1-bedroom flat · SS16 4NW
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
** ATTENTION INVESTORS, CASH BUYER ONLY ** GUIDE PRICE £90,000 - £100,000 ** Cowling & Payne bring to the market, this one-bedroom, ground floor apartment which is particularly suited to investors with a cash buyer only requirement due to a low lease & sitting tenant in situ.
Current tenancy is under an AST paying £900.00 pcm. The property comprises a double bedroom, reception room, kitchen and bathroom, providing a practical layout for ongoing rental use.
It also benefits from having its own front door rather than needing access via the communal entrance.
Location wise it benefits from its position within Basildon, offering access to a range of local amenities, including supermarkets, everyday shops and leisure facilities in and around the town centre.
Basildon is also home to popular green spaces such as Northlands Park and Gloucester Park, providing opportunities for walking, cycling and outdoor recreation.
Public transport links are a key benefit of the area. Basildon & Pitsea railway stations are located a short drive away, offering regular services to London Fenchurch Street.
Services also run towards Southend and other parts of south Essex. Local bus routes connect surrounding neighbourhoods with the town centre, retail parks and nearby hospitals.
Road links are convenient, with access to the A13 & A127, providing routes towards London, Southend and the wider Essex road network.
The lease has 59 years remaining, interested parties should contact the office for information on a potential lease extension.
Leaseholder has confirmed lease can be extended by a further 90 years with the reduction of ground rent to a peppercorn.
Overall, this flat represents an opportunity for investors seeking an established rental property in Basildon with existing tenant and transport connections.
Own Front Door - Lounge - Bedroom - Bathroom - Kitchen - Communal Gardens -
Value & comps
No previous sales on record.
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Returns
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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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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 Kingswood Court, Clayhill Road, Basildon
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