According to the public record, 56A, Southbourne Grove, Westcliff-On-Sea is a early-century leasehold apartment with 581 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 56, Southbourne Grove, Westcliff-On-Sea, SS0.
Southbourne Grove, Westcliff-On-Sea, SS0 is located within the SS0 postal district.
56A, Southbourne Grove, Westcliff-On-Sea has 2 entries in the Land Registry database, most recently in July 2022 and a single entry in the EPC database dated February 2022.
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 56A Southbourne Grove Westcliff-On-Sea as £201,261 and the rental value as £1,086 per month giving an expected gross yield of 6.5%.
Over the last 12 months the sale value of 56A Southbourne Grove Westcliff-On-Sea has increased by £3,062 (1.5%) and its rental value has increased by £63 per month (5.8%).
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 56A, Southbourne Grove, Westcliff-On-Sea is in very good condition we estimate a sale value of £211,324 and rental value of £1,141 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £187,172 and a rental value of £1,010 per month.
If you were able to purchase this property for the estimated value of £201,261, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £989 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, 56A, Southbourne Grove, Westcliff-On-Sea was last sold on 22 Jul 2022 for £205,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Jul 2022, the market for similar properties has dropped 2.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 56A, Southbourne Grove, Westcliff-On-Sea within a radius of 410 metres over the last 2 years.
The most recent example is 58, Southbourne Grove, Westcliff-On-Sea, SS0 9UT, a Leasehold flat which sold for £230,000 in May 2023.
Read more about house prices in SS0.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Southbourne Grove, Westcliff-On-Sea, SS0 has a total of 337 addresses. According to our analysis of all the public data, 56A, Southbourne Grove, Westcliff-On-Sea is the 302nd largest and the 306th most expensive property on the street.
When compared to the postcode district it is £134k less expensive than the average property in SS0.
56A, Southbourne Grove, Westcliff-On-Sea has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 07 Feb 2022.
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 56A, Southbourne Grove, Westcliff-On-Sea is Chalkwell station which is 1.1 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 56A, Southbourne Grove, Westcliff-On-Sea, 45.9% of property is privately rented and 35.3% 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 56A, Southbourne Grove, Westcliff-On-Sea, 19.9% of residents are recorded as possessing school level qualifications and 27.7% 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 56A, Southbourne Grove, Westcliff-On-Sea, the average age was 36.1 and the most common age was 37.
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 56A, Southbourne Grove, Westcliff-On-Sea, 0.3% 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 56A, Southbourne Grove, Westcliff-On-Sea, there are an average of 1.0 cars per household.
See below for how this compares to East of England and the rest of England & Wales.