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Forest Drive, Chelmsford

East of England

£350,000
Listed on 11/10/2025

Property Details

Bedrooms
2
Type
Semi-detached house

Description

This end-of-terrace home presents a unique opportunity for renovation and investment, located conveniently near Chelmsford city centre. The property offers the tranquility of a residential neighborhood while remaining close to urban amenities. Featuring two spacious bedrooms, this home is well-suited for first-time buyers or those looking to downsize without sacrificing room to move. The layout includes a welcoming lounge and a compact kitchen that could benefit from modern upgrades, allowing future owners to personalize the space according to their needs. One of the standout features of this property is the granted planning permission for an impressive double-storey side extension. This enhancement opens up significant potential for additional living space or increased rental value, making it an attractive prospect for investors interested in maximizing their return. Outdoor space is another highlight, with a private driveway accommodating two vehicles and a sizable garden. The well-kept lawn and patio seating area provide a pleasant backdrop for relaxation or outdoor entertaining. An outbuilding currently equipped with a sauna adds an element of versatility to the garden, serving as either a personal retreat or potential office space. Chelmsford itself is known for its rich history and modern conveniences, blending urban living with green spaces and community spirit. It boasts excellent transport links, including direct train services to London Liverpool Street in just over 30 minutes, making it an appealing location for commuters. The area also features a variety of shops, restaurants, and cultural attractions which cater to diverse lifestyles and tastes. This property not only offers comfortable living but also represents a promising investment opportunity in one of Essex's most desirable locations. With the right vision and updates, there is great potential for both personal enjoyment and future value appreciation.

Investment Analysis

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

Renovation Potential

Light Refurb
Est. Renovation Cost
£15,000 - £25,000
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

Forest Drive, Chelmsford
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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