Written by Joanne Townsend
Joanne Townsend
Joanne completed a Journalism degree in 2012 before working for a number of marketing companies in the roles of a copywriter, moderator and PR assistant.
If you’re looking for residential and commercial properties in Essex that offer tons of potential, we have compiled some of the best that vary in location, price and size and will be up for auction in September and October.
Situated in Braintree in Essex, this three-bed terrace property is an exciting prospect for an investor. The living space consists of a spacious lounge with a separate dining area, a kitchen, a downstairs bathroom, two bedrooms on the first floor, and an additional bedroom on the second floor.
Outside, you’ll find a generously sized rear garden, as well as a well-maintained front garden with a lawn. East Street enjoys a convenient location, with easy access to local amenities and transportation links in Braintree.
The lot will be brought to auction by GoTo Properties on the 20th of October 2023 with an Opening Bid of £180,000.
This detached house currently offers four bedrooms, but it comes with the bonus of full planning permission granted for a 5/6 bedroom expansion, including a double-storey extension, loft conversion, and an outbuilding. This property is available for vacant possession and boasts an excellent location, just a 5-minute stroll from the beach, making it equally appealing to investors and owner-occupiers.
The accommodation is thoughtfully designed, with two reception rooms, an open-plan kitchen, a utility room, and a WC on the ground floor. The first floor hosts four bedrooms, an ensuite shower room, and a bathroom. Ascend to the second floor, and you’ll find an additional bedroom with its ensuite. Outside, there’s a rear garden to enjoy. Situated in Leigh-on-Sea, this town in Essex boasts a prime location along the Thames Estuary, close to the North Sea and the Kent coast.
The property will be brought to auction by Connect UK Auctions on 17th October 2023 with a Guide Price of £335,000.
Offered as a freehold property, this mid-terraced house boasts three bedrooms and two reception rooms but requires some refurbishment. Located in Basildon, the property offers a cloakroom a lounge and a dining room on the ground floor. There is also a fitted kitchen completing this floor.
Upstairs, the first-floor landing grants access to three bedrooms, each equipped with windows and radiators. There is also a family. bathroom. A good buy-to-let opportunity, the property offers a good-sized rear garden and a front garden. Additionally, there is a garage included in a nearby block.
The lot will be taken to auction by Hair & Son Auctions on 12th October 2023 with a Guide Price of £190,000.
This vacant freehold mid-terrace bungalow offers convenient features such as off-street parking and an integral garage. It enjoys a prime location close to Shoebury Railway Station with routes to London, East Beach, and the various shops and amenities along Ness Road.
There is a spacious lounge and a well-fitted kitchen on the property. The bungalow also features two bedrooms and a bathroom with a three-piece suite. Outside, there’s a rear garden which is paved and fenced for privacy. At the front, you’ll find hardstanding off-street parking and an integral garage.
The lot will be taken to the auction by Hair & Son Auctions on 12th October 2023 with a Guide Price of £170,000.
This vacant three-bedroom mid-terrace house boasts a sunny southerly rear garden and sits near the Seafront and Southchurch Park. Nearby conveniences include local shops along Woodgrange Drive and there is a convenient bus service to the High Street and various amenities.
The interior of the house offers a welcoming lounge and a dining room with French-style doors leading to the garden. The kitchen is fitted with wall and floor units, and a bathroom completes the ground floor. There are three bedrooms on the first floor and there is potential to add a WC to the third bedroom. Outside, there is a rear garden with decking, a lawn area, and a timber storage shed. There’s also a front garden for added greenery and curb appeal.
The lot will be taken to auction by Hair & Son Auctions on 12th October 2023 with a Guide Price of £245,000.
A great investment opportunity with tons of potential, here are two commercial buildings with vacant usage in Westcliff-on-Sea in Essex. The structures feature empty ground-floor lock-up units, while the upper levels house two currently occupied flats which is a good rental opportunity.
Planning has been granted for converting the ground-floor commercial business and service units into two individual residences. The property also includes a forecourt area at the front.
Hair & Son Auctions will bring the lot to auction on 12th October 2023 with a Guide Price of £390,000.
Investors will be interested in this commercial redevelopment opportunity. This detached freehold office building comes with planning consent for conversion into a two-bedroom house with parking. Presently configured as office space, the property has obtained planning consent for its transformation into a detached house, featuring a south-facing rear garden and off-road parking.
The envisioned layout includes two bedrooms, a first-floor bathroom with a WC, a ground-floor cloakroom, a spacious lounge/dining area, and a kitchen. Conveniently, Southend University Hospital, local schools, Priory Park, Chalkwell Park, nearby shops, and transportation links are all easily accessible.
Dedman Gray Auctions will bring the lot to auction on 11th October 2023 with a Guide Price of £150,000.
This mixed-use development project in Clacton on Sea presents an enticing investment and development prospect. It features a vacant lock-up shop that formerly operated as a fast food takeaway, a flat above which is sold with a long lease, and a separate studio flat at the rear accessible independently from the shop. The studio flat can be leased independently or used by the shop occupants.
Notably, the shop boasts rear access to a courtyard with a storage shed, and there’s potential to convert the other half of the building’s rear into a second studio apartment, subject to obtaining the required consent. This versatile property offers various avenues for income generation and redevelopment, making it an attractive proposition for investors.
The lot will be taken to the auction by Dedman Gray Auctions on 11th October 2023 with a Guide Price of £150,000.
In a prime location, this freehold property is located on the high street on the periphery of Castle Park in Colchester. Previously rented for a significant value, this could be a good buy to let opportunity.
Additionally, the property boasts a small rear courtyard, providing rear access at the base of the stairwell leading to the upper levels. There exists potential for property redevelopment, with the possibility of creating residential spaces on the upper floors, contingent upon obtaining the necessary permissions.
The property will go to auction with Dedman Gray Auctions on the 11th of October 2023 with a Guide Price of £195,000.
This freehold mixed-use property, ideally located along a bustling thoroughfare in the heart of Braintree, presents an attractive investment proposition. It comprises a ground-floor retail unit and a one-bedroom residential apartment on the first floor. Currently, the one-bedroom apartment is leased offering the potential for rental income growth.
The ground-floor retail space is currently unoccupied but holds the potential to generate an annual income of up to £12,000. Moreover, there exists the exciting prospect of a loft conversion, pending the acquisition of planning consent, which could further enhance the property’s value.
The lot will be brought to auction by GoTo Properties, a modern method of auction, on 6th October 2023 with an Opening Bid of £170,000.
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