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See how verdicts work2-bedroom flat · CM1 1TG
Sold STCReduced £15k (−5.9%) on 25 OctListed 235 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Located in the heart of the city centre, this spacious two bedroom ground floor maisonette features a private garden and is offered with the advantage of no onward chain.
The property boats a brand-new kitchen, new floor coverings, internal redecoration and a brand-new bathroom suite. In addition, the property will come with a new 125 year lease.
The accommodation includes: entrance hallway, open-plan new kitchen/diner, lounge with alcove ideal for a study area, Two double bedrooms with the master having fitted four door wardrobes, new bathroom , rear lobby and utility area.
Outside the property has its own low maintenance garden with storage shed, whilst to the front there is a small lawned area retained by a brick wall.
We understand the street offers resident permit parking.
Conveniently located, Chelmsford City Centre offers the Bond Street shopping complex, featuring John Lewis and a variety of established brands and dining options.
Chelmsford Railway Station is approximately a 5 minute walk away, making this property ideal for commuters or inventors.
An early viewing is highly recommended to fully appreciate this exceptional maisonette.
ENTRANCE HALL OPEN PLAN KITCHEN/DINER 11'10 x 7' Brand new kitchen fitted with a range of light grey high gloss base units and drawers, with matching eye level cupboards.
Black granite effect worktops, hob with oven below and hood over, space for fridge/freezer, Double glazed window to front, radiator, under stairs cupboard LOUNGE 12' x 10'11, Plus 6'3 x 6'2 study alcove, Feature fireplace, double glazed window to rear aspect, radiator BEDROOM ONE 11'11 x 11'11: double glazed window to front aspect, radiator, fitted natural wood four door wardrobe.
BEDROOM TWO 11,11 x 8'8: double glazed window to rear aspect, radiator.
BRAND NEW BATHROOM White suite to include paneled bath with mixer tap/shower, vanity wash hand basin, low level flushing WC, shower panels to one wall.
REAR LOBBY Half glazed door providing access into rear garden, door providing access into: UTILITY ROOM plumbing for washing machine EXTERIOR low maintenance triangle shaped garden with raised patio area.
Brick built storage shed COUNCIL TAX BAND TBC LEASE new 125 year lease to be granted GROUND RENT £50 pa
Value & comps
No previous sales on record.
Returns
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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
Agent & docs
FAQ
About Coval Lane, Chelmsford, Essex, CM1
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