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See how verdicts work2-bedroom flat · IG7 5JP
For saleReduced £10k (−3.8%) on 20 JunListed 561 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Set within a purpose built block is this 2 bedroom apartment spread over approximately 50.6 square meters in Chigwell. To be bought with tenant in situ paying £15,600 per annum.
Set within a purpose built block is this 2 bedroom apartment spread over approximately 50.6 square meters in Chigwell.
The property features a bright and airy reception room with which leads through to the fitted kitchen.
There is a family bathroom which has a bath plus electric shower, 2 bedrooms and a storage cupboard. There are communal gardens as well as 1st come 1st serve off street parking.
The property comes with the added bonus of having a extending lease term to approximately 150 years.
There is a selection of local amenities and great transport links with Hainault Station, Grange Hill and Fairlop Stations all being close by as well as a number of bus routes.
Leasehold: 149 years Service charge - approx £1300 per annum Ground rent approx £10 per annum Coucnil tax: Band B
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 97, Trotwood, Essex
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