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 terraced house · CM1 3DA
Sold STCListed 190 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Well-presented and thoughtfully extended, Milburn Crescent offers a larger than average two bedroom end of terrace home in excellent condition throughout - an ideal opportunity for first-time buyers seeking generous living space in a convenient Chelmsford location.
The current owners have thoughtfully enhanced the property with a rear ground floor extension, creating a bright, sociable, and highly functional living space.
Upon entering, you are welcomed by an entrance hall with stairs rising to the first floor, which leads through to the lounge / diner, while a separate door provides access to the well-appointed kitchen.
The kitchen is thoughtfully arranged in two distinct sections.
The initial galley area offers a range of fitted cupboards and houses the cooker, while the extended rear section provides additional worktop space, a breakfast bar, and an open connection to the dining area.
This open-plan space is flooded with natural light from three Velux windows, creating an ideal setting for both entertaining and everyday family living.
A side door from the kitchen provides access to the exterior, while the dining area features French doors opening directly onto the rear garden.
Upstairs, the property offers two well-proportioned bedrooms, complemented by a modern family bathroom.
Externally, the property boasts a generously sized rear garden, benefitting from excellent side access - offering potential for future extension, subject to the usual planning consents.
Two brick-built sheds provide useful additional storage. To the front, a generous lawned garden presents the opportunity to create off-street parking, again subject to the necessary consents.
The property also benefits from a garage located in a nearby block.
With its extended living space, bright and modern interior, generous plot, and scope for further enhancement, this property represents an excellent opportunity for first-time buyers seeking a home that offers more than the typical two-bedroom layout.
Ground Floor Entrance Hall 6' 9" x 3' 2" Lounge / Diner 29' 9" x 10' 2" Kitchen 21' 4" x 7' 3" First Floor Bedroom One 9' 1" x 12' 0" Bedroom Two 8' 10" x 15' 10" Bathroom
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

FAQ
About Milburn Crescent, Chelmsford, CM1
Explore nearby