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See how verdicts work1-bedroom flat · CM2 6JQ
For saleListed 61 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Redecorated and well presented ground floor one bedroom retirement apartment with no onward chain, conveniently positioned close to the residents lounge area.
Extended 98 year lease, double glazed windows, City centre location and just a short distance from a major supermarket.
Entrance Hall Double storage cupboard, doors to Lounge (5.18m x 3.18m) Window to front, recently replaced storage heater.
Kitchen (2.41m x 1.78m) Range of base and wall level fitted units with white doors complimented by roll top work surface, space for oven, single drainer stainless steel sink unit, space for fridge freezer, tiled splash backs.
Bedroom (4.17m x 2.92m) Window to front, fitted wardrobe. Shower Room White suite comprising of a low level w.c, wash hand basin, double shower cubicle, tiled walls.
Communal Grounds There is residents parking and communal gardens.
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 8, Balmoral Court, Springfield Road, Chelmsford
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