Summary - 5 EAST HAVEN CLACTON-ON-SEA CO15 3PG
1 bed 1 bath Flat
Compact, income-ready retirement flat with communal facilities and parking.
One-bedroom first-floor retirement flat with communal lounge and gardens
On-site laundry, part-time warden, careline and off-street parking
Sold with tenant in situ — advertised net yield c. 8.8%
Short lease (approximately 62–65 years) — lenders may refuse finance
Service charge about £2,589pa; ground rent £240pa (paid £120 six-monthly)
Electric storage heating; no gas central heating installed
EPC C, double glazing, ultrafast broadband and excellent mobile signal
Local area shows high deprivation and above-average crime statistics
This first-floor one-bedroom flat sits within East Haven, an over-55s retirement complex in Clacton-on-Sea. The apartment benefits from communal gardens, a residents’ lounge, on-site laundry, part-time warden and off-street parking — practical features for downsizers or investors seeking low-management accommodation.
At the asking price the property offers a stated net yield of 8.8% and is sold with a tenant in situ, making it immediately income-producing. The flat has double glazing, an EPC rating of C and mains ultrafast broadband and excellent mobile signal, which are useful practical advantages for residents and renters.
Buyers should note material drawbacks plainly: the lease length is short (reported around 62–65 years remaining), which is likely to restrict mortgage availability and will affect value and resale. The service charge and ground rent are ongoing costs (service charge c. £2,589 pa; ground rent £240 pa); these add to holding costs. Heating is by electric storage heaters rather than gas, and the local area shows high deprivation and above-average crime statistics — factors that may limit some buyer appeal.
Overall this is a compact, well-serviced retirement flat that will suit a cash buyer, a buyer who can manage a short lease extension programme, or an investor targeting higher initial yield with tenant in situ. Prospective purchasers should obtain leasehold, finance and condition advice and satisfy themselves on services and fixtures before committing.
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