1-bedroom flat · SS2 4XE
For saleReduced £40k (−26.7%) on 21 JunListed 596 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A one bedroom ground floor retirement apartment with door to patio area Old Rectory Court was constructed by Anglia Secure Homes and comprises 41 apartments arranged over 2 floors each served by lift; a further 4 apartments on 2 floors and a three bedroom cottage in the converted Rectory.
The car park is to the front of the grounds. Doctors surgery shops and bus stop in close proximity.
The Development Manager can be contacted from various points within each property in the case of an emergency.
For periods when the Development Manager is off duty there is a 24 hour emergency Appello call system.
Each property comprises an entrance hall, lounge, kitchen, one, two or three bedrooms and bathroom.
It is a condition of purchase that male residents be over the age of 65 years and female residents over 60 years of age.
Please speak to our Property Consultant if you require information regarding “Event Fees” that may apply to this property. Accommodation Front door leading to apartment Entrance Hall.
(Electric meter outside in cupboard) Entrance Hall Storage heater. Power point. Light switch. Ceiling light. Airing Smart meter. Cupboard with Ariston hot water heater and storage space.
Security door entry system. Emergency call system. Speech Module. Living Room French door leads to patio area and communal grounds. Ceiling light fittings. Storage heater. Power points.
T V aerial point. Telephone point. Emergency pull cord. Archway leads to:- Kitchen Tiled and fitted with stainless steel sink unit, wall and floor cupboards with work tops.
Built in electric oven and hob with extractor hood over. Space for refrigerator washing machine and dishwasher. Power points. Ceiling point. Storage unit.
Bedroom One Built in double, mirror fronted wardrboe with hanging rail and shelf over. Panel heater. Ceiling light fitting. Power points. Emergency pull cord.
Shower Room Tiled and fitted with suite comprising shower unit with grab rail. Emergency pull cord. WC with low level flush. Pedestal wash hand basin with mirror and light over. Ceiling light.
Extractor fan. Wall mounted electric heater. Heated towel rail.
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
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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
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FAQ
About 20, Old Rectory Court, Southend-on-Sea
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