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See how verdicts work1-bedroom flat · CM2 8BL
For saleReduced £15k (−7.3%) on 25 OctListed 44 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Offered for sale with no onward chain, this one-bedroom ground-floor maisonette on Wood Street, Chelmsford makes a brilliant first home.
Having your own front door makes a big difference straight away, opening into an entrance lobby with a really handy large storage cupboard for.
From here, you head through to a bright, spacious lounge that easily fits a comfortable seating setup alongside space for a small dining table.
Just off the lounge is the kitchen, which has a back door opening directly out into your own private garden.
Heading back through the hallway, you have a good-sized double bedroom with plenty of room for wardrobes, and lastley there is a the main bathroom.
Outside, along with your private garden, the home also comes with a single garage taking the hassle out of parking or giving you that extra bit of secure storage.
Set along Wood Street, you're in a really convenient spot for getting into Chelmsford city centre, picking up local amenities, and hopping on nearby transport links.
Tenure: Leasehold Lease: The lease was extended to a 99 year lease commencing 1/1/2014. There are 86 years remaining.
Expiry Date: 31 December 2112 (99 years from 1 January 2014) Service charge: We are advised that the property carries no annual service charge.
Ground rent: £300 per annum for the first 15 years of the term, thereafter doubling every 15 years.
"The Government has published draft leasehold reform legislation which proposes capping ground rents at £250 per year (and reducing to a peppercorn after 40 years) once enacted, potentially from late 2028, subject to parliamentary approval.” Band B is the council tax band for this property with an annual amount of £1,755.32.
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Entrance Hall Lounge 4.24m x 3.56m Bedroom 2.72m x 4.78m Kitchen 2.67m x 2.79m Bathroom Rear Garden
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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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
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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 Wood Street, Chelmsford
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