2-bedroom flat · CM2 0JD
For saleListed 599 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
St. Johns Court or The Old School House is a rather iconic building found just beyond the main shopping area of Moulsham Street and laying adjacent to St. Johns Church.
Re-developed a short while back into five individual apartments, the development has managed to maintain much of its original character whilst also affording a high specification modern finish.
Forming part of the ground floor, the apartment offers open plan living kitchen space, two bedrooms amd a superb shower room whilst externally there are two allocated parking spaces.
Living Area (5.89m x 3.38m) + entrance recess 2.29m (7'6') x 1.04m (3'5') Inset spotlights, large window to front, radiator, tv aerial point, Gigabit capable fibre internet connection, open plan to Kitchen Area (3.10m x 2.34m) Inset spotlights, further large window to front, fitted with a comprehensive range of modern matt grey fronted wall and base level units with square trimmed worktops over, inset sink unit with grooved drainer, mixer tap over, range of integrated appliances which include four ring hob, separate oven, fridge freezer, washing machine and dishwasher, wall mounted cupboard housing Vaillant boiler.
Bedroom One (3.71m x 3.30m) Inset spotlights, large window to side, fitted wardrobe, radiator.
Bedroom Two (2.77m x 2.67m) Inset spotlights, large window to side, range of fitted cupboards and drawers, radiator.
Shower Room A well laid out room with inset spotlights, modern wall hung wash hand basin with drawers below and mixer tap over, modern w.c.
With full and half flush, walk in shower with glazed screen, ceiling mounted rainfall shower, recessed back lit mirror, matt black heated towel rail.
Exterior There is a short flight of steps and a gradually ramped pathway leading to the main entrance of the building.
There are two allocated (tandem) parking spaces for this particular apartment situated just beyond the main entrance and the main residents parking.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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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 1, Flat 1, St. Johns Court, Moulsham Street, Chelmsford
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