2-bedroom flat · CM1 3GF
Sold STCListed 74 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This well presented ground floor flat in Chelmsford is a perfect opportunity for first time buyers looking to settle down in Essex.
Boasting two double bedrooms, including an en-suite to the master bedroom.
The flat features uPVC double glazed windows, a security entrance system, and electric heating for maximum comfort and security.
Residents can enjoy the convenience of residents parking and communal gardens/parks.
Situated just a 1 mile walk to Chelmsford tratin station and 0.8 miles to Moulsham Street, this flat offers easy access to all the amenities of Chelmsford.
Whether it's shopping, dining, or entertainment, residents will never be far from the action. Chelmsford has plenty to offer for young professionals and first time buyers.
From the vibrant nightlife and bustling restaurants to the beautiful parks and historical landmarks, there is something for everyone to enjoy.
Take a short stroll to Central Park just 0.6 miles away, visit the Chelmsford Cathedral, or explore the local markets for fresh produce and goods.
With an extended lease on completion, this flat in Chelmsford is the perfect opportunity for those looking for a stylish and comfortable home in a prime location.
Don't miss out on this fantastic opportunity to own your own piece of Essex luxury.
Tenure: Leasehold The Council tax band for the property is Band C with an annual amount of £1,926.96 Lease length: The property was built with a 99 year lease on 24/12/2001 and expires on 24/12/2100.
There are 74 years remaining. The vendor will be extending this alongside the sale. Ground rent: £150 per annum.
The ground rent doubles and will next increase on 24/12/2034 to £300, The ground rent will then subsequently double every 25 years thereafter.
Service charge: £1,955 for the period 01/11/2025 to 31/10/2026. The service charge is reviewed annually.
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Entrance hall Living/dining Room 4.22m x 4.39m Kitchen 1.96m x 2.72m Bedroom 1 3.4m x 3.53m En Suite Bedroom 2 2.49m x 3.73m Family bathroom
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
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FAQ
About Rookes Crescent, Chelmsford
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