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See how verdicts work2-bedroom flat · CM1 2GH
For saleListed 24 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Bond Residential are delighted to offer for sale this well-proportioned two-bedroom first floor apartment at Wicks Place, a short walk from both Chelmsford City Centre and the mainline railway station.
A welcoming entrance hall leads through to an impressive living/dining room.
This bright and spacious area provides ample room for both seating and dining areas, and benefits from French doors opening onto a private balcony overlooking the established grounds.
The fitted kitchen is positioned just off the living room and offers a comprehensive range of wall and base units, work surfaces, integrated cooking facilities and space for additional appliances.
Of the two bedrooms, the principal is a generous double with fitted mirrored wardrobes, its own en-suite shower room and French doors opening onto a second private balcony.
The second bedroom is also well proportioned and would make an ideal guest bedroom or home office. A separate bathroom with a white suite and shower over the bath completes the accommodation.
The apartment extends to approximately 660 sq ft with two private outside spaces.
It makes an excellent proposition for first-time buyers, professional couples, commuters or anyone seeking a city centre home. Residents’ parking is also available.
LOCATION Wicks Place occupies a highly convenient position within easy reach of Chelmsford City Centre, providing excellent access to the city's extensive selection of shops, restaurants, cafés, bars and leisure facilities.
Chelmsford's mainline railway station is close by and provides regular services into London Liverpool Street, making the location particularly attractive to commuters.
Nearby green spaces include Central Park, Admirals Park and attractive riverside walks along the River Can and River Chelmer, offering plenty of opportunities for walking, cycling and recreation.
The city also benefits from a wide range of sporting and leisure facilities, together with well-regarded schools and excellent road connections via the A12.
The combination of city centre convenience, transport links and access to open spaces continues to make Chelmsford a highly popular place to live. Approximately 106 years remaining on the lease.
Ground Rent - £391 PA - Service Charge £2152 PA
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 Wicks Place, Chelmsford, CM1
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