2-bedroom flat · CM1 3GW
For saleReduced £5k (−2.6%) on 25 JulListed 225 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Guide price £210,000 - £220,000....
This first floor apartment offers a total area of 46 square meters, the accommodation consists of two bedrooms, an open plan living area with separate kitchen, and a family bathroom.
This comfortable and compact property is well laid out, with an intuitive floor plan to optimize space and convenience.
The area is well-served by public transport with Chelmsford station and a bus station within easy reach.
Further enhancing this property's desirable location is the proximity to the city centre - the heart of local activity.
A variety of amenities are on the doorstep, from essential services to leisure facilities.
Enjoy a vast selection of restaurants and bars in the immediate area, perfect for social gatherings or relaxed evenings out.
Additionally, the local theatre adds a dash of culture to this vibrant community. This property presents a chance to acquire a residence in a lively, well-served location. EPC rating: C.
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
FAQ
About 111, Parkinson Drive, Chelmsford, Essex
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