We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom flat · CM12 0RT
Listing removedListed 413 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
*** GROUND FLOOR OVER 60'S 2 BEDROOM APARTMENT *** The Grange is a gated retirement complex for the over 60's and is well located to Billericay high street, if you do not drive there's the 300 bus which will take you straight into the high street.
The property is located on the ground floor, offering a spacious lounge dining room that has doors opening to a small terraced area, a modern kitchen with integrated appliances, two brilliantly sized bedrooms, modern bathroom that also has a walk in shower and huge entrance hallway.
Potential purchasers may wish to note that the ground rent is £500 a year, the service charge is £320.24 a month and has a lease of 107 years.
(this information has been given to us in good faith but needs to be qualified by your legal represantative) There's a stunning and well maintained communal garden which has a lovely water feature, allowing you outdoor space to enjoy.
Apartments within "The Grange" are usually very sought after, with 2 completed sales here last year, we urge you to contact us for an early viewing. Keys are held.
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 Stock Road, Billericay, Essex, CM12
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