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See how verdicts work2-bedroom flat · CM1 1RY
For saleReduced £40k (−21.1%) on 25 OctListed 119 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This modern second floor retirement apartment is situated to the rear of the development with views over the Grammar school playing fields.
The building is entered through a security entrance door for residents and visitors with a communal lounge with kitchenette facilities to enjoy.
Inside the apartment, there is an entrance hall with two storage cupboards, a lounge/diner, kitchen with built in appliances, double bedroom with a built in wardrobe and a shower room as well as a second double bedroom/dining room.
Chancellor Court was constructed by Messrs. McCarthy & Stone circa 2007 and has always had a warm, friendly and social feel for those new residents joining should they wish to enjoy.
There is also a 24 hour emergency support helpline via pull cords, an onsite lodge Manager during the week and guest suite, which is adjacent to this apartment, available for family and friends to stay over at a modest price.
Chancellor Court is situated on Broomfield Road which is within walking distance of the City centre, rail and bus stations. Broomfield Road is on a bus route to both the City and Broomfield Hospital.
Tenure: Leasehold Lease: The property was built with a 125 year lease commencing 1/2/2007 .
There are 105 years remaining Service Charge: For the period of 1/3/2026 – 31/8/2026 the service charge is £2,808.27. The service charge is reviewed annually. Ground Rent: £495 per annum.
The ground rent increases every 23 years. The next review date is 2030. This increases with the RPI. Band E is the council tax band for this property with an annual amount of £2,758.36.
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Entrance Hall Lounge 3.4m x 5.21m Kitchen 1.75m x 2.74m Bedroom 1 2.9m x 4.11m Bedroom 2 2.67m x 4.14m Shower room/Wc Outside
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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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.
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FAQ
About Chancellor Court, Broomfield Road, Chelmsford
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