12, Golf Green Road, Clacton-on-Sea, Essex, CO15 2RH

Description

An opportunity to acquire a detached two bedroom chalet bungalow located within the popular coastal village of Jaywick. The property offers kitchen, lounge, two bedroom, shower room and two attic rooms. Low maintenance walled front garden with driveway providing off road parking and pedestrian access to enclosed paved courtyard to the rear. Jaywick is a coastal village and lies 2 miles south of Clacton-on-Sea. The village has a variety of local facilities including local shops, convenience stores, take aways, public houses, cafes, health care facilities and the sandy beach and sea front. The nearby town of Clacton-on-Sea also provides larger supermarkets, a shopping centre, a hospital, entertainment venues, and a train station with services to London.

Accommodation

Ground Floor: Entrance porch, lounge, kitchen with staircase to first floor, rear hall, two bedrooms, shower room. First Floor: Landing, 2 further attic rooms. Exterior: Walled low maintenance front garden, driveway providing off road parking. Enclosed rear paved courtyard, timber shed.

Location

Located within the popular coastal village of Jaywick, approximately 2 miles south of Clacton-on-Sea. Jaywick has local shops, convenience stores, takeaways, public houses, cafes, healthcare facilities, a sandy beach and seafront. Clacton-on-Sea provides larger supermarkets, a shopping centre, a hospital, entertainment venues and a train station with services to London.

Tenure / Property Information

Investment Analysis

The £100,000 guide is below the most recent supplied same-road sale at £155,000 in February 2025, but the evidence is highly dispersed: £134,000 in 2021 and £317,500 in 2024. The £317,500 sale is a significant outlier and bedroom, condition and specification details are unavailable. A base GDV of £155,000 is therefore used cautiously, with a low scenario of £134,000 and high scenario of £317,500. The £1,800 buyer contract fee is known; potential seller fees and other acquisition costs are not supplied.

Investment Snapshot

Strategy Recommendation

Proceed only subject to legal review, survey and confirmation of condition, attic-room suitability, rent and all special-condition fees. The low guide creates potential value, but the evidence is not strong enough to support an unconditional flip or firm maximum bid.

Works Required

No specific defects or refurbishment requirements are supplied. Obtain a full survey and inspect the kitchen, shower room, attic rooms, roof, services, damp condition, external paving, shed and EPC-related efficiency before budgeting works. Confirm whether the attic rooms are suitable for regular use.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £100,000 guide, the known purchase price plus the £1,800 contract fee is £101,800 before works and any seller fees. A 75% refinance at the £155,000 base GDV would be £116,250, but the cash position cannot be calculated reliably because refurbishment costs, finance costs and other completion charges are unknown. Refinance viability is also dependent on the lender accepting the valuation and property condition.

Buy-to-Let Analysis

The only rental evidence is a £1,500 pcm advertised asking rent for a two-bedroom bungalow on Rush Green Road, Clacton-on-Sea; it is not an achieved rent and is not the same road. At that asking figure, annual gross rent is £18,000 and the gross yield on the £100,000 guide is 18.0%, before finance, tax, management, maintenance, voids, insurance and acquisition costs. A reliable market rent cannot be established from one non-identical asking listing.

Flip Analysis

A potential value uplift is indicated by the £155,000 recent same-road sale, but the comparable evidence ranges from £134,000 to £317,500 and does not provide matching bedroom, condition or specification details. No refurbishment allowance or supported selling-cost allowance is available, so a reliable flip surplus and maximum bid cannot be calculated.

Investor Risks & Due Diligence

• Very wide range in supplied same-road sale prices, including a £317,500 outlier.

• Property condition and refurbishment requirements are not evidenced.

• The £1,500 pcm rent is an advertised asking rent on a different road, not an achieved or passing rent.

• EPC rating E may indicate poorer energy efficiency and possible improvement costs.

• Additional seller fees may apply under the Special Conditions of Sale.

• The two attic rooms' suitability and status for regular occupation are not confirmed.

• Known £1,800 contract documentation fee is payable by the buyer.

Recommendation

Proceed only subject to legal review, survey and confirmation of condition, attic-room suitability, rent and all special-condition fees. The low guide creates potential value, but the evidence is not strong enough to support an unconditional flip or firm maximum bid.

Strategy Rating

Analysis Confidence

The property description, guide, tenure, one known buyer fee, five same-road sales and one rental asking listing are supplied, but condition, refurbishment cost, achieved rent, finance costs, seller fees and comparable specifications are not.