2-bedroom flat · SS2 5GF
For saleListed 3 days
Opportunity summary
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About
£98,000 – 40% shared ownership | stunning two double bedroom apartment | 828 sq ft | private terrace | allocated parking An exceptional opportunity to step onto the property ladder with this beautifully presented, larger-than-average two-bedroom ground-floor apartment, offering approximately 828 sq ft of stylish accommodation, a private gated terrace and allocated parking.
Built in 2017 and finished to an excellent standard throughout, this impressive home combines generous proportions, modern living and an affordable 40% shared ownership purchase.
The real standout feature is the superb 19'8" x 16'5" open-plan kitchen/lounge/diner.
Dual aspect and flooded with natural light, this impressive space comfortably accommodates a generous seating area and dining furniture alongside a sleek contemporary fitted kitchen with extensive cabinetry and integrated cooking appliances.
French doors open directly onto the private terrace, creating a wonderful connection between inside and out. Both bedrooms are particularly generous doubles, each measuring over 14ft in length.
The impressive principal bedroom benefits from fitted wardrobes and additional built-in storage, while the second bedroom offers excellent flexibility for guests, children or working from home.
A stylish modern three-piece bathroom with shower over the bath completes the accommodation, together with a spacious entrance hallway featuring two large built-in storage cupboards.
Outside, the private gated terrace measures approximately 11'8" x 7'3", providing a lovely low-maintenance space for outdoor seating and dining, with the added convenience of direct access into the living accommodation.
The property also benefits from its own allocated parking space within the private residential car park.
Situated within a popular modern development, the apartment is conveniently positioned for Prittlewell Station, offering direct services to London Liverpool Street, together with Southend city centre, supermarkets, local amenities and excellent road connections via the A127.
Available at £98,000 for a 40% share, based on a full market value of £245,000, with subsidised rent payable on the remaining share.
Buyers also have the opportunity to increase their ownership up to 100% in the future.
A genuinely impressive, turnkey home offering considerably more space than many modern apartments, together with private outdoor space, parking and an accessible route into homeownership.
Shared Ownership Information Full Market Value: £245,000 40% Share Purchase Price: £98,000 Minimum 5% Deposit: £4,900 Monthly Rent on Remaining 60%: £447.11 Monthly Service Charge: £159.07 Monthly Buildings Insurance: £7.97 Total Monthly Rent & Charges: £614.15 (excluding mortgage payments) Maximum Ownership Available: 100% Shared ownership eligibility and affordability assessments apply.
Monthly charges are subject to review. EPC Rating: B
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.
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About Flat 15, Cole House, Southend-On-Sea
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