1-bedroom property · CM11 2JB
For saleListed 255 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated in the sought after retirement complex of Allington Court, is this one bedroom first floor apartment with views over the communal garden.
With the benefit of excellent local shopping facilities and close to bus routes, doctors, etc.
Allington Court is a private retirement scheme built in 1989 offering leasehold flats and bungalows for people aged over 55. Situated in Billericay it consists of 51 flats and four bungalows.
There is a communal lounge and a laundry, private gardens adjoin some of the flats. A variety of events to help residents make friends and enjoy the company of others are also regularly organised.
There is a care line system in place. Access to communal gardens and communal residents lounge.
Lease is 199 years from 1989 (Approx 164 years remaining) Service Charge £231.71 per month Ground Rent £6.67 per month EPC Rating: C Entrance hallway Storage heater and storage cupboard.
Lounge 3.41m x 4.0m Storage heater, double glazed windows overlooking the gardens, warden careline appliance with emergency pull cord.
Kitchen 2.43m x 2.75m Ample wall and base units, stainless steel sink and drainer, cooker with extractor over, fridge/freezer and washing machine.
Bedroom 2.71m x 3.86m Fitted wardrobes, with double glazed window overlooking the gardens.
Bathroom 1.72m x 2.15m A new modern bathroom including an electric shower within cubicle, white vanity unit with wash hand basin and w.c.
The walls are fully tiled and there is a built in cupboard, handy for storage. Spotlights to the ceiling, vinyl flooring and extractor fan fitted.
A pull cord for the Careline system is within the bathroom.
Value & comps
No previous sales on record.
Returns
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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
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