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See how verdicts work1-bedroom flat · SS8 0AY
Sold STCListed 255 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
**GUIDE PRICE £160,000 - £170,000** Being Sold With A Tenant In Situ Currently Paying £1050 Per Calendar Month This is a stunning one double bedroom ground floor flat situated a stones throw from Canvey seafront.
The property comprises of a lounge with a feature fireplace and wooden flooring, a modern kitchen with breakfast area, one double bedroom and modern bathroom. Parking is also available.
/ Lounge With Feature Fireplace / Modern Kitchen/Breakfast Room / Double Bedroom / Modern Bathroom / Double Glazed / Parking Available / Close To Canvey Seafront / EPC Band D Lounge 12'11 x 12' Two double glazed windows, wood effect flooring, electric heater, power points.
Kitchen/Breakfast Room 9'6 x 8'6 High gloss units to eye and base level, work surfaces over incorporating stainless steel sink and drainer unit, integrated hob, integrated cooker, part tiled walls, power points, wood effect flooring.
Bedroom 16'3 x 8'5 Double glazed window, wood effect flooring, power points, electric heater.
Bathroom Three piece suite comprising low lush WC, wash basin, panelled bath with shower over and glass screen, tiled walls, tiled flooring. Long Lease 199 years from the June quarter day 1992.
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These details are for guidance only, complete accuracy cannot be guaranteed. For any points which are of particular importance, verification should be obtained.
They do not constitute a contract or part of a contract. All measurements are approximate. No guarantee can be given concerning planning permissions or fitness for purpose.
No apparatus, equipment, fixture or fitting has been tested. Items shown in photographs are NOT necessarily included.
Interested Parties are advised to check availability and make an appointment to view before travelling to see a property.
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 Cherry Court, Western Esplanade, Canvey Island, Essex
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