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See how verdicts work2-bedroom flat · CM15 0FA
For saleReduced £2.5k (−2.9%) on 23 JunListed 264 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
We are pleased to market this two, double bedroom, first floor apartment which comes to the market, available to purchase on a 25% shared ownership scheme.
Perfect for a first-time buyer; the shared ownership scheme is a great way to take your first step onto the property ladder, and subject to approval there may also be the opportunity to purchase the 100% share.
This spacious apartment consists of two double bedrooms both offering plenty of space for fitted or freestanding bedroom furniture.
A spacious kitchen/diner has been fitted in a range of cream gloss wall and base units, with integrated appliances to include double oven, hob with extractor above, fridge/freezer, washing machine and dishwasher.
Externally the property benefits from two allocated parking spaces, plus visitor parking and residents have the use of the communal gardens to the rear.
** Please note: Applicants offering on the property will need to meet conditions and be approved by the housing association to proceed with any purchase. Communal Entrance Secure video entry system.
Stairs to the first floor landing and your own front door. Entrance Hall Spacious entrance hall with doors to all rooms. Two large storage cupboards. Laminate flooring.
Living Room (4.57m x 3.40m (15' x 11'2)) Kitchen / Diner (4.17m x 3.40m (13'8 x 11'2)) Cream, gloss wall and base units with contrasting work surface over.
Integrated appliances include : Double oven, washing machine, dishwasher and fridge/freezer. Gas hob with extractor above. Laminate flooring.
Bathroom White suite, comprising : Panelled bath with shower over, wash hand basin and w.c. Double Bedroom (4.27m x 3.05m 1.83m (14' x 10' 6)) Ample space for freestanding or fitted furniture.
Double Bedroom (4.27m x 2.92m (14' x 9'7)) Ample space for freestanding or fitted furniture. Exterior - Communal Gardens Parking - Two Allocated Parking Spaces. Plus visitor parking.
Agents Note - Shared Ownership Conditions You’ll need to meet the following criteria to be eligible for shared ownership: * You must be aged 18 or over * Your annual household income must be less than £80,000 (£90,000 in London); * You don’t already own a property, or part of a property, at the time of completing your purchase.
* You’ll need to have a good credit history and have some savings (minimum of £5,000) to cover the costs involved in buying a home.
You must also be able to keep up with the monthly rent and mortgage repayments.
For this property there is a monthly rent payable of £736.61for the remaining 75% share of the property which is payable to the housing association.
Property is available to purchase at 100% ownership - £350,000 (subject to approval)
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
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FAQ
About 5, Whitefield Way, Brentwood
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