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 work2-bedroom flat · CO14 8SN
Sold STCListed 234 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Being sold via Secure Sale online bidding. Terms & Conditions apply. Starting Bid £55,000 A spacious two-bedroom first floor flat offering excellent potential for improvement.
The property requires modernisation throughout but provides generous accommodation, including a bright living room, well-sized kitchen, two good bedrooms and a bathroom.
Well located for local amenities and transport links, it represents an appealing project for investors or buyers seeking to add value. Early viewing is advised.
LEASE INFORMATION: We have been advised that there is approximately 57 years remaning In relation to service charge and ground rent this would be advised in the legal pack provided by Pattinson Auctions Local Authority – Tendring District Council.
Broadband Availability –Superfast Broadband available with speeds of up to 56 Mbps (details obtained from Ofcom Mobile and Broadband Checker) – November 2025 Mobile Coverage - It is understood that the best available service in the area is provided by EE with 81% performance.
VODAFONE, O2 and THREE all also cover the area with lower performance ratings.
(details obtained from Ofcom Mobile and Broadband Checker) November 2025 Utilities - Mains Electric / Mains Gas Heating / Mains Water /Mains Sewerage.
Construction Type - We understand the property to be of Traditional Construction of brick.
Flood Risk - Data Taken from Gov.UK Flood Map – checked November 2025 - The property is at a Very Low risk of flooding.
Planning Applications in the Immediate Locality - Checked November 2025 - We are not aware of any planning applications in the immediate locality.
MONEY LAUNDERING REGULATIONS - Please be advised that all purchasers will need to adhere to current laws of money laundering and therefore will need to provide Boydens Estate Agents photographic identification and proof of residency identification before any transaction is started to comply with the legislation.
Auctioneers Additional Comments 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’.
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
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
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 Gatefield Court, Walton on the Naze
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