1-bedroom flat · CM1 1AG
Sold STCListed 219 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Overlooking the developments central courtyard, this one bedroom second floor purpose built apartment with a balcony is situated within just minutes' walk of Chelmsford mainline station and also therefore Chelmsford City centre.
The development itself offers an on-site gym and a concierge service, whilst for this particular apartment there is a secure allocated residents parking bay.
RECEPTION HALL Large storage cupboard, radiator, secure entry phone system.
OPEN PLAN KITCHEN / LIVING AREA large sliding doors opening onto the balcony, the lounge area features two radiators and lays open plan to the kitchen space which is fitted with a comprehensive range of contrasting wall and base level units, square edge worktops, inset single drainer sink unit with mixer tap, four ring gas hob with hood over, separate Zanussi oven, integrated fridge freezer, integrated dishwasher, integrated washing machine.
BALCONY There is a good size balcony with views to both East and West and overlooks the developments central courtyard.
BEDROOM Large double glazed window overlooking central courtyard, radiator, mirror fronted wardrobes with sliding doors.
BATHROOM Inset spot lights, modern white suite comprising 'P' shaped bath with mixer tap, shower over and glazed screen, wall hung wash hand basin with mixer tap, modern w.c with concealed cistern and full and half flush, tiling to walls and floor, heated towel rail.
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 Watson Heights, CM1
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