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See how verdicts work2-bedroom flat · SS1 3AZ
For saleReduced £25k (−6.7%) on 12 SepListed 559 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Abbotts are delighted to introduce this magnificent ground floor flat situated in an exclusive location just moments from the charming Thorpe Bay seafront, to make an equally impressive home for young professionals, those seeking to downsizes in style, or an extravagant weekend retreat by the sea.
This stunning home offers bright, well presented and well proportioned accommodation comprising two double bedrooms that are served by an en-suite bathroom and a further shower, that is accompanied by a spacious front lounge for both reception and dining space, plus a well equipped modern refitted kitchen.
The well maintained 80ft shared garden with your own direct access provides outside space. And the front driveway gives allocated parking.
This attractive conversion boasts period bay windows and high level ceilings that enhance to the spacious feel.
And further benefits from bespoke fitted storage, gas central heating, a long 163 year remaining lease term and is conveniently positioned with easy access to Thorpe Bay Broadway & Station and is well connected to the nearby bustling Southend City centre.
An early viewing comes highly recommended to avoid missing out on this fantastic and rarely available opportunity.
Entrance Communal front door opening to a communal entrance lobby with the apartment front door. Entrance Hall Front door opening to the communal lobby, picture rail, wood flooring, radiator.
Lounge 5.8m (into bay) x 4.11m - 19' (into bay) x 13'6" - Bay set to the front with uPVC double glazed sash style windows, high level ceiling with a ceiling rose, bespoke fitted storage and shelfing, picture rail, wood flooring, radiator.
Kitchen (3.07m x 2.67m) 10'1" x 8'9" - Refitted with a range of wall and base level units and drawers, fitted 'Quartz' worktops with matching upstands, recessed one and a quarter bowl sink with a mixer tap and grooved drainer, 'Bosch' electric oven, gas hob with an overhead extractor, integrated fridge/freezer and dishwasher, space for a washing machine, cupboard with the home's gas combination boiler, spotlights, tiled flooring, uPVC double glazed window set to the side, side door opening to the sideway with access to the front and rear gardens.
Bedroom One (3.73m x 3.35m) 12'3" x 11' - UPVC Double glazed windows and French doors set to the rear and opening to the shared rear garden, fitted wardrobes, high level ceiling, picture rail, radiator.
Bedroom Two (3.1m x 2.67m) 10'2" x 8'9" - UPVC Double glazed window set to the side, high level ceiling, picture rail, radiator, door to the en-suite bathroom.
En-Suite Bathroom Panel enclosed bath, low level W/C, wash hand basin with a vanity unit, heated towel rail, complementary half tiled walls, four uPVC double glazed obscure windows set to the rear and side.
Shower Room (2.34m x 2.08m) 7'8" x 6'10" - Enclosed double shower with tiled splashbacks, low level W/C, wash hand basin with a vanity unit, heated towel rail, wood panelled lower walls, tiled flooring, spotlights, extractor fan.
Shared Garden 80ft approx - Well maintained rear garden which is shared with the first floor flat residents.
Hard standing patio area to the of the property, steps down to the lawn which is complemented with trees and plants, shed to the rear, side access.
Parking Front driveway with allocated parking for one vehicle.
Agents Note Lease Term - 163 years remaining Ground Rent - £150 p/a Management Charge - £250 p/a Buildings Insurance Contribution - £240 p/a Council Tax - Band C
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
Agent & docs
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FAQ
About 12a,, Gloucester Terrace, Essex
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