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See how verdicts work2-bedroom flat · CM1 6XH
Sold STCReduced £5k (−2.8%) on 25 OctListed 122 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Boasting NO ONWARD CHAIN, a spacious 17' lounge/diner plus NEWLY FITTED KITCHEN and modern bathroom is this two DOUBLE bedroom GROUND FLOOR flat.
Benefiting from a long 139 YEAR LEASE TERM, recently redecorated throughout and tucked away in a CUL-DE-SAC position within the highly regarded Springfield area.
Conveniently set within walking distance of local shops/amenities and popular schools, with easy access to the NEW Beaulieu Station, bus routes, A12/Chelmsford City Centre & Mainline Station.
Perfect for first time buyers!! Call Hamilton Piers, the leading local property experts in Springfield, to view!
***GUIDE PRICE £180,000-£190,000*** The accommodation, with approximate room sizes, is as follows: Ground Floor Accommodation: - Communal Entry: - Secure entry into communal hall with access door to property entrance.
Entrance Hall: - Airing cupboard, wood flooring. Lounge / Diner: - 5.18m x 3.58m (17'0 x 11'9) - Double glazed windows to front and side aspects, carpeted flooring. Opening to kitchen.
Kitchen: - 2.77m x 2.62m (9'1 x 8'7) - Double glazed window to front aspect, a series of matching base and wall units, edged work surfaces incorporating a single bowl sink with central mixer tap and drainer, built-in oven, electric hob, extractor hood over, space for fridge/freezer, washing machine and dishwasher, built-in storage/larder cupboard, tiled flooring.
Bedroom One: - 4.17m x 3.00m (13'8 x 9'10) - Double glazed window to rear aspect, carpeted flooring. Bedroom Two: - 3.25m x 2.18m (10'8 x 7'2) - Double glazed window to rear aspect, carpeted flooring.
Bathroom: - Single glazed borrowed-light window, panelled bath with central mixer tap and shower attachment, inset WC, vanity wash hand basin, tiled flooring.
Exterior: - Communal Gardens: - Residents communal gardens. Residents Parking: - Residents parking area with further on-street parking available on a free for all basis.
Agents Notes: - Lease Details: Lease Term: 139 years Service Charge: £120 per calendar month Ground Rent: £125 per 6 months Council Tax Band: B For further information regarding this property, please contact Hamilton Piers.
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.
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FAQ
About Crocus Way, Springfield, Chelmsford
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