2-bedroom flat · CM1 7QP
For saleReduced £15k (−6.3%) on 14 AugListed 168 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Two bedroom duplex first floor maisonette, recently decorated, vacant possession and including two garages in A nearby block.
Popular Springfield location, close to local convenience store and coffee shop, easy access to the A12 and nearby major supermarket Entrance Hall Stairs rising to the first floor First Floor Landing Window to front, radiator, large storage cupboard and stairs rising to second floor.
Kitchen (3.51m x 2.24m) Window to front, range of base and eye level kitchen units complimented by roll top work surface, tiled splashbacks, washing machine, dishwasher and fridge freezer to remain, ceramic hob with built in oven and partly open to the lounge.
Lounge (4.29m x 3.28m) Picture window to rear overlooking the shared garden, further window to side and radiator.
Second Floor Landing Gives access to bedroom one Bedroom One (3.33m x 3.30m) Window to front, built in wardrobe, radiator, further cupboard housing combination gas central heating boiler.
Bedroom Two (3.28m x 2.74m) Window to rear and window to side, further built in wardrobe.
Bathroom (2.39m x 1.47m) Window to rear, modern suite comprising of pedestal wash hand basin, low level w.c., bath with shower over, part tiled walls, fitted bathroom cabinet.
Exterior The property has a shared communal garden and as mentioned including within the purchase is two garages next to each other in a nearby block
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 29, Birk Beck, Meon Close, Chelmsford
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