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See how verdicts work2-bedroom flat
For saleListed 9 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
** open house - Saturday 24 October 11AM - 12.30PM - call Beresfords to confirm your viewing ** Well-presented first floor two-bedroom apartment located on this popular residential location.
Accommodation offers, communal door, stairs to first floor. Entrance hall, living room, modern kitchen, two good sized bedrooms and bathroom.
Externally the property offers on road parking and its own garden with shed and a further brick built shed.
Further benefits include a recently installed new boiler; double glazed windows and the current owner is in the process of renewing the lease for an extra 90 years making the lease on legal completion 176 years.
Located within easy reach of Braintree Town Centre and 1 mile from Braintree Train Station and a choice of local Schools within a quarter of a mile radius.
An early internal viewing is highly recommended, please contact Beresford's to arrange.
Communal Entrance Stairs leading to first floor Entrance Hall Living Room (13' 1" x 10' 10") Bathroom Kitchen (7' 3" x 7' 10") Bedroom 2 (6' 9" x 11' 2") Bedroom 1 (10' 10" x 9' 10") Outside Garden Own Garden with brick built shed and shed to remain.
Fully enclosed.
Agents Note: Tenure - Leasehold Ground Rent - £30 per annum (tbc) Service Charge - £1,526.13 Lease - 86 years The current owner is in he process of increasing the term of the lease by 90 years, making the lease 177 upon legal completion.
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 Lancaster Way, Essex
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