1-bedroom flat · SS2 4PX
Sold STCListed 225 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
* 40% Shared Ownership * An ideal first-time purchase, this well-maintained first floor flat offers a spacious layout, allocated parking and access to communal gardens.
Situated in a quiet cul-de-sac close to Prittlewell Train Station, local amenities and excellent travel links.
Located within a modern development, this first floor flat features a welcoming entrance hall with built-in storage, a generously sized lounge/diner, and a well-equipped kitchen.
The double bedroom is served by a stylish Jack and Jill bathroom, allowing access from both the hallway and bedroom.
Additional benefits include high performance glazing, gas central heating, access to communal gardens, and one allocated off-street parking space.
The property is offered on a 40% shared ownership basis and comes with a long lease, making it ideal for first-time buyers looking to get on the property ladder.
Positioned in Lornes Close, Southend-on-Sea, this home offers convenient access to Prittlewell Train Station for direct links into London, as well as nearby bus routes, shops, and local amenities.
The area is well-connected and popular with commuters and young professionals alike.
One Bedroom First Floor Flat - Entrance Hall - 4.42m x 3.91m (14'6 x 12'10) - Lounge/Diner - 4.47m x 3.45m (14'8 x 11'4) - Kitchen - 2.74m x 2.46m (9'0 x 8'1) - Bedroom - 3.48m x 3.28m (11'5 x 10'9) - Jack And Jill Bathroom - 2.36m x 1.88m (7'9 x 6'2) - Storage - Communal Garden - One Allocated Off-Street Parking Space -
Value & comps
No previous sales on record.
Returns
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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
Agent & docs
FAQ
About Lornes Close, Southend-on-Sea
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