1-bedroom flat · CO9 1FD
Sold STCReduced £5k (−5%) on 22 MayListed 227 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A one bedroomed ground floor retirement property for the over 60’s, offered with no onward chain.
Riverside Court is a well-established and highly regarded retirement development for those aged 60 and over, located in the heart of the Town.
The property benefits from having an entrance hallway, lounge, kitchen, double bedroom and shower room.
ENTRANCE HALLWAY - LOUNGE - 17'5 x 8'6 max KITCHEN - BEDROOM - 14'1 x 8'7 SHOWER ROOM - Externally, the property enjoys a communal garden which is laid to lawn.
Riverside Court also benefits having a communal residents lounge, a laundry room, guest suite and communal carpark.
The block also benefits from having a 24-hour emergency call system and a house manager. Lifts serve all floors for ease of access.
AGENTS NOTE – We are advised by the vendor that the property is subject to a 125 year lease which commenced on 1st May 2000, with approximately 99 years remaining.
The half yearly Service Charge for the period 1st March 2026 to 31st August 2026 is £1,545.73 which we are advised includes the management fee, accounts fee, repairs & maintenance, water charges and window cleaning.
The half yearly ground rent for the period 1st March 2026 to 31st August 2026 is £360.35.
SERVICES - We are advised by the Vendor that the mains services of electricity, water and drainage are connected. Heating is via electric storage heaters.
WHAT3WORDS – muscular.abundance.vowing Broadband Availability – Ultrafast broadband available with speeds up to 2000 Mbps (details obtained from Ofcom Mobile and Broadband Checker) – March 2026.
Mobile Coverage - It is understood that there is limited mobile signal with EE, Three, Vodaphone and O2 (details obtained from Ofcom Mobile and Broadband Checker) – March 2026.
Local Authority – Braintree District Council TENURE- Leasehold These particulars are intended as a general guide only.
They are based on information provided by the vendor and have not been verified by Percival & Company. No statement in these particulars should be relied upon as a representation of fact.
All descriptions, dimensions, references to condition, and necessary permissions for use and occupation are given in good faith, but should be independently verified by prospective purchasers.
We strongly recommend that you consult with a qualified professional before proceeding with any offer or purchase. All measurements are approximate and for guidance purposes only.
Neither Percival & Company nor its employees make any representation or warranty in relation to the property, and no liability is accepted for any inaccuracies or omissions.
Value & comps
No previous sales on record.
Returns
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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
FAQ
About Rosemary Lane, Halstead, Essex, CO9
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