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See how verdicts work1-bedroom flat · SS3 0GF
Sold STCListed 103 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
40% shared ownership.
A beautifully presented ground-floor apartment offered through a shared-ownership scheme, featuring stylish open-plan living, direct access to communal gardens and allocated off-street parking.
The heart of the home is the bright and spacious open-plan kitchen, dining and living area.
Enjoying plenty of natural light, the room provides excellent space for relaxing and entertaining, while French doors open directly onto a private patio area and the landscaped communal garden beyond.
The contemporary fitted kitchen includes attractive shaker-style units, marble-effect work surfaces and a range of integrated appliances, creating a modern and practical space.
Herringbone-effect flooring continues through the principal living areas, adding to the apartment’s stylish finish.
The generously sized double bedroom is well presented and benefits from fitted wardrobe storage and attractive feature wall panelling.
The modern bathroom includes a three-piece suite with a bath and shower above, vanity wash basin, heated towel rail and marble-effect tiling.
Further benefits include useful internal storage, an allocated parking space, additional visitor parking, communal cycle and bin storage and direct ground-floor access to the gardens.
Situated within the popular Abbey Meadows development in Great Wakering, the property combines a peaceful, semi-rural setting with convenient access to local shops, schools, bus routes and everyday amenities.
Shoeburyness and Thorpe Bay railway stations are also within easy reach, offering connections into Southend and London, while the Essex coastline and surrounding countryside provide plenty of opportunities for walking and outdoor activities.
This attractive shared-ownership home would make an excellent opportunity for a first-time buyer looking to take their first step onto the property ladder.
SHARED OWNERSIP 40% To be eligible for the Shared Ownership scheme, the buyer generally needs to meet the following criteria: Their annual household income can be no more than £80,000 (£90,000 in London).
They are unable to purchase a home suitable for your needs without assistance. They cannot be a current homeowner (or be named on the deeds of another property).
They must not have any outstanding credit issues (i.e. unsatisfied defaults or county court judgments).
Value & comps
No previous sales on record.
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 asking
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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
FAQ
About Turbot Drive, Great Wakering, Southend-on-Sea
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