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 work1-bedroom flat · CO12 5ER
For saleReduced £10k (−9.1%) on 20 JunListed 495 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
No onward chain - A one bedroom first floor apartment situated in this attractive development for the over 55's. The property enjoys a lounge, fitted kitchen, shower room and bedroom.
Outside there are beautiful communal grounds to enjoy and an allocated parking space.
Entrance: A pathway gives entrance to the outside of the building with security entry system allowing access into the development. Large Communal Hallway: Giving access to all of the apartments.
Entrance Hall: Electric storage heater, two built-in storage cupboards, built-in airing cupboard, emergency pull cord.
Lounge: (5.77m x 3.12m (18' 11" x 10' 3")) Double glazed bay window, fireplace surround with electric fire, electric storage heater.
Door to: Kitchen: (4.06m x 2.7m (13' 4" x 8' 10")) Single drainer sink inset into work surface with cupboard under.
A range of work surfaces arranged in a u-shaped configuration having a comprehensive range of cupboards and drawers' underneath with built-in oven and hob.
Washing machine and fridge freezer to remain. Matching range of wall cabinets, part tiling to walls, electric skirting heater.
Bedroom: (4.06m x 2.7m (13' 4" x 8' 10")) Double glazed window, electric heater, built-in double wardrobe. Shower Room: Walk-in shower cubicle, low level WC, pedestal wash basin, tiling to walls.
Outside: As previously mentioned there are beautiful grounds surrounding High Oaks which offer communal use. There is one allocated parking space.
Agents Notes: The heating system has not been tested by the agent.
Agents Disclaimer: The details shown below have been provided by the vendors and any purchaser is advised to liaise with their solicitor for confirmation of this information:- Leasehold Information: Length of Lease: 100 years remaining.
Service Charge: £135 per month (equating to £1620 per annum). Ground Rent: £125 per annum. Management Company: Compass.
Third Party Commissions: Harwich Village Homes can offer services that maybe of interest to you. These services are not compulsory and you and the buyer have a right to decline these services.
Harwich Village Homes will receive a referral fee from these providers (at no cost to you) which we will retain, subject to the seller and/or buyer appointing said provider for their services.
Referral fees will be paid upon completion of the service provided to the seller and/or buyer by the supplier.
Surveyors: If we are asked to recommend a surveyor, we will recommend Julien Lawrence Surveyors or Watson Surveyors.
You are not obliged to secure the services of these surveyors and are free to appoint a surveyor of your own choice.
Should Julien Lawrence Surveyors or Watson Surveyors be instructed from a recommendation from Harwich Village Homes then Harwich Village Homes may receive a third-party commission of up to £50.
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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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
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 Flat 10, High Oaks,, Michaelstowe Drive, Essex
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