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See how verdicts work3-bedroom flat · SS14 3RH
Sold STCListed 185 daysAuction 4 Jun · ended
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
FOR SALE BY PUBLIC AUCTION ON THURSDAY, 4TH JUNE 2026 AT 12.00PM NOON. LIVE STREAMED VIA DEDMAN GRAY WEBSITE.
BIDDING AVAILABLE BY TELEPHONE, PROXY AND ONLINE BUY TO LET INVESTMENT: A LEASEHOLD SPLIT LEVEL THREE BEDROOM MAISONETTE WITH A TENANT IN OCCUPATION PRODUCING AN INCOME OF £12,900 PER ANNUM A three-bedroom split level maisonette measuring approximately 66 square metres (710 square foot) in a purpose-built block.
The maisonette is arranged as entrance hall, kitchen, and lounge on the second floor with three bedrooms, a bathroom, and a WC on the third floor.
The property is let at the rate of £1075 pcm (£12,900 pa) giving a gross yield of over 10% of the guide price.
Entrance Hall Kitchen 11'7 x 9'11 Lounge 14'10 x 14'10 First Floor Landing Bedroom One 14'0 x 8'9 Bedroom Two 11'11 x 6'8 Bedroom Three 8'5 x 7'11 Bathroom/WC The property is let at the rate of £1075 pcm (£12,900 pa) A 125 year lease commenced on 10th December 2001 We are advised that the service charge is £1590 per annum.
Please see legal pack for details E
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below starting price
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About 46 Craylands, Basildon, Essex, SS14 3RH
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