2-bedroom house · CO9 2FA
Listing removedListed 122 days
Opportunity summary
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About
Retire in Style to North Mill Place ***Awaiting EPC*** A well presented two bedroom ground floor apartment with garden room, generous patio garden and garage, set in landscaped courtyards.
The property is located on a purpose-built retirement development for the over 55s.
Management services are provided by Cognatum Estates, a not-for-profit organisation and one of the UK's leading companies in retirement housing.
North Mill Place is a fascinating place to live, built on the site of a mill that was operated by the same family for 250 years and with many of the original buildings and pieces of machinery still preserved, including the millstone.
Converted period buildings face the old mill yard and there are two- and three-bedroom cottages built in the former paddock, now a delightful courtyard with a pond.
Halstead is a quintessential English country town on the Essex/Suffolk border.
The high street has excellent shops, offering two supermarkets, a delicatessen, a number of independent retailers, several banks, a leisure centre with a swimming pool, a library and a range of restaurants, pubs and cafés.
There is also a theatre, the Queens Hall, and the public gardens play host to various band concerts all through the summer.
Two golf clubs are close by and ramblers are well-served by a river walk that runs through the town.
Marks Hall Gardens and Arboretum, just eight miles down the road, features an impressive global tree collection set in more than 200 acres of historic landscape, and the 110-foot Norman keep at Hedingham Castle and the luxurious traditional mansion at Kentwell Hall are also near by.
Cognatum Estates Limited maintains, repairs and insures all the buildings, arranges the window cleaning and refuse collection and tends to the gardens and grounds thereby freeing owners and residents from these responsibilities.
There is a laundry room on-site and a guest suite provides comfortable accommodation for family and friends. A minibus is available to take residents on regular shopping trips.
Resident Estate Managers make this an ideal 'Lock Up & Leave' property and are on hand to provide support and help when needed.
The cost of providing these services is shared equally between all properties. 150 year lease (from 1995), no ground rent and 55+ age covenant.
Please Note: Upon resale of the property, Cognatum Estates management company charge £500 plus VAT for the leasehold pack, payable by the vendor. For viewings please contact the Estate Manager /
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.
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