1-bedroom flat · CM2 6JQ
For saleListed 211 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A well presented one bedroom top floor retirement apartment in a most conveniently situated complex at the bottom end of Springfield Road close to Tesco's and the High Street.
It comprises an entrance hall, lounge which opens to the kitchen, bedroom and refitted bathroom. Competitively priced and hence a viewing is recommended!
Entrance Hall Built in cupboard, night storage heater, security entry phone, coved ceiling, doors to Lounge (5.23m x 3.20m) Night storage heater, double glazed window, coved ceiling, wide opening to Kitchen (2.41m x 1.78m) Inset single drainer sink unit with working surface and drawers and cupboards under, space for cooker and fridge / freezer, tiling over worktops, eye level cupboards, coved ceiling.
Bedroom (3.53m x 2.92m) Clear floor space. Built in mirror fronted wardrobes cupboards, double glazed window, coved ceiling.
Bathroom Refitted with a modern white suite comprising panel enclosed bath, low level w.c, pedestal wash hand basin, fully tiled walls, fitted grab rails, towel warmer, electric down flow heater, extractor fan.
Parking Communal parking area at the rear of the complex
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 211, Balmoral Court, Springfield Road, Chelmsford
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