2-bedroom flat · CM2 6AT
Listing removedListed 64 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
**open day 29th August**-Available for rent immediately, is the well presented first floor apartment.
Offering a spacious 27' open plan living space, two good sized bedrooms with en-suite to the master, hallway, separate bathroom and modern kitchen with integrated appliances plus allocated parking.
Located walking distance to local schools/shops & city centre.
Call Hamilton Communal Entrance: First Floor Apartment: Entrance Hall: Open Plan Living Space: (8.28m x 4.37m (27'02" x 14'04")) Triple aspect double glazed windows, storage cupboard.
Kitchen Area: Round edge worktops with porcelin drainer sink inset, gas hob with extractor over, integrated oven, fridge freezer, washing machine, matching wall and base units, wall mounted boiler.
Lounge Area: Bedroom One: (3.78m x 3.05m (12'05" x 10'00")) En-Suite: (1.96m x 1.42m (6'05" x 4'08")) Bedroom Two: (3.00m x 2.87m (9'10" x 9'05")) Bathroom: (3.00m x 1.45m (9'10" x 4'09"))
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.
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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
Agent & docs
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FAQ
About 388, Springfield Road, Chelmsford
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