1-bedroom house · CM12 0QH
Sold STCReduced £11k (−6.9%) on 20 MayListed 232 days
Opportunity summary
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About
** NO ONWARD CHAIN ** Recently redecorated one bedroom ground floor retirement apartment for the over 55s, offered with no onward chain and an extended lease (approx. 107 years remaining).
Bright living room, fitted kitchen, double bedroom with wardrobes and good storage. Close to local amenities and bus routes.
Being sold with No Onward Chain, is this recently redecorated and well presented one bedroom ground floor retirement apartment, offered with no onward chain and benefiting from an extended lease with approximately 107 years remaining.
The accommodation includes a bright and spacious living room with space for both seating and dining, a fitted kitchen with integrated oven, hob and washer/dryer, a generous double bedroom with built-in wardrobes, a bathroom with bath and shower over, and additional storage from the hallway.
Set within a popular over-55s retirement development, the property provides a secure and sociable environment.
The development is conveniently located close to local amenities including Aldi, doctors and dentist, with a bus stop directly outside offering easy access to Billericay High Street and the mainline railway station.
Residents benefit from a secure entry system, on-site manager, attractive landscaped gardens, residents’ parking, a large communal lounge with conservatory overlooking the patio, laundry facilities and a hair salon.
An excellent opportunity for independent living within a friendly and supportive community.
Entrance Hall - 3.10m x 0.91m (10'2 x 3'0) - Lounge / Diner - 5.79m x 3.18m (19' x 10'5) - Kitchen - 2.54m x 1.88m (8'4 x 6'2) - Bathroom - 2.01m x 1.65m (6'7 x 5'5) - Bedroom - 4.93m x 2.64m (16'2 x 8'8) - Agents Note - Service Charge (year ending 31st March 2026): £2,414.45 per annum.
Ground Rent: £75 per annum Council Tax: Band C.
The service charge includes the Careline system, buildings insurance, communal water and sewerage rates, communal cleaning, utilities, general maintenance, lift maintenance, hairdressing salon and Lodge Manager.
Please note Park Lodge requires residents to be over 55.
A sinking fund contribution (payable on resale) applies, calculated at 0.5% of the original purchase price per year of ownership (apportioned monthly), capped at 5% after 10 years.
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.
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Area
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FAQ
About Queens Park Avenue, Billericay
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