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See how verdicts work2-bedroom flat · CM5 0BW
Under offerListed 232 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
New to the market is this beautifully presented two-bedroom apartment, set within the ever-popular Walter Mead Close development.
The current owner has meticulously maintained and tastefully decorated the property, creating a home that is ready to move straight into.
The accommodation comprises a modern fitted kitchen, a spacious lounge/diner ideal for both relaxing and entertaining, and two well-proportioned bedrooms.
The principal bedroom benefits from an en-suite shower room, while a contemporary family bathroom serves the remainder of the apartment.
Externally, residents enjoy well-kept communal gardens, allocated parking, and additional storage.
The property further benefits from an excellent lease length of approximately 104 years, offering long-term peace of mind.
Ideally located within walking distance of Ongar town centre, the apartment provides easy access to local shops, cafés, restaurants, and everyday amenities.
There are also excellent transport links, with the M11 just a short drive away and Epping Central Line station reachable in approximately 12 minutes, offering direct access into London in around 30 minutes.
PROPERTY MISDESCRIPTIONS ACT 1991 For clarification, Davis Homes Estate Agents wish to inform prospective purchasers, that we have not carried out a detailed survey, nor have we tested any of the appliances or heating system and cannot give any warranties as to their full working order.
Purchasers are advised to obtain independent specialist reports if they have any doubts. All measurements are approximate and should not be relied upon for carpets or furnishings.
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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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 Walter Mead Close, Ongar, Essex CM5
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