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See how verdicts work2-bedroom flat · SS17 7JU
Sold STCReduced £20k (−9.1%) on 22 MayListed 331 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Guide Price £200,000-£220,000 This generously-proportioned first floor flat located in Crawley Close, Corringham offers a spacious and well-organised interior with an impressive amount of storage throughout.
Presented in good decorative order, this home is ready to move straight into, making it the perfect opportunity for buyers taking their first step onto the property ladder.
Key Features: Two double-sized bedrooms Large living room with excellent natural light Adjacent kitchen with beech-effect cabinetry Space for white goods and free-standing appliances Dedicated internal storage room, ideal for coats, boots, and everyday clutter Plenty of fitted storage across the property Lease in excess of 80 years Low running costs - reasonable service charge and ground rent Inside the Home: The welcoming living room enjoys a bright, open feel and plenty of space for relaxing or entertaining.
The adjacent kitchen has been thoughtfully designed, fitted with practical beech-effect units and offering space for white goods, providing convenience without compromise on layout.
Both bedrooms are well-proportioned, comfortable doubles, suitable for couples, children, or home-working setups.
A standout feature of the flat is the large internal storage room, a valuable space that keeps coats, shoes, and outdoor items neatly hidden away - perfect after family walks or busy mornings.
Running Costs & Practical Benefits: With a healthy lease term exceeding 80 years, along with reasonable service charge and ground rent, this property offers peace of mind and low ongoing costs, allowing you to enjoy your home without high overheads.
What You"ll Love About This Property!
Comfort, Convenience & Smart Storage The spacious interior layout makes it feel larger than your typical two-bedroom flat Storage in all the right places - including a walk-in internal room to hide coats and boots A practical kitchen that connects seamlessly to the living space Two generous double bedrooms - perfect for couples, young families, or guests Low monthly costs thanks to sensible service charges and ground rent A ready-to-move-into home in great condition Located in a quiet and established residential setting, ideal for everyday living The Location: Corringham continues to be a popular choice thanks to its blend of local amenities, green spaces, and transport links into surrounding towns.
Crawley Close benefits from being close to shops, schools, bus routes, and scenic walking areas - a brilliant spot for relaxed but connected living.
A Great Place to Start: Whether you"re a first-time buyer, a young couple, or a small family, this home brings together space, storage, comfort and affordability - an opportunity not to be missed.
Hallway 13' 1'' x 5' 0'' (3.99m x 1.53m) Storage 6' 10'' x 4' 11'' (2.1m x 1.5m) Living Room 20' 6'' x 9' 10'' (6.26m x 3.01m) Kitchen 7' 2'' x 6' 10'' (2.2m x 2.11m) Bedroom One 13' 9'' x 13' 1'' (4.22m x 3.99m) Bedroom Two 16' 0'' x 9' 0'' (4.88m x 2.75m) Bathroom 7' 6'' x 5' 11'' (2.31m x 1.82m) Terrace 32' 10'' x 3' 6'' (10.03m x 1.07m)
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.
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FAQ
About Crawley Close, Corringham, Essex, SS17 7JU
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