2-bedroom flat · SS14 2LJ
Sold STCListed 24 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Tenure: Leasehold Guide price £210,000 - £225,000 - Temme English are delighted to offer this exceptionally well-presented and generously proportioned two true double bedroom ground floor apartment, situated ever so close to Basildon Town Centre and train station, and offered with the added convenience of no onward chain.
The internal accommodation consists of a welcoming entrance hallway with a handy utility room, a luxury newly fitted kitchen with integrated appliances to remain, a sleek and stylish shower room, a spacious lounge with a private balcony overlooking the pleasant communal gardens, and two generously sized double bedrooms.
This fine home further benefits from full double glazing, an updated combi boiler with warranty remaining, a rear courtyard with storage cupboard, and built-in wardrobes to the main bedroom.
Plenty of permit parking is available nearby, and there are excellent transport links to the A127 and A13. Early viewings are highly recommended.
Two True Double Bedroom Ground Floor Apartment Exceptionally Well Presented Throughout No Onward Chain Luxury Newly Fitted Kitchen With Integrated Appliances Sleek And Stylish Shower Room Spacious Lounge With Private Balcony Pleasant Communal Gardens Utility Room Off Entrance Hallway Updated Combi Boiler With Warranty Remaining Excellent Location Close To Town Centre And Train Station Measurements: Entrance Hallway 6’7 × 4’1 Utility Room Kitchen 8’6 × 8’1 Max Lounge 14’5 × 13’1 Main Bedroom 14’5 × 9’4 Bedroom Two 12’2 × 8’7 Shower Room 8’1 × 4’8 Council tax band - A (£1,496) per year EPC rating - C Service charge approx £108 per month - includes ground rent of £10 per year and buildings insurance Lease length - 92 years remaining
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 42 Honeypot Lane, Basildon
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