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See how verdicts work1-bedroom flat · CM1 1AP
For saleReduced £20k (−8.7%) on 19 JulListed 301 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Location This development is located in Central Chelmsford and is popular with both first time buyers and buy to let investors.
It is a short walk from the High Street and just minutes to our mainline station servicing London Stratford and London Liverpool Street.
Accommodation Located on the fourth floor of this purpose built development is this spacious, modern apartment. It has a neutral décor throughout and is ready to simply move in and unpack.
The apartment has a large open plan Lounge/Kitchen area which is a great space for relaxing and entertaining family and friends.
It is large enough to have a dining table and the kitchen comes equipped with an integrated oven & hob, fridge/freezer and washing machine.
The Lounge leads on to the Private Balcony area which is great to enjoy during the summer months. The Bathroom is extremely modern and comes with a fresh white suite.
The Bedroom is a generous sized double room with built in wardrobes and large windows making the room extremely bright and airy.
Entry to the property is via a secure telephone entry system, making it a safe place to live. The property also comes with one allocated parking space.
Within the development itself you also have both a Gym & Concierge.
Lease details We have been informed by the current vendors of the following information: Unexpired Lease Term 113 years Ground Rent £270 per annum Service Charge £1473 per annum agents note: 1.
Please note that the photos used in this marketing were taken prior to the tenant taking occupation. 2.
We are legally obliged to carry out Anti Money Laundering checks on behalf of hmrc on persons or companies trying to buy a property through us.
A non-refundable charge of £48 including VAT (for up to two people) is therefore required when you have an offer accepted on a property through us. Looking for A rental investment?
We think that this property would make a great buy to let purchase so please ask us for a rental estimate. Did you know that we can even guarantee your rent? Just ask for further details.
Disclaimer With approximate measurements these particulars have been prepared in good faith by the selling agent in conjunction with the vendor(s) with the intention of providing a fair and accurate guide to the property.
However, they do not constitute or form part of an offer or contract nor may they be regarded as representations, all interested parties must themselves verify their accuracy.
No tests or checks have been carried out in respect of heating, plumbing, electric installations or any type of appliances which may be included.
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 160, Watson Heights, CHELMSFORD
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