We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom flat · CM2 9GE
For saleReduced £50k (−15.4%) on 28 JulListed 231 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
** guide price £375,000 - £400,000 ** Sold with the added advantage on no onward chain, we present this two-bedroom, one-bathroom first-floor retirement apartment, ideally situated within the sought-after Miami House development.
Designed exclusively for comfortable later living, this bright and well-maintained home offers spacious and thoughtfully arranged accommodation throughout.
The generous living and dining area provides a welcoming space to relax or entertain, with large windows allowing plenty of natural light.
The modern fitted kitchen is well-equipped with ample storage, while both bedrooms are well-proportioned, offering flexibility. The contemporary bathroom is stylishly appointed and easily accessible.
Additional benefits, the property features a balcony.
Residents of Miami House benefit from attractive communal gardens perfect for enjoying warmer days and socialising with neighbours - as well as a range of convenient in-house services designed to support independent living.
The development offers a secure and friendly environment with a strong sense of community. The property also includes one allocated parking space, adding further practicality and convenience.
Service charge: £999.41 per month ground rent: £255 bi-annually lease remaining: 990 years approx.
Council tax band: E Communal Entrance Leading To First Floor Accommodation Door to: Entrance Hall Smooth ceiling with inset spotlights, radiator, doors leading the multiple rooms.
Lounge/Diner 17'2 x 10'6 Smooth ceiling, radiator, double glazed full length window to front aspect, double glazed French door leading to balcony to side aspect, feature fireplace, door leading to kitchen.
Kitchen 8'9 x 7' Smooth ceiling, double glazed window to side aspect, tiled flooring, a range of eye and base level units with worktops over, integrated bosch oven and microwave as well as an electric bosch hob with extractor fan over, integrated slimline dishwasher, inset sink with mixer tap and drainage basin.
Bedroom One 12'9 x 10'1 Smooth ceiling, double glazed window to front aspect, radiator, door leading the large storage cupboard.
Bedroom Two 12'3 x 10'3 Smooth ceiling, double glazed window to front aspect, radiator.
Bathroom Smooth ceiling, tiled walls, tiled flooring, heated towel rail, low level w/c, wall mounted wash hand basing with mixer tap and vanity unit, an inset bath with power shower with separate taps.
Wc Smooth ceiling, tiled flooring, heated towel rail, low level w/c, wall mounted wash hand basin with mixer tap and vanity unit. Exterior Own parking space.
Agents Note Please note that some of the rooms are virtually staged for marketing purposes only.
Buyers Information Pack Please see below the link to access the Buyers Information Pack/ta forms: C1dae68ec
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
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
.png){kind=logo}
FAQ
About 25, Miami House, Chelmsford
Explore nearby
