We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work1-bedroom flat · CM1 1QN
Sold STCListed 369 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated within the City Centre and within striking distance of Chelmsford mainline train station is this one bedroom well equipped fifth floor apartment.
The apartment comes with integrated appliances within the kitchen, has electric under floor heating, a balcony and secure parking.
ENTRANCE HALL Amtico style flooring, storage cupboard housing water heater, doors to OPEN PLAN LOUNGE / KITCHEN 7.26m (23'10) x 3.66m (12') LOUNGE AREA Amtico style flooring, door giving access to balcony, open plan to KITCHEN AREA Well equipped and fitted in modern wall and base level units with square edge worktops, inset single bowl stainless steel sink unit with mixer taps, integrated appliances include a four ring electric hob with cooker hood above, base oven, fridge/freezer, microwave and dishwasher, splash back tiling.
BEDROOM 4.85m (15'11) x 2.79m (9'2) Double glazed window to rear, built in wardrobe, access to Jack and Jill bathroom.
BATHROOM White suite comprising panel enclosed bath with glass screen and shower over, wash hand basin with mixer taps, low level w.c with concealed cistern, tiling to walls and floor, large mirror and towel rail.
CAR PARK We understand from the seller that there is one allocated parking space for this apartment. COMMUNAL AREAS Central communal area with seating.
AGENTS NOTE This apartment is also available to buy through the Shared Ownership scheme with a 40% share offered at £88,000.
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 advisers 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 Newcombe Court, CM1
Explore nearby
