1-bedroom flat · RM15 5PE
For saleListed 574 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
We are pleased to bring to market this opportunity to acquire a 1 bedroom 2nd floor flat in the popular area of South Ockendon. The property needs work as the lounge has smoke/fire damage.
There is a fitted kitchen, bathroom and double bedroom. The lounge which suffered the most of the smoke/fire damage, is a good size and has a chimney breast with fire surround.
There is a central heating system/radiators installed but the boiler has been disconnected. The hot water is heated by a modern electric cylinder tank.
Located a couple of minutes’ walk from the shopping precinct in Daiglen Drive with everything you could need, Easy access to A13 & M25 and a short drive to the popular Lakeside Shopping Centre.
Only a short, 7 minute walk will take you to Ockendon Station for the C2C line to get you into London. If you are looking for a project this would be a great one to start with. Cash buyers only.
Be quick! *****buyer fees apply***** Entrance Hall (13'6" x 6'6") Hallway: 13'6" x 6'6" l-Shaped: Access to all accommodation. Small storage cupboard. Vinyl flooring. Radiator.
Door entry system Kitchen (10'8" x 7'1") Kitchen: 10'8" x 7'1": Double glazed window to front aspect. Fitted base units. Stainless steel sink with drainer and mixer tap. Space for washing machine.
Freestanding electric cooker Tile splash back. Two storage cupboards/largers. Texture ceiling. Vinyl floor. Neutral decor Lounge/Diner (14’5” x 11’11”) Lounge/diner: 14’5” x 11’11”.
Double glazed windows to rear aspect. (Needs replacing a damaged by fire). Chimney breast with fire surround. (houses redundant back boiler). Fitted carpet. 2 x Radiators. Smooth ceiling.
This room will need total refurbishment due to the smoke damage Bathroom (6'3" x 6'2":) Bathroom: 6'3" x 6'2": Double glazed frosted window to front aspect. Panel bath with shower over. Low level W.C.
And hand basin. Part tiled to walls. Vinyl floor. Neutral décor Bedroom (12'11" x 9'8") Bedroom 1: 12'11" x 9'8" Double glazed window to front aspect.
Built in wardrobe and airing cupboard housing hot water tank. Smooth ceiling. Radiator.
Neutral décor Outdoor Space Outside: Parking: There is a large communal car park and the property has a Garage in a block..
Council Tax: A Lease: 95 years remaining, Ground rent: £10 p.a - Maintenance: £1413.15 p.a
Value & comps
No previous sales on record.
Returns
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We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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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 41, Broxburn Drive, South Ockendon
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