2-bedroom flat · CM3 5WG
Listing removedListed 43 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Balgores are pleased to present this spacious two bedroom, ground floor flat.
Offered with the advantage of no onward chain, this property is conveniently located for local schools, the town centre and Compass Gardens with excellent public transport links nearby.
The accommodation comprises; a generous bedroom one, a large living area, fitted kitchen a bathroom. Externally benefitting from two allocated parking spaces and communal gardens.
Lease: 953 Years Remaining Service Charge and Ground Rent £1809.12 per annum. Council Tax Band: B Entrance Hall Laminate wood effect flooring.
Inner Hallway Doors to accommdation, laminate wood effect flooring. Living Room 15'3 x 11'1 > 9'3.
Double glazed window to the rear, electric wall mounted heater to side, wood effect laminate flooring. Kitchen 10'3 x 7'2.
Range of eye and base level units with worktops over, integrated gas hob, electric oven with extractor over, stainless steel sink and drainer, integrated fridge, integrated freezer, integrated washing machine, laminate tile effect flooring.
Bedroom One 10'5 x 7'6. Double glazed window to the front, electric wall mounted heater. Bedroom Two 10'7 x 10'6. Double glazed window to the front, electric wall mounted heater Bathroom 6'4 x 6'2.
White suite comprising of: Panelled bath with mixer tap and shower over, vanity unit housing boiler, wash hand basin with mixer tap, low level wc.
Fully tiled walls, extractor fan, wood effect laminate flooring.
Buyers Information Pack Please see below the link to access the Buyers Information Pack/ta forms: A855cba1b3b The agent suggests that any interested parties should make contact with the estate agent prior to booking a viewing as the seller has been unable to provide any material information.
Value & comps
No previous sales on record.
Returns
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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 42, Culver Rise, Chelmsford
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