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 flat · CM1 1GN
Sold STCReduced £30k (−13%) on 25 OctListed 194 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This first floor apartment offers approximately 835 sqft of well-designed accommodation, making it an ideal purchase for a first-time buyer or anyone looking for an easy commute into London.
Perfectly positioned just 0.1 mile from Chelmsford train station, the property combines convenience with modern living.
Inside, you’ll find two generously sized double bedrooms, both benefiting from fitted wardrobes, with the master bedroom further enhanced by an ensuite.
The apartment also features a bright and spacious living area, ideal for both relaxing and entertaining, alongside a well-appointed kitchen and contemporary bathroom.
Residents enjoy a range of premium amenities, including a secure underground allocated parking space, concierge service, private residents’ gym, and access to a communal first-floor terrace—perfect for unwinding or socialising.
With approximately 135 years remaining on the lease, this property offers long-term peace of mind and represents excellent value. Priced to sell, this is a fantastic opportunity not to be missed.
Tenure: Leasehold Lease: The property was built with a 155 year lease commencing 01/12/2006 .
There are 135 years remaining Service Charge: £4,542.22 per annum from 01/04/2026 to 30/09/2026, paid in two half yearly advance instalments of £2,271.11. The service charge is reviewed annually.
Costs to be confirmed Ground Rent: £264 per annum.
Plus any review dates, the amount by and when its next due to be reviewed Council Tax: Band E is the council tax band for this property with an annual amount of £2,649.57.
As an integral part of the community, we’ve gotten to know the best professionals for the job. If we recommend one to you, it will be in good faith that they’ll make the process as smooth as can be.
Please be aware that a small number of the parties we recommend (certainly not the majority) may on occasion pay us a referral fee up to £200.
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.
VAT per person (non-refundable) to complete our Anti Money Laundering Identity checks.
Entrance hall Kitchen/living room 5.0m x 7.11m Bedroom 1 2.72m x 3.48m Ensuite Bedroom 2 2.82m x 3.53m Bathroom
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
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FAQ
About Wells Crescent, Marconi Plaza, Chelmsford, Essex
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