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 work3-bedroom house · CM2 6AG
Sold STCReduced £25k (−5.3%) on 25 OctListed 194 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
**** NO ONWARD CHAIN **** ***Guide Price £475,000-500,000*** This well-proportioned three bedroom detached bungalow offers a fantastic opportunity to acquire a home in the highly sought-after Springfield area of Chelmsford.
Approached via a block paved driveway providing ample off-road parking, the property also benefits from an integral garage for additional storage or potential conversion.
Internally, the accommodation begins with a welcoming entrance hall, giving access to all principal rooms.
The spacious dual-aspect lounge diner is a particular highlight, featuring a character fireplace and sliding doors that open directly onto the rear garden, creating a light-filled and versatile living and entertaining space.
The separate kitchen offers a larder cupboard, space for freestanding appliances and a rear door providing convenient access to the garden.
There are three well-proportioned bedrooms, some benefitting from built-in storage, along with an accessible wet room.
From the hall there is also pedestrian access to the integral garage, which further benefits from a WC.
Externally, the property enjoys a well-maintained front garden and a large, fully established and private south-west facing rear garden, ideal for outdoor relaxation.
The garden features a patio area and a shed providing additional storage.
Situated within the popular Springfield area, the property is ideally positioned close to a range of local amenities, including shops, cafés and parks, as well as several highly regarded primary and secondary schools.
Chelmsford City Centre is only a short distance away, offering an excellent selection of shopping, dining and leisure facilities.
Commuters will appreciate the excellent transport links, with Chelmsford and Beaulieu Park train stations providing regular services to London Liverpool Street, easy access to the A12 and convenient local bus routes.
Although the property requires refurbishment and modernisation, it presents excellent potential for buyers looking to personalise a home in a prime location.
Offered with no onward chain, early viewing is highly recommended. Palmer & Partners strongly encourage an internal inspection to fully appreciate the space, setting and opportunity on offer.
Entrance Hall Lounge Diner 5.0 x 4.9 Kitchen 4.0 x 3.1 Bedroom 1 3.1 x 3.4 Bedroom 2 3.4 x 3.1 Bedroom 3 3.5 x 2.4 Bathroom Garage
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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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
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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 Timsons Lane, Springfield, Chelmsford, Essex, CM2
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