2-bedroom flat · CM8 1YR
Sold STCListed 146 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A well-presented and modern two-bedroom shared ownership apartment, available on a 40% share, ideally situated within the popular Butcher Row development in the heart of Witham, offering stylish accommodation, excellent convenience, and the rare benefit of outside space and allocated parking.
This attractive home features a bright and spacious layout throughout, with a contemporary fitted kitchen offering ample storage and workspace, ideal for both everyday living and entertaining.
The generous living accommodation provides a comfortable and versatile space, while both bedrooms are well-proportioned and thoughtfully presented.
The property also benefits from a modern bathroom finished to a high standard, creating a clean and contemporary feel throughout the home.
Externally, a particular highlight is the private garden area, offering valuable outdoor space rarely found with apartment living, alongside the added convenience of two allocated parking spaces and a secure bike shed for additional storage.
Positioned within easy reach of Witham town centre and Witham railway station, the property is ideally located for commuters, with direct rail links into London Liverpool Street, while also benefiting from excellent access to local shops, schools, amenities, and the A12.
This is an excellent opportunity for first-time buyers or those seeking a well-maintained modern home in a highly convenient location.
Shared Ownership This home is available to purchase on a 40% shared ownership basis for £116,000.
The property has an official Royal Institution of Chartered Surveyors valuation of £260,000, with the remaining 60% owned by the shared ownership provider.
The purchase price reflects an agreed figure for the seller’s share, set with the approval of the shared ownership provider.
Prospective purchasers are advised to check affordability with a mortgage broker or lender and confirm eligibility for the shared ownership scheme prior to proceeding.
Sales Disclaimer These particulars are believed to be correct and have been verified by or on behalf of the Vendor.
However any interested party will satisfy themselves as to their accuracy and as to any other matter regarding the Property or its location or proximity to other features or facilities which is of specific importance to them.
Distances and areas are only approximate and unless otherwise stated fixtures contents and fittings are not included in the sale.
Prospective purchasers are always advised to commission a full inspection and structural survey of the Property before deciding to proceed with a purchase.
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisors before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 Butcher Row, Witham, Essex
Explore nearby