Auction
Auction date passed
This lot went to auction on 8 October 2026 (14 days ago) but remains listed. It was still on the portal today. That usually means it didn’t sell — it may now be available by private treaty or head to a future auction. Worth confirming current availability with the agent.
House · SS0 7NB
For saleListed 35 daysAuction 8 Oct · unsold, still listed
Opportunity summary
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About
FOR SALE BY PUBLIC AUCTION ON THURSDAY, 8TH OCTOBER 2026 AT 12.00PM NOON. LIVE STREAMED VIA DEDMAN GRAY WEBSITE.
BIDDING AVAILABLE BY TELEPHONE, PROXY AND ONLINE FREEHOLD GROUND RENT INVESTMENT: Freehold of a detached building arranged as four self contained flats with long leases and side plot A Freehold investment secured against a detached building arranged as four self contained flats with long leases.
There is also a side plot offering potential for development, subject to all necessary consents and two parking spaces, currently let. Flat 1: Lease dated 20th April 2018 for a term of 125 years.
Ground Rent £250 per annum for the first 25 years, then £500 per annum for the following 25 years and £1,000 per annum for the remainder. Flat 2: Lease dated 20th April 2018 for a term of 125 years.
Ground Rent £250 per annum for the first 25 years, then £500 per annum for the following 25 years and £1,000 per annum for the remainder. Flat 3: Lease dated 20th April 2018 for a term of 125 years.
Ground Rent £250 per annum for the first 25 years, then £500 per annum for the following 25 years and £1,000 per annum for the remainder. Flat 4: Lease dated 8th June 2018 for a term of 125 years.
Ground Rent £250 per annum for the first 25 years, then £500 per annum for the following 25 years and £1,000 per annum for the remainder. Thus producing £1,000 per annum rising.
TENANCY Two parking spaces are currently let at a rent of £80 per calendar month (£960 per annum). Please refer to the Legal Pack for further details. Side plot: 23' x 110' (7.01m x 33.
52m) potential for development subject to all necessary consents. Please note, sizes taken using a digital mapping system. Interested parties are advised to rely on their own enquiries.
We have been advised that there is separate Landlord's electricity supply. It is located to the rear left side of the building in a cupboard and could be used for any new building on the site.
Value & comps
No previous sales on record.
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Returns
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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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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 Freehold of, 23 Preston Road, Westcliff-on-Sea, Southend-on-Sea, SS0 7NB
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