2-bedroom flat · SS3 9DP
Sold STCListed 87 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Mill Lodge sits at the far eastern edge of Southend's seafront, in the part of Shoeburyness where the town gives way to open coastline.
East Beach and the Gunners Park nature reserve, the old MOD ranges now given over to walking trails and wide green space, are within easy reach on foot, and West Road's everyday shops, cafes and takeaways are right on the doorstep.
Shoeburyness station, with its c2c line into London Fenchurch Street, is also a short walk away, giving the location a genuine coastal feel without losing the practicality of a direct commute.
The flat itself is a two-bedroom ground-floor apartment within a small block set back from the road, with residents' parking in a shared courtyard to the rear.
Inside, the accommodation comprises an entrance hall, kitchen, two bedrooms and a bathroom, arranged over a compact 394 sq ft and in need of modernisation throughout.
The flat is offered with no onward chain. It has been owned by the same family for many years and more recently let out, so this is a first opportunity in some time for a new owner to take it on.
Worth noting: the lease has 61 years remaining, which means the flat will suit cash buyers rather than those needing a mortgage, a factor reflected in the price.
The service charge is £780 per year and the ground rent £90 per year.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
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 West Road, Shoeburyness, SS3
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