According to the public record, 2 Plaza, Royal Mews, Southend-On-Sea is a modern leasehold apartment with 613 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Royal Mews, Southend-On-Sea, SS1 is located within the SS1 postal district.
2 Plaza, Royal Mews, Southend-On-Sea has 2 entries in the Land Registry database, most recently in July 2017 and a single entry in the EPC database dated May 2017.
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 2 Plaza Royal Mews Southend-On-Sea as £393,635 and the rental value as £1,749 per month giving an expected gross yield of 5.3%.
Over the last 12 months the sale value of 2 Plaza Royal Mews Southend-On-Sea has increased by £8,904 (2.3%) and its rental value has increased by £108 per month (6.2%).
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 2 Plaza, Royal Mews, Southend-On-Sea is in very good condition we estimate a sale value of £413,317 and rental value of £1,836 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £366,081 and a rental value of £1,627 per month.
If you were able to purchase this property for the estimated value of £393,635, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,935 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 HM Land Registry, 2 Plaza, Royal Mews, Southend-On-Sea was last sold on 28 Jul 2017 for £190,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Jul 2017, the market for similar properties has risen 13.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2 Plaza, Royal Mews, Southend-On-Sea within a radius of 540 metres over the last 2 years.
The most recent example is 9 Plaza, Royal Mews, Southend-On-Sea, SS1 1GL, a Leasehold flat which sold for £190,000 in Oct 2016.
Read more about house prices in SS1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Royal Mews, Southend-On-Sea, SS1 has a total of 55 addresses. According to our analysis of all the public data, 2 Plaza, Royal Mews, Southend-On-Sea is the 21st largest and the 6th most expensive property on the street.
When compared to the postcode district it is £10k less expensive than the average property in SS1.
2 Plaza, Royal Mews, Southend-On-Sea has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 10 May 2017.
The property is not connected to mains gas and has fully double glazed windows. It is heated using electric storage heaters.
The closest station to 2 Plaza, Royal Mews, Southend-On-Sea is Southend Central station which is 300 metres 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 2 Plaza, Royal Mews, Southend-On-Sea, 76.9% of property is privately rented and 11.2% is privately owned with a mortgage.
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 2 Plaza, Royal Mews, Southend-On-Sea, 10.9% of residents are recorded as possessing school level qualifications and 35.1% 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 2 Plaza, Royal Mews, Southend-On-Sea, the average age was 39.9 and the most common age was 32.
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 2 Plaza, Royal Mews, Southend-On-Sea, 1.2% 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 2 Plaza, Royal Mews, Southend-On-Sea, there are an average of 0.7 cars per household.
See below for how this compares to East of England and the rest of England & Wales.