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See how verdicts work2-bedroom flat · CM3 8UU
Listing removedReduced £10k (−4.5%) on 21 JulListed 119 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Guide Price £220,000 to £230,000 Location Within the open plan living area, the apartment features a surprisingly large kitchen area and the large picture windows in both the living room and main bedroom, allow natural light to burst through the property.
With communal gardens and communal parking, a peppercorn ground rent and low annual service charge, this is a wonderful buying opportunity!
Situated in the sought after village of East Hanningfield (A short drive to the City Centre of Chelmsford) and walking distance from local amenities, this property offers the opportunity to benefit from easy access to city amenities, whilst simultaneously enjoying the benefits of this popular village and its surrounding areas.
Overview of Accommodation.
Entrance via secure entry phone system with stairs to the first floor, the solid front door gives access to the hallway with the entrance to the living area, offering light in abundance via double glazed windows to front this impressive living area leads to the semi-open plan kitchen.
The Kitchen is modern in style and décor, fully fitted with a breakfast bar and wall and base unit both under and above, there is space for appliances and offers a Port Hole window to the front flooding the kitchen with light.
There is a master double bedroom with great space and light via double glazed windows to rear, a second double bedroom also with light via double glazed windows to rear.
The family bathroom consists of a modern suite with tiled walls and benefits from a Porthole Window allow light to envelope the bathroom.
This property has been well maintained and tastefully decorated throughout by the current owner and should be seen to be appreciated.
Leasehold Information Annual Ground Rent £10 per annum Annual Service Charge £1,440 per annum Remaining Lease 87 Years Agents Note Please note that the photos were taken prior to the tenants taking occupation.
Looking for A rental investment? We think that this property would make a great buy to let purchase so please ask us for a rental estimate. Did you know that we can even guarantee your rent?
Just ask for further details.
Disclaimer With approximate measurements these particulars have been prepared in good faith by the selling agent in conjunction with the vendor(s) with the intention of providing a fair and accurate guide to the property.
However, they do not constitute or form part of an offer or contract nor may they be regarded as representations, all interested parties must themselves verify their accuracy.
No tests or checks have been carried out in respect of heating, plumbing, electric installations or any type of appliances which may be included
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.
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FAQ
About 15, Payne Place, CHELMSFORD
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