1-bedroom flat · SS16 4PL
Sold STCReduced £15k (−10%) on 21 JunListed 358 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Tenure: Leasehold Temme English are thrilled to present this impressively spacious, one-bedroom, second-floor apartment, offered with the convenience of no onward chain.
The generous internal accommodation includes a welcoming entrance hallway with plenty of storage space, a double bedroom, a spacious bathroom with a shower over the bath, and a bright open-plan living area that combines the lounge, dining, and kitchen spaces.
Further benefits include full double glazing, a secure entry phone system, and ample communal parking nearby.
Located in Basildon, this property is within easy walking distance of local shops, Pitsea town centre, and the train station, with excellent transport links to the A13. Viewings are highly advised!
Spacious One Double Bedroom Apartment Second Floor Location Offered with No Onward Chain Generous Open-Plan Lounge, Kitchen & Dining Area Modern Bathroom with Shower Over Bath Welcoming Entrance Hallway with Ample Storage Fully Double Glazed Windows Secure Entry Phone System Ample Communal Parking Available Nearby Excellent Location – Walking Distance to Pitsea Town Centre & Train Station, with Great A13 Access Measurements: Open Plan Living Area 20’5 × 11’2 Bedroom 13’7 × 8’5 Bathroom 12’0 × 6’4 Entrance Hallway 6’4 × 3’9 Council tax band - A (£1,496) per year EPC rating - D Lease length - 87 years remaining Service charge approx £1,417 per year (inclusice of buildings insurance and ground rent) EPC Rating: D
Value & comps
No previous sales on record.
Returns
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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 120 Polsteads, Basildon
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