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Glebe Crescent, Broomfield, CM1

East of England

£350,000
Listed on 02/09/2025

Property Details

Bedrooms
3
Type
Semi-detached house

Description

Situated in the desirable Glebe Crescent area of Broomfield, this three-bedroom semi-detached home presents a noteworthy opportunity for those looking to invest in a property with significant renovation potential. The residence occupies a generous plot and features a well-sized lounge and an expansive kitchen/diner, providing a solid foundation for modern living. The private rear garden offers a quiet retreat, ideal for families or those who appreciate outdoor space. While the property requires cosmetic updates, it also allows for extensive personalization and enhancement, with the possibility of further extension subject to planning permissions. This characteristic makes it an appealing choice for both investors seeking to capitalize on market demands and buyers eager to create their ideal living environment. In addition to its renovation potential, the property is equipped with off-road parking, a garage, and a carport—accommodating multiple vehicles conveniently. The location is another asset; residents benefit from close proximity to Broomfield Hospital, various local shops, reputable schools, and efficient bus routes. Furthermore, the vibrant Chelmsford city centre and mainline train station are easily accessible, providing direct connections to London Liverpool Street—a significant advantage for commuters. This property stands as an excellent starter project for renovators or investors looking to tap into the flourishing real estate market in Chelmsford. With its advantageous location and flexible living spaces ready for transformation, it promises the potential for value appreciation over time.

Investment Analysis

(CM1 area)
Area Average
£416/sq ft
Avg Rent (weekly)
£322
Avg Yield
4.2%

Renovation Potential

Light Refurb
Est. Renovation Cost
£10,000 - £20,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
61
Average per month
Market Turnover
15%
Properties sold annually

Local Market Trend (CM1)

Area prices are rising by +10.3% over the last 12 months
3 year growth: 4.0%
5 year growth: 10.3%
Investment Disclaimer: Analysis based on CM1 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

Glebe Crescent, Broomfield, CM1
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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
£1,282
Based on a loan of £262,500 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