Summary - Flat 4, 22 Wellesley Road, CLACTON-ON-SEA CO15 3PP
5 bed 4 bath Block of Apartments
Five flats close to shops, station and seafront with steady cashflow potential.
- Freehold block of four flats (3 x 1-bed, 1 x 2-bed split level)
- Current rent £31,500pa; potential £32,400pa (7.9% gross yield)
- Gas heating, double glazing; mains electric, water and sewer
- Communal gardens and off-street parking; walk to station and seafront
- EPCs D–E (Flat 4 EPC expired; renewal in hand)
- Located in high-crime, very deprived area — factor management costs
- Tenants in situ; any refurbishment requires tenant coordination
- Conversion/non-standard features present (planning ref 03/01574/FUL)
A five-flat semi-detached block on Wellesley Road offered as a freehold investment with tenants in situ. The portfolio currently returns £31,500 pa (current rents), with a realistic reviewed income forecast of £32,400 pa producing a circa 7.9% gross yield at the asking price. Properties include three one-bed flats and one two-bedroom split-level flat; communal gardens and off-street parking add tenant appeal.
Practical details: gas heating and double glazing are fitted, mains services are connected, and the building is walkable to the town centre, seafront and mainline station. Planning history shows an authorised conversion (planning ref 03/01574/FUL) from five flats into four, and an EPC portfolio ranges D–E (Flat 4 EPC expired but renewal is in hand). Broadband coverage is fast and mobile signal excellent, though prospective buyers should confirm current provider availability themselves.
Risks and considerations are material and should be factored into purchase pricing: the immediate neighbourhood scores high for crime and very high on area deprivation indices; several flats sit in Council Tax Band A; the block has non-standard features from its conversion and may require ongoing management and maintenance typical of Victorian stock. EPC ratings indicate only moderate energy performance.
This is a hands-on investment suited to a buyer targeting near-term rental income with modest value-add potential through active asset management and selective refurbishment. It is offered with occupants in place, so any repositioning will require tenant notice periods and planned works coordination.
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