2-bedroom flat · CM1 2DZ
Sold STCListed 107 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
** ASKING PRICE OF £220,000 ** Situated just 1.6 miles from Chelmsford Station, this well-presented two-bedroom first-floor flat offers spacious and versatile accommodation, making it an ideal purchase for first-time buyers, professionals, or investors.
The property features a bright and welcoming living area, a well-appointed kitchen, two generously sized bedrooms, and a modern family bathroom.
An additional office area provides the perfect space for those working from home or seeking a dedicated study, while the useful loft space offers excellent storage potential.
Externally benefitting from residential parking, adding further convenience to this attractive home.
Ideally located within easy reach of Chelmsford city centre, local amenities, reputable schools, and excellent transport links, this maisonette combines comfort and practicality.
GROUND RENT: £10.00 per annum SERVICE CHARGE: £1,060.96 per annum LEASE LENGTH: 87 years COUNCIL TAX BAND: B * Being sold via a Balgores secure agreement * Entrance via Communal entrance door leading to first floor accommodation.
Entrance Hall Access to loft, built-in storage cupboards, radiator, smooth ceiling, doors to accommodation. Living Room 16'1 x 13'1.
Double glazed window to front, two radiators, textured ceiling. Kitchen/Diner 12' x 12'.
Double glazed window to rear, range of base level units and drawers with work surfaces over, inset sink drainer unit with mixer tap, integrated Zanussi electric oven and gas hob with extractor hood over, space for further appliances, range of matching eye level cupboards, radiator, vinyl flooring, complementary tiled splash backs, textured ceiling.
Bedroom One 14' x 10'1. Double glazed window to rear, built-in wardrobes, radiator, textured ceiling. Bedroom Two 13' x 8'1.
Double glazed window to rear, built-in wardrobe, radiator, textured ceiling. Family Bathroom/wc 8'1 x 6'1. Two obscure double glazed windows to front.
Suite comprising: panelled bath with folding glazed shower screen and shower attachment, wall mounted wash hand basin with mixer tap, low level wc.
Heated chrome towel rail, tiled flooring, complementary tiling to walls, smooth ceiling. Office Area 6'1 x 5'1. Range of base level units, radiator.
Loft Space Partly boarded with electrics and housing combination boiler. Exterior Communal area for washing. Communal gardens. Residential parking.
Buyers Information Pack Please see below the link to access the Buyers Information Pack/TA forms: a44eb7f6a
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 Queensland Crescent, Chelmsford, Essex, CM1
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