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See how verdicts work2-bedroom bungalow · CM1 4JN
Listing removedListed 82 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Viewing event! Saturday 8th August from 11AM- strictly by appointment only! This 2 bedroom detached bungalow has a large rear garden about 95' in depth and is offered for sale with no onward chain.
The property requires virtually complete modernisation and alteration, and hence is only available to those buyers in a position to proceed straight away and financially able to purchase this type of project property.
It is located on the Northern fringe of the City centre and within walking distance of the station and also the King Edward Grammar and County High Schools.
This bungalow could lend itself for further extension and possible conversion as many in the area have had and would be subject to any necessary consents.
Entrance Hall Radiator, doors to Bedroom One (4.11m x 2.47m) Radiator, double glazed bay window to front. Bedroom Two (4.07m x 2.72m) Radiator, double glazed bay window to front.
Shower Room Comprising of a w.c, vanity wash hand basin, shower cubicle, radiator, cupboard housing the Worcester gas fired boiler, double glazed window to rear.
Kitchen / Dining Room (4.64m x 4.26m) An irregular shaped room with kitchen area having dated units comprising a sink unit with working surface and cupboards, hob and oven, double glazed window to rear, open to dining area with radiator, three double glazed windows to the side, doors to the lounge at the rear and a lean-to style covered area to the side.
Covered Area (3.62m x 1.66m) In need of attention and having double glazed door giving access into the garden, poly-carbon roof.
Lounge (4.19m x 3.74m) A good size rear extension with radiator, double glazed window to side, double glazed full height picture window to the rear with view over the garden.
Potential For Off Road Parking The bungalow does not currently have a dropped kerb providing access for off road parking, although a number of the other bungalows have created off road parking in the front garden.
Garden There is a side access gate leading into the rear garden which is Easterly facing and approximately 95ft in depth.
It is well-established with mature shrubs, trees and plants etc and backs other gardens.
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 17, Sunrise Avenue, Chelmsford
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