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See how verdicts work2-bedroom flat · CM1 1TW
Sold STCListed 75 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Overview Two bedroom ground floor maisonette with own front door, close to the City Centre.
Hall: Door to - Reception Room: 17'6 x 13'6 Carpet to floor, radiator, airing cupboard housing gas fired boiler heating hot water and radiators. Some storage space.
Sliding patio door to the paved garden area. Opening from reception room to - Kitchen: 7'3 x 6'3 Selection of base and eye level cupboards in white with brushed chrome handles. Sink and drainer.
Fridge and space for a washing machine. Cooker and hob with extraction unit over. Vinyl floor. Window to the rear. Bedroom 1: 11'04 x 11' Access from reception room. Carpet, window to the front.
Radiator. Built in cupboard. Bedroom 2: 11'01 x 7'09 Access from hall. Carpet, radiator and window to front. Bathroom: 6'04 x 5'09 Access from hall.
White suite comprising a panel enclosed bath with shower over, wash basin and low level w.c. Window to side. Further information The property is located in a quiet cul-de-sac close to the City Centre.
Parking for 2 vehicles in front of the maisonette. EV charger, access to the rear garden via a side gate.
Lease: 999 years from 13.02.2023 Peppercorn Ground Rent Insurance & Accountancy fees currently: £517.34 EPC: C Council Tax Band: B The freehold is owned by a management company and all four leaseholders hold an equal share.
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 Alma Drive, Chelmsford
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