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See how verdicts work2-bedroom flat · CM3 1SG
Listing removedReduced £5k (−2.3%) on 6 SepListed 449 days
Opportunity summary
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About
Boasting a spacious triple aspect 24' open plan living space with juliette balcony, modern kitchen, newly redecorated bathroom and enclosed communal gardens is this two double bedroom ground floor apartment.
Benefiting from allocated parking (plus visitors spaces to rear), fairly priced service charges and very well-presented throughout.
Ideally located within the sought after village of Great Leighs, within walking distance to local amenities and just 4 miles to Chelmsford's Park & Ride Facility. Perfect for first time buyers!
***guide price £215,000 - £225,000*** Ground Floor: Entrance Hall: Double glazed window to rear, doors to living area, bedroom one, bedroom two, bathroom, cupboard, radiator, wood effect flooring.
Living Area: (7.57m x 4.50m > 3.02m (24'10" x 14'9" > 9'11")) Double glazed bay window to front, double glazed windows to side and rear, radiator, open plan to:- Kitchen: Range of wall and base units, rolled edge work surfaces with butler sink, integrated double oven, fridge freezer, hob, dishwasher, washing machine, breakfast bar with seating for 2, boiler to cupboard, part tiled walls, wood effect flooring.
Bedroom One: (4.85m x 3.02m (15'11" x 9'11")) Double glazed window to front, radiator. Bedroom Two: (3.51m x 2.62m (11'6" x 8'7")) Double glazed window to front, radiator.
Bathroom: (2.13m x 1.93m (7' x 6'4")) Obscure double glazed window to rear, p shaped bath, low level W/C, radiator, part tiled walls, tiled flooring.
Exterior: Well kept communal gardens Communal Gardens: Communal gardens to property rear, enclosed by fencing and comprising of mainly lawn with double gates giving access to bin store and rear parking area.
Parking: One allocated parking space to rear and free for all parking to property frontage. Leasehold Information: No.
Of years remaining on lease: 81 Service Charge: Approx £271.20 quarterly Ground Rent: 0 We have been made aware by the current owner that the lease can be extended to 99 years at a cost of approximately £4000-£7000.
Council Tax Band: C
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
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 starting price
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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
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FAQ
About 85, Shimbrooks, Great Leighs
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