2-bedroom flat · CM2 6YQ
For saleListed 94 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated in this quiet development in the heart of Chelmsford city centre, this well presented apartment enjoys attractive riverside views, the city centre on your doorstep and offers an excellent opportunity for first time buyers, professionals, or investors.
The property features an airy open-plan lounge/dining area with a Juliet balcony with views over the riverside.
The thoughtfully designed layout provides comfortable modern living, complemented by the added convenience of an allocated parking space.
Ideally located just 0.6 miles from Chelmsford railway station, the apartment is perfectly positioned for commuters and those looking to enjoy everything the city has to offer.
A fantastic selection of shops, restaurants, cafés, bars and leisure facilities are all within easy walking distance, making this a superb home for those seeking both convenience and lifestyle.
Combining a sought after city centre location with scenic river views and excellent transport links, this is a fantastic opportunity to secure a modern apartment in one of Chelmsford's most desirable settings.
Tenure: Leasehold Lease: The property was built with a 126 year lease commencing 01/10/1999 .
There are 100 years remaining Service Charge: For the period of 01/01/26 – 31/12/2026 the service charge is £2961.64. The service charge is reviewed annually. Ground Rent: £250 per annum.
The ground rent is increased by £100 every 25 years.
This ground rent is due to increase to £350 in 2047 Band C is the council tax band for this property with an annual amount of £1,926.96 The Nitty Gritty (Willy Wonka Edition) As proud chocolate-makers of the local property world, we’ve spent years wandering the sweetest corners of the community, discovering the finest experts to help your journey along.
Should we introduce you to one of our trusted golden-ticket holders, it’s because we believe they’ll help make your adventure as smooth as a river of chocolate.
From time to time, a sprinkle of these recommended specialists (though certainly not the whole candy jar) may gift us a little treat in return — a referral fee of up to £200. But fear not!
The choice is entirely yours, and there’s absolutely no obligation to follow our recommended path.
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Entrance hall Lounge/diner 3.17m x 5.89m Kitchen 2.29m x 2.44m Bedroom 1 3.53m x 3.66m Bedroom 2 2.59m x 2.59m Bathroom Carpark
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

FAQ
About Springfield Basin, Wharf Road, Chelmsford
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