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See how verdicts work2-bedroom flat · CM1 1TD
Sold STCReduced £11k (−4.8%) on 25 OctListed 176 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Located within 400 meters of the Rail Station, this improved and spacious two double bedroom first floor maisonette features a private garden and is offered with the advantage of no onward chain.
The property has undergone several enhancements including a including a brand-new kitchen, new floor coverings, internal redecoration and a refurbished bathroom.
The accommodation comprises an entrance lobby with private stairs leading to the first floor, brand new kitchen, a bright and spacious lounge, Two double bedrooms with the master having built in bulkhead storage and a re-fitted bathroom.
In addition the property has a large attic with potential to be converted into additional living space/bedroom (subject to consent) Outside the property has its own private external staircase leading to a private garden with brick built storage shed.
As mentioned the property sits within 400 meters of the rail station and is just a short walk of Chelmsford City Centre which offers the Bond Street shopping complex, featuring John Lewis and a variety of established brands and dining options.
This property is ideal for commuters or investors. An early viewing is highly recommended to fully appreciate all it has to offer.
ENTRANCE HALL PRIVATE STAIRS TO FIRST FLOOR KITCHEN 9;1 x 8'4 Brand new kitchen fitted with a range of light grey high gloss base units and drawers, with matching eye level cupboards.
Black granite effect worktops, hob with oven below and hood over, integrated fridge/freezer, space for washing machine, double glazed window to rear, door providing access to rear external stair case LOUNGE 12'1 x 10'7 >11'7 double glazed window to rear aspect, radiator BEDROOM ONE 12'2 x 12' double glazed window to front aspect, radiator, Bulkhead storage cupboard.
BEDROOM TWO 14'1 x 10'7 > 12'2 double glazed window to front aspect, radiator.
REFURBISHED BATHROOM White suite to include paneled bath with mixer tap/shower, pedestal wash hand basin, low level flushing WC, tiled walls, radiator, double glazed window to rear aspect.
INTERNAL LOBBY housing boiler ATTIC We have been advised by the owner that the property has a spacious attic which potentially could be converted into additional living space/bedroom (subject to consent) EXTERIOR external staircase leading to shared footpath which in turns leads to an enclosed private garden with brick built shed, new fencing and two new gates installed.
COUNCIL TAX BAND TBC LEASE 141 YEARS GROUND RENT £0
Value & comps
No previous sales on record.
Returns
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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.
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FAQ
About Coval Lane, Chelmsford, Essex, CM1
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