We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work1-bedroom flat · CM1 3GS
Sold STCReduced £30k (−16.7%) on 25 OctListed 178 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A well presented and conveniently located second floor apartment set within the ever popular The Village development, offering excellent access to Chelmsford City Centre and ideal for first time buyers or investors.
Situated in a sought after residential setting, this one bedroom apartment enjoys a practical and well balanced layout.
The entrance hall provides access to all rooms and benefits from useful storage along with loft access, adding to the overall functionality of the home.
The lounge is a bright and comfortable space, ideal for both relaxing and entertaining, with a pleasant outlook and direct access through to the kitchen.
The kitchen is fitted with a range of units and work surfaces, providing ample storage and preparation space.
The bedroom is a generously sized double room, complete with fitted wardrobes, offering excellent storage.
The bathroom is fitted with a modern suite including a bath with shower above, wash hand basin and WC.
Further benefits include double glazing, residents parking and a convenient pedestrian walkway providing easy access through to Chelmsford City Centre.
Offered with no onward chain, this property represents an excellent opportunity for first time buyers or those seeking a strong investment with great rental potential.
Entrance Hall Lounge 10' 4" x 14' 1" (3.15m x 4.29m) Kitchen Area 5' 11" x 10' 11" (1.80m x 3.33m) Bedroom 12' 6" x 8' 1" (3.81m x 2.46m) Bathroom Disclaimer haart Estate Agents also offer a professional, ARLA accredited Lettings and Management Service.
If you are considering renting your property in order to purchase, are looking at buy to let or would like a free review of your current portfolio then please call the Lettings Branch Manager on the number shown above.
haart Estate Agents is the seller's agent for this property. Your conveyancer is legally responsible for ensuring any purchase agreement fully protects your position.
We make detailed enquiries of the seller to ensure the information provided is as accurate as possible. Please inform us if you become aware of any information being inaccurate.
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 Parkinson Drive, Chelmsford
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