1-bedroom flat · CM2 7HF
For saleReduced £10k (−8%) on 25 AugListed 101 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A one bedroom retirement apartment located on the ground floor Palmerston Lodge was constructed by Higgs and Hill Homes and comprises 31 properties arranged over 2 floors.
The Development Manager can be contacted from various points within each property in the case of an emergency.
For periods when the Development Manager is off duty there is a 24 hour emergency Appello call system. Each property comprises an entrance hall, lounge, kitchen, one or two bedrooms and bathroom.
It is a condition of purchase that male residents be over the age of 60 years and female residents over 60 years.
Please speak to our Property Consultant if you require information regarding “Event Fees” that may apply to this property.
Accommodation Electric meter and storage cupboard are outside the flat next to the front door.
Front door to :- Entrance Hall The entrance hall is the location of the main emergency call unit with a second cloak room cupboard. Storage heater. Airing cupboard with insulated hot water cylinder.
Living Room Wall light fittings. Storage heater. Power points. TV aerial point. Telephone point. Emergency pull cord. Kitchen With Window Tiled and fitted with stainless steel sink unit.
Wall and floor cupboards with work tops. Electric cooker. Fridge/Freezer. Power points. Ceiling light. Bedroom Built in wardrobe with hanging rail and shelf over. Storage heater. Wall light fittings.
Power points. Emergency pull cord. Shower Room Tiled and fitted with suite comprising shower unit with grab rail and seat. Emergency pull cord.
WC with low level flush and vanity unit with mirror over. Ceiling light. Heated towel rail. Extractor fan.
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
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FAQ
About 18, Palmerston Lodge, Great Baddow
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