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 work1-bedroom flat · SS4 1PU
For saleReduced £10k (−11.1%) on 13 OctListed 82 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
**guide price £90,000** A superd and rarely available 'one bedroom' first floor retirement apartment, part of the sought after, town centre 'Ormond House' development, which is being offered with no onward chain, to make a fabulous home ideal for those looking to downsize in comfort.
This marvellous property for those aged 60 and over, is bright and well presented throughout, with the all round generously proportioned accommodation comprising; a large living room with space for lounge and dining areas and double doors opening to the well equipped integrated kitchen, two double bedrooms including a versatile second bedroom which could be utilised as a dining or hobby room, plus a fitted bathroom.
This excellent flat further benefits plenty of built-in storage, an emergency pull cord system and a house manager, electric storage heating, many communal facilities and is conveniently located close to Rochford Square with it shops, weekly market and bus services, plus being just a short walk from Rochford Station.
The property is being offered 'chain free' and for sale buy a 'Modern Method of Auction', suitable for both cash and mortgage buyers and ideal for those seeking a secure and quick move.
• For Sale by 'Modern Auction' - T & c's apply • Subject to undisclosed Reserve Price • Buyers fees apply • The Modern Method of Auction This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period").
Interested parties personal data will be shared with the Auctioneer (iamsold). If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT.
This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00.
These services are optional.
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
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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
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FAQ
About Flat 26, Ormond House,, Roche Close, Essex
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