2-bedroom flat · SS14 1FG
For saleListed 481 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
The Icon, Southernhay, Basildon, Essex, Ss14 This two bedroom apartment in Southernhay offers a unique investment opportunity for cash buyers.
The property is being sold with tenants already in place, making it an ideal purchase for those looking to expand their rental portfolio.
With two spacious double bedrooms and a communal garden, this leasehold apartment provides both comfort and practicality.
Located next to Basildon station and the town centre, the apartment boasts excellent transport links and access to local amenities.
Secure allocated parking adds convenience for residents, while the concierge service at the entrance lobby enhances security and ease of living.
Built in 2008, the property offers modern living spaces within its 58m2 area. The apartment's first-floor position provides easy access without compromising privacy.
With its central location, residents can enjoy all that Basildon has to offer, from shopping to dining and entertainment.
This competitively priced property represents a rare opportunity in today's market. Act quickly to secure this investment opportunity.
Communal Entrance The communal lobby is accessed via a secure communal entrance door, with stairs and a lift leading to the third floor.
Entrance Hall Private entrance leads to a hallway with laminate flooring, smooth ceiling, built in storage cupboard Open Plan Lounge / Kitchen 20'7" x 11'7" (6.29m x 3.55m) Lounge Double glazed window, smooth ceiling, wall mounted heater Kitchen Fitted with a range of wall mounted and base level units, roll top work surfaces with sink and drainer unit incorporated, integrated oven and hob with extractor hood over, integrated fridge freezer and dishwasher, smooth ceiling, laminate flooring Bedroom One 13'8" x 8'9" (4.19m x 2.67m) Double glazed window, smooth ceiling, wall mounted heater Bedroom Two 13'8" x 9'4" (4.19m x 2.86m) Double glazed window, smooth ceiling, wall mounted heater Bathroom 7'1" x 5'5" (2.18m x 1.67m) Three piece suite comprising of a low level wc, wash hand basin inset vanity unit and panelled bath, part tiled walls and tiled flooring, heated towel rail, smooth ceiling.
Parking The property comes with an allocated parking space within a secure car park. Disclaimer Gibson and Brennan are the seller's agent for this property.
Your conveyancer is legally responsible for ensuring any purchase agreement fully protects your position.
We make detailed enquiries of the seller to ensure the information provided is as accurate as possible. Please inform us if you become aware of any information being inaccurate.
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A non-refundable fee of £50 + VAT per buyer in the transaction will apply. This fee must be paid before proceeding with the purchase.
Value & comps
No previous sales on record.
Returns
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We're still gathering serviced-accommodation data for this area.
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 Flat 1, The Icon, Basildon
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