2-bedroom flat · CM3 5FW
Let agreedReduced £50 (−4.2%) on 26 AugListed 152 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
First Floor, Two Double Bedroom Flat. The property benefits from being in a town centre location and is conveniently located for Compass Gardens and River Walks.
The accommodation comprises; spacious living room, fitted kitchen, bathroom and two double bedrooms. The property has also been Recently Redecorated throughout and has new carpets.
Externally benefitting from a spacious communal garden and an allocated parking bay with use of the Visitor bays. Council Tax Band: B Hallway Security entry phone system. Carpet. Doors to all rooms.
Living Room 15'7" x 11'1" uPVC double glazed window to front aspect, New wall mounted storage heater, door to; Kitchen 10'6" x 7'4" uPVC double glazed window to front aspect, fitted with a range of base level units and drawers with black roll edge worktops over, inset sink and drainer unit, integrated chrome electric oven with four ring halogen hob and chrome extractor hood over.
A range of matching eye level units, tiling to walls, space for appliances, vinyl tile effect flooring.
Bedroom One 10'10" x 12'3"(Max) uPVC double glazed window to rear aspect, New Wall Mounted Panelled heater.
Bedroom Two 10'8" x 7'8" uPVC double glazed window to rear aspect, heater, laminate flooring.
Bathroom 6'2" x 6'5" Obscured uPVC double glazed window to side aspect, splash back tiling, cream ceramic tiled floor, three piece cream bathroom suite comprising of panelled bath with separate taps and Triton electric shower, pedestal wash hand basin with separate taps and a low level dual flush WC.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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 81, Thornborough Avenue, Chelmsford
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