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 work1-bedroom flat · CM1 2FZ
For saleReduced £3.8k (−7.5%) on 25 OctListed 84 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An excellent opportunity to take your first step onto the property ladder, this 25% shared ownership apartment is perfectly positioned in the heart of Chelmsford city centre, offering the ideal combination of convenience, connectivity and lifestyle.
Situated just 0.3 miles from Chelmsford Railway Station, the property is ideally placed for commuters, with regular services into London Liverpool Street and excellent transport links across Essex.
Chelmsford's vibrant city centre is just moments away, offering an extensive selection of shops, restaurants, cafés, bars and leisure facilities to suit every lifestyle.
The apartment also enjoys close proximity to the beautiful open spaces of Admirals Park and Central Park, providing the perfect setting for leisurely walks, outdoor recreation and relaxing weekends.
Whether you're a first time buyer looking to make your first move into homeownership or seeking an affordable way to secure a home in a highly desirable location, this shared ownership apartment presents an opportunity which can't be missed.
Tenure: Leasehold Lease: The property was built with a 99 year lease commencing 01/06/2015 .
There are 88 years remaining Service Charge: For the period of 01/01/26 – 31/12/2026 the service charge is £2252.40. The service charge is reviewed annually.
Rent for the remaining 75% share: The owner is to pay £5391.36 per annum in rent for the remaining 75% share. Ground Rent: £100 per annum.
The ground rent doubles every 25 years and the next review date for this is 2040 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.
If we recommend one to you, it will be in good faith that they’ll make the process as smooth as can be.
Please be aware that a small number of the parties we recommend (certainly not the majority) may on occasion pay us a referral fee up to £200.
You are under no obligation to use a third party we have recommended.
Should you successfully have an offer accepted on a property of ours and proceed to purchase it there is an administration charge of £36 inc.
VAT per person (non-refundable) to complete our Anti Money Laundering Identity checks.
Entrance hall Lounge 2.84m x 4.24m Kitchen 2.62m x 3.63m Bedroom 3.1m x 3.1m Bathroom 1.9m x 2.21m Communal gardens Allocated parking
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
FAQ
About Primrose Hill, Chelmsford
Explore nearby
