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See how verdicts work2-bedroom flat · CM3 5WS
Sold STCListed 232 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Offered with the advantage of no onward chain, this two bedroom second floor flat. The property benefits from a living room, a modern fitted kitchen and bathroom.
Externally, there are communal gardens, parking and an additional carport.
No Ground Rent Lease remaining: 149 years Service charge: £1,480 per annum Council Tax Band: B Entrance Via Communal entrance door to: Entrance Hall Stairs leading to second floor, entrance door to entrance porch.
Entrance Hall Loft access, built in airing cupboard, doors to: Bedroom One 10'8 x 9'9 UPVC double glazed window to rear, built in wardrobe.
Bedroom Two 9'7 x8'5 UPVC double glazed window to rear.
Bathroom 8'5 x 5'4 White suite comprising paneled bath, with Creda shower over, pedestal was hand basin, low level wc, tiling to walls, tiled floor, extractor fan.
Living Room 14'7 X 10'7 UPVC double glazed closed window to front, open plan to kitchen.
Kitchen Area 8'9 x 8'7 UPVC double glazed window to front, range of base level units and drawers with roll top work surfaces over, inset one and a half sink and drainer unit with mixer tap, built in New World oven with Bosch electric hob with chrome extractor hood over, space for washing machine, fridge and dishwasher, range of matching eye level units, complementary tiling to walls, tiled effect vinyl flooring.
Externally The property externally benefits from communal gardens and parking with an additional carport.
Buyers Information Pack Please see below the link to access the Buyers Information Pack/TA forms: abb44c7dd
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
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
Agent & docs
FAQ
About Gandalfs Ride, South Woodham Ferrers, Chelmsford, Essex, CM3
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