Summary - 45 RYEDENE CLOSE BASILDON SS16 4TE
1 bed 1 bath Not Specified
Chain-free one-bedroom flat with tenant income and refurbishment upside.
- Ready-made buy-to-let with £9,000 pa rental income
- Independent ground-floor entrance and private balcony
- Large overall size ~647 sq ft; one double bedroom
- Leasehold: 94 years remaining; low ground rent £10
- Service charge approximately £1,440 per year
- Post‑war building; double glazing pre‑2002, needs modernisation
- Cavity walls assumed uninsulated; energy upgrades likely needed
- Area: very deprived classification; regeneration-dependent upside
This first-floor one-bedroom flat in central Basildon is presented as a ready-made buy-to-let with an existing rental income of £9,000 per year. The property has an independent front-door entrance, private balcony and a practical layout across approximately 647 sq ft — attributes that work well for long-term tenancy or resale to other investors.
Practical running costs are clear: a 94-year lease remaining, low ground rent of £10 and an annual service charge of about £1,440. The block dates from the late 1960s/early 1970s and has double glazing installed before 2002, mains gas heating and cavity walls with assumed no additional insulation — factors to consider for long-term maintenance and energy efficiency improvements.
Location supports tenant demand: fast broadband, direct transport links into London, town-centre amenities and several nearby schools rated Good. The area is in a very deprived classification with average crime and mixed estate conditions, so capital-growth prospects are linked to wider local regeneration rather than immediate premium uplift.
This property suits an investor seeking immediate rental return with straightforward management, or a buyer prepared to carry small- to medium-scale refurbishment (insulation upgrades, modern kitchen/bathroom refresh) to improve yield and long-term value. It is sold chain-free, but the buyer must accept leasehold ownership and the block’s post-war construction characteristics.
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