3-bedroom detached house · CM2 9AZ
Listing removedListed 170 days
Opportunity summary
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About
*** NO ONWARD CHAIN - NO HEATING - POTENTIAL FOR REAR EXTENSION AND LOFT CONVERSION - A BEAUTIFUL LONG REAR GARDEN - QUIET END OF CUL DE SAC POSITION *** A TWO BEDROOM DETACHED BUNGALOW IN NEED OF COMPLETE REFURBISHMENT.
ACCOMMODATION INCLUDES: HALL, SITTING ROOM, DINING ROOM, KITCHEN, BATHROOM AND TWO BEDROOMS. One parking space with potential for more if required.
Locality Information - The property is situated a short distance from the city centre which has the mainline railway station to London Liverpool Street, a wealth of shopping and recreational facilities including the Bond Street Quarter and the Riverside sports centre and ice rink, as well as many bars and restaurants.
The A12 and A414 are easily accessible. A Tesco store is within a few minutes walk. Accommodation Comprises - Wooden entrance door with frosted window to hall.
Entrance Hall - Original doors to both bedrooms and dining room. Access to roof space. Sitting Room - 3.66m x 3.05m maximum (12 x 10 maximum) - Picture rails, upvc double glazed bow window to front.
Dining Room - 3.66m x 3.05m (12 x 10) - Picture rails, window to rear, doors to sitting room, kitchen and hall. Kitchen (Needs Updating) - 2.34m x 1.68m (7'8 x 5'6) - The kitchen needs updating.
Window to side and further small frosted window, sliding door to bathroom and frosted door to lean to.
Bathroom (Needs Updating) - Cast iron bath, wash hand basin, low level wc, wall mounted water heater, frosted window.
Bedroom One - 3.66m x 3.05m maximum (12 x 10 maximum) - Picture rails, upvc double glazed bow window to front. Bedroom Two - 3.05m x 2.69m (10 x 8'10) - Picture rails, dual aspect windows.
Lean To - 3.15m x 2.54m (10'4 x 8'4) - Glazed windows and door to rear garden and further to front access.
Outside - The front garden is lawned with various shrubs and enclosed by a brick wall to the front boundary. A pathway leads to the left hand side of the bungalow with door access to the lean to.
Parking - Double gates provide access on to a driveway for one car. Beautiful Long Unoverlooked Rear Garden - A lovely garden with a wild flower bed near to the rear elevation.
The remainder is laid to lawn with flower and shrub borders and fenced boundaries. There is a dividing hedge to the lower garden area with gate access in to a delightful private secret garden.
Further View - Secret Garden - Additional View - View From Lower Garden Area -
Value & comps
No previous sales on record.
Returns
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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
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FAQ
About Bruce Grove, Chelmsford
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