2-bedroom bungalow · CM3 2QG
For saleReduced £50k (−9.1%) on 16 OctListed 31 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
*parking * large garden * detached characterful home * Bear Estate Agents are delighted to bring to the market this charming cottage-style detached bungalow, ideally positioned in a peaceful semi-rural location and enjoying stunning views across the surrounding countryside.
The property benefits from generous off-street parking, with convenient side access leading to a beautiful rear garden.
Inside, the accommodation comprises a welcoming lounge with a feature fireplace, a separate dining area with a second feature fireplace and double-glazed French doors opening onto the rear garden, two generously sized double bedrooms and a spacious family bathroom.
Sitting Room (3.76m x 3.18m (12'4 x 10'5 )) Double glazed window to the front, exposed wooden beams throughout, wall mounted radiator, feature fireplace with brick surround, power points and wooden flooring throughout.
Kitchen Diner (5.54m x 3.28m (18'2 x 10'9)) Smooth ceiling with inset lighting, exposed wooden beams, double glazed windows to the rear aspect, one and a quarter bowl sink, tiled splashbacks, eye and base level units, integrated Neff appliances, oven and microwave, ceramic hob with extractor fan above, fridge freezer, washing machine and dishwasher, wooden flooring throughout, feature fireplace with brick surround, wall mounted radiators, power points, further storage and double glazed French doors accessing the rear.
Hallway Exposed wooden beams, pendant ceiling light, wooden flooring throughout and access to both bedrooms and family bathroom.
Bedroom One (3.66m x 2.77m (12'0 x 9'1 )) Double glazed window to the front aspect, exposed wooden beams, pendant ceiling light, space for storage, power points and carpeted flooring throughout.
Bedroom Two (3.38m x 2.46m (11'1 x 8'1 )) Double glazed window to the side aspect, wall mounted radiator, space for storage, power points and carpeted flooring throughout.
Bathroom Obscure double glazed windows to the side, exposed wooden beams, freestanding bath with shower head attachment, walk in shower cubical, wash hand basin, airing cupboard, WC and tiled flooring throughout.
Exterior Beautiful views of the countryside, mature shrubs and flowers, three timber outbuildings and access to the front aspect.
Value & comps
No previous sales on record.
Returns
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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 5, Mill Lane, Chelmsford
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