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 · CO15 3PG
For saleReduced £1k (−2%) on 26 OctListed 187 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
REALISTICALLY PRICED one bedroom FIRST FLOOR FLAT for OVER 55's within EASY REACH of town amenities creating a SECURE environment and CHAIN FREE.
Property additional info ENTRANCE LOBBY: Shared area with stairs to first floor level, door to Flat 15. ENTRANCE HALL: Access to loft, electric night storage heater, built in airing cupboard.
LOUNGE: 11’9” x 11’6” Light and airy room with dual aspect double glazed rear and side windows, TV point, electric night storage heater, full fibre Broadband installed KITCHEN: 10’9” x 5’10” Range of work surfaces with drawers and cupboards under, inset sink unit, plumbing for washing machine, inset four ring electric hob and modern eye level oven, matching wall cabinets and extractor hood, part tiled walls, double glazed front window, wall mounted electric fuse boxes.
BEDROOM: 15’9” x 8’10” Range of fitted wardrobe/storage cupboards, electric night storage heater, double glazed rear window.
BATHROOM: Replacement white suite comprising panelled bath with independent electric shower unit over, pedestal wash basin, low level wc., part tiled walls. OUTSIDE: Communal parking and gardens.
Managers Office, Laundry Room and Meeting Room. TENURE: We understand the flat is held on the balance of a 99 year lease from 1987 with approximately 60 years remaining.
The current Service Charge is £237.26 per month which includes 24 hour care line, upkeep of communal areas and Buildings Insurance. Ground Rent is £238 per year (fixed until 31st May 2029).
Mobile signal/coverage: Good. Electricity source: National Grid. Sewerage arrangements: Standard UK domestic. Heating Supply: Central heating (electric).
Broadband internet type: FTTC (fibre to the cabinet). Parking Availability: Yes.
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 East Haven, Old Road, Clacton on Sea, CO15
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