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 · SS9 5PZ
Sold STCListed 188 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
VERY WELL DECORATED SOUTH FACING WINDOWS NICE SIZE ONE BED APARTMENT Eastwood, Leigh-on-Sea, £119,500 SUPERB 2nd Floor Retirement Apt. Updated and Very Well Decorated. One Good Size Bedroom.
Open Plan Living Space with an 18ft 6" Lounge / Dining Area and 10ft Modern Fitted Kitchen. Updated Bathroom with Shower over Bath.
Good Communal Facilities including: Residents Lounge and Laundry Room Rooms: Reception Hall to Ground Floor with Security Entrance Door Modernised Reception Area with New Carpets and Neutral Re-Painted Walls Entrance Hall in the Apartment Lounge / Dining Room Open Plan to Kitchen Overall Measurement 25' 3'' x 11' 3'' max (7.69m x 3.43m) Lounge / Dining Area with UPVC Double Glazing / South Facing Views 18' 6'' x 9' 7'' (5.63m x 2.92m) Natural Wood Kitchen with Various Fitted Appliances 9' 7'' x 7' 1'' (2.92m x 2.16m) Bedroom with South Facing Modern Double Glazed Window 15' 3'' x 9' 5'' (4.64m x 2.87m) Re-Fitted Bathroom with Sep Shower over Bath 7' x 6' (2.13m x 1.83m) ______________________________________ Lease Information: Length of Lease: 64 / 65 Years To Be Advised Ground Rent: £100 pa Buildings Insurance: £350 - £400pa, To Be Advised.
Service Charge: £220 - £230 pcm, To Be Advised.
______________________________________ ______________________________________ Communal Facilities: Residents Lounge with Attached Kitchen Reception Seating Area Communal Gardens Laundry Room Mobility Storage Area Visitor and Residents Parking Areas Gardens Surround the Building Service Charge Includes: Water In / Water & Sewerage Out House Manager 24hr Careline Service All Recreational Areas Laundrette with Washers and Dryers Electric to all Communal Areas External Window Cleaning Gardening Satellite Dish in Loft and Individual Cabling to Each Flat ____________________________________ General Notes: Heating: Via Gas Boiler and Radiators Electricity: Mains Gas: Mains Water and Sewerage: Mains Construction: Standard Brick Built Mobile Connection: Good 4G & Some 5G Connections Broadband: Standard Energy Performance Rating: C Council Tax Band: C ____________________________________ Inspected By: Thomas Devlin-James Disclaimer: The measurements indicated are supplied for guidance only, potential buyers are advised to re-check the measurements before committing to any expenditure.
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Value & comps
No previous sales on record.
Returns
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We're still gathering serviced-accommodation data for this area.
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
Agent & docs
FAQ
About Rayleigh Road, Leigh-On-Sea, Essex, SS9
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