4-bedroom house · CM1 7SP
Sold STCListed 104 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Within a stone's throw of the CITY CENTRE is this well presented FOUR BEDROOM, TWO BATHROOM family home, with spacious accommodation over THREE FLOORS.
Offering an entrance hall, 16' MODERN KITCHEN DINER, ground floor cloakroom, 16' L-SHAPED LOUNGE with BALCONY, all good-sized bedrooms, GARAGE with POTENTIAL TO CONVERT, driveway parking and private rear garden.
Ideally located in a QUIET CUL-DE-SAC, close to local schooling, shops and the city centre. Contact Hamilton Piers to view!
Ground Floor Accommodation: - Entrance Porch: - Double glazed entrance door into porch area with part glazed wooden door into inner hallway.
Inner Hallway: - Stairs to first floor, under-stair storage cupboard, radiator, tiled flooring, doors to- Cloakroom: - Double glazed window to front, vanity hand basin, low level w/c, chrome radiator, fully tiled.
Kitchen Diner: - 4.09m x 5.13m (13'05" x 16'10") - Double glazed window and sliding doors to rear onto garden, square edge worktops with matching wall and base units, central island with drainer sink inset, gas hob with extractor over, integrated dishwasher, washing machine, under counter fridge, double oven, storage cupboard, radiator, tiled flooring.
First Floor Accommodation: - Landing: - Window through to lounge with doors to- Lounge: - 5.13m >3.15m x 4.27m (16'10" >10'04" x 14'00) - Double glazed sliding doors to front onto balcony, x2 radiators, wooden flooring.
Balcony: - Sitting space with metal railings to front. Bedroom One: - 4.34m x 3.18m (14'03" x 10'05") - Double glazed window to rear, x2 built in wardrobes, radiator.
Bathroom: - 2.11m x 1.88m (6'11" x 6'02") - Double glazed window to rear, bath with shower over, vanity hand basin, low level w/c, chrome radiator, fully tiled.
Second Floor Accommodation: - Landing: - Loft hatch, with doors to- Bedroom Two: - 3.68m x 3.07m (12'01" x 10'01") - Double glazed window to front, built in wardrobe, radiator, wooden flooring.
Bedroom Three: - 3.58m x 3.10m (11'09" x 10'02") - Double glazed window to rear, built in wardrobe, radiator, wooden flooring.
Bedroom Four: - 2.36m x 2.06m (7'09" x 6'09") - Double glazed window to front, single built in storage, radiator, wooden flooring.
Bathroom: - 1.83m x 1.78m (6'00" x 5'10") - Double glazed window to rear, bath with shower over, wall mounted hand basin, low level w/c, chrome radiator, fully tiled.
Exterior: - Rear Garden: - Patio to immediate rear, with artificial lawn laid to rest. Frontage & Parking: - Access to garage, driveway parking for 2 vehicles.
Garage: - Integral garage with up and over door, power connected. Potential to convert into additional accommodation, stpp.
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.
Area
Agent & docs
FAQ
About Parklands Drive, Old Springfield / Nr City Centre,Chelmsford
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