2-bedroom flat · SS14 1FG
For saleReduced £10k (−5.3%) on 21 JunListed 320 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
*guide price £190,000-£220,000* Vibrant 2-bed apartment with sleek interiors, parking and a sitting tenant-just steps from Basildon Station.
A ready-made investment in the ultimate convenience hotspot. Welcome to The Icon-and yes, it genuinely lives up to its name.
This stylish two-bedroom, second-floor apartment delivers modern living in the heart of Basildon Town Centre, complete with a 106-year lease, sleek interiors and a sitting tenant already providing instant rental income.
The property represents a standout investor-only opportunity enhanced further by a sitting tenant already in place.
Step into the hallway and you’re immediately drawn to the impressive open-plan kitchen/lounge, stretching over 20ft.
It’s the kind of space that makes dinner parties easy, lazy Sundays better and Instagram Stories look effortlessly aesthetic.
The modern kitchen setup includes integrated hob, generous workspace and plenty of room for a dining nook-perfect for tenants who love to cook, host or simply order Deliveroo in style.
Both bedrooms are excellently sized, with the master bedroom measuring nearly 14ft in length, providing plenty of space for furnishings.
Bedroom Two also offers generous proportions, perfect for guests, children, or a dedicated home office.
A modern, well-appointed bathroom with full bathtub and contemporary fittings completes the internal layout. And speaking of commutes-Basildon Station is literally 200ft away.
That’s “I can leave in three minutes and still make my train” close. Plus, the apartment includes an allocated parking space, a serious bonus in such a central location.
With quick access to the A13 and M25, it’s commuter heaven, whether your tenant works in London, Essex or somewhere in between.
This is an investor-only purchase with a reliable sitting tenant-ideal for those who prefer their returns as hassle-free as their morning coffee.
Basildon is a thriving Essex town known for its exceptional transport links, bustling commercial centre and strong rental market.
With rapid rail services to London Fenchurch Street, it is hugely popular with professionals seeking convenient commuting while benefitting from more affordable living.
The town centre offers an array of shops, cafés, restaurants and leisure facilities, including the Eastgate Shopping Centre and various entertainment venues.
Road links are excellent, with the A13, A127 and M25 providing seamless access across Essex, Kent and London.
Ongoing regeneration and strong tenant demand continue to make Basildon an appealing destination for long-term property investment.
The small print: We’ve done our homework, but we aren’t fortune tellers. We haven’t poked the boiler, flicked the switches, or tested every light bulb.
Nothing here counts as a contract or statement of fact-get your solicitor to check all the serious stuff, like tenure, parking, planning permission, building regs, and all that jazz! Measurements?
Guides only. Floorplans? Handy, but not perfectly to scale. Travelling far? Call first-clarification is free, petrol is not.
We may receive a referral fee if you choose to use third-party services we recommend, such as conveyancers, mortgage advisers, or EPC providers, but you are under no obligation to do so.
Aml Checks - Law says we must run one. £80 + VAT per buyer. Tiny toll, big compliance. Buyer Reservation Fee - Offer accepted? Pay a reservation fee (min £1,000) to lock it in.
VIP pass to the property, protects against gazumping. Complete the sale? Fee refunded. Things go sideways? Sometimes non-refundable.
Head to our website for full details – or skip the scrolling and just call.
Value & comps
No previous sales on record.
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 asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisors before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 Flat 24, The Icon, Southernhay, Basildon
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