2-bedroom flat · CM3 4JQ
Sold STCListed 366 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated in a sought-after location in grounds of approximately 5 acres this well presented leasehold first floor apartment offers lift facilities and provides a comfortable and convenient lifestyle for those over the age of 60 looking to downsize or enjoy retirement.
ACCOMMODATION Upon entering the apartment you are greeted by an inviting and spacious entrance hall with video entry for door release and built in storage cupboard.
It provides access to the two well-proportioned bedrooms and a separate shower room.
The living room provides a relaxing space and features a decorative fireplace and enjoys views over the communal gardens.
The kitchen area is fitted with shaker style units with laminate worktops and includes appliances comprising an electric oven and hob, dishwasher and integrated fridge/freezer.
The apartment also boasts double glazed sash windows, calor gas central heating and a parking area for residents and visitors.
OUTSIDE One of the standout features of this development is the expansive 4-acres of communal gardens which are a haven for wildlife and provide residents the chance to enjoy the picturesque surroundings and take leisurely walks amidst the beautiful greenery.
COMMUNAL FACILITIES Residents also have access to a large communal lounge overlooking the well-maintained gardens and this space is ideal for residents to socialise in and enjoy the serene surroundings as well as attending the weekly coffee mornings held.
Lease - A 125 year lease commenced on 25th March 2001. Service Charge - The seller informs us that current charges are £4,140 PA and are paid on a quarterly basis in arrears.
We are also informed that this charge includes a weekly bed change, bedding and towel laundry, weekly clean of approximately 1 hour, twice daily visit from support worker if required.
Other Services/Charges - We are informed that lunch and evening meals are available at an additional cost.
Value & comps
No previous sales on record.
Returns
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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 Gay Bowers Road, Danbury, Chelmsford, CM3
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