1-bedroom flat · RM17 5RX
Sold STCListed 115 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
• no onward chain • two bedroom first floor retirement home • retirement development designed for over 55's • modern shower room and kitchen • stairlift available to first floor • newly installed buzz in secure telecoms system • surrounding communal grounds • management run by sanctury with on site manager between 8AM and 4PM Monday - Friday • warden control system in place within the apartment with emergency pull cords • communal residents lounge with weekly activities held for residents such as coffee mornings • well situated for the parades of shops on southend road • council tax band: C Lease Remaining: 58 years Service Charge: £217 per month approx.
Communal Hall Buzz in telecoms system, stairs with a stair lift to first floor. Entrance Hall 6' x 5'. Textured ceiling with cornice coving, loft hatch, storage cupboard, doors to accommodation.
Master Bedroom 12'7 x 9'3. Double glazed window, textured ceiling with cornice coving, fitted wardrobes with bridging unit, radiator. Bedroom Two 9'6 x 6'9.
Double glazed window, textured ceiling with cornice coving, radiator. Shower Room 6'9 x 6'.
Textured ceiling, low level wc, vanity unit with mixer tap, walk in shower with electric wall mounted shower, radiator, fully tiled walls, tiled floor. Lounge 15'3 x 11'3.
Double glazed window, obscure double glazed window, textured ceiling with cornice coving, radiator. Kitchen 8'5 x 7'5.
Double glazed window, cupboard housing a boiler, range of eye and low level units with worktops over, one and a half sink drainer unit with mixer tap, four ring electric Neff induction hob, Bosch washing machine, Beko fridge / freezer, integrated oven.
Front Of Property Communal parking, communal gardens, on site concierge manager, communal residents lounge.
Buyers Information Pack Please see below a link to the Buyers Information Pack / ta Forms: A326073a5ad Agents Note The agent suggests that any interested parties should make contact with the estate agent prior to booking a viewing as the seller has been unable to provide any material information.
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 Priestley Court,, Palmers Drive, Essex
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