21 Beaconsfield Road, Clacton-On-Sea, Essex, CO15 6BU

Description

Two bedroom ground floor apartment requiring refurbishment. This well-located two-bedroom ground floor apartment is within easy reach of the town centre and train station, making it a practical choice for first-time buyers, downsizers or investors. The property offers two good-sized bedrooms, a bright living area, a separate utility room for laundry and storage, and a lean-to providing additional space for storage or hobbies. With local shops, cafés and transport links nearby, the apartment offers convenient, ground floor living with useful extra space and the opportunity to modernise.

Accommodation

Lounge 15'10" x 15'7" (4.83m x 4.75m); Kitchen 13'7" x 9'10" (4.14m x 3m); Utility Room 9'10" x 5'3" (3m x 1.6m); Lean To 14'3" x 6'0" (4.34m x 1.83m); Bedroom One 15'5" x 11'11" (4.7m x 3.63m); Bedroom Two 11'8" x 8'8" (3.56m x 2.64m)

Location

Within easy reach of the town centre and train station, with local shops, cafés and transport links nearby.

Tenure / Property Information

Investment Analysis

The £110,000 guide is not independently supported by the supplied evidence. The only comparable is a leasehold flat at 24A Beaconsfield Road, sold for £75,000 in September 2014; it is too old to establish a current market value or GDV. Current condition, service charge, ground rent, EPC and legal-pack details are also unavailable.

Investment Snapshot

Strategy Recommendation

Do not bid on the supplied evidence alone. Obtain the legal pack, leasehold cost details, current comparable sales, a refurbishment quotation and rental evidence before considering a BTL, BRRR or flip strategy.

Works Required

Refurbishment and modernisation are required as stated in the description, but the evidence does not specify the condition of individual elements or support a quantified works schedule. The utility room and lean-to should be assessed as part of due diligence.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR assessment cannot be completed without a supported post-refurbishment GDV, refurbishment budget, rent and finance assumptions. The lease commenced on 1 January 2007 for 125 years, but legal-pack confirmation of the remaining lease term and lease costs is still required.

Buy-to-Let Analysis

BTL viability cannot be established because no sufficiently specific rental comparable or auctioneer rent estimate is supplied. The known guide price is £110,000, before refurbishment and other acquisition costs. Buyer premium and admin charge total £2,760, with further possible charges noted.

Flip Analysis

A flip surplus cannot be calculated. The only supplied comparable sold in 2014 for £75,000 and does not establish current resale value; refurbishment costs and selling costs are also unsupported.

Investor Risks & Due Diligence

• Current market value cannot be established from the single 2014 comparable.

• Refurbishment scope and cost are not provided despite the property being described as requiring refurbishment.

• No supported rent or rental comparable is available.

• Leasehold service charge, ground rent and other lease terms are not supplied.

• EPC and legal-pack information require review.

• Buyer premium and admin charge total £2,760, with additional possible fees noted by the auctioneer.

Recommendation

Do not bid on the supplied evidence alone. Obtain the legal pack, leasehold cost details, current comparable sales, a refurbishment quotation and rental evidence before considering a BTL, BRRR or flip strategy.

Strategy Rating

Analysis Confidence

Only one dated 2014 sale comparable is supplied. Current GDV, rent, refurbishment cost, EPC, service charge, ground rent and other legal-pack information are unavailable.