2-bedroom bungalow · CM1 6JN
Listing removedReduced £20k (−5.8%) on 25 AugListed 123 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Being offered with no onward chain and ideally located in the sought-after location of Old Springfield is this well-proportioned two-bedroom detached bungalow.
This bungalow does require some modernisation but presents a great opportunity for a buyer to make their own. This bungalow features an entrance porch opening into a welcoming hallway.
Off the hallway, you’ll find the lounge/diner with a bay window and patio doors leading into the rear garden, two double bedrooms with bedroom one benefiting from and ensuite shower room as well as a separate shower room.
Located at the rear of this property is the fitted kitchen with built in cooker and hob and leads into the conservatory which offers views over the rear garden.
Externally the property has a well-maintained rear garden which consists of a paved patio area with the remaining laid to lawn, incorporating trees and shrubs.
There is also a garage and ample off-road parking to the side of the property. Further benefits include double glazing and storage throughout.
To appreciate this opportunity, we strongly recommend an early internal inspection.
Tavistock Road as mentioned is located in the popular area of Old Springfield which offers local amenities and shops.
The property is also located 1.5 miles walking distance (reference google maps) to the vibrant Chelmsford City centre offering the use of numerous bars, restaurants, shops and local amenities.
Chelmsford station offers mainline rail links to London Liverpool Street. Driving wise Chelmsford offers excellent road links to A12, M25 and A130.
Agents Note: ‘Heating to the property is served by night storage heater.
Please contact the branch for more details’ ** The vendor has advised that gas is connected to the property but would advise a purchaser to make their own enquiries ** Agents Note: Lounge and kitchen are shown as a maximum measurement.
This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56 Day Reservation Period.
Interested parties’ personal data will be shared with the Auctioneer (iamsold Ltd). If considering a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided, which you must view before bidding. The buyer is responsible for the Pack fee.
For the most recent information on the Buyer Information Pack fee, please contact the iamsold team.
The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.5% of the purchase price inc VAT, subject to a minimum of £6,600 inc. VAT.
This Fee is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. The Fee is considered within calculations for stamp duty.
Services may be recommended by the Agent/Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £960 inc. VAT.
These services are optional.
Value & comps
No previous sales on record.
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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 starting price
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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 45, Tavistock Road, Chelmsford
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