2-bedroom detached house · CM1 1RH
Sold STCListed 182 days
Opportunity summary
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About
*** NO ONWARD CHAIN - SCOPE TO EXTEND TO THE REAR - EXCELLENT CITY CENTRE LOCATION WITHIN WALKING DISTANCE OF THE MAINLINE RAILWAY STATION TO LONDON AND OUTSTANDING SCHOOLS *** A two bedroom detached bungalow with the potential to convert the dining area in to a third bedroom if required.
ACCOMMODATION COMPRISES: LONG ENTRANCE HALL, KITCHEN (needs updating), LOUNGE/DINER, GOOD SIZE KITCHEN, SHOWER ROOM. The property has gas radiator heating and is mostly upvc double glazed.
There is off road parking for two cars to the front and a shared driveway leading to a detached garage.
Locality Information - The property is within walking distance of Chelmsford City Centre; which enjoys the mainline Railway Station to London, numerous restaurants, bars, cinemas and a wide variety of recreational and retail outlets, including a John Lewis department store, located in the Bond Street quarter.
Accommodation Comprises - Entrance door with stained leaded light double glazed window to hall.
Long Entrance Hall - Radiator, built in storage cupboard, access to roof space which also houses the Vaillant combination gas boiler.
Lounge/Diner - Reverse View - Lounge Room Area - 4.24m x 3.51m (13'11 x 11'6) - Radiator, gas fire, windows to rear, small paned glazed door to lean to.
Dining Area (3rd Bedroom Potential) - 3.51m x 3.00m (11'6 x 9'10) - This room was originally used as a third bedroom and could easily be converted back if required.
Radiator, upvc double glazed window to front. Lean To - 4.57m x 2.13m (15 x 7) - Brick built with glazed windows and patio doors to rear garden.
Good Size Kitchen (Needs Updating) - 2.90m x 2.69m (9'6 x 8'10) - Currently has plenty of worktop space with ample drawers and cupboards below, very good range of eye level cabinets with crockery and corner displays, gas four ring hob, electric oven/grill, radiator, tiled walls, four inset ceiling spot lights, upvc double glazed window to rear.
Bedroom One - 4.32m into bay x 3.35m (14'2 into bay x 11) - Radiator, upvc double glazed bay window to front. Bedroom Two - 2.49m x 2.24m (8'2 x 7'4) - Radiator, upvc double glazed window to side.
Shower Room - 2.24m x 1.78m (7'4 x 5'10) - Shower area, white suite comprising low level wc, pedestal wash hand basin, radiator, frosted upvc double glazed window to side.
Outside - The front provides off road parking for two cars.
Shared Driveway And Garage - There is a shared driveway to the side of the property leading to a detached brick built garage which has an up and door, power and light, part glazed door to rear garden.
Rear Garden - Paved patio to the rear elevation, the remainder is laid to lawn with fenced boundaries and a useful storage to one side of the bungalow.
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 Elms Drive, Chelmsford
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