We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom house · RM16 3GT
Sold STCListed 222 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
We are delighted to receive instructions on this two bedroom detached coach house that is of a spacious design throughout.
The property positioned in this cul-de-sac location within a sought after village and complemented by having it's own private rear garden, attractive fitted kitchen / lounge diner and two good size bedrooms.
On the ground floor having a garage which has been converted to the rear being ideal as a study or storage room and being offered with no upward chain, leaves us to recommend an early internal viewing.
Entrance approach via double glazed street door to ENTRANCE HALL Fitted carpet. Radiator. Door to GARAGE 11'5 x 6'3. Converted to the rear. Ideal for study or storage room. Light and power supplied.
Further storage area to front. FIRST FLOOR LANDING. Fitted carpet. Cupboard housing boiler serving central heating and domestic hot water system. Radiator. Sky light window. BEDROOM ONE 9' x 7'4.
Double glazed window to front, Fitted carpet. Range of built in white wardrobes. Inset bed frame to remain if required. Power points. SPACIOUS BATHROOM Velux sky light window.
Comprising of low flushing w.c. Pedestal wash hand basin. Shaver point. Inset panelled bath with independent shower over. Tiled walls. Contrasting tiled flooring. Radiator. Finished in white.
BEDROOM TWO 10'8 x 7'1. Double glazed window to front. Fitted carpet. Radiator. Shelves. Power points. FITTED KITCHEN / LOUNGE DINER 17'10 x 14'1.
Double glazed window to front and double glazed velux window to rear. Featuring a range of contrasting units with inset single drainer sink unit. Contrasting worktop top. Tiled splashbacks.
Small breakfast bar with seating. Built in oven hob and extractor fan. Integrated fridge. Two radiators. LED lighting. Central heating thermostat. T.V point. Power points. PRIVATE REAR GARDEN Paved.
Artificial grass. Fencing to boarders. Light and power supplied. Access via side walkway. Ample parking to the front of the property.
Lease; approximately 980 years (To be confirmed) Management fee - £600.00 per annum (To be confirmed) The agent has not tested any apparatus, equipment, fixtures, fittings or services so can not verify that they are in working order or fit for their purpose.
The buyer is advised to obtain verification from their solicitor.
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
Agent & docs
FAQ
About Randall Drive, Orsett Village, RM16
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