1-bedroom flat · RM15 6JB
Sold STCListed 234 daysAuction 10 Mar · ended
Opportunity summary
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About
SOLD AFTER AUCTION A good sized one bed Top Floor Flat. There are over 102 years remaining on the Lease. The second floor flat is in decent order but could benefit from some improvement/redecoration.
Ideal for investors/cash buyers.
The property benefits from communal gardens Ground Floor Communal Entrance Communal Hall, stairs and landings to Second Floor Personal Entrance Door to Entrance Hall: Lounge: 16'6" x 10'5" Kitchen: 10'5" x 8'6" Bedroom: 11'11" x 9'5" Bathroom: 6'2" x 5'11" Externally Communal gardens to front and rear providing amenity space.
Leasehold Information Term : 125 years from 7 April 2003 (over 102 years remaining) For ground rent amount and review period : please refer to Legal Pack For service charge amount and review period : please refer to Legal Pack Council Tax Band A Tenure: Leasehold Lease Details: 125 years from 7 April 2003 EPC Rating: Please refer to Legal Pack Administration Fee: £1200 inc VAT payable on exchange of contracts.
Buyer's Premium Fee: £1500 inc VAT payable on exchange of contracts. Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Value & comps
No previous sales on record.
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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 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
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FAQ
About 109 Celandine Close, South Ockendon, Essex RM15 6JB
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