1-bedroom flat · CM1 3GS
Sold STCListed 220 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Being offered for sale with a BRAND NEW 125 YEAR LEASE is this one bedroom first floor apartment offering a lounge with juliet balcony, electric heating, double glazing and parking.
The property is within close proximity of Chelmsford City centre and mainline train station and is being offered for sale with no onward chain.
ENTRANCE HALL Airing cupboard, entry phone system, doors to LOUNGE Double glazed door to juliet balcony with adjacent windows to front, electric heating, door leading to KITCHEN Double glazed window to front, fitted in white wall and base level units with roll edge worktops, inset single bowl sink unit with mixer taps, four ring electric hob, oven and cooker hood, splashback tiling, space for washing machine and fridge/freezer.
BEDROOM Two double glazed windows to rear, recess for wardrobe, electric heater.
BATHROOM White suite comprising of panel enclosed bath with mixer tap and shower over, wash hand basin and low level w.c with concealed cistern, wall heater and extractor fan.
EXTERIOR Communal garden areas and parking, bin store.
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 Parkinson Drive, CM1
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