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See how verdicts work2-bedroom flat · CM1 1GN
Sold STCListed 235 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This 2 double bedroom apartment the heart of the city centre is the ideal first time purchase or investment opportunity.
Situated just 0.1 mile from Chelmsford train station and having an impressive 898 sqft of accommodation, this property offers convenient access to transportation for commuters.
Both bedrooms in this flat feature fitted wardrobes, with the master bedroom having the added luxury of an ensuite bathroom.
The property also boasts secure underground allocated parking, a communal first floor terrace, and a concierge service for added convenience.
Residents of this flat have exclusive access to a private gym, perfect for those looking to stay active without having to leave the building.
With 135 years remaining on the lease, buyers can have peace of mind knowing they have a long-term investment. Chelmsford is a vibrant city with plenty to offer residents.
From shopping and dining in the city centre to exploring the nearby parks and nature reserves, there is something for everyone to enjoy.
With its unbeatable location, modern amenities, and no onward chain, this flat is truly a fantastic opportunity for buyers looking to make a move into this bustling city.
Tenure: Leasehold Band E is the Council Tax band for this property and the annual council tax bill is £2,649.57 Lease length: 154 Years from 3rd January 2007 and expires 31st March 2161.
There are 135 years remaining. Ground rent: £270 per annum. The ground rent will be reviewed alongside the RPI index.
Service charge: £4,421.80 per annum from 01/10/2024 to 30/09/2025, paid in two half yearly advance instalments of £2,210.90. The service charge is reviewed annually.
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Entrance hall Lounge/diner 3.78m x 6.58m Kitchen 2.64m x 3.3m Bedroom 1 2.92m x 5.21m Ensuite Bedroom 2 2.72m x 5.51m Bathroom
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 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
FAQ
About Wells Crescent, Marconi Plaza, Chelmsford
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