Well-presented over-55s city-centre flat — auction sale with 61-year lease remaining..
- Ground-floor one-bedroom retirement flat, approx. 410 sq ft
- Warden-controlled development with communal lounge and gardens
- Central Chelmsford location, excellent shops and transport access
- Modernised interior; compact kitchen and shower room
- Leasehold with 61 years remaining — lenders likely to refuse mortgages
- Offered for sale by public auction; sold as seen
- Area records very high crime — check building security measures
- Suitable for cash buyers, specialist lenders, or buy-to-let investors
A compact, well-presented ground-floor retirement flat in the heart of Chelmsford city centre, offered for sale by public auction. The over-55s development is warden-controlled and includes communal lounge and gardens — useful social spaces for older owners or tenants. The one-bedroom layout (approximately 410 sq ft) has been modernised and sits close to shops, transport and local amenities.
This lot is sale by auction with a guide price of £50,000 and will be sold leasehold. The remaining lease term is 61 years; this is an important practical consideration because many mortgage lenders will refuse lending on a lease of this length. Buyers should budget for potential lease-extension costs or plan to purchase with cash or a specialist lender.
Suitability is mixed: the flat offers clear buy-to-let potential for investors seeking a city-centre retirement tenancy, or an owner-occupier downsizer wanting low-maintenance living and on-site support. Note the property is in an area with very high recorded crime — buyers should assess local safety and security measures in the building and neighbourhood before committing.
The sale is for immediate attention: auction conditions apply, and viewings are strictly by appointment. The block appears modern and well-maintained from communal areas and exterior photos, but buyers should commission a full inspection if considering purchase, especially to check service charges, communal maintenance, and any refurbishment needs not visible on marketing material.
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