We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom flat · CM1 3LF
Sold STCListed 221 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
GUIDE PRICE £250,000 - £265,000! Ideal first purchase or possible investment buy, a particularly spacious two bedroom ground floor flat in the favoured popular village of Writtle.
There is an extended lease, larger than average accommodation, communal parking and allocated garage. Gas central heating, communal grounds and convenient for local co-op supermarket.
ENTRANCE HALL Two storage cupboards with one housing the combi-boiler, radiator, doors to LOUNGE 3.99m (13'1) MAX x 6.15m (20'2) Two windows to front, radiator, laminate flooring.
KITCHEN 3.05m (10'0) x 2.64m (8'8) Window to rear, fitted with a range of wall and base level maple units complimented by granite style roll top work surface, inset single drainer stainless steel sink unit with mixer tap, gas hob with oven beneath and extractor over, space for washing machine, laminate flooring.
BEDROOM ONE 3.89m (12'9) x 3m (9'10) Window to front, radiator. BEDROOM TWO 3.53m (11'7) x 2.97m (9'9) Window to rear, radiator.
BATHROOM Window to rear, white suite comprising low level w.c, pedestal wash hand basin, panelled bath with shower over, laminate flooring, radiator, part tiling to walls.
EXTERIOR There is a garage, communal grounds and parking which is not allocated.
AGENTS NOTE We understand from the seller that within the maintenance charge, in the not too distant future, the plan is to have the main front door of the flats replaced but this would need to be checked with your conveyancer.
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
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