According to the public record, 1 Michaels Cottages, Southend-On-Sea is a period freehold house with 462 ft2 of internal area and sits on a 41.8 m2 plot.
Houses of this size in this area normally have 2 bedrooms with a garden.
Richmond Avenue, Shoeburyness, Southend-On-Sea, SS3 is located within the SS3 postal district.
1 Michaels Cottages, Southend-On-Sea has a single entry in the Land Registry database from May 2021 and a single entry in the EPC database dated June 2014.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 1 Michaels Cottages Southend-On-Sea as £179,289 and the rental value as £870 per month giving an expected gross yield of 5.8%.
Over the last 12 months the sale value of 1 Michaels Cottages Southend-On-Sea has increased by £2,489 (1.4%) and its rental value has increased by £42 per month (4.9%).
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 1 Michaels Cottages, Southend-On-Sea is in very good condition we estimate a sale value of £188,253 and rental value of £913 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £166,739 and a rental value of £809 per month.
If you were able to purchase this property for the estimated value of £179,289, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £881 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to data from HM Land Registry, 1 Michaels Cottages, Southend-On-Sea sits on a plot of 42m2.
We have plot size data on 7 out of 7 other houses in the postcode and 1 Michaels Cottages, Southend-On-Sea sits on the largest plot.
According to HM Land Registry, 1 Michaels Cottages, Southend-On-Sea was last sold on 28 May 2021 for £159,995 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since May 2021, the market for similar properties has risen 8.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 1 Michaels Cottages, Southend-On-Sea within a radius of 540 metres over the last 2 years.
The most recent example is 2 Michaels Cottages, Richmond Avenue, Southend-On-Sea, SS3 9LQ, a Freehold house which sold for £150,000 in Nov 2019.
Read more about house prices in SS3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Richmond Avenue, Shoeburyness, Southend-On-Sea, SS3 has a total of 150 addresses. According to our analysis of all the public data, 1 Michaels Cottages, Southend-On-Sea is the 140th largest and the 134th most expensive property on the street.
When compared to the postcode district it is £179k less expensive than the average property in SS3.
1 Michaels Cottages, Southend-On-Sea has an Energy Performance Rating (EPC) of F. This is based on the most recent assessment, dated 30 Jun 2014.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 1 Michaels Cottages, Southend-On-Sea is Shoeburyness station which is 1.2 kilometres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 1 Michaels Cottages, Southend-On-Sea, 45.0% of property is privately owned with a mortgage and 27.1% is privately rented.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 1 Michaels Cottages, Southend-On-Sea, 18.9% of residents are recorded as possessing school level qualifications and 21.3% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around 1 Michaels Cottages, Southend-On-Sea, the average age was 41.5 and the most common age was 52.
The graph below shows how this compares to East of England and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 1 Michaels Cottages, Southend-On-Sea, 0.6% of property was a second home.
Comparison figures for East of England and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 1 Michaels Cottages, Southend-On-Sea, there are an average of 1.4 cars per household.
See below for how this compares to East of England and the rest of England & Wales.