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 work2-bedroom house · CM2 6US
Listing removedReduced £10k (−2.9%) on 21 JunListed 183 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This delightful two bedroom mid terrace property sits in an enviable position overlooking a small greensward.
The property is tastefully decorated throughout and boasts a very homely sitting room, a modern kitchen / breakfast room with access straight onto the neat and well tended Southerly facing garden.
To the first floor are two good size bedrooms and a modern three piece bathroom. Off street parking is provided to the front of the property.
Sitting Room (4.24m x 3.89m) Window to front and stairs rising to first floor, understairs recess, radiator.
Kitchen (3.81m x 2.79m) Double glazed window to rear, range of white fronted wall and base level units with worktops over, four ring hob with electric oven below, space for fridge freezer, space for washing machine, radiator, double glazed french style doors opening onto the garden.
First Floor Landing Inset spotlights, access to boarded loft with pull down ladder, panelling to walls.
Bedroom One (3.07m x 2.82m) Window to front overlooking small greensward, over stairs storage cupboard, further wardrobe storage with sliding doors, radiator.
Bedroom Two (3.81m x 2.03m) Double glazed window to rear, radiator. Bathroom Modern white suite comprising panel enclosed bath with mixer tap, shower and shower screen, modern w.c.
With full and half flush, wash hand basin with mixer tap and cupboard under, cabinet over, tiling to walls and modern style heated chrome towel rail.
Outside As mentioned previously the property offers off street parking to the front for one/two vehicles, whilst to the rear is a very pleasant garden with southerly aspect, there is a paved patio, the remainder of the garden is mostly laid to lawn with boxed beds to borders and a further sitting area to the far corner, timber shed to remain.
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
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FAQ
About 25, Ramshaw Drive, Chelmsford
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