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See how verdicts work3-bedroom flat · SS17 7LJ
Sold STCListed 329 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
SOLD AFTER AUCTION Deceptively spacious three bedroom first and second floor maisonette, of interest to cash buyers - 56 years unexpired on the Lease This good sized property benefits from a large open plan living room/kitchen on the first floor and three bedrooms, and family bathroom to the second floor.
There is a full width terrace to the front and a yard/garden with shed to the rear.. Positioned over commercial premises with communal external staircase and accessway to the rear.
The property is well presented- the Lease has 56 years unexpired.
External Concrete communal staircase and walkway lead to First Floor Gate Leads to Rear Garden/amenity area with Timber shed Personal Entrance Door to Open Plan Lounge and Kitchen/Dining area 25'2" x 17' Terrace to front 17' x 5'3" Second Floor Landing doors off to Bedroom 1 14' x 8' Bedroom2 11'4" x 10' Bedroom 3 11'4" x 7' Bathroom/WC 6'2 x 5'11" Council Tax Band B Tenure: Leasehold Lease Details: 99 years from 24th June 1982 EPC Rating: E Administration Fee: £1200 inc VAT payable on exchange of contracts.
Buyer's Premium Fee: £1500 inc VAT payable on exchange of contracts. Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Value & comps
No previous sales on record.
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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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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
FAQ
About 40 St. Johns Way, Corringham, Stanford-Le-Hope, Essex SS17 7LJ
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