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See how verdicts work4-bedroom detached house · CM16 6LR
Sold STCReduced £51k (−6.8%) on 25 OctListed 401 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
DESCRIPTION A most unusual and interesting property located on a quiet no-through lane in the village of Thornwood, with far-reaching views across farmland and towards Epping Forest.
Originally an individual detached house, New House was extended and reformatted many years ago to create a pair of extremely spacious self-contained maisonettes - a ground floor 1-bedroom unit that includes a DOUBLE GARAGE (with inspection pit) and a first floor 3-bedroom unit - both of which have access to the large southeast-facing garden which extends to almost 1/5th of an acre.
Suitable, in the agent's opinion, for modernisation and reformatting into a single dwelling or pair of semi-detached houses (subject to all necessary permissions), the property offers great versatility for a variety of owners' requirements.
1 NEW HOUSE GROUND FLOOR ENTRANCE HALL LIVING ROOM 14' 1" x 12' 0" (4.29m x 3.66m) KITCHEN 14' 4" x 10' 1" (4.37m x 3.07m) BATHROOM, SHOWER & WC 9' 10" x 8' 8" (3m x 2.64m) BEDROOM 13' 0 (Max)" x 12' 0" (3.96m x 3.66m) DOUBLE GARAGE AND WORK AREA 20' 0 (Max)" x 19' 2 (Max)" (6.1m x 5.84m) Two up and over doors and inspection pit.
2 NEW HOUSE FIRST FLOOR HALLWAY Door out to roof terrace. LIVING ROOM 12' 0" x 14' 4" (3.66m x 4.37m) KITCHEN 8' 9" x 10' 0" (2.67m x 3.05m) BEDROOM 1 17' 1" x 10' 0" (5.21m x 3.05m) Dual aspect.
BEDROOM 2 12' 8" x 9' 7" (3.86m x 2.92m) BEDROOM 3 / DINING ROOM 11' 4" x 12' 2" (3.45m x 3.71m) BATHROOM & WC 8' 1" x 8' 7" (2.46m x 2.62m) ROOF TERRACE A flight of stairs lead down to the gardens at the rear of the building.
EXTERIOR The building stands behind a large area of driveway that provides parking for many vehicles. To the rear is a long lawned garden with 2 outbuildings, each comprising 3 stores.
COUNCIL TAX Council Tax is payable to Epping Forest District Council. The ground floor apartment and first floor apartment are each shown in Council Tax band 'B'.
SERVICES All mains services are understood to be connected. No services or installations have been tested.
TENURE The first floor flat 2 is understood to be leasehold (999 years commencing 25 December 1991) though the entire freehold of the property is included in the sale.
Vacant possession is to be granted upon completion (subject to confirmation by the seller's solicitor). BROADBAND It is understood that Fibre Optic Broadband is available in this area.
AGENT'S NOTE The adjacent property to the east (Pedne) is also available for sale through Stevenette & Company.
This comprises a detached house with a similarly large garden area (the frontage of this property combined with Pedne extending to approx 108 ft / 32m).
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.
Area
Agent & docs
FAQ
About Carpenters Arms Lane, Thornwood
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