1-bedroom flat · CO12 4PA
Listing removedListed 92 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
920 year lease ** guide price £105,000 - £107,000 ** A one bedroom maisonette enjoying a newly fitted kitchen and communal garden.
The maisonette is situated within easy access to the A120 and Harwich International train station. The property offers a good sized lounge/diner and is being offered with no onward chain.
Viewing is strongly advised. Entrance To The Property Can be found via a wrought iron gate giving access to a communal drying area with double glazed door giving access to the property.
Stairs leading up to the first floor. Entrance Hall Radiator, built in storage cupboard, doors lead off to all rooms. Lounge (5.03m x 3.68m (16' 6" x 12' 1")) Two double glazed windows to front.
Radiator. Kitchen (3.15m x 2.95m (10' 4" x 9' 8")) Newly installed kitchen units comprising single drainer sink inset into work surface with cupboard under.
Further work surfaces to two walls with high gloss cupboards and drawers underneath, space for appliances, breakfast bar, matching high gloss wall cabinets, part tiling to walls, radiator.
Double glazed window to front. Bedroom Double glazed window to front. Radiator, cupboard housing gas fired boiler (not tested by the agent).
Shower Room (2.03m x 1.85m (6' 8" x 6' 1")) Tiled shower cubicle, low level WC, pedestal wash basin, radiator, part tiling to walls. Double glazed window.
Outside To the front of the property there is a concreted communal drying area. There is also a communal garden to the rear.
Agent's Notes The details shown below have been provided by the vendors and any purchaser is advised to liaise with their solicitor for confirmation of this information.
Length of Lease: 999 years with approximately 920 years remaining. Ground Rent: £100 per annum. Service Charge: Paid as and when work is required. Parking for this property is on the road.
Third Party Commissions Harwich Village Homes can offer services that maybe of interest to you. These services are not compulsory and you and the buyer have a right to decline these services.
Harwich Village Homes will receive a referral fee from these providers (at no cost to you) which we will retain, subject to the seller and/or buyer appointing said provider for their services.
Referral fees will be paid upon completion of the service provided to the seller and/or buyer by the supplier.
Surveyors If we are asked to recommend a surveyor, we will recommend Julien Lawrence Surveying.
You are not obliged to secure the services of these surveyors and are free to appoint a surveyor of your own choice.
Should Julien Lawrence Surveying be instructed from a recommendation from Harwich Village Homes then Harwich Village Homes will receive a third-party commission of up to £50.
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
Agent & docs
FAQ
About 32A, Garland Road, Essex
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