1-bedroom flat · SS1 2NT
For saleReduced £10k (−9.1%) on 18 JulListed 242 days
Opportunity summary
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About
Bear Estate Agents are pleased to offer for sale this first floor one bedroom apartment situated within a quiet turning in the heart of Southend.
This property presents an excellent investment opportunity for cash buyers and is ideally positioned for access into Southend town centre, whilst being within easy reach of mainline train links into London, offering strong long term rental appeal.
The property comprises a good size lounge, separate kitchen, double bedroom and bathroom.
While the flat would benefit from a degree of modernisation and tlc, it offers genuine scope for improvement and value enhancement.
Externally there is parking available, adding further practicality for both owner occupiers and tenants alike.
The property is currently tenanted, providing immediate rental income for an incoming investor. Please note the lease length is low and therefore the property is suited to cash buyers only.
An affordable entry point into a highly convenient location with excellent transport links, this is a superb opportunity for those looking to add to their portfolio or secure a well located investment.
Frontage The property is approached by an independent private driveway with parking to the building, private entrance, stairs to first floor and doors to apartment.
Hallway Entered via a solid wood door, doors to main bathroom and lounge, dining kitchen area and bedroom, high ceilings, coving to ceiling edge and power points.
Main Bathroom (1.60m x 1.96m (5'3 x 6'5 )) Tiled flooring throughout, tiled walls, high ceilings with coving to ceiling edge, dual flush WC, pedestal sink, panelled bath unit with over head shower.
Lounge Diner (5.59m x 2.87m (18'4 x 9'5 )) Wall mounted radiator, power points, double glazed window to the front and carpeted flooring throughout.
Kitchen (2.21m x 2.54m (7'3 x 8'4)) Shaker style top and base units, roll top worksurface, tiled flooring, four ring gas hob with extractor fan above, central ceiling light, high ceilings with coving to ceiling edge and tiled splashbacks.
Bedroom One (3.66m x 2.16m (12'0 x 7'1)) Double glazed windows to the front aspect, space for storage, power points and carpeted flooring throughout.
Agents Notes Every care has been taken to ensure the accuracy of these details, however, they do not form part of any offer or contract and should not be relied upon as statements of fact.
Measurement, descriptions and other information are provided in good faith and for guidance only. Prospective purchasers should verify all details independently.
We have not tested any services, appliances or systems at the property.
Tenure - Freehold Council Tax Band - EPC - C Valid until 26 September 2032 Ground Rent - £75 pa Lease Information Original lease term: 99 years Lease commencement date: 1 January 1986 Lease expiry date: 31 December 2084 No Fixed Service Charge, Works Based Annually.
Unexpired term: Approximately 58 years remaining (as of 2026) Ground Rent 50 per year from 1 January 1986 to 31 December 2018 £75 per year from 1 January 2019 to 31 December 2041 £100 per year thereafter
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.
Area
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FAQ
About 10F, Lancaster Gardens, Southend-On-Sea
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