1-bedroom flat · CM5 9JX
For saleListed 77 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
• ground floor apartment • chain free • one bedroom • contemporary shower room • high street location • attractive communal gardens • communal leisure room Overview & Location Situated in the heart of Ongar High Street, this well presented one bedroom ground floor apartment offers comfortable, living exclusively for the over 55's.
Ideally positioned within easy distance of the town's excellent selection of shops, cafés, restaurants and local amenities, the property provides an excellent opportunity for those seeking convenience, security and a welcoming community.
The accommodation comprises a spacious living / dining room, a fitted kitchen, a generous bedroom with built in storage and a contemporary shower room.
Being located on the ground floor, the apartment offers easy access throughout and is perfectly suited to those looking for step free living.
Externally, residents can enjoy beautifully maintained communal gardens, providing a peaceful setting to relax and socialise with neighbours.
Main Accommodation Entrance via part glazed door to entrance hall. Entrance Hall Wall mounted entry phone system. Doors to following accommodation.
Open Plan Kitchen/Dining/Living Room (17' 6" x 21' 3") Kitchen Double glazed window to side elevation. Ceiling cornice.
Fitted with a range of units with contrasting work surfaces and tiled splash backs. Inset one and half bowl sink unit with mixer tap.
Integrated appliances include four ring induction hob with extractor hood above and oven and grill below, low level fridge and freezer and Bosch washing machine.
Living/Dining Room Doube glazed window to rear elevation with attractive communal garden view. Ceiling cornice. Radiator. Bedroom (15' 3" x 10' 8") Double glazed window to front elevation.
Ceiling cornice. Fitted wardrobe. Radiator. Shower Room Recess ceiling lights, ceiling cornice and ceiling mounted extractor fan. Part tiled walls with contrasting floor.
Suite comprises of large walk-in independent shower with glass screen and chrome fitments, vanity mounted wash hand basin with units below and low level wc. Heated chrome towel rial.
Agents Note The Council tax band for this property is band C as set out on the Councils website.
Charges We have been advised by our seller that the lease term is 125 years from 1 October 2003 leaving approximatley 112 years remaining.
We have also been advised the service charge is approximatley £1800 and the ground rent is £90 per annum.
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 Flat 20, Brook Lodge Rear Of 157-16,, High Street, Essex
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