Modern Method of Auction
Auction date not yet published
We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work3-bedroom house · SS8 8LR
For saleListed 92 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Description Accommodation comprises: Entrance hall, lounge, kitchen/breakfast room, reception room/bedroom three, ground floor shower room, two first floor bedrooms, first floor WC, garage.
Tenure: Freehold Introduction Offered for sale via auction with the benefit of a tenant already in occupation, this attractive chalet-style home represents an excellent opportunity for landlords seeking an immediate income-producing investment.
The property currently generates £13,200 per annum in rental income, allowing the successful purchaser to benefit from a return from day one without the uncertainty of sourcing a tenant.
Situated in the popular Hannet Road, close to the Smallgains area of Canvey Island and its range of local amenities, schools and transport links, the property offers spacious and versatile accommodation that continues to make it an appealing rental proposition Ground Floor The accommodation comprises a welcoming lounge to the front of the property, providing a comfortable main living area.
To the rear is a well-proportioned kitchen with a dedicated breakfast area, creating an ideal space for everyday dining.
One of the key features of this chalet-style home is the additional ground floor reception room, offering valuable flexibility and making the property more versatile than a traditional two-bedroom home.
Whether utilised as a dining room, home office or additional sitting room, it provides adaptable living space that broadens the property's appeal.
A modern ground floor shower room completes the accommodation on this level First Floor The first floor offers two generously proportioned bedrooms together with a convenient WC, providing practical accommodation for the current tenancy.
The chalet-style design creates comfortable living space while maintaining a layout that has proved attractive to tenants.
Outside Externally, the property enjoys a particularly wide rear garden, providing excellent outdoor space.
A garage offers additional storage or parking, while the driveway to the front provides valuable off-road parking.
Situated in a well-established residential location close to shops, schools and everyday amenities Agents Note This property is being offered for sale via auction with the tenant remaining in occupation.
The current rental income is £13,200 per annum.
Prospective purchasers should satisfy themselves with regard to the tenancy and auction conditions prior to bidding Measurements And Other Features Lounge: 14'6 x 11'10 Kitchen/Breakfast Room: 18'7 x 7'6 Dining Room/Bedroom 3: 10'9 x 6'10 Ground floor shower room Bedroom 1: 14'7 x 11'3 Bedroom 2: 11'11 max x 9'7 Garage and Drive Rear garden Auction Notes 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 procedure 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.
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 procedure are carried out in accordance with the law.
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.
Auctioneers Additional Comments 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 of up to 6% inc VAT (subject to a minimum of 6,000 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 service
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
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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
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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
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FAQ
About 60 Hannett Road, Canvey Island
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