3-bedroom flat · CM2 6LR
For saleReduced £10k (−3.4%) on 18 OctListed 53 days
Opportunity summary
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About
** extended 125 year lease on completion & no onward chain ** Spacious three bedroom first-floor maisonette with private garden and excellent commuter links.
A key benefit of this property is that the lease will be extended to 125 years upon completion, with the current owners covering the full cost of the lease extension.
There are also no maintenance or service charges, helping to keep ongoing costs to a minimum.
The property is offered with no onward chain, providing a straightforward opportunity for buyers looking to move without the complications of a lengthy chain.
The maisonette offers well-proportioned accommodation throughout and is ideally positioned for access to Chelmsford city centre and the railway station.
While the property would benefit from some general cosmetic updating, it does not require any major works and provides a solid opportunity for a new owner to personalise and modernise to their own taste.
The accommodation comprises a bright and generously sized living room, providing a comfortable space for relaxing and entertaining.
There are three well-proportioned bedrooms, with bedroom three benefiting from its own WC, offering excellent flexibility for family living, guests or use as a home office.
Outside, the property benefits from a private garden, providing valuable outdoor space for relaxing, entertaining or enjoying the warmer months.
There is also resident parking, adding further convenience.
A particular feature of the property is the pleasant outlook towards the River Can in Chelmsford, adding an attractive element to the setting and providing a lovely backdrop to the home.
The location is particularly appealing for commuters and those looking for convenient access to Chelmsford city centre, which is less than a 10-minute walk away, while Chelmsford railway station is approximately a 12-minute walk, offering direct train services to London Stratford and London Liverpool Street.
Situated on a quiet, no-through road, the property also benefits from easy access to the A12 and Stansted Airport, making it well placed for both commuting and travel.
Chelmsford city centre provides a wide selection of shops, restaurants, cafés, bars, leisure facilities and everyday amenities, alongside a range of well-regarded schools.
With no onward chain, a 125-year lease extension to be completed at the seller's expense, three good-sized bedrooms, a private garden and resident parking, this maisonette offers a fantastic opportunity for buyers seeking a spacious home in a well-connected Chelmsford location, with scope to add their own personal style over time.
Agents note: With the extended 125 year lease, the ground rent will reduce to £0 per annum
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
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FAQ
About 28, Shrublands Close, Essex
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