1-bedroom house · CM2 6RW
Listing removedListed 155 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Open day Saturday 30th may between 10.15AM - 11.15AM Guide Price £190,000 - £195,000!
An ideal property as a first time buy or possible investment buy, a neatly well-presented and improved one bedroom leasehold started home.
It is conveniently located within easy walking distance of the local Asda superstore, has bus services close by to the Chelmsford City centre and station.
Internally the property comprises of a lounge which is open plan to a modern kitchen, whilst to the first floor there is a bedroom and white bathroom suite.
The property further benefits from having an extended lease of 125 years remaining, replacement double glazed windows and an allocated parking space.
Lounge (4.98m x 3.96m) Double glazed window to front, stairs rising to first floor, under stairs storage cupboard, wood style laminated flooring, wall mounted electric heater, open plan to Kitchen Fitted with a range of white wall and base level units, roll edge worktops, inset single bowl stainless steel sink unit with mixer tap, space for oven, washing machine and free-standing fridge freezer, splash back tiling, double glazed window to rear, wood style laminated flooring.
First Floor Landing Twin sliding mirror fronted doors giving access to airing cupboard, doors to Bedroom (3.96m x 3.15m) Double glazed window to front, wall mounted electric heater, wardrobe recess.
Bathroom White suite comprising panel enclosed bath with shower over and glass screen, pedestal wash hand basin, low level w.c, tiling to walls, double glazed obscure window to rear.
Outside There are communal grounds and an allocated parking space.
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
Agent & docs
FAQ
About 65, Colyers Reach, Chelmsford
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