2 Bed Flat, Single Let, Southend-on-Sea, SS1 2RP, £185,000

193 Woodgrange Drive, Southend On Sea, Essex, SS1 2SG - 5 views - a year ago

Leasehold
BTL
ROI: 4%
~50 m²
+2 photos

ValuationOvervalued

Sold Prices£1 - £337K
Sold Prices/m²£0/m² - £5.1K/m²

 

 

Square Metres

~49.60 m²
Price/m²£3.7K/m²

Value Estimate

£155,886

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£46,250

Stamp Duty & Legal Fees

£6,750

Total Cash In

£53,000

 

 

Cash Out

 

Rent Range

£850 - £2,250

Rent Estimate

£966

Running Costs/mo

£791

Cashflow/mo

£175

Cashflow/yr

£2,096

ROI

4%

Gross Yield

6%

Local Sold Prices

51 sold prices from £1 to £337K, average is £198K. £0/m² to £5.1K/m², average is £3.1K/m².

PriceDateDistanceAddressBeds 
£320K05/210.02 mi132, Southchurch Avenue, Southend-on-sea SS1 2RP2
£190K06/210.04 mi43a, Honiton Road, Southend-on-sea SS1 2RY2
£155K12/220.06 mi109, Southchurch Avenue, Southend-on-sea SS1 2RW2
£189K03/210.08 mi55, Cheltenham Road, Southend-on-sea SS1 2SA2
£148.5K06/210.08 mi11, Kilworth Avenue, Southend-on-sea SS1 2DS2
£245K01/230.09 mi12, Cromer Road, Southend-on-sea SS1 2DU2
£175K08/210.09 mi59, Ambleside Drive, Southend-on-sea SS1 2UT2
£197.5K12/230.09 mi49, Ambleside Drive, Southend-on-sea SS1 2UT2
£197K12/200.13 mi53, Leamington Road, Southend-on-sea SS1 2SW2
£217.5K01/230.15 mi11a, Cheltenham Road, Southend-on-sea SS1 2SB2
£198K05/230.16 mi3a, Hastings Road, Southend-on-sea SS1 2DR2
£210K12/230.16 mi9a, Lancaster Gardens, Southend-on-sea SS1 2NS2
£230K12/220.17 mi3, Hastings Road, Southend-on-sea SS1 2DR2
£170K09/230.19 mi111c, York Road, Southend-on-sea SS1 2DL2
£130K06/210.23 mi120a, York Road, Southend-on-sea SS1 2DJ2
£210K10/200.24 mi8a, Tyrrel Drive, Southend-on-sea SS1 2LN2
£130K08/230.24 mi75a, Tyrrel Drive, Southend-on-sea SS1 2LN2
£193K12/230.24 mi6, Tyrrel Drive, Southend-on-sea SS1 2LN2
£200K06/210.24 mi31a, Christchurch Road, Southend-on-sea SS2 4JS2
£200K03/210.27 mi78, Boscombe Road, Southend-on-sea SS2 4JP2
£180K05/210.27 mi101a, Boscombe Road, Southend-on-sea SS2 4JP2
£330K09/210.27 mi111, Ambleside Drive, Southend-on-sea SS1 2UP2
£175K03/210.27 mi22, Marks Court, Southend-on-sea SS1 2RH2
£153K11/200.27 mi34, Marks Court, Southend-on-sea SS1 2RH2
£195.5K03/230.28 mi89, Marks Court, Southend-on-sea SS1 2RQ2
£200K02/210.32 mi69a, Wimborne Road, Southend-on-sea SS2 4JR2
£177K03/210.33 mi11a, Oban Road, Southend-on-sea SS2 4JJ2
£177K03/210.33 mi11a, Oban Road, Southend-on-sea SS2 4JJ2
£180K03/210.33 mi16a, Stromness Road, Southend-on-sea SS2 4JQ2
£192.5K06/210.34 mi27a, Stromness Road, Southend-on-sea SS2 4JG2
£200K10/210.34 mi39, Stromness Road, Southend-on-sea SS2 4JG2
£140.5K03/210.34 mi40, Sutton Road, Southend-on-sea SS2 5EW2
£270K11/210.35 mi4, Bellevue Mews, Southend-on-sea SS2 4PE2
£220K10/230.38 miGround Floor Flat, 28, Whitegate Road, Southend-on-sea SS1 2LQ2
£337K08/210.4 mi100, Victoria Road, Southend-on-sea SS1 2TF2
£177.5K11/200.4 mi131a, Brunswick Road, Southend-on-sea SS1 2UL2
£200K09/210.4 mi43a, Swanage Road, Southend-on-sea SS2 5HX2
£200K09/210.43 mi70a, South Avenue, Southend-on-sea SS2 5JB2
£200K09/210.43 mi70a, South Avenue, Southend-on-sea SS2 5JB2
£192.5K10/230.43 mi15a, Lovelace Avenue, Southend-on-sea SS1 2QU2
£220K12/220.44 mi18a, Ilfracombe Road, Southend-on-sea SS2 4PB2
£103/210.44 mi31, Northumberland Avenue, Southend-on-sea SS1 2TH2
£202.5K02/210.45 mi29, South Avenue, Southend-on-sea SS2 5JA2
£220K03/230.48 mi51, Eastern Esplanade, Southend-on-sea SS1 2ES2
£160K07/210.49 mi2a, Trinity Road, Southend-on-sea SS2 4HJ2
£217K06/230.49 mi56, Lovelace Gardens, Southend-on-sea SS2 4NU2
£240K11/210.5 mi3, Jetty Mews, Southend-on-sea SS1 2AG2
£210K09/210.5 mi41, Central Avenue, Southend-on-sea SS2 5HR2
£195K03/210.52 mi21a, Surbiton Road, Southend-on-sea SS2 4NR2
£215K10/200.52 mi23, Retort Close, Southend-on-sea SS1 2AQ2
£230K07/230.53 miFlat 15, Melville Court, Victoria Road, Southend-on-sea SS1 2TQ2

Local Rents

49 rents from £850/mo to £2.3K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,60004/250.03 mi-2
£1,20009/240.06 miHoniton Road, Southend-On-Sea2
£1,20004/250.1 mi-2
£1,20004/250.1 mi-2
£99502/240.12 mi-2
£99509/240.12 mi-2
£1,10003/250.12 mi-2
£1,20009/240.13 miYork Road, Southend-On-Sea, Essex, SS12
£1,20003/250.13 mi-2
£1,40009/240.13 mi-2
£1,45004/250.13 mi-2
£1,40009/240.14 miHighbanks, Southend on Sea2
£1,20009/240.14 miSouthchurch Avenue, Southend-On-Sea2
£1,10009/240.14 mi2 bedroom 1st Floor Flat in Southend on Sea2
£1,15009/240.14 miYork Road, Southend-on-Sea2
£1,20009/240.14 miSouthchurch Avenue, Southend On Sea2
£1,30009/240.15 miSouthchurch Avenue, Southend-on-Sea, Essex, SS12
£1,10009/240.15 miClose To Seafront, Southend On Sea2
£1,50009/240.15 miFreemans Court, 1 Honiton Road, Southend On Sea, Essex, SS12
£1,20002/250.15 miSeafront, Southend On Sea2
£1,30011/240.16 mi-2
£1,30012/240.16 mi-2
£1,10008/240.16 mi-2
£90010/240.17 mi-2
£1,25009/240.17 miSouthchurch Road, Southend-On-Sea, Essex, SS12
£2,25004/250.17 mi-2
£1,25009/240.17 miSouthchurch Road, Southend-On-Sea, Essex, SS12
£1,10002/240.18 mi-2
£1,05002/250.18 mi-2
£1,25009/240.18 miSouthchurch Road, Southend-On-Sea, Essex, SS12
£1,19503/250.19 mi-2
£1,29501/250.19 mi-2
£1,40009/240.19 miChase Court Gardens, Southend-on-Sea2
£1,25007/240.2 mi-2
£1,45002/250.21 mi-2
£1,40012/240.21 mi-2
£1,35010/230.22 mi-2
£1,00009/240.23 miMontague Buildings, Southchurch Road, Southend-on-Sea, Essex2
£1,35009/240.25 mi-2
£1,50007/240.26 mi-2
£1,50008/240.26 mi-2
£1,55008/240.26 mi-2
£1,00009/240.27 miSouthchurch Avenue, Southend-On-Sea2
£1,00009/240.28 miMarks Court, Southend-On-Sea2
£1,30009/240.3 mi-2
£97512/230.32 mi-2
£85010/240.32 mi-2
£90009/240.34 miWarrior Square, Southend-on-sea2
£97509/240.35 miStromness Road, Southend-On-Sea, Essex, SS22

Local Area Statistics

Population in SS1

26,369

Population in Southend-on-Sea

106,129

Town centre distance

0.83 miles away

Nearest school

0.10 miles away

Nearest train station

0.33 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+40%

Sales demand

Buyer's market

Capital growth (5yrs)

+21%

Property History

Listed for £185,000

April 25, 2024

Floor Plans

Description

  • Purpose Built Apartment +
  • Ground Floor +
  • Two Bedrooms +
  • Fitted Kitchen +
  • Fully Double Glazed +
  • Off Street Parking +
  • Close to City Centre, Seafront & Rail Stations +
  • No Onward Chain +
  • EPC Rating 'D' +
  • Viewing Advised +

This well presented two bedroom ground floor apartment is situated in a great location offering easy access to the seafront, city centre and rail stations. Offered with no onward chain the property benefits from a lounge opening onto a modern fitted kitchen, two good sized bedrooms and a bathroom. With double glazed windows and electric heating the property also benefits from off street parking in the residents car park and we would recommend viewing.

Accommodation Comprising - Front door with security entryphone system leading to communal entrance lobby with own front door to...

Entrance Hall - Electric heater, large built in storage cupboard, additional built in airing cupboard housing hot water cylinder, coved ceiling, doors off to...

Lounge - 4.01m x 3.18m (13'2 x 10'5) - Double glazed window to front, electric heater, coved ceiling, opening to...

Kitchen/ Breakfast Room - 3.28m x 2.64m (10'9 x 8'8) - Range of fitted base units with toning roll edged working surfaces over, inset single drainer stainless steel sink unit, electric cooker with stainless steel extractor hood over, space and plumbing for washing machine, space for fridge/ freezer, matching range of wall mounted units, breakfast bar, tiled splashbacks, laminate wood flooring, coved ceiling, double glazed window to front...

Bedroom 1 - 3.33m x 3.20m (10'11 x 10'6) - Double glazed window to rear, electric heater, range of fitted wardrobe cupboards, coved ceiling...

Bedroom 2 - 3.33m x 2.13m (10'11 x 7') - Double glazed window to rear, electric heater, range of fitted wardrobe cupboards, coved ceiling...

Bathroom - White suite comprising panelled bath with shower unit over and glazed shower screen, pedestal wash hand basin, low level W.C., tiled splashbacks, wall mounted electric fan heater, extractor fan, coved ceiling...

Externally - Allocated off street parking space in residents car park to rear...

Leasehold Information - We understand that the property benefits from 99 years remaining lease term with an annual Ground Rent of £100 and the Service Charge equates to £123 per month which includes the Buildings Insurance premium....

Agent Details

1st Call Sales & Lettings, Southend

01702 967930

Next Steps?

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