2-bedroom terraced house · CM2 6RW
Listing removedReduced £50 (−3.4%) on 14 AugListed 106 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
We are delighted to offer this well-presented two-bedroom mid-terraced home to the rental market, ideally situated in the peaceful and highly desirable area of Colyers Reach, Chelmsford.
The property offers bright and well-proportioned accommodation throughout, comprising two bedrooms, including a spacious double bedroom and a comfortable single bedroom, both benefiting from plenty of natural light to create a welcoming and airy feel.
The contemporary bathroom is fitted with a modern white suite, complete with both a bath and overhead shower, providing practicality for everyday living.
On the ground floor, the property features a separate reception room with useful built-in understairs storage, offering an ideal space to relax, unwind or entertain family and friends.
To the rear, the modern fitted kitchen is well-equipped with appliances and enjoys an abundance of natural light.
There is space for a dining table, making it perfect for everyday meals, while direct access to the private rear garden creates an excellent indoor-outdoor living space for the warmer months.
Further benefits include electric heating, the availability of parking and a private rear garden, making this an attractive and practical home. The location is a real highlight.
Positioned directly opposite a park, the property enjoys a pleasant outlook and easy access to green open spaces, perfect for walks and outdoor recreation.
Excellent public transport links, local shops and everyday amenities are all within easy reach, while a selection of well-regarded schools are nearby.
Offering a peaceful residential setting with the convenience of Chelmsford city centre just a short distance away, early viewing is highly recommended to appreciate all this wonderful home has to offer.
LIVING ROOM 13' 07" x 12' 0" (4.14m x 3.66m) KITCHEN/BREAKFAST ROOM 12' 0" x 7' 10" (3.66m x 2.39m) BEDROOM ONE 12' 0" x 11' 11" (3.66m x 3.63m) BEDROOM TWO 9' 06" x 5' 10" (2.9m x 1.78m) BATHROOM 6' 04" x 5' 09" (1.93m x 1.75m) A holding deposit equivalent to 1 weeks rent will be required to reserve the property, while referencing checks are being carried out.
With the tenants' consent, this holding deposit will be refunded against the first months' rent.
The holding deposit can be retained if the applicant provides false or misleading information, fails Right to Rent checks, withdraws from the property or fails to take reasonable steps to enter into the tenancy.
In accordance with the Tenant Fees Act, applicants will be required to enter into the tenancy agreement no more than 15 days after paying the holding deposit.
Failure to do so for any of the aforementioned reasons, may result in you losing your holding deposit. An extension to the deadline may be entered into, if agreed by all parties.
Right to Rent Checks By Law, Right To Rent checks must be carried out and as such, applicants will be required to provide original proof of ID (Passport and Residents Permits) and current address ID in accordance with Home Office guidelines.
Acceptable forms of address ID are as follows: - Driving license - Recent utility bill (within the last 3 months, we cannot accept mobile phone bills) - Council Tax bill - Letter from employer or GP (specifically stating & confirming your current address, on headed paper) - Mortgage statement - Tenancy agreement signed and dated within the last 6 months Please note that we cannot accept bank statements All potential tenants over the age of 18, will be subject to a credit check, carried out by a 3rd party to check for CCJ's, IVA's & Bankruptcy.
Applicants will need to provide proof of an income of at least 2.5 times the annual rent.
Additional checks include an employment check, affordability checks, previous Landlord reference and proof of address history, usually up to 3 years.
Local Housing Allowance applicants will require a working guarantor and be able to prove an income of 3 x the annual rent.
You may be required to provide Bank statements (to assess income), pay slips, benefits award letters, pension statements, WFTC award letter.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
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.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 Colyers Reach, Chelmsford
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