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See how verdicts work1-bedroom flat · RM15 5NN
Sold STCListed 251 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Guide Price £160,000 - £170,000. Discover this well presented one-bedroom first-floor flat, an ideal opportunity for first-time buyers or investors seeking a well-located property.
This charming flat boasts UPVC double glazed windows and gas central heating, ensuring a warm and comfortable living environment.
The reception room offers a welcoming and bright space for relaxation, while the well-appointed kitchen provides functionality for your culinary needs.
The property features a comfortable bedroom, designed for peaceful rest, and a modern bathroom.
Enjoy the convenience of a private balcony, perfect for outdoor enjoyment, and benefit from the communal garden and car park, providing both green space and practical parking solutions.
Situated within walking distance of the local high street, this home offers easy access to everyday amenities.
For commuters and shoppers, a bus stop is just a stone's throw away, providing a direct route to Lakeside Shopping Centre.
The property comes with the added benefit of no onward chain, streamlining the buying process. This home offers both comfort and convenience with an affordable ground rent of just £10 per annum.
Enjoy 114 years remaining on the lease and a service charge of £1400 per annum.
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 Faymore Gardens, South Ockendon, RM15 5NN
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