We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work1-bedroom house · SS1 3EP
Sold STCListed 164 daysAuction 4 Jun · ended
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
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 RESIDENTIAL INVESTMENT: A VACANT ONE BEDROOM FIRST FLOOR PURPOSE BUILT RETIREMENT APARTMENT CLOSE TO LOCAL SHOPS, BEACH AND TRAIN STATION A vacant, spacious one bedroom retirement flat for over 60's, located on the first floor, ideally located close to local shops, cafs and green spaces.
The property also benefits from excellent transport links, including Thorpe Bay train station, providing easy access to central London and surrounding areas.
There is a House Manager on site Monday to Friday, 4-5 hours each day and a careline system in place. There is a residents' car park at the rear of the building.
Entrance Hall Lounge - 14'6 x 10'4 Kitchen - 5'8 x 7'1 Bedroom - 13'6 x 9'1 Shower room Walking distance to station Close to beach and shops A 125 year lease commenced on 1st April, 1994 with 93 years remaining We have been advised the ground rent is £235 bi-annually (£470 per annum last year) and the service charge is £3,400 per annum but please refer to the legal pack for full details of any service / maintenance charges & ground rent costs C
Value & comps
No previous sales on record.
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Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
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
Agent & docs
FAQ
About Flat 24 Burges Court, Station Road, Southend-on-Sea, Essex, SS1 3EP
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