2-bedroom flat · SS16 5GH
For saleReduced £20k (−9.1%) on 21 JunListed 421 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
• no onward chain • situated 0.2 miles to basildon C2C station, providing easy access to london fenchurch street • two double bedrooms • en-suite • family bathroom/WC • allocated parking • council tax band: C Lease Remaining: 108 years approx.
Service Charges: £650 per quarter. Ground Rent: £400 per annum. Entrance Via Entrance door to: Entrance Hall Storage cupboard housing hot water cylinder, doors to accommodation.
Bedroom One With En-Suite Bedroom: 13'2 reducing 10'8 x 10'2. Double glazed window to rear, radiator, carpet, smooth ceiling, door to: En-suite: 6' x 5'6.
Suite comprising: Corner shower cubicle with wall mounted shower, pedestal wash hand basin with mixer tap, low level wc with push flush.
Radiator, lvt flooring, part complementary tiling to walls, smooth ceiling. Bedroom Two 13'2 x 8'7. Double glazed window, radiator, carpet, smooth ceiling. Family Bathroom/wc 7'4 x 5'6.
Suite comprising: Panelled bath with mixer tap, pedestal wash hand basin with mixer tap, low level wc with push flush.
Heated towel rail, lvt flooring, part complementary tiling to walls, smooth ceiling with inset spotlights. Lounge/Diner/Kitchen 25'4 reducing to 22'8 x 12'9 reducing to 10'4.
Lounge area: Two double glazed windows to rear, radiator, carpet, smooth ceiling.
Kitchen area: Double glazed window to front, range of base level units and drawers with work surfaces over, inset sink drainer unit with mixer tap, integrated Bosch oven and gas hob with extractor hood over, Candy washing machine to remain, integrated dishwasher, range of matching eye level cupboards, lvt flooring, smooth ceiling.
Exterior Communal gardens. Residents parking. Buyers Information Pack Please see below the link to access the Buyers Information Pack/ta forms: E6d84c7a
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 7,, Faraday Court, Basildon
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