1-bedroom flat · SS5 4AB
Listing removedReduced £10k (−5%) on 21 JunListed 141 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This one-bedroom ground floor flat is situated in the centre of Hockley, offering easy access to local amenities and transport links.
The property features a spacious kitchen diner, providing a comfortable space for daily living. With no onward chain, the purchase process could be more straightforward for prospective buyers.
The flat benefits from its own 40ft rear garden, a rare find in such a central location. This outdoor space is ideal for those who enjoy gardening or simply relaxing in their own private environment.
Additionally, the property includes a driveway with parking for one car at the front.
With 90 years remaining on the lease, this flat is an attractive option for first-time buyers or investors looking for a property with long-term potential.
Hockley offers a vibrant community atmosphere with shops, eateries, and parks nearby.
Act quickly to take advantage of this affordable opportunity in a sought-after area Entrance Hall Bathroom (9'4 x 7'6) Bath with shower over.
Wash hand basin and wc Kitchen Diner (18'9 x 9'5) Fitted Kitchen, space and plumbing for appliances. Door giving access to garden.
Understairs storage cupboard Lounge (12'3 x 11'2) Access to Garden Bedroom (12'5 x 11'7) Exterior Own 40ft rear garden. Decked area. Fenced to boundaries.
Laid to lawn Frontage Own driveway with off street parking for one vehicle Agents Note Lease remaining - 90 Years Ground Rent - £300.00 per year. (including buildings insurance)
Value & comps
No previous sales on record.
Returns
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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 2, Eldon Way, Hockley
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