We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work1-bedroom house · CM2 0XE
Listing removedListed 423 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
We are delighted to announce our appointment as the sole agent for the sale of this conveniently located retirement flat, designed specifically for individuals over 60.
This charming home offers a hassle-free living experience with no onward chain, making it an ideal choice for those looking to downsize or enjoy a more manageable lifestyle.
The accommodation features a comfortable double bedroom, complete with fitted wardrobes, as well as a good-sized living room. Recently updated, the shower room enhances the modern appeal of the flat.
Residents benefit from warden assistance and a reliable emergency pull cord system for added peace of mind.
Additionally, the property includes access to a community lounge and kitchen, fostering a sense of community among residents. A parking space is also available.
We highly recommend viewing this lovely retirement flat to fully appreciate its many advantages. COMMUNAL ENTRANCE DOOR With security entry phone system.
COMMUNAL RECEPTION HALL AND LOBBY Lift to all floors, communal lobby and hallway. Personal entrance door into.
RECEPTION HALLWAY Storage heater, laminate floor, security entry phone handset with emergency button, double cupboard with hot water tank and immersion, loft hatch, doors to.
SHOWER ROOM Newly fitted suite comprising of, Double shower cubicle with sliding doors, shower fitted, low level WC, pedestal was basin, extractor fan, textured and coved ceiling, tiled walls, wall mounted vanity strip light with shaver point, emergency pull cord.
BEDROOM ONE: 14'1 X 9'3 (4.29M X 2.82M) Double mirrored fronted fitted wardrobes, electric storage heater, emergency pull cord, textured and coved ceiling, double glazed window to rear.
LOUNGE 17'9 X 10'1 (5.41M X 3.07M) Feature fire surround , electric storage heater, textured and coved ceiling, emergency pull cord, double glazed window to rear.
KITCHEN 7'7 X 7'6 (2.31M X 2.29M) Fitted kitchen comprising of matching wall, base and drawers beneath with work top surfaces over, corner shelves, newly fitted electric hob and oven beneath and extractor hood above, plumbing for washing machine, textured and coved ceiling with strip light.
EXTERIOR Communal gardens, parking space. TERM OF LEASE 99 Years from 1988 so 37 Years have lapsed, current remaining lease is 62 Years. MAINTENANCE CHARGE £257.05 per month.
COUNCIL TAX BAND C Ground Rent: £147.44 every 6 months. EPC: C
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 advisers 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 Godfreys Mews, Chelmsford, Essex, CM2
Explore nearby
