3-bedroom house · CO12 3DX
Listing removedListed 154 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An attractive opportunity to purchase this three bedroom Grade II listed house and building plot with planning permission to errect apartments and convert the existing property.
This property is offered for sale through the Modern Method of Auction which is operated by iamsold Limited.
An exciting opportunity to acquire a substantial grade II listed property situated in the heart of Old Harwich.
Together with the main property is an adjoining development plot benefitting planning permission for the erection of eight apartments while incorporating the existing building.
The existing property offers an abundance of character and period features arranged over three floors but now requires extensive modernisation throughout making it an ideal development opportunity.
Accommodation comprises: Shop floor: 16'11" x 14'11" office area 6'3" x 11'11" workshop 16'3" x 11'12" first floor: Lounge: 15'8" x 14'10" kitchen 17'6" x 13'11" bedroom one 16'4" x 12'3" top floor: Bedroom two 17'8" x 11.0" bedroom three 14'7" x 11'09" dressing room 10'2" x 8.4" bathroom 8'5" x 7'4" Planning ref.
No: 15/00615/ful pricing of the potential apartments: Based on current marketing conditions and in conjunction with the proposed plans, we would expect: 6 x two bedroom flats - expected selling price of £140,000.
2 x one bedroom flats- expected selling price of £125,000. We advise viewing our virtual tour before arranging a viewing of the property.
Auctioneer Comments This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56 Day Reservation Period.
Interested parties' personal data will be shared with the Auctioneer (iamsold Ltd). If considering a mortgage, inspect and consider the property carefully with your lender before bidding.
The buyer is responsible for the Pack fee. For the most recent information on the Buyer Information Pack fee, please contact the iamsold team.
The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.5% of the purchaser price.
This fee is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This Fee is considered within calculations for stamp duty.
Services may be recommended by the Agent/Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £500 inc VAT.
These services are optional. Location The property is situated in Harwich Town close to the harbourside and A120 trunk road.
Harwich Town benefits from a train station, several restaurants and public houses as well as a beach and Ha'penny pier. Dovercourt can be found less than a mile away with a wider range of amenities.
Directions Please follow postcode CO12 3DX on your SatNav or smart device.
Important Information We understand that mains water and electric are connected to the property EPC - tbc Council Tax Band - B
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
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FAQ
About 21, Market Street, Essex
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