Cash-friendly one-bedroom near station and amenities, ideal for refurb or rental.
Lower ground floor one-bedroom apartment, 610 sq ft
Set on the lower ground floor close to Clacton seafront, this one-bedroom flat offers straightforward rental or refurbishment potential. The property includes allocated off-street parking, gas central heating and is sold with no onward chain, making it a quick acquisition for cash buyers.
Important buyer cautions are clear: the lease has approximately 60 years remaining — many mortgage lenders will refuse lending on this tenure — and the property is being sold by online auction with a substantial buyer’s premium (minimum £6,600) and additional legal pack fee. Service charges average around £2,252 per year and ground rent is £60 pa.
For an investor or cash purchaser looking for a low-entry seaside asset, the flat’s proximity to the town centre and mainline station is a strong selling point. The property’s EPC C rating and Council Tax Band A keep running costs reasonable, but buyers should factor in likely refurbishment and the need to check the legal pack thoroughly before bidding.
This is a clear cash-or-buy-to-let opportunity rather than suitable for most mortgage-dependent owner-occupiers. Due diligence on lease extension costs, reserve price and auction terms is essential prior to purchase.
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