2-bedroom flat · IG10 4QU
For saleReduced £17k (−8%) on 11 AugListed 646 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A two bedroom retirement apartment located on the first floor The Visiting Development Manager can be contacted from various points within each property in the case of an emergency.
For periods when the Development House Manager is off duty there is a 24 hour emergency call system. Each property comprises an entrance hall, lounge, kitchen, one or two bedrooms and bathroom.
It is a condition of purchase that residents be over the age of 60 years. Please speak to our Property Consultant if you require information regarding “Event Fees” that may apply to this property.
Accommodation Front door leads to Entrance Hall Ceiling Light. Door to walk in storage cupboard with shelves and hanging rail. Electric meters. Emergency intercom. Security door entry system.
From the Entrance Hall a doorway leads to the: Lounge Feature fire surround. Night storage heater. Power points to include TV aerial point. Telephone point.
An archway leads to the: Kitchen With Window Tiled and fitted with stainless steel sink unit, wall and floor cupboards, work tops, space for cooker, spaces for fridge/freezer, power points.
Strip light, extractor vent. Bedroom One Built-in wardrobe with mirrored sliding door with hanging rail and shelf above, Night storage heater. Power points, emergency pull cord, ceiling light fitting.
Bedroom Two Night storage heater, power points, ceiling light fitting. Bathroom Tiled and fitted with suite comprising a bath with shower over.
WC with low level flush, wash hand basin, wall mounted electric heater, wall light, mirrors, shelf.
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
Agent & docs
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FAQ
About 10, Homecherry House, Loughton
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