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See how verdicts work2-bedroom flat · CM2 0XE
For saleReduced £20k (−11.8%) on 11 JulListed 216 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Rarely available ground floor 2 bedroom apartment with French doors leading onto a small outdoor seating area.
Situated within a popular retirement block, just off Moulsham Street with a multiple selection of shops and restaurants.
Presented to a good decorative standard with a modern refitted kitchen, neutral colours and a good size bathroom.
Entrance Hall A spacious 'L' shaped hall with storage heater, two large cupboards, entry phone and care-line hub, doors to Lounge (5.51m x 3.07m) Fireplace with electric fire, storage heater, French doors leading to small outdoor seating area.
Kitchen (2.31m x 2.31m) A modern refitted kitchen with base and wall mounted units complimented by wood grain effect roll top work surface, tiled splash backs, single drainer stainless steel sink unit with mixer tap, electric hob, eye level oven and filter hood, space for fridge freezer and washing machine.
Bedroom One (4.45m x 2.36m) Window to front, further window to side, wall mounted heater. Bedroom Two (4.22m x 2.82m) Window to rear, wall mounted heater, fitted wardrobe.
Bathroom Window to front, a good size bathroom with a white three piece suite comprising pedestal wash hand basin, low level w.c, panelled bath with grab handles and electric shower over, heated towel rail.
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
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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
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FAQ
About 28, Macmillan Court, Godfreys Mews, Chelmsford
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