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 · CM1 3GU
For saleReduced £30k (−13%) on 22 OctListed 35 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Guide Price £230,000 - £240,000 Situated in a prime location on the popular Parkinson Drive in Chelmsford, this well-presented, chain-free two-bedroom first-floor apartment offers spacious, low-maintenance living with an attractive view overlooking green space.
The apartment has a generous open-plan living and dining area, providing a bright and welcoming space for both relaxing and entertaining.
The modern fitted kitchen offers a good range of wall and base units, integrated appliances and ample worktop space.
There are two generously sized bedrooms, with the principal bedroom providing plenty of space for wardrobes and additional furniture.
The second bedroom is equally versatile and would work well as a guest room or home office. A contemporary family bathroom completes the accommodation.
The property benefits from a recently extended long lease, private off-road parking and combined ground rent and service charges of under £2,000 per annum.
Access to a lockable garage provides secure and practical cycle storage.
Road parking in the surrounding area has limited restrictions allowing flexibility for residents and visitors The apartment is conveniently located for Chelmsford City Centre and Chelmsford Railway Station, with excellent rail connections into London, while shops, restaurants and other everyday amenities are within easy reach.
Offered chain free, this is an attractive option for first-time buyers, downsizers, commuters or investors looking for a well-connected and easy-to-maintain home in Chelmsford.
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
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
.png)
FAQ
About 59, Parkinson Drive, Essex
Explore nearby