2-bedroom flat · CM14 4TG
Sold STCListed 36 daysAuction 14 Nov · in 22 days
Opportunity summary
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About
FOR SALE BY PUBLIC AUCTION ON THURSDAY, 8TH OCTOBER 2026 AT 12.00PM NOON. LIVE STREAMED VIA DEDMAN GRAY WEBSITE.
BIDDING AVAILABLE BY TELEPHONE, PROXY AND ONLINE BUY TO LET INVESTMENT: A LEASEHOLD SECOND FLOOR FLAT CLOSE TO HIGH STREET WITH TENANT IN OCCUPATION PRODUCING AN INCOME OF £13,200 PER ANNUM A second floor two bedroom apartment with lift and communal parking, located at the bottom of Brentwood High Street, a short walk from Brentwood main line station, with its fast links to the city via the newly opened Elizabeth Line.
The property has a tenant in occupation producing £1,100 pcm which gives a gross yield of over 9% of the guide price.
Entrance Hall Lounge/Diner - 14'7 x 14'2 Kitchen - 14'3 x 7'3 Bedroom One - 12'5 x 11'0 Bedroom Two - 11'5 x 7'0 Bathroom Communal Parking We have been advised that a section 20 notice has been served for works needed, please refer to the legal pack for details The property is let at the rate of £1,100 pcm (£13,200 PA) This is considered below market value A 125 year lease commenced on 14th November, 1983 with 82 years remaining We are advised that the ground rent is £10 per annum.
For information on the service charge and ground rent please refer to the legal pack. D
Value & comps
No previous sales on record.
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Returns
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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
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FAQ
About 99 Drake House, Sir Francis Way, Brentwood, Essex, CM14 4TG
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