1-bedroom flat · CO16 8FW
Let agreedListed 29 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
We are pleased to offer for let this one bedroom ground floor flat located on the popular Cann Hall Development. The property has undergone recent redecoration and has new flooring throughout.
Additional benefits include electric heating, communal off street residents parking and communal garden Council Tax Band: A Holding Deposit: £180 Details with approximate only room sizes Entrance door to Communal Hall Private entrance door to Entrance Hall Electric storage heater, built in storage cupboards, airing cupboard.
Lounge w: 4.32m x l: 4.06m (w: 14' 2" x l: 13' 4") Double glazed window to front, storage heater, bespoke low-level brick plinth TV unit, Kitchen w: 3.1m x l: 1.47m (w: 10' 2" x l: 4' 10") Single drainer sink unit set in roll edge work surfaces with cupboard under, further roll edge work surfaces with matching base and eye level cupboards, space for appliances including cooker, fridge freezer and washing machine, tiled flashbacks, extractor fan, skimmed ceiling.
Bathroom Panel enclosed bath, pedestal wash hand basin and low level W.C., tiling to walls, extractor fan.
Bedroom w: 4.04m x l: 3.1m (w: 13' 3" x l: 10' 2") Built in single wardrobe, storage heater, double glazed window to rear, extractor fan.
Outside The front of the property has an open plan lawn area.
There is access to the side of the building which leads to a communal car park area and open plan access to mainly laid to lawn garden which is enclosed by panel fencing and for communal use.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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 Merstham Drive, Clacton-on-Sea
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