1-bedroom flat · CM1 6AL
For saleListed 59 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
** 50% Shared Ownership ** (100% Ownership Option Available for £240,000) Situated within the sought-after Ratcliffe Gate development in Old Beaulieu, this stunning one bedroom apartment is surrounded by attractive landscaped surroundings and nearby green open spaces.
Offering modern living in a desirable location, the property is ideally suited to first-time buyers and single professionals looking for a contemporary home with the added benefit of allocated parking.
Internally, the apartment is situated on the first floor and features a generous open plan lounge, dining and kitchen area, complete with fitted appliances.
The property also benefits from a spacious double bedroom with fitted wardrobes, providing excellent built-in storage, along with a modern and well-appointed bathroom.
Externally, the property benefits from an allocated residents’ parking space and is positioned at the end of a quiet cul-de-sac, while the surrounding landscaped areas and nearby green spaces provide an attractive setting.
Offering modern accommodation, excellent storage, allocated parking and an accessible route onto the property ladder, an internal viewing is highly recommended to fully appreciate everything this excellent apartment has to offer.
The apartment is available with the flexibility to purchase either a 50% share through the Shared Ownership scheme or 100% ownership for £240,000.
Shared Ownership provides an alternative route onto the property ladder, allowing you to purchase a percentage of the property while paying rent on the remaining share.
This can make homeownership more accessible, with a potentially lower deposit required than purchasing a property outright on the open market.
Agents note: Rent: £218.00 per month (for the remaining 50% share) In accordance with Section 21 of the Estate Agents Act 1979, we declare there is a personal interest in that the seller is an employee of Beresford’s Group Limited
Value & comps
No previous sales on record.
Returns
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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 61, Ratcliffe Gate, Chelmsford
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