1-bedroom flat · CM1 4EY
For saleListed 106 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A modern ground floor maisonette with it's own patio area located just over a mile from Chelmsford railway station, making it the perfect location for commuters.
Inside, there is an open plan lounge/kitchen with a range of built-in and integrated appliances, a double bedroom a modern bathroom completes the property.
One of our favourite features is the bright and airy feel throughout, with plenty windows throughout allowing plenty of natural light to flood the rooms.
Outside, there is an allocated parking space and communal garden space to rear.
Third Avenue is a sought after tree lined turning situated off of Broomfield Road and is positioned just over a mile from the railway station.
Chelmsford station has a frequent service to London Stratford from 31 minutes and Liverpool Street from 36 minutes.
The City has a wide range of places to shop including the popular Bond Street area with numerous stores including John Lewis, restaurants and an Everyman Cinema to name a few. Tenure: Leasehold.
Council Tax: The council tax band for the property is B with an annual amount of £1,686.09. Lease length: 125 Years from 1 January 2010 with 109 remaining years.
Ground rent: £300 per annum for the first 25 years of the term, thereafter doubling every 25 years.
"The Government has published draft leasehold reform legislation which proposes capping ground rents at £250 per year (and reducing to a peppercorn after 40 years) once enacted, potentially from late 2028, subject to parliamentary approval.” Service charge: For the period of 1 January - 31 December 2026 the service charge is £3,193.75.
Please note the service charge includes a schedule of improvement works commencing in March 2026.
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Entrance hall Open plan lounge/kitchen 3.63m x 5.92m Bedroom 4.11m x 3.12m Bathroom Communal garden Allocated parking
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
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FAQ
About Third Avenue, Chelmsford
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