2-bedroom flat · CO16 8UJ
Sold STCListed 192 days
Opportunity summary
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About
Two bedroom FIRST FLOOR MAISONETTE with IMPRESSIVE refitted kitchen and bathroom plus a GOOD SIZE PRIVATE GARDEN and a GARAGE with LOW OUTGOINGS making ideal for the FIRST TIME BUYER or mature client.
Property additional info ENTRANCE LOBBY: Double glazed front door, wall mounted fuse box, stairs to first floor level. LANDING: Access to loft, built in airing cupboard.
LOUNGE: 14’10” x 12’ Double glazed front window, electric radiator, TV point, rear access to:- KITCHEN: 9’2” x 6’10” Recently refitted with range of work surfaces with drawers and cupboards under, inset sink unit, plumbing for washing machine, range of matching wall cabinets, part tiled walls, double glazed rear window, extractor fan.
BEDROOM 1: 11’7” x 8’4” Electric night storage heater, double glazed front window, double built in wardrobe/storage cupboard.
BEDROOM 2: 10’2” x 8’6” Electric night storage heater, double glazed rear window, built in wardrobe/storage cupboard.
BATHROOM: Impressive replacement suite comprising white panelled bath with independent rainfall shower over and screen, vanity wash basin with cupboards under, low level wc., tiled walls, extractor fan, double glazed rear window, modern wall mounted electric heater.
OUTSIDE: GARAGE in nearby block with new (white door). Access to good size enclosed garden area approximately 50’ deep and laid mainly to lawn with side gate.
TENURE: We understand the maisonette is held on the balance of a 999 year lease from 1973. The Ground Rent is £20 per year and there is no Service Charge.
Each resident insures their own portion of the building. COUNCIL TAX: Band “A”. Mobile signal/coverage: Good. Water source: Direct mains water. Electricity source: National Grid.
Sewerage arrangements: Standard UK domestic. Heating Supply: Central heating (electric). Broadband internet type: FTTC (fibre to the cabinet). Parking Availability: Yes.
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 Land Close, Clacton on Sea, CO16
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