2-bedroom flat · CO15 2GD
Sold STCListed 331 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Featuring picturesque coastline and sea views, this two bedroom first floor flat with balcony is being sold with an extended lease and no onward chain.
The property also benefits from an integral garage and utility room on the ground floor.
Council Tax Band: B Tenure: Leasehold (76 years) Ground Rent: £100 per year Service Charge: £800 per year The property will be sold with a lease extension which is already in process and subject to being registered.
Details with approximate only room sizes Access via communal entrance door to communal entrance hall solely serving Flats 1 & 2.
Private ground floor door to utility room, stair flight to first floor with further private door Entrance Hall Cupboard, doors to Lounge w: 3.28m x l: 4.93m (w: 10' 9" x l: 16' 2") Electric storage heater, double glazed sliding doors to balcony with coastal views, door to Kitchen w: 2.16m x l: 3.86m (w: 7' 1" x l: 12' 8") Fitted with a range of white painted fronted units comprising laminated rolled edge work surfaces with cupboards and drawers below, matching eye level cupboards, fitted oven, hob and extractor hood, tiled splash backs, electric heater, double glazed rear window Bedroom 1 w: 3.23m x l: 3.76m (w: 10' 7" x l: 12' 4") Electric heater, double glazed front window with seafront views Bedroom 2 w: 2.67m x l: 3.45m (w: 8' 9" x l: 11' 4") Double glazed window to rear Bathroom w: 1.7m x l: 2.01m (w: 5' 7" x l: 6' 7") White suite comprising of panelled bath with mixer tap, pedestal wash hand basin, low level WC, tiled splash backs, extractor fan, double glazed side window Utility Room w: 2.16m x l: 3.45m (w: 7' 1" x l: 11' 4") Located on ground floor with hot water cylinder, work surface with sink, double glazed rear window, internal door to Garage w: 3.51m x l: 5.26m (w: 11' 6" x l: 17' 3") Power and light connected, up and over door to front Outside The complex is accessed via a remote electric barrier which provides access to communal parking area, communal gardens plus parking in front of personal garage.
Material Information Tenure: Leasehold Council tax band: B Any known additional property charges: Service charge and ground rent Non-standard property features to note: No Disclosures to declare: None known Gas: No Electricity: Connected Water: Connected to mains Sewerage Type: Connected to mains Broadband: Connected Mobile coverage: Yes - Please refer to checker.ofcom.org.uk Flood Risk: Surface water: Very Low Rivers and the sea: Medium Other flood risks: Groundwater: Flooding from groundwater is unlikely in this area.
For more information visit: Reservoirs: Flooding from reservoirs is unlikely in this area.
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.
Area
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FAQ
About Seafront Flat, April's View, Belsize Avenue, Jaywick, Clacton-on-Sea
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