1-bedroom flat · SS3 9UU
Sold STCListed 36 daysAuction 8 Oct · ended
Opportunity summary
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About
FOR SALE BY PUBLIC AUCTION ON THURSDAY, 8TH OCTOBER 2026 AT 12.00PM NOON. LIVE STREAMED VIA DEDMAN GRAY WEBSITE.
BIDDING AVAILABLE BY TELEPHONE, PROXY AND ONLINE BUY TO LET INVESTMENT: A LEASEHOLD ONE BEDROOM GROUND FLOOR FLAT WITH TENANT IN SITU AN IDEAL BUY TO LET INVESTMENT WITH 7% YIELD OF THE GUIDE PRICE A spacious one bedroom ground floor flat which is let and close to local amenities such as shops and restaurants.
The flat is a 15 minute walk to Shoeburyness Railway station and a 20 minute walk from East Beach. It is considered that the property would be an ideal buy to let investment.
Entrance Hall Lounge/Diner - 16'7 x 12'4 Kitchen - 9'4 x 5'8 Bedroom - 14'7 x 8'1 Bathroom/WC - 10'10 x 5'8 The property is currently let on an Assured Shorthold Tenancy agreement with a monthly rent of £650 (£7,800 per annum).
It is considered that the current rental figure is below market value.
A 158 year lease commenced on 14th November, 2019 with 151 years remaining We are advised that the flat is let at £650 p/c/m and the tenancy agreement will be provided - please refer to the legal pack Please refer to the legal pack Dedman Gray Auctions Ltd have not visited or carried out an inspection of these premises.
All information shown on this page has been provided to us by the vendor. D
Value & comps
No previous sales on record.
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Returns
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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
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FAQ
About Flat 4A, 21 The Renown, Shoeburyness, Southend-on-Sea, Essex, SS3 9UU
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