We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom house · CM3 3QN
Listing removedListed 219 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Description About the Home: Externally to the front there is a block paved drive with space for up to three vehicles, and side access to the rear garden.
Internally, this luxurious property features to the ground floor a bright and welcoming entrance hallway with stairs to the 1st floor and leads to all ground floor rooms including a generous ground floor cloakroom, a very spacious living room with ample space to accommodate a dining area and also benefiting from recently fitted high quality bifold doors leading out to the rear garden, ideal for the sunny periods and lastly a high specification fitted kitchen with windows to the front.
The Ground floor has the added benefit of underfloor heating.
The first floor boasts a spacious landing storage cupboards two generous double bedrooms with fitted wardrobes (see below for t's & c's).
The principle bedroom positioned at the front has a beautiful bespoke window and high ceilings and bedroom two located at the rear, also a generous size with built in wardrobes and windows to the rear.
Furthermore there is and a beautiful designed family bathroom, three piece suite with shower over bath, low level w/c and wash hand basin as well as high ceilings and skylight.
This home has been looked after and improved to a very high standard and meets all the needs for modern living.
Externally to the rear the garden has been updated with pet friendly Easigrass to keep it low maintenance, a patio area from the house which continues through to the side access and a shed, this is ideal for a young family or people who want to entertain.
Improvements made since purchasing the property: Newly Installed outside lighting lvt flooring installed downstairs General re-decorating throughout Bespoke Shutters Made to measure curtain for the feature window (can be purchased) Hi quality easigrass in the garden (Pet Friendly) New front door and frosted side panel Modern bifolds and internal blinds Fitted wardrobes in both bedrooms (can remain subject to negotiation) Location: 7 within walking distance playgrounds / parks including a free secure dog field for residents.
You can have a vegetable garden plot / fishing permit to use the channels lakes.
Bus/park and ride routes to Beaulieu or Chelmsford station (Beaulieu is a 20-minute walk or 3-minute drive) A brand-new Nursery & Healthcare Centre New Primary and Secondary schools Local pub, cafe & supermarkets / fast food chains Shared Ownership: The shared ownership scheme is a part buy and part rent option, of owning your own home for a smaller upfront payment and a more affordable way to get onto the property ladder.
With shared ownership, you buy a share of your home using a mortgage via a bank/building society and pay rent to Sparrow Homes on the share you did not purchase.
Shared ownership allows you to staircase (purchase additional shares) as and when your affordability criteria changes allowing you to own 100% of your own home and the freehold.
Shared ownership: 50% or more is being sold, approximately 637 per month rental and inclusive of estate charge.
Total Value of the property at 100% is £420,000 Council Tax Band: D Tenure: Leasehold Shared Ownership: 50% being sold, £637 per month rental payments The Boundary wall is owned by Sparrow Homes
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 24 Ironbroom Crescent, Chelmsford
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