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 2ES
For saleReduced £15k (−7.3%) on 25 OctListed 441 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
** GUIDE PRICE £205,000 - £225,000 ** Presenting to the market this well-appointed two-bedroom flat, offered with no onward chain and appealing to first-time buyers and investors alike.
Accessed via a secure communal entrance, the property is situated within a desirable area with excellent transport links nearby and Chelmsford City Centre just a short drive away, providing extensive shopping, dining, and leisure facilities.
Everyday essentials are well catered for, with local amenities, public transport, and green spaces all within easy reach.
The flat features a light and airy reception room, beautifully enhanced by a Juliet balcony that provides a pleasant outlook and invites an abundance of natural light—a perfect space for entertaining or relaxing.
The separate modern kitchen area creates a practical and functional workspace for everyday living.
The accommodation comprises two well-proportioned double bedrooms, offering flexible space for a variety of lifestyles.
The principal bedroom benefits from the privacy of an en-suite, delivering convenience and comfort, whilst the second bedroom provides a spacious and versatile retreat for family or guests.
The contemporary bathroom is fitted with a free-standing bath, combining style and relaxation for your daily routine.
This property stands out for its convenience and contemporary design, making it a superb opportunity for those seeking a stylish home or a smart investment in a prime location.
Early viewing is highly recommended to appreciate everything this residence has to offer.
Disclaimer - Whilst we make enquiries with the Seller to ensure the information provided is accurate, Cowling & Payne makes no representations of any kind with respect to the statements contained in the particulars which should not be relied upon as representations of fact.
All representations contained in the particulars are based on details supplied by the Seller. Your Conveyancer is legally responsible for ensuring any purchase agreement fully protects your position.
Please inform us if you become aware of any information being inaccurate.
Money Laundering Regulations - Once your offer has been accepted and you proceed with the purchase, a non-refundable administration fee of £50 (including VAT) per person will be required to complete our Anti-Money Laundering identity verification process.
Once completed, along with other necessary documentation requested the property will be advertised as STC.
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
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 starting price
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 Hobart Close, Chelmsford
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