1-bedroom flat · RM15 5AF
For saleReduced £5k (−2.5%) on 10 OctListed 40 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
One bedroom | upper floor flat | modern kitchen | stylish bathroom | private rear garden | currently let at £1,100 pcm | ideal investment opportunity | potential to purchase with sitting tenant A well-presented one-bedroom upper-floor flat situated in a popular residential location in South Ockendon.
The property offers bright, generously proportioned accommodation together with the unusual benefit of its own private rear garden , making it an attractive opportunity for both owner-occupiers and buy-to-let investors.
The accommodation comprises a welcoming entrance hallway, a spacious living room with plenty of natural light, a good-sized double bedroom, a modern fitted kitchen with ample storage and worktop space, and a contemporary, stylish bathroom.
Outside, the property benefits from a private rear garden , providing excellent outdoor space for relaxing and entertaining.
The property is conveniently positioned for local amenities and transport connections, with Ockendon railway station approximately 1 km away , providing useful links for commuters.
The property is also recorded as being within Council Tax Band A Investment Opportunity The property is currently rented at £1,100 per calendar month (£13,200 per annum) and there may be an opportunity to purchase the property with the existing tenant in situ , making this particularly appealing to investors looking for an income-producing property from completion.
Tenure: Leasehold Lease: Approximately 99 years Service Charge: Estimated £708 per annum Ground Rent: £10 per annum Current Rent: £1,100 pcm Council Tax Band: A Lease length, service charge, ground rent and tenancy details have been provided by the seller and should be verified by the buyer's solicitor prior to exchange of contracts.
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
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FAQ
About 209 Daiglen Drive, South Ockendon
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