27 Saxmundham Way, Clacton-on-Sea, Essex

Description

Refurbishment opportunity: a substantial 3 bedroom detached bungalow benefitting from an integral garage, large conservatory and utility room. Situated in a quiet residential cul-de-sac, this freehold vacant three bedroom detached bungalow boasts spacious accommodation including conservatory, utility room, integral garage and en-suite for the master bedroom. The property has suffered from water damage and would benefit from refurbishment throughout.

Accommodation

Entrance Hall; Lounge - 19’6 x 13’6; Conservatory - 22’0 x 11’10; Kitchen - 10’9 x 9’9; Utility Room; Bedroom One - 14'5 x 14'0; En Suite Shower Room; Bedroom Two - 12'9 x 9'6; Bedroom Three - 11'0 x 9'9; Bathroom/WC

Location

Situated in a quiet residential cul-de-sac. Clacton Town Centre and beach is 2 miles away and the A133 is just over a mile and a half away.

Tenure / Property Information

Investment Analysis

Same-street detached bungalow sales range from £220,000 to £250,000 in 2023–2025, with a £265,000 sale in 2022. A base GDV of £230,000 is used, with low/high scenarios of £220,000/£250,000. Comparables do not provide condition details, so the impact of the stated water damage is uncertain.

Investment Snapshot

Strategy Recommendation

Proceed only subject to inspection, confirmation of the water-damage scope and full fee/refurbishment budgeting. Do not rely on the guide price alone.

Works Required

Address the reported water damage and refurbish throughout. The evidence does not specify the affected areas, required trades or scope, so no reliable works cost can be calculated.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £150,000 guide, the indicative 75% refinance against the £230,000 base GDV is £172,500. However, refurbishment costs, buyer fees and total cash requirement are unavailable, so cash recycling and viability cannot be confirmed.

Buy-to-Let Analysis

BTL yield cannot be established reliably. The only rental evidence is a £1,300 pcm asking rent for a three-bedroom house in Walton on the Naze, not Clacton-on-Sea, and it is not an achieved rent. Works and total project costs are also unknown.

Flip Analysis

The evidence suggests a potential value range of £220,000–£250,000 after refurbishment, but refurbishment costs, selling costs and condition-adjusted GDV are unknown. A reliable flip surplus cannot therefore be calculated.

Investor Risks & Due Diligence

• Reported water damage may require extensive or specialist works.

• Refurbishment is stated to be required throughout, but the scope and cost are unknown.

• Buyer fees are stated as payable but no amount is supplied.

• The only rental evidence is an asking rent from a different town and is not an achieved rent.

• Comparable sale condition and refurbishment standards are not supplied.

Recommendation

Proceed only subject to inspection, confirmation of the water-damage scope and full fee/refurbishment budgeting. Do not rely on the guide price alone.

Strategy Rating

Analysis Confidence

There are several relevant same-street completed sales, but no refurbishment cost evidence, buyer fee amount, subject-specific rent or detailed water-damage scope.