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See how verdicts work1-bedroom flat · CM1 7FN
Listing removedListed 181 days
Opportunity summary
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About
Tenure: Leasehold A stylishly presented, modern one double bedroom first floor flat, including a spacious open-plan kitchen/reception room, bathroom and an allocated parking space, all conveniently positioned within sought-after Broomfield, providing easy access into Chelmsford city centre.
The spacious entrance hall provides a video entry phone and access to the bedroom, bathroom and kitchen/reception room. There is also a useful storage cupboard.
Offering an excellent space to socialise, the open-plan kitchen/reception room is located to the front of the property.
The French doors opening onto the Juliette balcony provide plenty of natural light and are complemented by the attractive laminate flooring.
The kitchen is well equipped and has a range of base and eye-level units, work surfaces, stainless steel sink with mixer tap and drainer, integrated washer/dryer, integrated fridge freezer, electric oven with gas hob and overhead extractor hood, and a wall-mounted boiler.
The bathroom features a three-piece white suite including a panel-enclosed bath with glass screen and wall-mounted shower attachment, WC and wash hand basin.
It also has a wall-mounted ladder-style chrome towel rail.
The generously sized double bedroom is to the rear aspect and is neatly carpeted, with ample space for wardrobes and even a desk or chest of drawers.
Outside: There is an allocated parking bay situated in the car park to the rear of the building, along with dedicated secure bike storage.
Location: The property is positioned approximately three miles north of Chelmsford city centre and is within close proximity to the local amenities of Broomfield.
Little and Great Waltham, with their excellent pre-school and primary schooling, various pubs, and a well-stocked village store/post office, are also nearby.
Additionally, there are some lovely local countryside walks to enjoy. There is also a regular bus service to the city centre, outlying villages and towns, including Stansted Airport.
The City of Chelmsford offers an excellent selection of private and state schooling, including Chelmer Valley High School, Chelmsford County High School and King Edward VI Grammar School, as well as restaurants and shopping facilities, including John Lewis.
Chelmsford also has a mainline railway station serving London Liverpool Street, with an approximate journey time of thirty-five minutes.
Important information: Council Tax Band - B (£1,757.84 per annum). Services - We understand that mains water, drainage, gas and electricity are connected to the property.
Tenure - 243 years remaining (250 years from 01/01/2019, expiring on 31/12/2268). Ground Rent - £204 per annum and increases every 10 years of the term in line with rpi.
Service Charge - £1,472 per annum, paid half-yearly. The above details are subject to confirmation from the management company and/or the relevant authorities.
These charges are for the current year and may be subject to change.
EPC Rating: B Location The property is positioned within approximately three miles north of Chelmsford city centre and within close proximity to the local amenities of Broomfield.
Little and Great Waltham with their excellent pre and primary schooling, various pubs, and a well-stocked village store/post office are also nearby.
Additionally, there are some lovely countryside local walks to be had. There is also a regular bus service leading to the city centre, outlying villages and towns including Stansted Airport.
The City of Chelmsford offers an excellent selection of private and state schooling including Chelmer Valley High School, Chelmsford County High and King Edwards, restaurants and shopping facilities including John Lewis with a mainline railway station serving London Liverpool Street with an approximate journey time of thirty-five minutes.
Parking - Allocated Parking
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.
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About 63 Searle Crescent, Chelmsford
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