1-bedroom flat · CM1 4XE
For saleReduced £5k (−5%) on 9 JulListed 141 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
***no onward chain*** Situated within the ever-popular Newlands Spring area of Chelmsford is this one-bedroom maisonette, forming part of a well-maintained development specifically for the over 55s.
The property is offered with no onward chain and is ready to move into immediately, while still offering an excellent opportunity for the next owner to modernise and personalise the accommodation to their own taste over time.
The accommodation comprises a generous living area, kitchen, well-proportioned bedroom and bathroom.
The home is practical, manageable and ideally suited to those looking for a comfortable property within a peaceful and established setting.
Externally, the development benefits from attractive communal gardens, which are carefully maintained and provide pleasant outside space for residents to enjoy.
There is also an on-site manager for the development, offering further reassurance and helping to ensure the surroundings remain well looked after.
Newlands Spring remains a highly regarded residential area, offering convenient access to local shops, bus routes, green spaces and Chelmsford city centre.
This is a fantastic opportunity for buyers seeking a well-located over 55s home with no onward chain, immediate availability and scope to improve further if desired.
Porch Lounge Diner 3.5 x 5.6 Kitchen 3.7 x 1.8 Bedroom 3.6 x 2.6 Bathroom 1.6 x 1.85
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 42, Nicholas Court, Essex
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