1-bedroom flat · CM1 3GL
For saleListed 166 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Perfect for first-time buyers, young professionals or commuters alike, this immaculate ground floor apartment offers stylish, low-maintenance living within “The Village” development, ideally positioned just outside of Chelmsford City Centre.
Presented in excellent condition throughout, the property benefits from an extended lease completed in 2022, providing added peace of mind for years to come.
Internally, the apartment features a bright and well-kept living space, a spacious double bedroom and a modern kitchen and bathroom, all complemented by electric heating and uPVC double glazed windows throughout.
The property also benefits from a secure phone entry system, creating both convenience and security for residents.
Externally, there is residents parking available along with access to beautifully maintained communal gardens and green spaces, ideal for enjoying the outdoors during the warmer months.
Location is another standout feature of this superb apartment.
Chelmsford Station is approximately just a 1-mile walk away, making it an ideal choice for London commuters, while the vibrant and highly sought-after Moulsham Street is only around 0.8 miles away, offering an excellent selection of independent cafés, bars, restaurants and local shops.
The property is also conveniently close to a range of everyday amenities, supermarkets and leisure facilities, whilst still enjoying a quieter residential setting slightly removed from the hustle and bustle of the city centre.
Offered at £180,000, this is a fantastic opportunity to secure a move-in-ready apartment in one of Chelmsford’s most convenient locations.
Tenure: Leasehold Lease: The property was built with a 105 year lease commencing 22/02/22.
There are 101 years remaining Service Charge: For the period of 01/11/2025 to 31/10/2026 the service charge is £1,955.50. The service charge is reviewed annually. Ground Rent: £125 per annum.
The ground rent is reviewed every 10 years, the next review date is 22/02/2032.
Council Tax: Band B is the council tax band for this property with an annual amount of £1,686.09 The Nitty Gritty (Big Bang Theory Edition) As part of the community, we’ve carried out a suitably “scientific” process to identify the best professionals for the job.
If we recommend someone, it’s in good faith that they’ll keep things running as smoothly as possible.
For transparency (because even Sheldon would insist), a small number of these parties—though certainly not the majority—may occasionally pay us a referral fee of up to £200.
The choice, however, is entirely yours, and you’re under no obligation to use anyone we suggest.
If your offer on one of our properties is accepted and you proceed, there’s an administration charge of £36 (inc. VAT) per person to complete Anti-Money Laundering checks.
This fee is non-refundable—much like a firmly held scientific conclusion.
Entrance hall Living/Dining Room 3.12m x 4.27m Kitchen 1.8m x 3.3m Bedroom 3.73m x 2.67m Bathroom
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 advisors 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 Rookes Crescent, Chelmsford
Explore nearby