1-bedroom house · CM2 7HF
Listing removedReduced £100 (−8.3%) on 21 JunListed 168 days · slow let
Opportunity summary
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About
Retirement One-Bedroom Apartment in Palmerston Lodge, Chelmsford Abbotts Chelmsford is pleased to offer this one-bedroom retirement apartment situated on the first floor of Palmerston Lodge.
Constructed by Higgs and Hill Homes, the development comprises 31 properties across two floors, specifically designed to meet the needs of retirees.
Property Overview: Palmerston Lodge is equipped with a Development Manager who can be contacted from various points within the property in the case of an emergency.
For times when the manager is off duty, residents have access to a 24-hour emergency Appello call system for peace of mind.
This property includes a spacious living area, a well-appointed kitchen, a comfortable bedroom, and a shower room, all designed with accessibility and convenience in mind.
Age Requirement: • Male residents: Must be over the age of 60 years. • Female residents: Must be over the age of 60 years.
________________________________________ Accommodation: Entrance Hall: • Light switch, ceiling light points • Security door entry system • Airing cupboard housing insulated hot water cylinder, electric meter, and additional storage space Living Room: • Ceiling light, storage heater, and power points • TV aerial point and telephone point • Emergency pull cord for added safety • Archway leading to kitchen Kitchen with Window: • Tiled and fitted with a stainless steel sink unit • Wall and floor cupboards with worktops • Built-in electric oven and hob with extractor hood • Fridge/Freezer included • Ceiling light Bedroom: • Built-in wardrobe with hanging rail and shelf over • Storage heater and ceiling light • Power points • Emergency pull cord for peace of mind Shower Room: • Fully tiled and fitted with an accessible suite • Shower unit with seat and grab rail • Emergency pull cord for added security • WC with low-level flush • Vanity unit with mirror over • Strip light, extractor fan, and wall-mounted electric heater ________________________________________ For further information or to arrange a viewing, please contact Abbotts Chelmsford.
Council Tax Band: B Holding Deposit: £276.00 Retirement Living: 60+ First-Floor Apartment 24-Hour Emergency System Manager: On-site contact for emergencies.
Spacious Living Room Well-Equipped Kitchen Comfortable Bedroom: Built-in wardrobe Accessible Shower Room: Features grab rails Security door entry system for added safety Offered Furnished or Unfurnished
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
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About 24, Chelmsford
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