1-bedroom terraced house · CM2 6XH
Sold STCListed 291 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
GUIDE PRICE £205,000 - £215,000! This 1 BEDROOM HOUSE really could make an ideal first purchase or possible investment buy and is offered for sale with VACANT POSSESSION!
It has recently been REDECORATED and has NEWLY LAID FLOOR COVERINGS and is very good order throughout.
It comprises a lounge, well fitted kitchen, bedroom and bathroom and has RADIATOR HEATING and DOUBLE GLAZED WINDOWS.
It further benefits from 2 ALLOCATED PARKING SPACES to the rear and has well tended communal grounds.
It is located on Chelmer Village being within walking distance of the City centre and has local amenities close by including bus services and Asda Store and Public House at the Village Square.
INTERNAL VIEWING HIGHLY RECOMMENDED!
ENTRANCE LOBBY Laminate flooring, part glazed door leading to: LOUNGE 3.94m (12'11) x 3.15m (10'4) MAX Laminate flooring, radiator, stairs to first floor with useful recess under, double glazed window to front, through to: KITCHEN 3.94m (12'11) x 1.83m (6') Well fitted with a good range of units comprising; inset single drainer sink unit with mixer tap, working surface with drawers and cupboards under, built in hob, oven and cooker hood above, fridge/freezer and washing machine to remain, laminate flooring, radiator, tiling over worktops, eye level cupboards, double glazed window to rear.
FIRST FLOOR LANDING Built in cupboard housing Vaillant wall mounted gas fired boiler, further built in storage/wardrobe cupboard, access to loft space, white panelled doors leading to: BEDROOM 3.18m (10'5) x 2.9m (9'6) Radiator, good size built in over stairs wardrobe/storage cupboard, double glazed window to front.
BATHROOM Fitted with a white suite comprising; panel enclosed shower/bath with mixer tap, fitted shower with rain head and separate hose, glazed screen to side, pedestal wash hand basin with mixer tap, WC, radiator, part tiled walls, shaver socket, double glazed window to rear.
TWO ALLOCATED PARKING SPACES This property has the added advantage of two side by side allocated parking spaces in a tucked away parking area to the rear of the property.
OUTSIDE There are well kept communal grounds.
AGENTS NOTE This property is FREEHOLD and has a service charge for the communal grounds which we understand is currently £1582.37 per annum Please be aware that should you be successful in having an offer accepted through Adrians, we are legally required by the HMRC to conduct AML (Anti-Money Laundering) Checks for compliance efforts.
For this there is a non-refundable charge of £25.00 including VAT per person which will be invoice receipted for your records.
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.
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About Cusak Road, CM2
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