2-bedroom flat · CM1 2FN
For saleListed 1 day
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
First time buyers......Hamilton Piers are pleased to bring to market this first floor apartment boasting two double bedrooms with an en suite and juliette balony to the master, spacious lounge diner with modern kitchen, allocated parking space, well maintained communal gardens, Ideally located within walking distance to local shops and schools.
Contact Hamilton Piers to view! Communal Entrance:- Secure telephone entry system, stairs to first floor, entrance door to apartment.
Entrance Hall:- Doors to lounge diner, bedroom one, bedroom two, family bathroom, two storage cupboards, electric heater Lounge Diner:- (5.41m x 3.00m* max >2.69m (17'09" x 9'10* max >8') Two double glazed windows to rear, laminate flooring, Two electric wall mounted heaters, Entrance to kitchen.
Kitchen:- (2.67m x 2.08m (8'09" x 6'10")) Double glazed window to rear, matching wall and base units, rolled edge work surfaces with stainless steel sink inset, tiled splashback, electric hob & low level oven, integrated dishwasher, space for fridge freezer and washing machine, laminate flooring.
Bedroom One:- (4.42m x 2.67m (14'06" x 8'09")) Double glazed french doors with julliette balcony to front, electric wall mounted heater, carpet flooring, door to en-suite.
En-Suite:- Double shower cubicle fully tiled, pedestal hand wash basin with mixer tap & tiled splashback, low level WC, wall mounted vanity cupboard, wall mounted heater, extractor fan Bedroom Two:- (3.12m x 2.87m (10'03" x 9'05")) Double glazed window to front, electric wall mounted heater, carpet flooring.
Family Bathroom (2.06m x 1.70m (6'09" x 5'07")) Panelled bath with shower overhead, pedestal hand-wash basin, tiled splasbacks, low level WC, heated towel rail.
Exterior:- Well kept communal gardens and allocated parking space. Leasehold Information: Approx 115 years remaining Ground rent: £340 pa Service charge: £160 pcm
Value & comps
No previous sales on record.
Returns
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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
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FAQ
About Derwent Court, Hobart Close, Chelmsford
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