2-bedroom flat · CM2 6UP
No longer listedReduced £75 (−5.2%) on 1 OctListed 47 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A spacious & bright ground floor 2 bedroom maisonette situated in the very popular Chelmer Village development.
The apartment is currently being modernised and decorated with new flooring throughout and new electric radiators.
The property benefits from an open-plan fitted kitchen & sitting room with ample space for furniture, this is a double aspect room with modern kitchen cabinetry.
There is a double and a single bedroom, storage cupboards, and a brand new bathroom suite (with window) featuring a power shower over the bath.
Externally there is an allocated parking space under carport and a front garden area. Agents note: New & current photos will be updated as the modernisation project continues.
*available with deposit alternative*
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 Fawkner Close, Chelmsford
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