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See how verdicts work2-bedroom flat · CM2 6UP
For saleReduced £10k (−4.3%) on 3 JulListed 132 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A rarely available top floor apartment with a spacious 17’ lounge and two good sized bedrooms, located in a quiet cul-de-sac in Chelmer Village, close to the city centre and local amenities.
Offering reasonable annual service charges....Perfect for first time buyers or investors!
Also offering a re-fitted kitchen, modern bathroom, entrance hall, a 14’ master bedroom, communal gardens and allocated parking, with further visitor spaces available. Call Hamilton Piers to view!
Communal Entrance: Secure buzzer entry system into communal entrance with stairs to second floor apartment. Entrance Porch: Door into entrance porch, storage cupboard, door into apartment.
Inner Hallway: Entrance door into hallway, airing cupboard, wood flooring, doors to- Lounge Diner: (5.21m x 3.81m (17'01" x 12'06")) Double glazed picture window to front, opening to kitchen, electric radiator, wood flooring.
Kitchen: (2.77m x 2.41m' (9'01" x 7'11')) X2 Velux windows to front, round edge worktops with stainless drainer sink inset, electric hob with extractor over, matching wall and base units, integrated oven, tiled splashbacks, space for fridge freezer, washing machine, dishwasher, wood flooring.
Bedroom One: (4.50m x 2.67m (14'09" x 8'09")) X2 Velux windows to rear, electric radiator. Bedroom Two: (2.67m x 2.62m (8'09" x 8'07")) X2 Velux windows to rear, radiator.
Bathroom: (2.77m x 1.75m (9'01" x 5'09")) Bath with shower over, pedestal hand basin, low level w/c, fully tiled, chrome heated towel rail.
Exterior: Small communal garden to rear, with parking to front of building. Parking & Leasehold Information: Allocated parking for one vehicle, with further visitor bays available.
Years remaning on lease- 89 years. Ground rent- £50 pa Service charge £1458 pa
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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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
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FAQ
About 61, Fawkner Close, Chelmsford
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