Modern Method of Auction
Auction date not yet published
2-bedroom flat · SS2 4LJ
For saleListed 72 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This super two bedroom first floor flat, fully electric and with its own private outdoor space is a great purchase for many. Being sold via Secure Sale online bidding. Terms & Conditions apply.
Starting Bid £160,000. Can still buy with a mortgage. Whether you’re a First Time Buyer, downsizer or indeed investor - there’s lots to like about this property.
With its long lease, around 180 years remain, share of the Freehold and the fact that it’s in a great, move-in ready condition - with No Onward Chain - this is a fast and easy route to your new home.
Located in a quiet but central area with all the necessary amenities nearby, plenty of links to public transport including a choice of train stations, and local schools if needed.
With easy and nearby access to the seafront (less than two miles away), the busy High Street (1 1/2 miles away) and multiple leisure activities whether that is cinema and eating out or long walks in parks and green spaces everything you need is within reach.
Important Information - Important information: The property was built as a semi-detached property approximately early 1900s with a solid wall construction and tile roof.
It has subsequently been adapted to provide two separate homes and the Freehold is shared with the flat below with an approximate £200pa cost to cover communal costs.
Full details can be found in the auction pack Facilities at the property include: main services - electricity, water; ultra fast broadband from multiple providers; mobile coverage currently mainly supported by EE and 3 but 02 and vodafone also cover the area Council Tax Band A - currently £1504pa 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 procedures 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’ . These prices are subject to change.
An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction.
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.
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 up to 6% inc VAT (subject to a minimum which could be up to £7,200 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. Access is via a private side door taking you inside the home and straight up the stairs.
Room Information: Lounge - 4.18m x 2.9m ( 13'8" x 9'6" ) - painted walls, laminate flooring, into wide bay window to the rear Kitchen - 3.4m x 2.4m (11'1" x 7'10" ) - painted walls with contrast tiling, warm wood fitted cabinets, worktop to two sides, integrated induction hob and electric oven, space for fridge/freezer and washing machine Bedroom One - 3.6m x 3.2m (11'9" x 10'5") - : nice sized double room, painted walls, carpeted with window to the front and feature window to the side Bedroom Two - 2.1m x 3.6m (6'10" x 11'9" ) - good sized single room, painted walls, carpeted with window to the front Bathroom : - 1.6m x 1.3m (5'2" x 4'3" ) - : painted walls, tiled around bath/shower, tiled floor, corner wc, hand wash basin and compact bath with electric shower and screen Garden : - 4.5m x 5.5m - (14'9" x 18'0" -) - private outside space, low maintenance shingle cover and shed
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 Rylands Road, Southend-On-Sea
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