2-bedroom flat · CM1 2DR
Sold STCListed 96 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated in the ever-popular Melbourne area of Chelmsford, this spacious two-bedroom first-floor maisonette presents an excellent opportunity for buyers looking to create a home tailored to their own tastes and requirements.
Requiring complete modernisation throughout, the property offers outstanding potential for refurbishment and would be ideal for investors, developers or buyers seeking their next renovation project.
The generous accommodation provides an excellent foundation to create a stylish and comfortable home.
Ideally positioned directly opposite Melbourne Park and within easy walking distance of Melbourne Parade, with its range of local shops, amenities and everyday conveniences, the property also benefits from being close to well-regarded schools and excellent transport links into Chelmsford city centre.
The property is offered with approximately 82 years remaining on the lease and, due to the remaining lease term, is available to cash buyers only.
This is a rare opportunity to acquire a property with exceptional potential in a sought-after residential location. Offered for sale with No Onward Chain.
Lounge/Diner - 6.10 x 4.00 (20'0" x 13'1") - Kitchen - 2.40 x 2.34 (7'10" x 7'8") - Bedroom One - 3.76 x 3.28 (12'4" x 10'9") - Bedroom Two - 3.76 x 2.68 (12'4" x 8'9") - Bathroom - 2.40 x 1.50 (7'10" x 4'11") - Balcony - 4.00 x 1.04 (13'1" x 3'4") - Agents Note - In accordance with the ‘Estate Agents Act 1979’ we disclose that the sellers of this property are connected with the Keith Ashton Group.
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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
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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
Agent & docs
FAQ
About Melbourne Avenue, Chelmsford
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