The Chapel, Harold Road, Clacton-on-Sea, Essex, CO15 6AJ

Description

A Vacant Two Bedroom Semi Detached Former Chapel in Need of Refurbishment. Potential for Redevelopment (Subject to obtaining all relevant consents). The property comprises a two bedroom semi detached former chapel arranged over ground and first floors.

Accommodation

Ground Floor: Reception Room, Kitchen. First Floor: Two Bedrooms, Bathroom. Exterior: The property benefits from a garden.

Location

The property is situated on a residential road close to local shops and amenities. The open spaces of Clacton Beach are within easy reach. Transport links are provided by Clacton-on-Sea rail station.

Tenure / Property Information

Investment Analysis

Sold comparables on Harold Road range from £240,000 to £395,000, with the latest supplied sale at £275,000. However, bedroom count, floor area and condition are not provided, so these sales do not support a reliable GDV estimate for this vacant former chapel.

Investment Snapshot

Strategy Recommendation

Proceed only after reviewing the legal pack, confirming refurbishment scope and obtaining planning advice if redevelopment is intended. Do not rely on the supplied comparables alone for bidding.

Works Required

Refurbishment of the reception room, kitchen, two bedrooms, bathroom and garden as required. Any redevelopment would be subject to obtaining all relevant consents; the evidence does not quantify the works.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR assessment cannot be quantified without supported GDV, rental evidence and refurbishment costs. The £1,800 buyer administration charge is known, while legal-pack disbursements may also apply.

Buy-to-Let Analysis

BTL analysis cannot be established because no sufficiently specific rental comparable or auctioneer rent estimate is supplied. Refurbishment costs and total project cost are also unknown.

Flip Analysis

A flip surplus cannot be calculated. Although nearby completed sales provide market context, the evidence does not establish an appropriate resale value, refurbishment budget or selling allowance for this property.

Investor Risks & Due Diligence

• Refurbishment scope and cost are not quantified.

• Potential redevelopment is subject to obtaining all relevant consents.

• No sufficiently specific rental evidence is supplied.

• Legal-pack disbursements may become payable on completion.

• The supplied sold comparables vary materially in price and lack bedroom, size and condition details.

Recommendation

Proceed only after reviewing the legal pack, confirming refurbishment scope and obtaining planning advice if redevelopment is intended. Do not rely on the supplied comparables alone for bidding.

Strategy Rating

Analysis Confidence

The property description and several nearby completed sales are available, but there is no floor area, condition detail, rental evidence, refurbishment budget, EPC, council tax or reliable directly comparable specification.