Summary - LAMBOURNE COURT 30 HAVERING CLOSE CLACTON-ON-SEA CO15 4UX
1 bed 1 bath Apartment
Chain-free one-bed with rental upside and renovation potential.
No onward chain — ground-floor one-bedroom flat
Potential rental income around £9,900 per year
Lease approx. 62 years — lenders may refuse mortgages
Sold via modern auction; non-refundable buyer fees apply
Property requires renovation and updating throughout
Mains gas central heating; double glazing present
Communal garden and on-site parking included
Local area: high crime and very deprived — affects demand
Ground-floor one-bedroom flat in Lambourne Court presented for sale via modern auction. The property offers immediate chain-free purchase and scope for refurbishment to increase rental or resale value. A communal garden and on-site parking add practical appeal for tenants or owner-occupiers.
Potential rental income is indicated at approximately £9,900 per annum, making this a candidate for a buy-to-let purchase. Heating is by mains gas boiler with radiators and double glazing is installed; overall accommodation is compact at around 399 sq ft and suited to single occupants or couples.
There are significant cautions: the lease has around 62 years remaining which may prevent some mortgage lenders from lending, and the sale route incurs non-refundable auction buyer fees (including a reservation fee and other auction costs). The flat is dated and needs renovation; buyers should budget for updating finishes and check the Buyer Information Pack and service charge details prior to bidding.
The building sits in a very deprived area with higher local crime levels, which will affect tenant demand and long-term capital growth. Buyers should carry out full due diligence, confirm lender acceptability, and factor auction timescales and fees into their purchase decision.
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