1-bedroom flat · CM2 9GE
For saleReduced £25.1k (−7.7%) on 28 AugListed 598 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Summary ***guide price £325,000 - £350,000***. Offered with no onward chain! A well presented and spacious one bedroom retirement apartment situated in the impressive 'Miami House' development.
The property benefits from a fitted kitchen, walk in wet room and private balcony.
Description The property is situated on the McCarthy & Stone development located a mile from the city of Chelmsford near to Tesco superstore.
The development is designed for over 70's comprising of 58 excellently presented one or two bedroom apartments with communal facilities - Club Lounge, Guest Suite and communal gardens.
Outside of your apartment, there are extra facilities to enjoy.
At the heart of the development is the Club Lounge, providing a great place to meet up with friends old and new and is convenient when family come to visit.
Socialise as much or as little as you like : Your Estate Manager is not only there to take care of the development but is on hand to facilitate events and activities that you can choose to be part of.
Alongside this there is Bistro serving breakfast and lunch, hairdresser/beautician on site for residents to book, 24 hour staff with possibility of in house carers if necessary.
The service charge includes 1 hr housekeeping weekly for the property.
The property has access to A12 nearby and a railway station located in the city centre with a direct line to London Liverpool Street (35 minutes journey time).
The city centre hosts a vast range of excellent shops with highly recommended Bond Street for all your shopping needs.
Entrance Porch Lounge Irregular Shaped Room 20' 3" max x 11' 3" max ( 6.17m max x 3.43m max ) Kitchen Irregular Shaped Room 10' 1" max x 8' 5" max ( 3.07m max x 2.57m max ) Bedroom One Irregular Shaped Room 13' 9" max x 10' 11" max ( 4.19m max x 3.33m max ) Bathroom We currently hold lease details as displayed above, should you require further information please contact the branch.
Please note additional fees could be incurred for items such as leasehold packs. 1.
Money laundering regulations: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2.
General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect. 4.
Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. These particulars are issued in good faith but do not constitute representations of fact or form part of any offer or contract.
The matters referred to in these particulars should be independently verified by prospective buyers or tenants.
Neither sequence (UK) limited nor any of its employees or agents has any authority to make or give any representation or warranty whatever in relation to this property.
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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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 advisors 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
FAQ
About 43, Miami House, Princes Road, Chelmsford
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