1-bedroom flat · SS8 9RX
Sold STCListed 130 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
NO ONWARD CHAIN Facing Canvey’s Picturesque Lake – Spacious One Bedroom Ground Floor Flat Positioned directly opposite Canvey's beautiful lake and offering far more space than your average one-bedroom property, this extended Ground Floor Flat is a real gem.
Boasting its own private entrance door, a generous side garden, and double-glazed windows, it ticks all the right boxes.
Access is conveniently available via a service road off Parklands, which itself leads from Hilton Road.
Inside, the property offers an ‘L’-shaped lounge/diner, surprisingly spacious and welcoming, with patio doors opening out to the front.
To the rear, you’ll find the master bedroom, as well as an extended kitchen complete with an oven and hob to remain. The real bonus?
A private side garden, directly accessible from within the property—perfect for a quiet sit-down with a cuppa or a spot of al fresco dining.
Whether you're a first-time buyer looking to get on the ladder, or an investor after a reliable rental opportunity, this is one not to be missed.
'L' Shaped Lounge - 7.39m x 4.80m (24'3 x 15'9) - Irregular in shape, double glazed patio doors at the front, ample space for dining room table, electric heater, laminate flooring, flat plastered ceiling, spotlights, open to kitchen, door to bathroom, and main bedroom.
Kitchen - 4.88m x 2.29m (16' x 7'6) - Larger than average for this style of properties, double glazed window to the rear elevation, double glazed window to the side elevation plus a door connecting onto the private garden, split level with wood laminate style flooring, a range of wood style fronted units and drawers at base level and worksurfaces over, inset sink, inset ceramic hob with oven under and overhead extractor, tiling to splashback, matching units at eye level, wall mounted electric heater, storage cupboard.
Bedroom One - 3.58m x 2.87m (11'9 x 9'5) - Off of the lounge, double glazed to rear elevation, radiator, laminate flooring, coving to ceiling with inset spotlights.
Bathroom - Obscured double glazed window to side elevation, white three piece suite comprising panelled bath with shower screen, pedestal wash hand basin, low level wc, tiled to walls.
Exterior - Gate connecting to the side garden, which is enclosed by fencing, a shed, a patio area, and access to the kitchen.
Please Note: We are advised that the Ground Rent charges are £322.75 per year. This information is currently awaiting formal verification.
Lease 199 years from July 1974 as per the title plan there is a car parking space near the property
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
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FAQ
About Lakeside Path, Canvey Island
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