2-bedroom flat · CM1 4XX
For saleListed 144 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Offered for sale with no onward chain is this two bedroom first floor apartment situated in a popular residential location.
The accommodation comprises an entrance hall with a useful storage cupboard, and a good sized lounge/diner with a double glazed window to the front aspect.
There is a modern fitted kitchen as well as a bathroom WC. Outside, there are communal gardens, a garage in a nearby block and a parking space.
This property forms an ideal first time purchase or alternatively an excellent buy to let opportunity.
Newland Spring is located two miles north of the centre of Chelmsford with a regular bus service to the City and railway station with trains to London Stratford taking from 31 minutes and Liverpool Street from 36 minutes.
There is also a sought after primary and pre school plus a Morrisons superstore within walking distance as well as a local parade of shops positioned opposite with a range of stores including a Tesco Express to cater for your every day needs Tenure: Leasehold Lease: The property was built with a 155 year lease commencing 23/11/2011 .
There are 140 years remaining Service Charge: For the period of 30/9/2025 – 29/9/2026 the service charge is £2818.50. The service charge is reviewed annually.
Ground Rent: Peppercorn rent ( if demanded ) Council Tax: Band B is the council tax band for this property with an annual amount of £1,686.09 As an integral part of the community, we’ve gotten to know the best professionals for the job.
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Entrance Hall Lounge 3.25m x 4.95m Kitchen 2.21m x 3.05m Bedroom 1 3.07m x 4.14m Bedroom 2 2.16m x 2.34m Bathroom Outside Garage
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.
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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
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FAQ
About Drood Close, Newlands Spring, Chelmsford
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