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See how verdicts work1-bedroom flat · CM2 6ZH
For saleReduced £31k (−13.5%) on 25 OctListed 593 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Elwell Taylor present this modern one bedroom ground floor apartment for sale in Cressy Quay, Chelmsford.
The property benefits from having an outside area, fitted kitchen and being very close to the City Center and all amenities. One bedroom ground floor modern City Center apartment for rent.
Hallway: - Wood effect floor, storage cupboard. Coat hooks. Doors to all rooms. Lounge / Kitchen: - Open Plan Living and Kitchen area with wooden flooring, patio doors leading to the outside space.
Kitchen is fitted with high gloss cream units with Integrated dishwasher, cooker, fridge/freezer and washing machine. Window to front aspect.
Radiator Bedroom: - Double bedroom with wooden flooring, window to front aspect. Radiator. Bathroom: - White suite comprising a panel enclosed bath with shower, wash basin and WC. Heated towel rail.
and vanity cabinet External: - The property has a small garden area laid with fake turf and surrounded by a low level wall. Information - Lease Information: 99 years starting 2014. 89 years remaining.
Ground Rend: £219.78 / year Service Charge: £1641.23 / year Council Tax Band: C
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.
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FAQ
About 13, Cressy Quay
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