Details

Boydens are pleased to offer this leasehold opportunity for this two bedroom first floor flat situated in Land Close, Clacton on Sea. The flat is presented in a modern condition and currently has a tenant in a fixed 12 month AST until October 2025. There is a separate garage that is let out which is part of the property title.

Yields:
At the current rental prices combined of £10,200 per annum (includes £600 per annum is for the garage), this property would generate a yield of 7.13% if purchased at £143,000. There is potential capital growth with a rent increase to £850pcm realistically achievable. This would provide a yield of 7.55% if purchased at £150,000.

This investment opportunity is ideal for those looking to expand their portfolio with a property in a convenient location, offering a good yield and a stable tenancy/lease.

ACCOMMODATION:

ENTRANCE HALL TO STAIRS
LOUNGE/DINER – 14’11 x 11’10
KITCHEN – 9’2 x 6’11
BEDROOM ONE – 11’8 x 8’4
BEDROOM TWO – 10’1 x 8’4
BATHROOM

PARKING TYPE – ONE ALLOCATED PARKING SPACE

UTILITIES:

Mains Electric
Mains Water
Mains Sewerage
Electric Heating

LEASE INFORMATION:

Length of lease – 999 year lease from 24th June 1973. 948 years remaining
Service charge for flat approximately – N/A
Ground rent - £10 Per annum

Local Authority – Tendring District Council

Construction Type – Brick built

Property Accessibility – stair to first floor accommodation

Broadband Availability - Superfast Broadband Available with speeds up to 80mbps (details obtained from Ofcom Mobile and Broadband Checker) - December 2024. https://checker.ofcom.org.uk/

Mobile Coverage – Based on the details obtained from Ofcom Mobile and Broadband Checker, the availability of mobile service is: EE (Voice - Limited, Data - Limited), O2 (Voice - Likely, Data - Likely), Vodafone (Voice - Likely, Data - Likely) & 3 (Voice - Likely, Data - Likely) – December 2024. https://checker.ofcom.org.uk/

Flood Risk - Data Taken from Gov.UK Flood Map.
The property is located in an area that has a very low probability of flooding from rivers and the sea and a very low probability of flooding from surface water - Checked December 2024 https://www.gov.uk/check-long-term-flood-risk

Planning Applications in the Immediate Locality - We are not aware of any planning applications in the immediate locality - Checked December 2024

MONEY LAUNDERING REGULATIONS - Please be advised that all purchasers will need to adhere to currents laws of money laundering and therefore will need to provide Boydens Estate Agents photographic identification and proof of residency identification before any transaction is started to comply with the legislation