We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work1-bedroom flat · CM3 5RX
Sold STCReduced £5k (−3.6%) on 24 JulListed 151 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Balgores are delighted to offer for sale this beautifully finished one bedroom top floor apartment situated within town, close to all local amenities (including schools & transport links).
Set within a well-maintained development, the apartment also benefits from one allocated carport parking and secure entry.
Viewing is strongly advised to appreciate the charm & quality of this delightful apartment. Lease Remaining: 86 years. Service Charges & Ground Rent: £136.00 per month (approx).
Council Tax Band: B.
Entrance Hall Front door leading to inner hallway, laminate wood effect flooring, entry phone system, storage cupboard, access to loft via hatch Kitchen 7'6x5'9 Double glazed window to front, range of eye and base level units with work tops over, complimentary tiling to walls, integrated electric oven and hob with extractor hood over, space and plumbing for appliances, wood effect laminate flooring, stainless steel sink & drainer with mixer tap Living Room 11'7x10'3 Coving to ceiling, double lazed window to front, electric wall mounted radiator side Bedroom 13'3 max x8'2 max Double glazed window to rear, electric wall mounted heater Bathroom Ceiling with inset spot lights, obscure double glazed window to front, fully tiled walls, shower cubicle with electric shower, vanity unit housing wash hand basin with mixer tap, low level w/c, heated towel rail, laminate tile effect flooring Buyer's Information Pack Please see below a link to the Buyers Information Pack / ta Forms: A03487a86eb
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 18, Tallow Gate, Chelmsford
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