We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work1-bedroom flat · SS4 1TZ
Listing removedListed 165 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Cash buyers only - Just 12 Min Walk to Rochford Station - highly sought-after location – Very Well Presented & Spacious Ground Floor Flat With Fitted Kitchen, Shower Room, Off Road parking & A Lease Currently Being Extended.
This Is A real must see!
Entrance: Via a security entry phone system giving access to: Communal Hallway: Stairs rising tp upper floors, further panelled door giving access to: Hallway: Built in storage cupboard, feature tiled floor, doors to: Shower Room: UPVC double glazed window to side.
Modern suite comprising a built in shower cubicle, low level W.C and vanity wash hand basin. Partly tiled walls in compliemnatry ceramics.
Lounge: (4.27m x 3.2m (14' 0" x 10' 6")) UPVC double glazed window to rear, feature tiled floor with underfloor heating, arch to: Bedroom: (2.8m x 2.5m (9' 2" x 8' 2")) Tiled frloor, arch to: Kitchen (2.6m x 1.47m (8' 6" x 4' 10")) UPVC double glazed window to rear, fitted with a range of modern eye and base level units providing ample working surfaces and comprising a stainless steel sink unit with mixer tap, space for oven and further domestic appliances, partly tiled walls.
Exterior: There are attractive, well maintained communal gardens and off road parking areas. Agents Note: This property has a lease with 63 years remaing, hence the availaibility to cash buyers only.
Service Charge: £102 per month Ground Rent: £160 per annum Council: Rochford District Council Tax Band: B
Value & comps
No previous sales on record.
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 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
Agent & docs
FAQ
About 61, Lesney Gardens, Essex
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