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 1AF
For saleListed 48 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This 2 bedroom first floor apartment is located right in the City centre literally only a few minutes walk to the station hence could well suit a commuting buyer.
It benefits from an en suite to the main bedroom, has a balcony, off the lounge area and has an allocated parking space!
It has a security entryphone system, double glazed windows and radiator heating. There is a large open plan kitchen / dining / living room plus a further bathroom.
Ideally situated with the City centre with it's nightlife, shops and restaurants all on hand - it could make an ideal first purchase!
Entrance Hall A long entrance hallway with two built in cupboards with one housing the boiler, doors to Kitchen / Dining / Living Room (5.72m x 4.70m) A good size area with kitchen area fitted with a range of units comprising one and a half bowl single drainer sink unit with mixer tap, working surfaces with cupboards and drawer unit, built in hob and oven with cooker hood above, integrated dishwasher, integrated fridge freezer, space for washing machine, eye level cupboards, inset spot lights, open to living / dining area which is large enough to have as two separate areas with radiator, double glazed patio doors giving access to a small balcony at the rear of the block.
Bedroom One (4.57m x 2.93m) Radiator, double glazed window to rear, door to En-Suite Shower Room W.C with concealed cistern, wash hand basin with mixer tap, shower cubicle with fitted shower with rain-head and separate hose, tiled flooring, towel warmer, double glazed window to rear, inset spot lights, extractor fan.
Bedroom Two (3.35m x 3.33m) A good size second bedroom with radiator, double glazed window to rear.
Bathroom W.c with concealed cistern, wash hand basin with mixer tap, panel enclosed bath with mixer tap and fitted shower, tiled flooring, towel warmer, inset spot lights, extractor fan.
Allocated Parking We understand from the sellers that there is an allocated parking space within the communal grounds.
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
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
.png){kind=logo}
FAQ
About 68, Watson Heights, Chelmsford
Explore nearby
