Studio flat · CM2 6TT
Let agreedListed 30 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Communal entrance door:- leading to:- Communal area:- stairs the first floor, entrance door leads to:- Hallway area:- internal doors leading to:- Living area:- double glazed window to side, double glazed window to rear, storage cupboard, wall mounted electric heater, extra storage cupboards and built in wardrobes with bifold doors, laminate floor, insect spotlights to ceiling, internal door leading to:- Kitchen:- double glazed window to side, single sink unit with mixer tap, incorporating worktop surfaces with cupboards and drawers under, fitted range of wall mounted units, inset electric hob, stainless steel splashback, extractor hood over, electric double oven under, space for domestic appliances, wall mounted electric heater, textured ceiling Bathroom:- panelled bath with grab handles, mixer tap, thermostatic shower, tiled surround, low-level WC, vanity hand wash basin with mixer and tiled splashback, airing cupboard, access to loft space, wall mounted electric heater, nonslip laminate flooring, textured ceiling, External:- set within communal gardens, there are two allocated spaces with this property
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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 Mearns Place, Chelmer Village, Chelmsford, Essex
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