1-bedroom flat · CM1 6YJ
Listing removedListed 93 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Welcome to this beautifully presented apartment, ideally situated in the highly sought-after Springfield area of Chelmsford.
Nestled within a quiet residential setting, this bright and well-maintained home offers the perfect combination of comfort, practicality, and convenience.
Upon entering, you are welcomed into a light-filled living area, where large windows allow an abundance of natural light to flood the space, creating a warm and inviting atmosphere that's perfect for both relaxing and entertaining.
The well-appointed kitchen has been thoughtfully designed with ample cupboard space, providing excellent storage, while the breakfast bar offers a practical and stylish space for casual dining or enjoying your morning coffee.
The generous double bedroom provides a peaceful retreat with plenty of space for furnishings, making it an ideal place to unwind at the end of the day.
The bathroom is fitted with a modern white suite, complete with a shower over the bath and a heated towel rail for added comfort.
Perfectly positioned, the property enjoys easy access to a wide range of local amenities, including shops, cafés, supermarkets, and leisure facilities.
Excellent transport links, including convenient access to Chelmsford city centre and its mainline railway station with direct services to London Liverpool Street.
Early viewing is highly recommended to fully appreciate everything this fantastic home has to offer.
LOUNGE KITCHEN BATHROOM BEDROOM A holding deposit equivalent to 1 weeks rent will be required to reserve the property, while referencing checks are being carried out.
With the tenants' consent, this holding deposit will be refunded against the first months' rent.
The holding deposit can be retained if the applicant provides false or misleading information, fails Right to Rent checks, withdraws from the property or fails to take reasonable steps to enter into the tenancy.
In accordance with the Tenant Fees Act, applicants will be required to enter into the tenancy agreement no more than 15 days after paying the holding deposit.
Failure to do so for any of the aforementioned reasons, may result in you losing your holding deposit. An extension to the deadline may be entered into, if agreed by all parties.
Right to Rent Checks By Law, Right To Rent checks must be carried out and as such, applicants will be required to provide original proof of ID (Passport and Residents Permits) and current address ID in accordance with Home Office guidelines.
Acceptable forms of address ID are as follows: - Driving license - Recent utility bill (within the last 3 months, we cannot accept mobile phone bills) - Council Tax bill - Letter from employer or GP (specifically stating & confirming your current address, on headed paper) - Mortgage statement - Tenancy agreement signed and dated within the last 6 months Please note that we cannot accept bank statements All potential tenants over the age of 18, will be subject to a credit check, carried out by a 3rd party to check for CCJ's, IVA's & Bankruptcy.
Applicants will need to provide proof of an income of at least 2.5 times the annual rent.
Additional checks include an employment check, affordability checks, previous Landlord reference and proof of address history, usually up to 3 years.
Local Housing Allowance applicants will require a working guarantor and be able to prove an income of 3 x the annual rent.
You may be required to provide Bank statements (to assess income), pay slips, benefits award letters, pension statements, WFTC award letter.
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.
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 Lupin Drive, Chelmsford
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