3-bedroom flat · RM2 6AU
Sold STCListed 138 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
• THIS PROPERTY IS SOLD STC & HAS BEEN RESERVED WITH BALGORES SECURE • ** GUIDE PRICE £350,000 - £375,000 ** • LOCATED WITHIN 500' OF GIDEA PARK STATION • THREE DOUBLE BEDROOMS • SPLIT LEVEL MAISONETTE OVER THREE FLOORS • IMPRESSIVE 15' KITCHEN / DINER • 14' LOUNGE • FIRST FLOOR FAMILY BATHROOM • COUNCIL TAX BAND: C Lease Remaining: 87 years Ground Rent: £125 bi annually Service Charge: £100 per month Door to entrance hall Smooth ceiling, radiator, stairs to the first floor, under stairs storage.
Kitchen / Dining Room 15'1 x 11'7.
Double glazed window to the front, smooth ceiling, eye and base level units with Zenith worksurfaces over, one and a half sink drainer unit with mixer tap, Siemens fridge / freezer to remain, Beko dishwasher, Zanussi oven, Zanussi microwave, Electrolux induction hob, space for washing machine.
Lounge 14'7 x 13'. Window to the rear, smooth ceiling, radiator, feature fireplace. First floor landing Stairs to the second floor. Bedroom One 14'5 x 13'1.
Window to the rear, smooth ceiling, radiator. Bedroom Three 15'1 x 8'6. Double glazed window to the front, smooth ceiling, radiator.
Bathroom Obscure double glazed window to the rear, smooth ceiling, low level wc, radiator, bath with mixer tap, rain style and hand held shower, extractor fan, sink unit with mixer tap.
Second Floor Bedroom Two 13' x 11'9. Two double glazed windows to the front, smooth ceiling, radiator, storage cupboards. Exterior Communal gardens.
Buyers information pack Please see below a link to the Buyers Information Pack / TA Forms: a15871b03a0d
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
FAQ
About Balgores Square, Gidea Park, RM2
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