4-bedroom terraced house · CM1 7SP
Sold STCListed 32 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
**** guide price: £600,000 - £625,000 **** Occupying a substantial corner plot in the sought-after Springfield area, this beautifully presented four-bedroom end-of-terrace family home offers exceptionally versatile accommodation, including a self-contained annexe, a landscaped rear garden and a generous driveway.
The welcoming entrance hall features a striking staircase with steel balustrades and leads into a high-specification kitchen diner.
This impressive space includes quartz worktops, a central island, integrated appliances, an induction hob, full-height fridge and freezer, drinks fridge and aluminium doors opening onto a courtyard patio.
An additional reception room, which could serve as a fifth bedroom, incorporates laundry facilities and provides garden access. A ground-floor shower room serves both the main residence and annexe.
The self-contained annexe features its own fitted kitchen, living area with garden access, bedroom and loft storage, making it ideal for extended family or guests.
On the first floor, a bright living room opens through aluminium bi-folding doors onto a south-facing balcony, while a well-proportioned bedroom benefits from an en-suite shower room.
The second floor provides two further bedrooms and a family bathroom.
The generous principal bedroom features dual-aspect windows and a walk-in wardrobe converted from a former bedroom, offering scope for reinstatement if desired.
Externally, the beautifully maintained private rear garden features a patio, lawn, established planting and a useful storage shed. The large driveway provides ample off-road parking.
The property is within walking distance of Chelmsford City Centre and its mainline railway station, with local amenities and highly regarded schools close by.
Excellent links via the A12, A131 and Beaulieu Park station further enhance its appeal to families and commuters.
Palmer & Partners would strongly recommend an early internal viewing to avoid disappointment.
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 36, Parklands Drive, Essex
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