Southend-on-sea SS2 4HT2
£300K07/230.46 mi73, Norwich Avenue, Southend-on-sea SS2 4DE2
£287K02/210.49 mi346, Bournemouth Park Road, Southend-on-sea SS2 5LZ2
£320.5K11/210.5 mi37, Trinity Road, Southend-on-sea SS2 4HL2
£240K03/210.52 mi46, Oban Road, Southend-on-sea SS2 4JL2
£252.5K02/210.53 mi61, Stromness Road, Southend-on-sea SS2 4JG2
£285K07/210.53 mi28, Christchurch Road, Southend-on-sea SS2 4JS2
£235K01/210.53 mi33, Stornoway Road, Southend-on-sea SS2 4NZ2
£265K08/230.53 mi77, Stornoway Road, Southend-on-sea SS2 4NZ2
£265K08/230.53 mi77, Stornoway Road, Southend-on-sea SS2 4NZ2
£280K12/200.54 mi11, Weybourne Gardens, Southend-on-sea SS2 4AU2
£270K12/220.54 mi24, Oban Road, Southend-on-sea SS2 4JL2
£280K06/210.55 mi46, Trinity Road, Southend-on-sea SS2 4HJ2
£267K01/240.57 mi65, Colchester Road, Southend-on-sea SS2 6HW2
£325K08/210.58 mi26, Trinity Road, Southend-on-sea SS2 4HJ2
£270K05/210.62 mi60, Cumberland Avenue, Southend-on-sea SS2 4LQ2
£257.5K07/230.63 mi31, Fowler Close, Southend-on-sea SS1 2RD2
£335K06/210.63 mi319, South Avenue, Southend-on-sea SS2 4HS2

Local Rents

39 rents from £950/mo to £4.3K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,10004/250.1 mi-2
£1,10001/250.12 mi-2
£1,20009/240.12 miNorth Avenue, Southend on - sea2
£1,29502/240.19 mi-2
£1,25008/240.19 mi-2
£1,25008/240.19 mi-2
£3,75009/240.19 mi-2
£4,25002/240.19 mi-2
£95009/240.25 miBournemouth Park Road, Southend-On-Sea, Essex, SS22
£1,30004/250.29 mi-2
£1,15003/240.3 miColeman Street, Southend-on-Sea2
£99503/240.3 miKenway, Southend-On-Sea, Essex, SS22
£1,00003/240.3 miVantage Court, Kenway Southend-on-Sea2
£1,30001/250.3 mi-2
£1,30003/250.34 mi-2
£1,05001/250.38 mi-2
£1,60009/240.39 mi-2
£1,20002/250.39 mi-2
£1,20002/250.39 mi-2
£1,30004/250.39 mi-2
£1,30004/250.39 mi-2
£1,60009/240.39 miSouthchurch Road, Southend-On-Sea, SS12
£97512/230.4 mi-2
£1,35009/240.4 mi-2
£1,32509/240.42 miThe Avenue, Southend-on-sea, Essex2
£1,32503/240.42 miThe Avenue, Southend-on-sea, Essex2
£1,70009/240.42 mi-2
£1,35011/240.42 mi-2
£1,50004/250.42 mi-2
£1,35002/250.42 mi-2
£1,35003/250.42 mi-2
£1,45009/240.42 mi-2
£1,12509/240.43 miThe Pinnacle , Southend-On-Sea2
£1,40009/240.43 miVictoria Avenue, Southend on Sea, SS22
£1,17502/250.43 miThe Pinnacle , 59 Victoria Avenue 2
£1,40009/240.44 mi-2
£1,55003/250.44 mi-2
£1,00009/240.44 miMontague Buildings, Southchurch Road, Southend-on-Sea, Essex2
£1,30003/250.44 mi-2

Local Area Statistics

Population in SS2

36,418

Population in Southend-on-Sea

106,129

Town centre distance

0.30 miles away

Nearest school

0.20 miles away

Nearest train station

0.41 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+8%

Sales demand

Balanced market

Capital growth (5yrs)

+24%

Property History

Listed for £180,000

March 26, 2025

Floor Plans

Description

  • A Two Bedroom First Floor Apartment +
  • Offered To The Market With No Onward Chain +
  • Lift And Stairs Leading To All Floors & Car Park +
  • Own Terrace/Balcony And Communal Garden +
  • Allocated Parking Spaces In An Under Ground Car Park +
  • Modern Lounge/Diner/Kitchenette +
  • Modern Fitted Bathroom And En-Suite To Master +
  • Double Glazing And Gas Central Heating +
  • Close Proximity To The Greyhound Retail Park +
  • Close To The Town Centre, Amenities And Seafront +

GUIDE PRICE £180,000

A Two Bedroom Ground Floor Apartment, with terrace/Balcony. Allocated Parking For Two Vehicles, En-suite To Master And Offered Chain Free. Situated within close proximity local shops, the city centre, amenities, railways stations and seafront with good local road transport links

AUCTIONEER COMMENTS This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold Limited. This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor. This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey). The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded. This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack. The buyer will also make payment of £300 including VAT towards the preparation cost of the pack, where it has been provided by iamsold. The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change. Referral Arrangements The Partner Agent and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted. Where services are accepted the Auctioneer or Partner Agent may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you

The property is situated within close proximity to the Greyhound Retail park and Prittelwell mainline railway station to London Liverpool Street. In addition it is within easy reach of local shops, the town centre amenities and seafront with good local road transport links

Agent Details

Bairstow Eves, Southend-on-Sea

01702 967948

Next Steps?

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