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See how verdicts work3-bedroom bungalow · CM1 6JW
Sold STCListed 91 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
** OIEO £385,000 ** Offered for sale with no onward chain, this detached bungalow is situated in a sought-after cul-de-sac within Old Springfield and offers well-proportioned single-storey accommodation, a private garden, driveway parking and garage.
The property further benefits from a newly fitted air source heat pump, helping to make the home super energy efficient and appealing to buyers looking for lower running costs and a more sustainable heating system.
The accommodation is arranged around a practical internal layout and offers a spacious main reception room, ideal for both relaxing and entertaining.
The kitchen provides a good range of storage and work surface space, with access to the garden making it well suited to everyday living.
There are three bedrooms, offering flexibility for family use, guest accommodation or home working. The bathroom/wet room completes the internal accommodation and provides a practical modern facility.
Externally, the property enjoys a private garden with space for outdoor seating, planting and entertaining, whilst the garage and driveway provide valuable off-road parking and storage.
Set within a peaceful cul-de-sac position, the property combines the benefits of single-storey living with a highly convenient Old Springfield location close to local amenities, schools and transport links.
Location Redruth Close is located in Old Springfield, one of Chelmsford’s most established and sought-after residential areas.
The area offers an excellent range of everyday amenities, including local shopping parades, convenience stores, cafés and services, with further facilities available at Springfield, Chelmer Village and Chelmsford city centre.
For those who enjoy outdoor space, Springfield offers access to a number of parks, greens and recreational areas, including Springfield Hall Park, river walks and open spaces along the Chelmer Valley.
Chelmsford city centre provides a wider selection of shopping, dining and leisure facilities, including Bond Street, High Chelmer, Meadows Shopping Centre, restaurants, bars, cinema and theatre.
The property is well placed for commuters, with Chelmsford railway station providing direct services to London Liverpool Street.
Road links are also convenient, with access to the A12, A130 and wider road network.
Families are well served by local schooling, with nearby primary and junior schools including The Tyrrells School and Perryfields Junior School, together with The Boswells School for secondary education.
Chelmsford is also renowned for its selective grammar schools, making the area popular with families and long-term buyers.
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
Agent & docs
FAQ
About Redruth Close, Old Springfield, Chelmsford, CM1
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