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Chelmsford Road, Shenfield, CM15

East of England

£850,000
Listed on 22/03/2024

Property Details

Bedrooms
4
Type
Detached house
Area
904 sqft

Description

Situated in the desirable area of Shenfield, this detached house presents a noteworthy opportunity for those looking to invest in a property with significant renovation potential. The home is conveniently located within half a mile of Shenfield Mainline Station, ensuring easy access to transport links for commuters. Local amenities are within walking distance, and the property falls within the catchment area for St Marys School, making it an attractive option for families. Spanning four bedrooms, the layout offers ample space for comfortable living. The three reception rooms—each inviting and easily adaptable—provide flexibility for various uses, whether as additional living spaces or dedicated areas for work or play. The two bathrooms add to the practicality of the home, making it suitable for family life. The property is set on a manageable plot that includes a well-maintained rear garden, ideal for outdoor enjoyment or further landscaping projects. In addition, off-street parking and a garage enhance convenience and security. While the home is in need of modernization, this presents an excellent chance to personalize the space to your taste and needs. With thoughtful renovations, there is potential to significantly increase both the comfort and value of the property. This unique offering encourages buyers not only to envision their dream home but also to explore its investment prospects in a sought-after location.

Investment Analysis

(CM15 area)

Above Market Value

This property is priced +91.8% above area average per sq ft

+91.8%
This Property
£940/sq ft
Area Average
£490/sq ft
Avg Rent (weekly)
£382
Avg Yield
3.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £60,000
Target Value
£487,455
10% above area average per sq ft
Potential ROI
-46.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
17
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (CM15)

Area prices are stable by +0.2% over the last 12 months
3 year growth: 2.7%
5 year growth: 7.1%
Investment Disclaimer: Analysis based on CM15 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

Chelmsford Road, Shenfield, CM15
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£3,114
Based on a loan of £637,500 over 30 years at 4.19% 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.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE