We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work1-bedroom flat · RM12 6BN
Listing removedReduced £10k (−5%) on 7 SepListed 156 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
• guide price £200,000 - £225,000 • no onward chain • one bedroom • first floor retirement flat - over 60s only • situated 0.4 miles to hornchurch district line station • guest suite • warden controlled • lift access to all floors • communal parking • communal gardens Lease Remaining: 97 years approx.
Service Charges: £1,504.06 per annum. Estate and Management Fees: £323.11 bi-annually. Council Tax Band: C. Entrance Via Entrance door to: Entrance Hall Storage cupboard, doors to accommodation.
Bedroom 19'2 x 9'4 max. Double glazed window to front, emergency pull cord, textured ceiling with cornice coving. Lounge/Diner 23'5 x 10'6.
Double glazed window to front, wall mounted heater, emergency pull cord, textured ceiling with cornice coving, double doors to: Kitchen 7'7 x 7'.
Double glazed window to front, range of base level units and drawers with work surfaces over, inset stainless steel sink drainer unit with mixer tap, integrated Electrolux eye level oven, inset electric hob with extractor hood over, space for further appliances, emergency pull cord, complementary tiling to walls, range of matching eye level cupboards Bathroom/wc Suite comprising: Panelled bath with glazed shower screen, telephone style m mixer tap shower attachment and wall mounted shower, pedestal wash hand basin, low level wc with push flush.
Heated towel rail, emergency pull cord, complementary tiling to walls, textured ceiling. Exterior Communal parking.
Communal gardens with mature trees and shrubs, neatly tended lawn areas and patio areas. Buyers Information Pack Please see below the link to access the Buyers Information Pack/ta forms: Fb2f6dd0b0e
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
Short-let restrictions apply
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 Flat 34,, Draper Court, Hornchurch
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