16, Wayletts, Essex, SS16 6RN

1-bedroom flat · SS16 6RN

497 sq ftEPC C1 bath

Asking

£145,000

For saleReduced £5k (−3.3%) on 14 OctListed 63 days

Investor metrics

Opportunity summary

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About

The property

• guide price £150,000 - £160,000 • one bedroom first floor flat • 14' lounge/diner • fitted kitchen • bathroom/WC • own loft area • communal parking • situated 1.3 miles to laindon C2C station, providing easy access to london fenchurch street Lease Remaining: 97 years approx.

Service Charges: £1,200 per annum. Ground Rent: £10.00 per annum. Council Tax Band: A Entrance Via Communal entrance door to: Communal Hall Stairs to all floors.

Own Entrance Door To Entrance Hall Two storage cupboards, access to loft, doors to accommodation. Bedroom 10'10 x 10'5. Double glazed window to side, radiator. Lounge/Diner 14'4 x 13'7 max.

Double glazed window to side, modern radiator, wood effect flooring, wood panelling to one wall, door to: Kitchen 12'4 x 5'6.

Double glazed window to side, range of base level units and drawers with work surfaces over, inset stainless steel sink drainer unit with mixer tap, space for appliances, range of matching eye level cupboards, wall mounted boiler, complementary tiled splash backs.

Bathroom/wc 6'6 x 5'6. Obscure double glazed window to side.

Suite comprising: Panelled bath with mixer tap and wall mounted shower attachment, pedestal wash hand basin with mixer tap, low level wc with push flush. Tiled flooring, complementary tiling to walls.

Exterior Communal gardens. Communal parking.

Key information

Price per sq ft

£292/sq ft

Based on 497 sq ft (46 sq m)

Floor area

497 sq ft (46 sq m)

Reception rooms

Council tax band

Band A

Estimated ~£1,200/year

EPC rating

current

Tenure

Leasehold (97 years)

Property age

Built 1976–1982

Local authority

Basildon

District

County

Essex County

Value & comps

What is it worth?

No previous sales on record.

Comparable salesNo comps yet

No comparable sales matched this property yet.

Returns

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Rent evidence

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Local SA Market

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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.

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Deal

Is it a deal?

Archie’s verdict

Archie has scored this property.

Deal score · weighted

Weak signals — move on

Factor breakdown

BMV discountNot calculated, and not zero — there is no value estimate for this property to discount against.

0/25

Yield potential—

0/25

Motivation signalsNot enough data

0/25

Days on market63 days

8/25

—

Seller motivation

Not scored yet

Days on market63

Price reduction-3.3%

STC fall-through—

Back to market—

Agency change—

EPC ratingC

Listing timeline

First listedListed at £150,00021 Aug 2026

Price reduced£150,000 → £145,000 (−3.3%)14 Oct 2026

Still activeDay 63 on marketToday

Strategy fit

No strategy scores available yet.

Article 4No HMO Article 4 held

HMO Conversion Potential

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.

Tier, yield projection, and cost stack — Pro tier only.

PD Conversion Potential

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.

Tier, route, yield projection, and cost stack - Pro tier only.

BRRR Candidate

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.

Tier, refurb cost, ARV, and refi maths - Pro tier only.

Plot subdivision potential

Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.

Lease extension arbitrage

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.