1 bed flat for sale

Flat 6, Chancellor Court, Broomfield Road, Chelmsford, Essex CM1

For sale by auction on Wednesday, 09 Dec 2026 at 10:00

Venue: Livestream Auction

A leasehold apartment within this over 55's retirement complex - considered to be suitable for owner occupation or a buy to let investment

The property is currently let and achieving a rental income of £1,000 pcm (£12,000 pa) which represents a gross yield of over 13% of the guide price. We are advised that the the tenant has served notice to end this tenancy and therefore the property is expected to be vacant upon completion.

Chancellor Court is a sought after Retirement complex for the over 55s, conveniently situated just north of the City Centre. It offers excellent communal areas and well kept gardens and some car parking.

Ground Floor
This ground floor flat measures approximately 592 square foot (55 square meters) and offers a lounge, kitchen, bedroom and a shower room with WC.

A lift serves all three floors and there is a communal lounge with kitchen facilities, laundry room and communal gardens.

Leasehold Information
Term: 125 years from 1 February 2007 (105 years remaining)

Annual ground rent amount: £425

Ground rent review period: Please refer to legal pack

Annual service charge amount: Please refer to legal pack

Service charge review period: Please refer to legal pack

Council Tax Band
D


EPC Rating: B

Additional Fees
Buyers Premium: £1200 inc VAT payable on exchange of contracts.

Administration Charge - £1200 inc VAT payable on exchange of contracts.

Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

Price Information
* Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.