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 work2-bedroom flat · CM1 2UZ
Sold STCReduced £35k (−35%) on 8 AugListed 777 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A two bedroom first floor retirement apartment Spalding Court was constructed by McCarthy & Stone (Developments) Ltd and comprises 35 properties arranged over 3 floors served by a lift.
Situated close to main Shopping Centre, Bus and Train Station and local park.
There is a resident Development Manager who may be contacted from various points within each property in the case of an emergency.
For periods when the Development Manager is off duty there is a 24 hour emergency Appello call system. Each property comprises an entrance hall, lounge, kitchen, one or two bedrooms and bathroom.
It is a condition of purchase that residents be over the age of 60 years. Within easy access to the town. Close to the railway and bus station.
Please speak to our Property Consultant if you require information regarding “Event Fees” that may apply to this property. Accommodation Front door to Entrance Hall Light switch, ceiling light point.
Airing cupboard with insulated hot water cylinder, electric meter and storage space. Electric storage heater.
Security door entry system Double Aspect Living Room Electric fire and surround, ceiling light fitting, storage heater, power points, TV aerial point, telephone point, security door entry system, emergency pull cord.
Glazed doors lead to:- Kitchen With Window Tiled and fitted with stainless steel sink unit, wall and floor cupboards with work tops. Built in electric oven and hob with extractor hood over.
Fridge/freezer. Power points. Ceiling light. Electric heater. Emergency pull cord. Bedroom One Built in wardrobe with hanging rail and shelf over.
Additional fitted bedroom furniture comprising three wardrobes, cupboards over bed and built in dressing table with drawers and stool. Storage heater, ceiling light, power points, emergency pull cord.
Shower Room Tiled and fitted with suite comprising Shower unit with grab rail and seat. Emergency pull cord. WC with low level flush and vanity unit with mirror over.
Spot lights, extractor fan, wall mounted electric heater. Towel rail. Bedroom Two Panel heater, ceiling light, power points, emergency pull cord.
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
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FAQ
About 27, Spalding Court, Chelmsford
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