1-bedroom flat · CM8 1YR
For saleReduced £15k (−7%) on 26 SepListed 201 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated on The Mulberries development in Witham is this modern first floor apartment with a spacious bedroom, open plan living and bathroom.
The property is located on the outskirts of Witham and has good access to both the A12 and town centre.
A communal entrance door leads into the communal entrance hall with staircase rising to the first floor and private door leading into the apartment.
There is a central hallway where doors gives access to all rooms. The large bedroom has a full height window to the front aspect allowing an abundance of natural light and a built in wardrobe.
The bathroom has a wash hand basin, W.C, bath with shower over, modern tiling throughout and a heated towel rail.
The open plan living accommodation has French doors to a Juliet balcony whilst at the opposite end is the kitchen with a range of modern wall and base units, eye level electric oven and microwave, inset sink to worksurface, induction hob with stainless extractor hood above, integrated fridge freezer, dishwasher and washing machine, inset spotlights and a window to the front aspect.
Outside The property has an allocated parking space and there are communal gardens with a bike store.
Location The property is situated on the outskirts of Witham and just a short walk from local amenities.
For the commuter the mainline railway station has a fast and frequent service to London Liverpool Street.
The market town of Witham has a variety of shops serving day-to-day needs with two shopping centres and Tesco supermarket.
Witham is bypassed by the A12 trunk road, which leads to Chelmsford, M25 and London to the South, and to the North, Colchester and East Anglia.
Also the nearby A120, which has recently been widened now gives easy access to Stansted Airport and M11. Directions Please use the postcode CM8 1YR for SatNav.
Important Information Council Tax Band - B Services - We understand that mains water, drainage and electricity are connected to the property.
Tenure - Leasehold Lease details - Subject to confirmation from the management company and these charges are for the current year and maybe subject to change.
Remaining lease length - 992 years Ground rent - £300 per annum Service charge - £2,600 per annum EPC rating - B Ref - WIT250239/ea Agents note There is currently a tenant in situ.
Any intending viewers or purchasers are advised of the following: An EWS1 form ( External Wall Survey) may be recommended for certain apartment buildings dependant on issues such as the height of the structure.
The positioning of balconies and composition of any external cladding.
Fenn Wright have not undertaken any such assessment in respect of this particular property and this note has been added to all flats being offered for sale throughout our business as appropriate general guidance .We recommend that potential purchasers seek advice from their solicitor and an independent Chartered Surveyor before committing to a purchase.
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
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FAQ
About 33, Butcher Row, Essex
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