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See how verdicts workStudio flat · CM2 6TT
Listing removedListed 292 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Being sold with no onward chain is this first floor studio apartment, offering a spacious lounge/bedroom, fitted kitchen, bathroom, private residents parking with visitors spaces, and communal garden areas.
Ideal for first time buyers or as a buy to let investment. Located in a quiet cul-de-sac in Chelmer Village. Contact Hamilton Piers, Chelmer Village’s local specialists, to view!
Communal Entrance: Well kept communal areas, stairs to first floor with door to flat. Entrance Hall: Entrance to flat with door to bathroom and lounge/bedroom.
Bedroom/Lounge: (3.76m x 3.02m (12'04" x 9'11")) Dual aspect double glazed windows rear and side, built in storage cupboards, electric heater, door to kitchen.
Kitchen: (2.84m x 1.60m (9'04" x 5'03")) Double glazed window to rear, roll edge worktops with stainless sink inset, matching wall and base units, electric hob with extractor over, oven, tiled splashbacks, washing machine, fridge.
Bathroom: (1.88m x 1.63m (6'02" x 5'04")) Bath with shower over, vanity hand basin, low level W/C, loft hatch. Exterior: Residents parking with visitors spaces available, well kept communal gardens.
Leasehold Information: Years Remaining: Approx 954 Service Charge: £1120 Per Annum. Ground Rent: £0
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 16, Mearns Place, Chelmsford
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