1-bedroom flat · EN9 1NY
For saleReduced £10k (−7.7%) on 7 OctListed 340 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Being offered chain free an opportunity for the over 55's to purchase this first floor one bedroom warden controlled retirement flat. Being within easy access of the town centre and local amenities.
Communal resident Lounge - Laundry Room - Free resident parking.
Cobbinsbank is for persons aged 55 or over and is centrally located within easy access to Larsens recreational grounds, local convenience store and the bus stop is immediately outside the property.
The development has residents lift, communal lounge/social area, free parking bays and the flats are supported with an in house warden in the mornings and thereafter a 24/7 care-line support.
This particular flat is located on the first floor with a pleasant rear aspect overlooking Larsens Park.
The accommodation comprises an entrance hall with built in storage cupboard and provides access to the lounge, bedroom and bathroom.
The generous size lounge overlooks Larsens Park and has an open plan access to the modern fitted kitchen which has a range of fitted wall and base units with contrasting work surfaces and built in oven and hob, the kitchen also enjoys views over Larsens Park.
A generous size bedroom has a fitted wardrobe and overlooks the rear. A part tiled bathroom with a coloured three piece suite complete the interior.
Externally there are communal gardens and free resident parking.
Hall 8' 7" x 4' 6 Max" (2.62m x 1.37m) lounge 17' 11" x 10' 4" (5.46m x 3.15m) kitchen 10' 8" x 5' 2" (3.25m x 1.57m) bathroom 6' 6" x 5' 00" (1.98m x 1.52m) bedroom 13' 1 Max" x 8' 6" (3.99m x 2.59m) communal gardens free residents parking charges Council Tax Epping Forest District Council Band B Tenure - Leasehold 125 Years from July 1986 (86 years unexpired) Service Charge - £219.97 per month includes Ground Rent Ground Rent - Nil utilities and suppliers Electricity - Mains - Water - Mains - Thames Water Sewage - Mains -Thames Water Heating - Electric Storage Heating Broadband - (various providers available) Mobile Signal and Coverage Vodafone Three EE O2
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 26 Cobbinsbank, Farm Hill Road, Waltham Abbey
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