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See how verdicts work1-bedroom flat · CM1 3EW
Listing removedReduced £20k (−11.1%) on 21 JunListed 207 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Top floor apartment situated in a popular development, being within a short walk of Writtle village green with duck pond and local amenities to include a supermarkets, Post Office, restaurants, public houses, schools, hairdressers, doctors, and dentist.
There is a regular bus route through to Chelmsford City Centre with mainline rail links to London Liverpool Street.
The apartment has an allocated parking space and an abundance of communal greensward.
The accommodation comprises of entrance hallway with entry phone system, dual aspect living room and new French doors that open onto a Juliet style balcony, refitted kitchen with oven and hob, double bedroom with fitted wardrobes and a new double-glazed window and French doors leading to a Juliet style balcony.
A refitted white bathroom/WC and allocated parking space. We highly recommend an internal viewing.
Entrance Hall With Entry Phone System Living Room (14' 4" x 10' 11") Dual Aspect with Juliet Balcony Refitted Kitchen (8' 9" x 5' 10") Bedroom (13' 2" x 9' 4") With Double Wardrobe Bathroom/WC Communal Gardens Allocated Parking
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 62, Melba Court, Chelmsford
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