2-bedroom flat · SS2 5PW
Sold STCListed 209 daysAuction 16 Apr · ended
Opportunity summary
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About
FOR SALE BY PUBLIC AUCTION ON THURSDAY, 16TH APRIL 2026 AT 12.00PM NOON. LIVE STREAMED VIA DEDMAN GRAY WEBSITE.
BIDDING AVAILABLE BY TELEPHONE, PROXY AND ONLINE RESIDENTIAL/BUY TO LET INVESTMENT: A VACANT FIRST FLOOR FLAT WITH TWO BEDROOMS, GARAGE IN BLOCK AND LOCATED CLOSE TO PRITTLEWELL STATION.
Spacious two double bedroom first floor flat in a popular purpose-built block boasting 17' x 13'1 Living Room & 17' x 8'6 Kitchen/Dining Room, both with open views of Victory Sports Ground.
With garage-in block, communal parking, built-in wardrobes, gas central heating, uPVC double glazing throughout, no onward chain Entrance Hall Lounge 17'0 x 13'1 Kitchen/diner 17' x 8'6 Bedroom One 16'4 x 8'8 Bedroom Two 11'10 x 8'11 Bathroom Garage in block The 125 year lease commenced on 11th April, 1988 with 87 years remaining.
The seller's not been able to provide a recent statement but the estimated Service Charge from 1st April 2023 - 31st March 2024 was £1208.28 (although the actual Service Charge for the period was £1561.06) and the Ground Rent is £10 per annum.
Please refer to the legal pack for full details of any service / maintenance charges, ground rent costs C
Value & comps
No previous sales on record.
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Returns
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We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below starting price
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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 Flat 10 The Mulberrys, Sutton Road, Southend on Sea, Essex, SS2 5PW
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