We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom flat · CM2 9GE
For saleReduced £55k (−12.2%) on 21 JunListed 576 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
*Join us for coffee & cake at our Open Day - Thursday 26th March 2026 - from 10am to 1pm - book your place today!* Enjoy lunch on us when you take A tour of miami house - book now!
~ part exchange, entitlements advice, removals and solicitors all available ~ A well presented two bedroom apartment located on the second floor with a walk-out balcony.
The apartment also boasts an allocated parking space. Miami House offers 24hr staffing, an onsite restaurant and one hour of domestic assistance per week.
Miami House Miami House is a Retirement Living plus development, brought to you by McCarthy Stone.
Designed for the over 70's, this development comprises of 58 stylish one and two bedroom apartments with numerous communal facilities such as a Club Lounge, Guest Suite and beautiful landscaped gardens to enjoy with family and friends.
For your peace of mind there's a 24 hour emergency call system provided by a personal pendant as well as an on-site Estate Manager.
Getting around at night is helped by having illuminated light switches. Outside of your apartment, there are extra facilities to enjoy.
At the heart of the development is our Club Lounge, providing a great place to meet up with friends old and new and is convenient when family come to visit.
Socialise as much or as little as you like : Your Estate Manager is not only there to take care of the development but is on hand to facilitate events and activities that you can choose to be part of.
You can sit back and relax in the landscaped gardens that are thoughtfully designed to enjoy throughout the seasons.
If your friends and family have travelled from afar, the guest suite is available to book and comprises of a twin room with TV and coffee making facilities and an en-suite shower room.
Local Area Located in the city of Chelmsford and on the site of Chelmsford's landmark Miami Hotel, just a mile away from the centre in Moulsham, Miami House is superbly positioned.
A Tesco Superstore, complete with Costa Coffee, Timpson shoe repair and pharmacy is just minutes away.
Chelmsford's centre offers The Meadows and High Chelmer malls, M&S, and stylish new Bond Street with John Lewis and bookstore Foyles, Chelmsford City Theatres' shows range from the Genn Miller Orchestra to the Bolshoi Ballet and Elvis tributes, while Chelmsford Cathedral holds free lunch-time performances by soloists and ensembles, making it a great place to meet with friends and enjoy music and refreshments in stunning surroundings.
You are well located at Miami House, with the A12 close by, rail services to London Liverpool Street in 35 minutes and Stansted airport is a 30 minute drive.
Apartment Overview The apartment is neutrally decorated throughout in order for a buyer to move straight in.
This apartment is situated on the second floor which can be accessed by lift which is positioned close-by.
The apartment benefits from a modern kitchen, wet room, guest WC, walk in wardrobe and a balcony large enough to house a small bistro set. Allocated parking space included.
Entrance Hall Front door with spy hole leads to the entrance hall From the hallway there is a door to a large walk-in storage/airing cupboard.
Illuminated light switches, smoke detector, apartment security door entry system with intercom. Doors lead to the lounge, bedrooms, wet room and guest toilet.
Lounge A spacious lounge benefiting from a French door providing direct access to walk out balcony. The lounge allows ample space for dining table and chairs.
TV and telephone points, Sky/Sky+ connection point, fitted carpets, two decorative ceiling lights and raised electric power sockets. Partially glazed door lead onto a separate kitchen.
Kitchen Fully fitted modern kitchen with a range of white gloss fronted wall, drawer and base units, with a roll top work surface over. Sink with lever tap and drainer sits below the motorised window.
Inset waist height Bosch electric oven with built in microwave above. Over counter lighting, four ring electric Bosch hob with glass splash back and extractor hood over.
Recessed integral fridge freezer and a built in under counter slimline dishwasher. Tiled floor, down lighting, ventilation system.
Bedroom A double bedroom benefiting from a full height window allowing lots of natural light in. TV and telephone points, brand new fitted carpets, ceiling light and raised electric power sockets.
Door leading to a walk in wardrobe with shelving and hanging rails. Wet Room Wet room with level access electric shower, grab rail and curtain.
Low level WC, vanity unit with wash basin, cupboards beneath and illuminated mirror over. Part tiling to walls, wall mounted chrome towel radiator, ventilation system, shaving point and down lighting.
Slip resistant flooring and emergency pull cord. Second Bedroom A double second bedroom which could also be used for dining or hobby / study room with a full length window.
Fitted carpets, ceiling light and raised electric power sockets Wc Tiled and fitted suite comprising a low level WC, vanity unit with wash basin, cupboards beneath and illuminated mirror over.
Part tiling to walls and wall mounted chrome towel radiator.
Service Charge (Breakdown) • 1hr Domestic assistance • On-site Estate Manager and team 24/7 • Subsidised on-site Bistro • Water rates for communal areas and apartments • Cleaning of communal windows • Electricity, heating, lighting and power to communal areas • 24 hour emergency call system • Upkeep of gardens and grounds • Repairs and maintenance to the interior and exterior communal areas • Contingency fund including internal and external redecoration of communal areas • Buildings insurance Annual Service charge: £11,992.99 for financial year ending 31/03/26.
The Service charge does not cover external costs such as your Council Tax, electricity or TV, to find out more about the service charges please please contact your Property Consultant or Estate Manager.
**Entitlements Service** Check out benefits you may be entitled to.
Leasehold Information Ground rent: £510 per annum Ground rent review: 1st Jan 2034 Lease: 999 Years from 1st Jan 2019 Additional Information & Services **Entitlements Service** Check out benefits you may be entitled to.
** Part Exchange ** We offer Part-Exchange service to help you move without the hassle of having to sell your own home.
** Removal Service** Get a quote from our Partner Removal Service who can declutter and move you in to your new home.
** Solicitors** Get a quote from our panel solicitors who have dealt with a number of sales and purchases and therefore familiar with the McCarthy Stone set up.
For more information check our webpage additional services or speak with our property consultant • Ultrafast Full Fibre Broadband available • Mains water and electricity • Electric room heating • Mains drainage Parking This property comes with an allocated parking space
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
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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.
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About 34 Miami House, Princes Road, Chelmsford
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