3 Bed Semi-Detached House, Refurb/BRRR, Southend-on-Sea, SS2 5NQ, £325,000

204 Woodgrange Drive, Southend-on-Sea, Essex, SS1 2SJ - 9 views - 8 months ago

Sold STC
Refurb/BRRR
ROI: 2%
~93 m²
+7 photos

ValuationFair Value

Sold Prices£233K - £495K
Sold Prices/m²£2.4K/m² - £5K/m²

 

 

Square Metres

~93 m²
Price/m²£3.5K/m²

Value Estimate

£323,053

 

 

End Value (After Refurb)

£332,837

Uplift in Value

+2%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£81,250

Stamp Duty & Legal Fees

£14,700

Refurb Costs

£44,786

Bridging Loan Interest

£8,531

Total Cash In

£151,017

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£332,837

Mortgage (After Refinance)

£249,628

Mortgage LTV

75%

Cash Released

£5,878

Cash Left In

£145,139

Equity

£83,209

Rent Range

£1,500 - £2,000

Rent Estimate

£1,708

Running Costs/mo

£1,402

Cashflow/mo

£306

Cashflow/yr

£3,675

ROI

2%

Gross Yield

6%

Local Sold Prices

53 sold prices from £233K to £495K, average is £330K. £2.4K/m² to £5K/m², average is £3.8K/m².

PriceDateDistanceAddressBeds 
£315K02/230.03 mi7, Cromwell Road, Southend-on-sea SS2 5NG3
£385K12/220.03 mi66, Cromwell Road, Southend-on-sea SS2 5NQ3
£315K01/210.04 mi63, Cromwell Road, Southend-on-sea SS2 5NG3
£357.5K02/230.08 mi46, Eastern Avenue, Southend-on-sea SS2 5NF3
£326K09/230.08 mi54, Eastern Avenue, Southend-on-sea SS2 5NF3
£285K07/210.12 mi61, Royston Avenue, Southend-on-sea SS2 5JY3
£305K04/240.12 mi63, Royston Avenue, Southend-on-sea SS2 5JY3
£278K01/210.13 mi109, Royston Avenue, Southend-on-sea SS2 5LB3
£380K10/230.13 mi67, Royston Avenue, Southend-on-sea SS2 5LB3
£345K04/230.14 mi62, Royston Avenue, Southend-on-sea SS2 5JZ3
£390K02/240.14 mi48, Royston Avenue, Southend-on-sea SS2 5JZ3
£315K07/210.14 mi96, Eastern Avenue, Southend-on-sea SS2 5NH3
£310K09/210.14 mi90, Eastern Avenue, Southend-on-sea SS2 5NH3
£395K02/240.17 mi275, Bournemouth Park Road, Southend-on-sea SS2 5LE3
£380K01/210.17 mi17, Stuart Road, Southend-on-sea SS2 5JS3
£375K09/230.19 mi308, Bournemouth Park Road, Southend-on-sea SS2 5LY3
£400K12/220.21 mi17, Weybourne Gardens, Southend-on-sea SS2 4AU3
£355K08/230.24 mi9, Ennismore Gardens, Southend-on-sea SS2 5RA3
£355K08/230.24 mi9, Ennismore Gardens, Southend-on-sea SS2 5RA3
£330K08/230.26 mi298, Bournemouth Park Road, Southend-on-sea SS2 5LX3
£475K10/220.27 mi278, Bournemouth Park Road, Southend-on-sea SS2 5LX3
£400K03/240.27 mi134, Royston Avenue, Southend-on-sea SS2 4BW3
£400K03/240.27 mi134, Royston Avenue, Southend-on-sea SS2 4BW3
£270K06/230.27 mi6, Weybourne Close, Southend-on-sea SS2 4AX3
£285K07/230.27 mi19, Weybourne Close, Southend-on-sea SS2 4AX3
£317K04/210.27 mi115, East Street, Southend-on-sea SS2 5EB3
£495K10/230.28 mi646, Sutton Road, Southend-on-sea SS2 5PX3
£348K02/210.28 mi48, Ennismore Gardens, Southend-on-sea SS2 5RB3
£233K07/230.28 mi50, Ennismore Gardens, Southend-on-sea SS2 5RB3
£400K06/230.28 mi100, Ennismore Gardens, Southend-on-sea SS2 5RB3
£370K10/230.28 mi12, Ennismore Gardens, Southend-on-sea SS2 5RB3
£350K12/210.29 mi22, Oakhurst Road, Southend-on-sea SS2 5DT3
£350K03/210.32 mi46, Oakhurst Road, Southend-on-sea SS2 5DT3
£275K11/200.32 mi14, Tennyson Avenue, Southend-on-sea SS2 5HD3
£306K11/200.33 mi10, Glenhurst Road, Southend-on-sea SS2 5DS3
£345K05/210.33 mi30, Glenhurst Road, Southend-on-sea SS2 5DS3
£274K06/230.33 mi70, Walsingham Road, Southend-on-sea SS2 4AJ3
£288.7K11/200.34 mi169, St Lukes Road, Southend-on-sea SS2 4AQ3
£300K03/210.34 mi135, St Lukes Road, Southend-on-sea SS2 4AQ3
£264K05/210.34 mi151, St Lukes Road, Southend-on-sea SS2 4AQ3
£375K07/230.34 mi13, Glenhurst Road, Southend-on-sea SS2 5DR3
£340K11/210.36 mi218, Bournemouth Park Road, Southend-on-sea SS2 5LU3
£267K08/210.36 mi14, Browning Avenue, Southend-on-sea SS2 5HF3
£325K04/210.36 mi65, Walsingham Road, Southend-on-sea SS2 4AL3
£320K07/210.36 mi83, Walsingham Road, Southend-on-sea SS2 4AL3
£350K03/240.36 mi83, Walsingham Road, Southend-on-sea SS2 4AL3
£350K03/240.36 mi83, Walsingham Road, Southend-on-sea SS2 4AL3
£272.5K02/230.37 mi33, Shelley Square, Southend-on-sea SS2 5JP3
£256K11/200.38 mi118, Norwich Avenue, Southend-on-sea SS2 4DH3
£280K03/210.39 mi50, Priory Avenue, Southend-on-sea SS2 6LD3
£270K01/240.4 mi46, Priory Avenue, Southend-on-sea SS2 6LD3
£287K12/200.4 mi210, Bournemouth Park Road, Southend-on-sea SS2 5LU3
£333K10/210.42 mi4, Walsingham Road, Southend-on-sea SS2 4AN3

Local Rents

16 rents from £1.5K/mo to £2K/mo, average is £1.7K/mo.

RentDateDistanceAddressBeds 
£1,90011/230.04 mi-3
£1,57509/240.05 miWentworth Road, Southend-On-Sea, Essex, SS23
£1,70011/230.18 mi-3
£1,60009/240.32 miTennyson Avenue, Southend on Sea, SS23
£1,75001/250.37 mi-3
£1,75001/250.37 mi-3
£1,85003/250.39 mi-3
£2,00012/240.41 mi-3
£1,65002/240.5 mi-3
£1,70004/250.5 mi-3
£1,50011/240.53 mi-3
£1,72501/250.53 mi-3
£1,60003/240.55 miTunbridge Road, Southend-on-Sea, Essex, SS23
£1,75009/240.59 miWestbury Road, Southend-On-Sea, Essex, SS23
£1,65010/240.61 mi-3
£1,65010/240.61 mi-3

Local Area Statistics

Population in SS2

36,418

Population in Southend-on-Sea

106,129

Town centre distance

0.26 miles away

Nearest school

0.30 miles away

Nearest train station

0.32 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+8%

Sales demand

Balanced market

Capital growth (5yrs)

+24%

Property History

Listed for £325,000

August 30, 2024

Sold for £177,000

2007

Floor Plans

Description

  • Semi-Detached Family Home +
  • Sizeable Open Plan Living Room/Diner +
  • Kitchen +
  • Inner Lobby with a Utility +
  • Three Piece Bathroom +
  • Three Bedrooms +
  • Generous Rear Garden +
  • Off-Street Parking +
  • Garage +
  • Double Glazing and Gas Central Heating +

*£325,000 - £350,000* Bear Estate Agents are delighted to bring to the market this deceptively spacious, three bedroom house with a large open plan living/dining room, rear garden measuring some 65 foot in depth and off-street parking to the front. The property does require general modernisation.

The accommodation comprises a spacious entrance hallway, large open plan living/dining room, kitchen, an inner lobby with a utility cupboard and a feature bathroom with an exposed brick wall. To the first floor, there are three generous sized bedrooms and a separate WC. The property is double glazed and has gas central heating, enjoys a garden of 65 foot along with off-street parking and a garage.

Cromwell Road is a convenient location close to good local schools, Southend City Centre, major rail links and is close to the seafront.

Entrance Hallway - 4.11m x 1.80m (13'6 x 5'11) -

Lounge/Diner - 7.32m x 5.00m>3.18m (24'0 x 16'5>10'5) -

Kitchen - 3.10m x 2.57m (10'2 x 8'5) -

Inner Lobby -

Utility Room - 1.32m x 1.07m (4'4 x 3'6) -

Bathroom - 2.39m x 1.78m (7'10 x 5'10) -

Landing -

Bedroom One - 4.09m x 3.02m (13'5 x 9'11) -

Bedroom Two - 3.23m x 3.02m (10'7 x 9'11) -

W.C -

Bedroom Three - 3.10m x 2.34m (10'2 x 7'8) -

Garden - 19.81m (65'0) -

Off-Street Parking -

Garage -

Agent Details

Bear Estate Agents, Southend-on-Sea

01702 967452

Next Steps?

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