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See how verdicts workStudio flat · CM2 6TR
Sold STCListed 264 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This first floor studio apartment is being offered for sale with no onward chain perfect for first time buyers or investors looking for a high rental yield.
As you enter the apartment, you will be greeted by a bright and airy open plan living/bedroom space with fitted wardrobes to one wall providing ample storage, and the pull down bed frame offers a clever space-saving solution, making this studio feel more spacious and functional.
Don't miss out on this opportunity to own a fabulous studio apartment which is ready for you to move in or rent out immediately following the sellers recently redecorating throughout.
Chelmer Village is situated on the outskirts of the City centre and has its own village shopping square within a short walk of the property.
There are also nearby river walks and a cycle lane in to the City centre which is around 2.5 miles away.
The recently refurbished Fox & Raven and Miller & Carter restaurants are also just a short walk away along with Chelmer Village retail park. Tenure: Leasehold.
Council Tax: The council tax band for the property is A with an annual amount of £1,487.28. Length of lease: 999 Years from 1 January 1990 - 964 remaining years. Ground rent: Peppercorn ground rent.
Service charge: £910.92 per annum with the service charge being reviewed annually. As an integral part of the community, we've gotten to know the best professionals for the job.
If we recommend one to you, it will be in good faith that they'll make the process as smooth as can be.
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You are under no obligation to use a third party we have recommended.
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VAT per person (non-refundable) to complete our Anti Money Laundering Identity checks.
First floor Living/bedroom 3.1m x 3.68m Kitchen area 2.62m x 2.59m Inner lobby Bathroom Outside Residents 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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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
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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 Burgess Field, Chelmer Village, Chelmsford
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