1-bedroom house · CO16 8LE
Listing removedListed 156 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A fantastic opportunity to acquire a detached property with no onward chain, in the ever-popular Point Clear Bay area, enjoying views towards Mersea and offering huge potential for modernisation and improvement.
The accommodation is arranged over two floors and, as shown on the floorplan, provides a versatile layout that would suit a variety of buyers.
The first floor currently comprises a generous living room positioned to make the most of the outlook, alongside a separate kitchen and a bedroom, with scope to reconfigure and enhance the space to create a more contemporary open-plan arrangement if desired.
The ground floor offers an extensive area currently arranged as garages, storage and ancillary space, presenting a blank canvas for conversion subject to the necessary consents.
This level could be transformed into additional living accommodation, further bedrooms or a self-contained area, depending on requirements.
Externally, the property benefits from off-road parking and a garden, providing outside space to enjoy or further develop.
The overall plot and layout lend themselves well to those looking for a project, whether as a permanent residence, holiday home or investment.
Point Clear Bay is a sought-after coastal location known for its peaceful surroundings, waterfront walks and beautiful views across the estuary towards Mersea Island.
The area offers a relaxed lifestyle with access to sailing, beaches and open countryside, while still being within easy reach of nearby Brightlingsea, which provides a range of local amenities including shops, cafes, restaurants and schooling.
For more extensive facilities, Colchester is a short drive away, offering a wider selection of retail, leisure and mainline rail services to London Liverpool Street, making the property an attractive option for commuters and those seeking a balance between coastal living and convenience.
Offered with no onward chain, this is a rare chance to secure a property in a desirable waterside location with considerable scope to add value and create a bespoke home.
Auctioneer Comments This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56 Day Reservation Period.
Interested parties’ personal data will be shared with the Auctioneer (iamsold Ltd). If considering a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided, which you must view before bidding. The buyer is responsible for the Pack fee.
For the most recent information on the Buyer Information Pack fee, please contact the iamsold team.
The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.5% of the purchase price inc VAT, subject to a minimum of £6,600 inc. VAT.
This Fee is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. The Fee is considered within calculations for stamp duty.
Services may be recommended by the Agent/Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £960 inc. VAT.
These services are optional.
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
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FAQ
About 6, Mersea View, Point Clear Bay
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