2-bedroom flat · CM7 3TY
Sold STCListed 327 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
DESCRIPTION Secure entry Intercom, door into communal hallway, entrance door into the apartment. HALLWAY 16' long hallway, wall mounted telephone entry com with wall mounted storage heater.
Large storage cupboard housing the hot water cylinder, additional doors to - BEDROOM ONE 10' 11" x 9' 9" (3.33m x 2.97m) Double glazed window to rear, built in double wardrobe.
Panel electric heater BATHROOM Fitted with a white suite comprising wash hand basin, WC, bath with shower attachement BEDROOM 2 9' 10" x 6' 7" (3m x 2.01m) Double glazed window to rear, wall mounted electric panel heater KITCHEN 10' 3" x 6' 4" (3.12m x 1.93m) Double glazed window to front, fitted with a range of wall and base units with work surfaces.
Built in oven and inset electric hob. Inset one and a quarter stainless steel sink with drainer, spaces for appliances.
Wall mounted electric heater LOUNGE/DINER 20' 5" x 10' 3" (6.22m x 3.12m) Good size dual aspect room with double glazed windows to front and rear. Wall mounted electric storage heater.
LEASEHOLD INFORMATION Remaining lease 100 years Service Charge £1643.04 Per Annum (Including water) Ground Rent £150.00 Per Annum AGENTS NOTES Misrepresentations Act 1967: These details are prepared as a general guide only and should not be relied upon as a basis to enter a legal contract or to commit expenditure.
Any interested party should rely solely on their own surveyor, solicitor or other professionals before committing themselves to any expenditure or other legal commitments.
If any interested party wishes to rely on any information from the agent, then a request should be made and specific written confirmation can be provided.
The agent will not be responsible for any verbal statement made by any member of staff, as only a specific written confirmation should be relied upon.
The agent will not be responsible for any loss other than when specific written confirmation has been requested.
The sales particulars may change in the course of time and any interested party is advised to make a final inspection of the property prior to exchange of contracts.
Property Misdescriptions Act 1991: The agent has not tested any apparatus, equipment, fixture, fittings or services and does not verify they are in working order, fit for their purpose, or within ownership of the sellers, therefore the buyer must assume the information given is incorrect.
Neither has the agent checked the legal documentation to verify legal status of the property. A buyer must assume the information is incorrect until it has been verified by their own solicitors.
Nothing concerning the type of construction, condition of the structure or its surroundings is to be implied from the photograph, artist's impression or plans of the property.
In order to comply with Anti Money Laundering (AML) regulations, Estate Agents are required to carry out identity checks and due diligance on all prospective purchasers.
Please note that a memorandum of sale cannot be sent to conveyancers until the checks have been completed.
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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FAQ
About The Yard, Braintree
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