1-bedroom flat · SS2 6HB
Sold STCReduced £10k (−5.3%) on 21 JunListed 168 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Located in Southend on Sea, this one-bedroom, one-bathroom apartment provides an excellent opportunity for those seeking a budget-friendly home.
Positioned on the top floor, it boasts panoramic views from the living area, enhancing the open plan design. The property is leasehold and spans 42.46 square metres, making efficient use of its space.
The apartment benefits from communal car parking and gardens, providing both convenience and a touch of greenery in an urban setting.
Its proximity to local amenities ensures that daily needs are easily met without the need for extensive travel.
Southend Airport is also nearby, offering added convenience for frequent travellers or those who enjoy weekend getaways.
This property combines modern living with affordability, making it an attractive option for first-time buyers or investors looking for a rental opportunity.
Given its strategic location and price point, interest is expected to be high Communal Entrance Stair Well Entrance Hall Large storage/utility cupboard.
Separate storage cupboard Bedroom One (15'5 x 9'9) Window to front with fitted shutters Bathroom (6'5 x 6'3) Suite with bath and shower over Lounge - Kitchen (17'4 x 15'5) Open plan lounge and kitchen with panoramic views, fitted shutters to all windows.
Modern fully fitted kitchen with integrated appliances External Communal parking area and communal lawns Agents Note 99 Years remaining on lease Ground Rent - £10 per year.
Service Charge - £1332 per year
Value & comps
No previous sales on record.
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 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
FAQ
About 55, Lundy Close, Southend on Sea
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