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See how verdicts work2-bedroom flat · SS7 5LA
Sold STCListed 211 daysAuction 24 Mar · ended
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
FOR SALE BY ONLINE AUCTION ON TUESDAY 24TH MARCH 2026 AT 10:00AM. Please note that we are unable to sell to a limited company.
A two bedroom ground floor flat in a contemporary building in popular South Benfleet offering excellent potential for improvement The property comprises a hallway leading to an open plan kitchen/living area, two bedrooms and a bathroom.
The kitchen is fitted with modern wall and base units together with integrated appliances. The flat has direct access to the communal courtyard.
The bathroom is fitted with a bath, separate shower, wash hand basin and WC The apartment requires finishing works including flooring, decoration and general completion.
Once completed the property would be suitable for either resale or private rental.
Ground Floor Communal Entrance Hall Personal Door Hallway: 25'7" x 18'11" Kitchen/Lounge: 30'811" x 10'7" Bedroom: 8'10" x 5'6" Bedroom: 13'5" x 11'8" Bathroom: 10'7" x 6'1" Storage Cupboard Council Tax Band C Lease details 150 years from and including 1 January 2018 to and including 31 December 2167 141 years remaining Auctioneers Comments Please note that we are unable to sell this property to a limited company.
Tenure: Leasehold Lease Details: 150 years from and including 1 January 2018 to and including 31 December 2167 EPC Rating: B 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.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
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 1, High Grove, 242 High Road, Benfleet, Essex SS7 5LA
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