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See how verdicts work2-bedroom bungalow · CM5 0FJ
Listing removedListed 116 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Constructed in 2011 and benefitting from being within walking distance of Ongar High Street, Ongar Primary School and The Ongar Academy, is this two double bedroom semi-detached bungalow which is available to purchase on a 25% shared ownership scheme.
The property has a spacious lounge, kitchen/diner and bathroom, along with off street parking to the side and a lovely, easy to maintain rear garden.
The property would make an ideal purchase for a first-time buyer, or for someone looking to downsize.
Viewers will note that the property is also available to purchase at 100% share, subject to approval.
Entering the property a bright and spacious hallway has doors to all rooms, along with a large cupboard, proving excellent storage options.
Overlooking the front of the property, a spacious kitchen / diner is fitted in a range of wall and base units, with integrated appliances including an oven and hob with extractor above.
There is additional space for freestanding appliances and enough space for a family sized dining table and chairs.
The lounge is a good sized room with a door to the rear which gives access into the garden.
The property has two, double bedrooms, both have plenty of space for either freestanding or fitted furniture.
Finishing the internal accommodation is a spacious family bathroom which has a panelled bath with shower over, wash hand basin and w.c.
At the rear of the property there is a private, easy to maintain garden with patio and neat lawn, raised flower beds to the borders and a timber framed shed.
There is a gate which gives side access through to the parking space at the side. ** Viewers will note that this property is also available to purchase up to a 100% shared ownership basis.
Entrance Hall Large storage cupboard. Doors to all rooms. Kitchen / Diner (3.66m x 3.20m (12' x 10'6)) Window to front aspect.
Lounge (4.67m x 3.51m (15'4 x 11'6)) Window to rear aspect and door into garden. Bedroom One (4.04m x 3.00m (13'3 x 9'10)) Window to rear aspect.
Bedroom Two (3.86m x 3.00m (12'8 x 9'10)) Window to front and side aspects. Bathroom Exterior - Rear Garden Parking Parking space to the side.
Agents Note - Shared Ownership ** Please note : Applicants offering on the property will need to meet conditions and be approved by the housing association to proceed with any purchase.
You’ll need to meet the following criteria to be eligible for shared ownership: * You must be aged 18 or over * Your annual household income must be less than £80,000 (£90,000 in London); * You don’t already own a property, or part of a property, at the time of completing your purchase.
* You’ll need to have a good credit history and have some savings (minimum of £5,000) to cover the costs involved in buying a home.
You must also be able to keep up with the monthly rent and mortgage repayments.
For this property there is a monthly rent payable of £721.26 for the remaining 75% share of the property which is payable to the housing association.
Service charge : £60.14 per month Property is available to purchase at 100% ownership – £112,500 (subject to approval) 125 Year lease from April 2011 Agents Note - Fee Disclosure As part of the service we offer we may recommend ancillary services to you which we believe may help you with your property transaction.
We wish to make you aware, that should you decide to use these services we will receive a referral fee. For full and detailed information please visit 'terms and conditions' on our website
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 2 Barker Way, Acres Avenue, Ongar
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