This one bedroom studio is located in the desirable Chelmer Village area of Chelmsford. Inside, there is an open plan living/kitchen space, a cozy bedroom which has been created to avoid a traditional studio layout with pull down bed. There is also a modern bathroom which has a white suite and tiled walls. Conveniently situated within a short 0.5 mile walk to ASDA supermarket and within 1 mile walk of the Chelmer Village Retail Park, residents will enjoy easy access to amenities, shopping, and dining options. Additionally, the property offers quick access to the A12 via A130, making commuting a breeze.

The apartment is situated within a development with communal grounds, providing a tranquil setting for residents. Investors will appreciate the opportunity this property presents with a gross yield of 8.25% at a suggested rental price of £825pcm.

Tenure: Leasehold

Lease: The property was built with a 999 year lease commencing 01/01/1980 . There are 953 years remaining

Service Charge: For the period of 01/01/26 to 31/12/26 the service charge is £1,035.25. The service charge is reviewed annually.

Reserve fund: For the period 01/01/26 to 31/12/26 is £168.75

Ground Rent: Peppercorn

Council Tax: Band A is the council tax band for this property with an annual amount of £1,487.28

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