2-bedroom flat · CM1 1RY
For saleListed 142 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A good size rarely available two bedroom ground floor retirement apartment with all rooms (except the shower room) being south facing with windows facing the communal gardens and the added benefit of direct access from the lounge via double doors!
Chancellor Court is located on the northern fringe of the City Centre adjacent to the King Edward Grammar school and is offered for sale with vacant possession.
It comprises a good size lounge/dining room, well fitted kitchen, two spacious bedrooms and a shower room and it has electric heating and double glazed windows.
As this is one of only three two bedroom ground floor apartments in the complex. An internal viewing is recommended.
Entrance Hall An L-shaped entrance hall with two built in cupboards, night storage heater, entry phone, coved ceiling, white panelled doors to Lounge / Dining Room (6.31m x 3.26m) A good size room large enough to have a small dining table at the narrower end, having a night storage heater, fire surround and hearth, double glazed double doors giving access to the communal gardens, glazed double doors leading to kitchen.
Kitchen (2.32m x 2.17m) An irregular shaped well fitted kitchen comprising inset single drainer sink unit with mixer tap, working surfaces with drawers and cupboards under, built in hob with cooker hood above, eye level oven, tiling over worktops, eye level cupboards, double glazed window, coved ceiling.
Bedroom One (5.25m x 2.77m) Plus mirror fronted wardrobe cupboards. A spacious main bedroom with night storage heater, double glazed window, coved ceiling.
Bedroom Two (4.3m x 2.9m) Again, another good size bedroom with electric panel heater, double glazed window, coved ceiling.
Shower Room With w.c., vanity wash hand basin, shower cubicle with fitted shower and grab rails, tiled flooring, fully tiled walls, extractor fan, electric downflow heater, coved ceiling.
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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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 Flat 8, Chancellor Court, Broomfield Road, Chelmsford
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