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See how verdicts work1-bedroom flat · SS3 0HY
Listing removedListed 146 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Tenure: Leasehold Guide price £140,000 to £150,000 - Spacious Retirement Apartment | Balcony Overlooking Gardens | Village Centre Location | No Chain Situated within the highly regarded Mallards retirement development in the heart of Great Wakering, this spacious one-bedroom first floor retirement apartment offers well-maintained accommodation, pleasant garden views and excellent communal facilities, all within walking distance of the village centre and local amenities.
Offered with no onward chain, the property provides a fantastic opportunity for those seeking independent living within a friendly and well-managed retirement community.
Accessed via a secure communal entrance with passenger lift and staircase to the first floor, the apartment itself offers a welcoming entrance hall with useful storage.
A standout feature is the impressive 18'8 lounge/diner, providing excellent living and dining space while enjoying direct access onto a private balcony overlooking the beautifully maintained communal gardens - a lovely spot to sit and enjoy the peaceful surroundings.
The fitted kitchen offers a range of storage units, built-in electric cooker and hob, space for further appliances and attractive views over the gardens.
The double bedroom is generously proportioned and benefits from fitted wardrobes and additional built-in storage.
Completing the accommodation is a well-maintained three-piece shower room with full tiling and shower cubicle.
The Mallards is a highly popular retirement development known for its welcoming atmosphere and excellent resident facilities, including a communal lounge, guest suite for visitors, hair salon, residents kitchenette, laundry room, manager’s office and even an honesty gift/card shop.
Externally, the development enjoys beautifully landscaped communal gardens along with resident parking, drying areas and secure communal access.
The location is another major advantage, positioned just a short walk from Great Wakering village centre with its range of shops, cafés, amenities and bus routes.
This is an excellent opportunity to secure a spacious retirement apartment in one of Great Wakering’s most established and desirable developments. Viewing is strongly advised. EPC Rating: C
Value & comps
No previous sales on record.
Returns
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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
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FAQ
About Flat 31, The Mallards, Southend-On-Sea
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