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Watchouse Road, Galleywood, Chelmsford - Image 1
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Watchouse Road, Galleywood, Chelmsford - Image 5

Watchouse Road, Galleywood, Chelmsford

East of England

£1,115,000
Listed on 02/04/2024

Property Details

Bedrooms
4
Type
Detached House

Description

This modern detached four-bedroom residence is situated on a substantial plot of nearly a third of an acre, adjacent to preserved equestrian land. While the home has recently benefitted from significant renovations, it still presents various opportunities for further enhancement and personalization. The expansive open-plan sitting and dining area seamlessly connects to a stylish family garden room, currently serving as an entertainment space complete with a music setup and bar. The ground floor boasts well-thought-out storage solutions, including a dedicated coat storage area just off the rear entrance. The contemporary German kitchen features integrated appliances and a dual-sided breakfast bar for convenient dining. Upstairs, the property comprises four generously-sized double bedrooms alongside a family bathroom, laundry room, and study area. The principal suite offers an en-suite shower room and dressing area, while the second and third bedrooms have been designed with vaulted ceilings that hint at the potential for creating private balconies overlooking the serene fields behind. Outdoors, access is provided via an appealing shingle driveway leading to the entrance. The expansive garden unfolds in a south-westerly direction, featuring a modern paved sun terrace ideal for alfresco gatherings. An adjacent plot of approximately 0.1 acres could be negotiated separately; this land holds potential for development possibilities—be it as an independent building lot or for constructing additional amenities like a garage or carport. This arrangement could also enable reconfiguration of the driveway to optimize the larger garden area as open lawn space. In summary, this property not only offers immediate family living but also future investment scope with its spacious layout and development potential.

Investment Analysis

(CM2 area)
Area Average
£426/sq ft
Avg Rent (weekly)
£315
Avg Yield
4.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
63
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (CM2)

Area prices are rising by +2.1% over the last 12 months
3 year growth: +3.6%
5 year growth: +4.1%
Investment Disclaimer: Analysis based on CM2 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Watchouse Road, Galleywood, Chelmsford
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£3,949
Based on a loan of £836,250 over 30 years at 3.91% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

Price History

-3.0% since listed
£1,115,000£35,000(-3.0%)
15/06/2024
Current price
£1,150,000Initial listing
02/04/2024

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