1-bedroom flat · CM12 9LX
Sold STCListed 125 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Freshly renovated one bedroom ground floor maisonette, offered for sale with NO ONWARD CHAIN, 999 year lease, garage & parking, SOUTH FACING GARDEN, close proximity of the High Street & Mainline Station.
A freshly renovated, ground floor one bedroom maisonette, with off road parking, garage and South facing courtyard garden, being offered for sale with NO ONWARD CHAIN.
This property will be sold with the advantage of a new 999 year lease and peppercorn ground rent.
As part of the renovation, the property is finished with new flooring, internal doors, fuse box and plug sockets, electric Dex Pro Delux Smart Digital panel heaters, modern fitted kitchen, refitted bathroom and re-plastered ceilings.
The accommodation includes a spacious entrance hallway with storage cupboard, double bedroom to front aspect with new carpet and built-in wardrobe.
There is a refitted bathroom with modern white suite, including paneled bath with rainfall shower above, vanity unit wash hand basin and low level W.C.
The naturally light lounge / diner, looks over the private courtyard garden, this room opens to the high specification, refitted kitchen, with a range of new integrated appliances and quartz worksurfaces, there is a double glazed door leading to the South facing garden.
In addition this property has off road parking and a garage, located in nearby block, there is also a communal garden to the front and external store cupboard.
This property is positioned conveniently, for the High Street, with it's range of coffee shops, restaurants and pubs, as well as Billericay Mainline Railway Station.
Presenting an excellent opportunity for first time buyers, downsizers or investors, looking for an ideal buy to let property with a long lease.
Entrance Hallway - Bedroom - 3.81m x 3.23m reducing to 2.62m (12'6 x 10'7 reduc - Bathroom - 2.01m reducing to 1.75m x 1.85m (6'7 reducing to 5 - Lounge / Diner - 4.88m x 3.23m (16'0 x 10'7) - Kitchen - 3.18m x 1.75m (10'5 x 5'9) - South Facing Courtyard Garden - 5.05m x 4.47m (16'7 x 14'8) - Garage In Block - Off Road Parking Space - No Onward Chain - Lease Information - This property will be granted with a new 999 year lease and a peppercorn ground rent
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.
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