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See how verdicts workStudio flat · SS1 2PH
Sold STCListed 129 daysAuction 29 Jul · ended
Opportunity summary
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About
FOR SALE BY LIVESTREAM AUCTION ON WEDNESDAY 29 JULY 2026 TO REGISTER FOR LEGAL PACKS AND BIDDING INSTRUCTIONS PLEASE VISIT OUR WEBSITE Spacious 4 room first floor Leasehold flat previously used as a 4 room HMO.
Situated in a convenient location and close to Southend East Railway Station above commercial premises (dentist). This large flat has three bedrooms, a lounge and good sized kitchen.
There are some 113 years remaining on the Lease.
the Ground Rent is £250 PA and last Service Charge was £1671.61 PA Ground Floor Communal Entrance Door, lobby and staircase to First Floor Personal entrance door leading to Entrance Hall Kitchen: 11'10" x 11'8" Lounge: 13'9" x 11'8" Bedroom 1: 12'4" x 10'4" Bedroom 2: 8'10 x 7'10" Bedroom 3: 11'4' x 6'11" Bathroom/WC: 7'6" x 5'6" Tenure: See Legal Pack EPC Rating: D Administration Fee: £1200 inc VAT payable on exchange of contracts.
Buyer's Premium Fee: £1500 inc VAT payable on exchange of contracts. Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
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 2, 509 Southchurch Road, Southend-On-Sea, Essex SS1 2PH
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