3-bedroom flat · SS14 3RH
Sold STCListed 162 daysAuction 4 Jun · ended
Opportunity summary
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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 £12,864 PER ANNUM A leasehold three-bedroom split level flat measuring approximately 84 sq m (904 sq ft) with residents parking.
The property is conveniently positioned close to a variety of local shops, reputable schools, and regular bus services.
Pitsea and Basildon Railway Station are close by both offering direct c2c rail links into London Fenchurch Street.
There is a tenant in occupation at a rent of £1,072.07 pcm Ground Floor: Entrance Hall Kitchen: 13'5" x 8'9" Lounge: 17' (MAX) x 14'9" First Floor: Landing Bedroom 1: 15;5" x 7'11" Bedroom 2: 11'10" x 8'7" Bedroom 3: 9'6" x 6'8" Bathroom/ WC Currently tenanted and producing £1,072.07 per calendar month (£12,864.84 per annum) thus producing a yield of 10.7% at the guide price.
Please see the legal pack for details. A 125 year lease commenced on 2nd October, 1989 with 88 years remaining 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 6 Craylands, Basildon, Essex, SS14 3RH
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