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See how verdicts work1-bedroom flat · CM2 7HF
For saleListed 1 day
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
** ASKING PRICE OF £120,000 ** Offered with the added advantage of NO ONWARD CHAIN.
This well-presented one-bedroom ground floor retirement apartment, ideally located just 0.1 miles from The Vineyards.
The property provides comfortable and convenient accommodation, ideally suited to those seeking independent living in a peaceful and well-maintained setting.
The apartment benefits from a practical layout, with well-proportioned accommodation and easy ground floor access.
Further advantages include residential parking and nicely kept communal gardens, providing an attractive outdoor space for residents to enjoy.
Ideally suited to those looking to downsize, this appealing property offers comfortable retirement living in pleasant surroundings.
SERVICE CHARGE: £3,403.05 per annum GROUND RENT: £160.00 per annum LEASE LENGTH: 61 years remaining approx.
COUNCIL TAX BAND: B Entrance via Communal entrance door to: Communal Hall Access to: Entrance Hall 10'2 x 9'8.
Storage cupboards, textured ceiling with cornice coving, doors to accommodation. Living Room 14'1 x 10'4.
Double glazed window to side, radiator, textured ceiling with cornice coving, door to: Kitchen/Diner 14'1 x 6'1.
Double glazed window to side, range of base level units with work surfaces over, inset sink drainer unit, integrated Zanussi oven, inset electric hob, space for further appliances, range of matching eye level cupboards, tiled flooring, complementary tiled splash backs, textured ceiling.
Bedroom 15'3 x 9'1. Double glazed window to rear, range of fitted wardrobes with sliding doors, radiator, textured ceiling with cornice coving. Shower Room 7'1 x 6'3.
Suite comprising: walk-in shower with wall mounted shower, pedestal wash hand basin with mixer tap, low level wc with push flush.
Heated chrome towel rail, laminate flooring, complementary tiling to walls, textured ceiling. Exterior Residents parking. Communal gardens.
Agents Note Please note that the bedroom has been virtually staged for marketing purposes only.
Buyers Information Pack Please see below the link to access the Buyers Information Pack/TA forms: ad893a6a5a
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 Palmerston Lodge, High Street, Great Baddow, Chelmsford, CM2
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