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 work2-bedroom bungalow · CM2 9QL
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This older style semi-detached bungalow is located in the heart of Chelmsford, and is for sale with no onward chain.
Inside, there is a through lounge/diner, providing a versatile space for entertaining, two double bedrooms and a bathroom off the kitchen.
Outside, there is a large garden and the possibility of creating a driveway to front like many others in the street (subject to the usual planning requirements).
The property provides the perfect opportunity for buyers to purchase a freehold home within this price range, offering excellent potential to extend and remodel.
Wallace Crescent is a quiet road predominantly lined with bungalows and is situated within walking distance of the City and a Tesco Superstore, there are also excellent road links to the A12 & A414.
The City of Chelmsford has a bustling and vibrant High Street full of places to shop, eat and drink.
The railway station has a frequent service to London Stratford from 31 minutes and Liverpool Street from 36 minutes.
Tenure: Freehold The Council tax for this property is band C with an annual amount of £1,926.96. As an integral part of the community, we have got to know the best professionals for the job.
If we recommend one to you, it will be in good faith that they will make the process as smooth as can be.
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You are under no obligation to use a third party we have recommended.
Should you successfully have an offer accepted on a property of ours and proceed to purchase it there is an administration charge of £36 inc.
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Entrance hall Lounge 3.81 m x 3.07 m (12'6" x 10'1") Dining area 3.73 m x 3.07 m (12'3" x 10'1") Kitchen 2.31 m x 2.36 m (7'7" x 7'9") Bedroom 1 3.89 m x 2.95 m (12'9" x 9'8") Bedroom 2 2.95 m x 2.64 m (9'8" x 8'8") Bathroom Outside Front garden Rear garden 20.12 m x 7.01 m (66'0" x 23'0")
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 Wallace Crescent, Chelmsford
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