2-bedroom bungalow · CO15 6EX
Sold STCListed 173 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
NO ONWARD CHAIN!
Blake & Thickbroom are pleased to present this well-maintained two-bedroom terraced bungalow, situated within the desirable OVER 55's Lyon Close development, offered to the market with no onward chain.
This inviting home provides comfortable living spaces throughout.
The bungalow features a welcoming entrance hall, a generously sized lounge, a fitted kitchen, two well-proportioned bedrooms, and a modern shower room.
Residents benefit from communal gardens which offer pleasant outdoor relaxation areas, alongside convenient communal parking facilities.
Located in Lyon Close, the property enjoys the advantages of a well-regarded residential area, with local amenities and transport links easily accessible.
A video tour is available to provide a comprehensive view of the accommodation. An internal viewing is recommended to truly appreciate this property.
Entrance Hall - 2.74m x 2.18m (9'0" x 7'2") Bedroom One - 3.89m x 3.3m (12'9" x 10'10") Bedroom Two - 2.84m x 2.74m (9'4" x 9'0") Shower Room - 2.16m x 1.65m (7'1" x 5'5") Lounge - 5.69m x 3.3m (18'8" x 10'10") Kitchen - 2.92m x 2.72m (9'7" x 8'11") Material information for this property.
Tenure is Leasehold Balance of a 125 year lease granted in 1991. Council Tax Band B. EPC Rating TBC. Services Connected. Electricity - Yes. Gas - Yes. Water- Yes. Sewerage type - Mains.
Telephone and Broadband coverage - Yes. Prospective purchasers should be directed to Checker.ofcom.org.co.uk to confirm the coverage of mobile phone and broadband for this property.
Any additional property charges - Yes the current service charge is £148 PCM The Ground rent charge is £109 per annum.
Non standard properties features to note - You must be over 55's to live on this development.
MONEY LAUNDERING, TERRORIST FINANCING AND TRANSFER OF FUNDS (INFORMATION OF THE PAYER) REGULATIONS 2017- When agreeing a purchase, prospective purchasers will be asked to undertake identification checks including producing photographic identification and proof of residence documentation along with source of funds information.
There will be an ADMIN CHARGE of £24 inclusive of VAT for a single applicant and £36 inclusive of VAT total for multiple applicants/buyers via a third party company who undertake our Anti Money Laundering checks.
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 Lyon Close, Clacton-On-Sea, CO15 6EX
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