2-bedroom flat · RM11 2LJ
For saleReduced £10k (−3.6%) on 29 SepListed 161 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Description Set within a quiet residential cul-de-sac in Ardleigh Green within walking of Gidea Park Elizabeth Line Station and local shops is this spacious two bedroom ground floor maisonette offering the superb opportunity to purchase a leasehold property without service charges and only £10.00 per annum ground rent.
The property has the added advantage of its own garden and is offered with no onward chain. Entrance Personal entrance door gives access to the entrance hall. Entrance hall Double radiator.
Laminate flooring. Lounge 14'3" X 12'1" Double glazed window to the front. Double radiator. Laminate flooring. Archway to the kitchen. Kitchen 7'7" X 6'7" Double glazed window to the side and front.
Sink unit with cupboards beneath. Further range of base and eye level units with worktop surfaces. Space for cooker, fridge freezer and washing machine.
Wall mounted gas boiler for central heating and hot water. Built-in extractor hood. Tiled walls and flooring. Bedroom one 13' X 9'5" Double glazed window to the rear. Radiator.
Bedroom two 8'7" X 6'8" Double glazed double doors lead to the rear garden. Double radiator. Laminate flooring. Bathroom/WC Obscure double glazed window to the side.
Suite comprising panelled bath with mixer tap, shower attachment and glazed screen, wash hand basin with vanity unit beneath, and low flush WC. Tiled walls. Heated towel rail. Wall cabinet.
Exterior As previously mentioned, the property is superbly located within this quiet residential cul-de-sac being within walking distance of Gidea Park Elizabeth Line Station and local shopping facilities.
Frontage Mainly laid to lawn with shrubs and borders. Rear garden Easily maintained with paving and fenced surround.
Agents note We understand from the current vendor that the Lease has approximately 140 years unexpired.
There is the superb added advantage of no service charge, plus only £10.00 ground rent per annum. All details of which must be verified by any interested parties legal representative. Ref No. 5718-26.
Awaiting EPC. Council Tax Band C. Council Tax Band: C (Havering London Borough Council) Tenure: Leasehold (140 years) Ground Rent: £10 per year Service Charge: £0 per year
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
About 12a Michael Gardens, Hornchurch
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