89 Saville Street, Walton-on-the-Naze

Description

A terrace house overlooking the marina with accommodation arranged on two floors. Garden at rear. We have been advised that the property comes with its own mooring rights.

Accommodation

First Floor: Bedroom (One), Bedroom (Two). Ground Floor: Entrance Porch, Reception Room, Kitchen, Bathroom/WC. Garden at Rear.

Location

Situated off High Street, a short walk from Walton-on-the-Naze Beach and close to the amenities available in Walton-on-the-Naze Town Centre including Walton-on-the-Naze Train Station.

Tenure / Property Information

Investment Analysis

Same-street completed sales range from £120,000 for the subject property in September 2024 to £175,000 for 85 and 97 Saville Street in 2025. Older evidence includes £165,000 and £215,000 sales. A base GDV of £175,000 is supported by the two most recent adjacent sales, but the absence of floor area, condition and detailed specification limits confidence. The stated mooring rights require verification.

Investment Snapshot

Strategy Recommendation

Treat as a cautious, evidence-led purchase only after reviewing the legal pack, verifying the mooring rights, obtaining a survey and establishing the EPC-related requirements. Do not set a maximum bid until refurbishment, rent and seller costs are known.

Works Required

No specific defects or refurbishment scope are evidenced. The property is EPC G, so energy-efficiency improvement requirements should be investigated. A full survey and verification of the mooring rights are advised before bidding.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the base GDV, 75% refinancing is £131,250. The refurbishment budget and total project cost cannot be established from the evidence, so cash left in and equity position are unsupported. BRRR feasibility depends on survey findings, verified rent, finance terms and confirmation that the mooring rights transfer.

Buy-to-Let Analysis

Advertised rental evidence ranges from £550 pcm for properties in CO14 to £1,550 pcm for a two-bedroom Walton-on-the-Naze listing. These are asking rents and are not confirmed achievable rent for this property. On the £140,000 guide, the implied gross yield range is approximately 4.71% to 13.29%; a reliable single yield cannot be established without verified rent and full costs.

Flip Analysis

The base resale indication is £175,000, supported by two 2025 same-street sales. At the £140,000 guide plus the £1,500 buyer premium, the known pre-works acquisition cost is £141,500, before any seller charges, refurbishment, finance, tax and resale costs. A flip surplus cannot be calculated because works and selling costs are unsupported.

Investor Risks & Due Diligence

• EPC rating G may create energy-efficiency improvement requirements, but the scope and cost are unknown.

• Rental evidence is conflicting and consists only of advertised asking rents, not achieved or passing rent.

• The property’s condition and refurbishment requirements are not described, preventing a reliable total project cost.

• Mooring rights are stated as advised but require documentary and legal verification.

• The seller may charge additional completion fees under the special conditions, but no amount is supplied.

• The completed sales evidence shows a wide range, including £120,000 for the subject property and £175,000 for two nearby 2025 sales.

Recommendation

Treat as a cautious, evidence-led purchase only after reviewing the legal pack, verifying the mooring rights, obtaining a survey and establishing the EPC-related requirements. Do not set a maximum bid until refurbishment, rent and seller costs are known.

Strategy Rating

Analysis Confidence

Completed same-street sales and basic rental asking evidence are available, but floor area, condition, refurbishment costs, achievable rent, selling costs, finance terms and detailed legal information are not supplied.