2-bedroom house · CO15 3QX
For saleListed 219 days
Opportunity summary
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About
OVER 55s - SHARED OWNERSHIP OF 70% WITH NO RENT TO PAY ON THE REMAINING 30%.
This 2-bedroom ground floor flat is for sale in Clacton-on-Sea and is designed for over 55's only, offering a practical layout in good condition and a convenient setting close to local amenities and green spaces.
Inside, the flat provides one reception room and one kitchen, giving clearly defined areas for relaxing, dining and everyday living. There is a bathroom serving the two bedrooms.
The property also benefits from a communal launderette, adding useful shared facilities within the development. The EPC rating is D.
The location places you within easy reach of Clacton’s shops, supermarkets and services, with the town centre and seafront offering a range of cafés, restaurants and everyday conveniences.
Nearby green spaces provide opportunities for gentle walks and fresh air, including local parks and the wider coastal area.
Clacton-on-Sea railway station gives access to Colchester, Chelmsford and London Liverpool Street, with typical journey times to London of around 1 hour 30 minutes, making it a viable option for visiting family or trips into the city.
Local bus routes also connect residential areas with the town centre, medical facilities and the seafront.
This flat for sale presents a straightforward option for those over 55 seeking a ground floor home in Clacton-on-Sea with access to local amenities, transport links and coastal green spaces.
EPC rating: D. Tenure: Leasehold, Length of lease (remaining): 99 years 9 months, Communal Entrance Hallway Double glazed entrance hallway. Entry phone system.
Airing cupboard, cupboard, large walk in cupboard Living Room 12'5" x 11'9" (3.78m x 3.58m) UPVC double glazed windows with additional secondary glazing to side and rear aspects.
Electric wall mounted heater. Kitchen 12'5" x 7'3" (3.78m x 2.21m) UPVC double glazed windows to side.
Fitted kitchen comprising of cream fronted floor and wall mounted units, wood effect rolled edge work surface. Inset stainless steel sink and drainer with a mixer tap. Tiled splash backs.
Space for cooker and fridge freezer. Bedroom One 12'10" x 9'10" (3.91m x 3m) UPVC double glazed windows to the front with views of grass area. Wall mounted electric heater.
Bedroom Two 12'7" x 6'1" (3.84m x 1.85m) UPVC double glazed windows to the rear. Wall mounted electric heater. Bathroom Double glazed window facing back.
Fitted with corner shower cubical with wall mounted electric shower. Hand basin. W.C. Electric heated towel rail. Tiled walls Outside Communal parking areas. Communal gardens to front and back.
Communal bin & drying area. Laundry room (costs apply Large lawn area to front of the building and garden areas.
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.
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FAQ
About Olivers Close, Clacton-On-Sea, CO15
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