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See how verdicts work2-bedroom flat · SS16 4TY
Listing removedReduced £10k (−4.5%) on 21 JunListed 180 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Waterville Drive, Vange, Basildon, Essex, Ss16 This well presented two-bedroom ground floor apartment in Vange, Essex, offers a modern interior finished to a high standard.
It presents a perfect opportunity for first-time buyers, coming fully furnished, and with long-term value, as the lease is being extended to 158 years on completion.
The location is particularly advantageous for commuters, being ideally situated near Pitsea Train Station, which provides direct routes into London.
The apartment features a bright and spacious lounge, providing a welcoming area for everyday living. The modern interior design ensures a contemporary feel throughout the home.
The kitchen is designed for practical use, complementing the overall modern aesthetic of the apartment. There are two good sized bedrooms, offering comfortable accommodation.
The layout is well thought out, providing distinct living and sleeping areas. The bathroom is also presented to a high standard, consistent with the rest of the property's modern finish.
Externally, the property benefits from communal parking, which is a practical advantage for residents. The ground floor position offers convenient access.
The extended lease provides added long-term value and security for the new owner. Vange is a well-established area within Essex, offering a range of local amenities and good transport links.
Its proximity to Pitsea Train Station makes it an attractive option for those working in London or other major hubs, while still enjoying a suburban lifestyle.
The area provides a balance of convenience and community, making it suitable for various buyers.
This apartment is ready for immediate occupation and represents a sound investment for those looking to enter the property market or seeking a well-located, modern home.
The combination of its condition, location, and the extended lease makes it a compelling option in the current market. Disclaimer Gibson and Brennan are the seller's agent for this property.
Your conveyancer is legally responsible for ensuring any purchase agreement fully protects your position.
We make detailed enquiries of the seller to ensure the information provided is as accurate as possible. Please inform us if you become aware of any information being inaccurate.
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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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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.
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FAQ
About 68 Waterville Drive, Vange, Essex
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