1-bedroom flat · RM12 6BN
For saleListed 161 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Offered for sale with the added advantage of no onward chain is this one bedroom, second floor retirement apartment.
Available exclusively for over 60's only, the home enjoys a large reception room, kitchen, a double bedroom and bathroom.
The property enjoys a large communal lounge and well-maintained communal gardens. Gated parking is available on a first come, first serve basis.
Upon entering the property through a well-maintained communal area with a convenient lift, you are greeted by a spacious entrance hallway.
This provides access to the majority of the living space, along with a generously sized storage cupboard.
Positioned on the left of the home is the reception room, which measures an impressive 19’9 x 10’10 and provides adequate space for a dining table and chairs.
Situated off such is the kitchen which comprises numerous wall and base units, worktops to three sides and room for essential appliances.
Accessed off the hallway is the bedroom (15'5 x 9'3) which benefits from fitted wardrobes. Completing the internal layout is the bathroom.
Further benefits of the home include a large communal lounge for residents, well-maintained communal grounds, a 24-hour emergency response call system and access to a guest suite, ideal for visiting friends or relatives wishing to stay overnight.
Use of the guest suite is subject to availability and any applicable charges, with current rates to be confirmed by the development manager. According to the vendor: Lease Length: 97 Years Remaining.
Ground Rent: £646.22 pa. Service Charge: £3,008.12 pa.
Service charge includes - communal area heating, laundry room, grounds maintenance, buildings insurance, water rates, emergency assistance cord system, office hours service of development manager.
In compliance with The Money Laundering Regulations 2017, we are legally obligated to verify the identity of all prospective purchasers.
This process requires the review of valid photographic identification and an official proof of address.
Should your offer on a property marketed by Chalk Street Estates be accepted, you will be required to complete identity verification through our secure third-party provider, Blinc UK.
A non-refundable fee of £15 per purchaser is payable in advance of the verification checks.
Please note that a sale cannot be formally agreed, and a memorandum of sale cannot be issued, until all parties have provided valid identification and the verification process has been successfully completed.
Value & comps
No previous sales on record.
Returns
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Short-let restrictions apply
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 Draper Court,Flat 50, Mavis Grove, Hornchurch
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