Modern Method of Auction
Auction date not yet published
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 work2-bedroom flat · CO15 1FJ
For saleReduced £5k (−5%) on 26 OctListed 261 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Being sold via Secure Sale online bidding. Terms & Conditions apply.
Starting Bid £100,000 Boydens are excited to present this impressive two-bedroom penthouse apartment located on the highly sought-after Marine Parade West, Clacton on Sea.
Boasting unrivaled, panoramic views of Clacton’s coastline, this spacious home offers a blend of modern living and seaside tranquility.
Inside, you’ll find generous living spaces, including a large 16’ lounge that’s perfect for entertaining or relaxing while enjoying the stunning views.
There is a modern, fully-equipped kitchen, while the two spacious double bedrooms provide comfort and privacy, with the master suite offering the luxury of an en-suite bathroom.
A stylish family bathroom further complements the accommodation. Additional benefits include gas central heating, double glazing, and an allocated parking space.
This property offers a fantastic opportunity for investors as sold with tenant in situ. Don’t miss your chance to own this coastal gem – available now via online auction.
ACCOMMODATION: HALLWAY LIVING ROOM – 16’7 max x 12’7 max KITCHEN – 13’6 max x 12’11 max BEDROOM ONE – 16’7 max x 12’5 max EN SUITE BEDROOM TWO – 13’11 max x 12’8 max BATHROOM PARKING TYPE – ALLOCATED PARKING SPACE UTILITIES: Gas Central Heating Mains Electric Mains Water Mains Sewerage LEASE INFORMATION: LEASEHOLD WITH A SHARE OF THE FREEHOLD Length of lease – 999 years from January 2010 - approximately 984 years remaining Service charge for flat approximately - £2,034.14 Ground rent – N/A Local Authority – Tendring District Council Construction Type – Brick built Property Accessibility – flat is on the third floor.
No lift in block Broadband Availability - Superfast Broadband Available with speeds up to 1100mbps (details obtained from Ofcom Mobile and Broadband Checker) – April 2025 Mobile Coverage – Based on the details obtained from Ofcom Mobile and Broadband Checker, the availability of mobile service is: EE (Voice - Limited, Data - None), O2 (Voice - Limited, Data - Limited), Vodafone (Voice - Limited, Data - Limited) & 3 (Voice - Limited, Data - Limited) – April 2025.
Flood Risk - Data Taken from Gov.UK Flood Map.
The property is located in an area that has a very low probability of flooding from rivers and the sea and a very low probability of flooding from surface water - Checked April 2025 Planning Applications in the Immediate Locality - We are not aware of any planning applications in the immediate locality - Checked April 2025 MONEY LAUNDERING REGULATIONS - Please be advised that all purchasers will need to adhere to currents laws of money laundering and therefore will need to provide Boydens Estate Agents photographic identification and proof of residency identification before any transaction is started to comply with the legislation Auctioneers Additional Comments Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.
This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.
The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via the Marketing Agents or via The Auctioneers website.
Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both any marketing agent and The Auctioneer in order that all matters can be dealt with effectively.
The property is being sold via a transparent online auction.
In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures.
Bids can be submitted at any time and from anywhere. Our verification process is in place to ensure that AML procedure are carried out in accordance with the law.
The advertised price is commonly referred to as a ‘Starting Bid’ or ‘Guide Price’, and is accompanied by a ‘Reserve Price’.
The ‘Reserve Price’ is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the ‘Guide Price’ / ‘Starting Bid’.
A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding.
The Legal Pack will also outline the buyers’ obligations and sellers’ commitments.
It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
Auctioneers Additional Comments In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price of the property.
The deposit will be a contribution to the purchase price.
A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) is also required to be paid upon agreement of sale.
The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.
Both the Marketing Agent and The Auctioneer may believe necessary or beneficial to the customer to pass their details to third party service suppliers, from which a referral fee may be obtained.
There is no requirement or indeed obligation to use these recommended suppliers or services.
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
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.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 Marine Parade West, Clacton on Sea
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