1-bedroom flat · SS1 3LU
Sold STCListed 33 daysAuction 7 Oct · ended
Opportunity summary
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About
FOR SALE BY PUBLIC AUCTION ON THURSDAY, 8TH OCTOBER 2026 AT 12.00PM NOON. LIVE STREAMED VIA DEDMAN GRAY WEBSITE.
BIDDING AVAILABLE BY TELEPHONE, PROXY AND ONLINE RESIDENTIAL INVESTMENT: A VACANT ONE BEDROOM FIRST FLOOR PURPOSE BUILT RETIREMENT APARTMENT CLOSE TO LOCAL SHOPS, BEACH AND TRAIN STATION This vacant, south facing retirement apartment is situated on the front, second floor of this sought after purpose built development.
The apartment is ideally located adjacent to the Broadway shops, mainline railway station and bus stop.
This lovely flat has been fully refurbished throughout to a high standard including a modern 'Shaker' style fitted kitchen plus a modern shower room with walk in shower.
Communal Entrance Hall Entrance Hall Lounge - 17'4" x 10'7" Kitchen - 7' x 5'5" Bedroom - 15' x 8'7" Shower Room/WC Communal Gardens Communal Parking We have been advised that there is a House Manager onsite.
A 125 year lease commenced on 1st April, 1994 with 93 years remaining We have been advised the ground rent is £558 per annum and the service charge is £4,170 per annum but please refer to the legal pack for full details of any service / maintenance charges & ground rent costs
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
Agent & docs
FAQ
About Flat 26 Homerowan House, Station Road, Southend-on-Sea, Essex, SS1 3LU
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