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Cornflower Drive Chemlsford

East of England

£155,000
Listed on 11/10/2025

Property Details

Bedrooms
2
Type
Flat

Description

This two-bedroom flat is situated within a purpose-built block and features well-sized rooms, providing a solid foundation for someone interested in renovation and investment opportunities. The communal gardens surrounding the property offer a pleasant outdoor space, enhancing the overall appeal. Upon entering, you'll find a compact entrance hallway that leads into the living room, measuring 11'2" x 16'10". This area has the potential to be transformed into a welcoming gathering space with modern updates. The adjoining kitchen, at 8'6" x 8'6", presents further possibilities for reconfiguration or modernization to maximize efficiency and style. Both bedrooms are reasonably sized, with the main bedroom measuring 11'4" x 12'6", offering ample room for furnishings and personalization. The second bedroom, while smaller at 6'11" x 8'10", can serve as an ideal guest room or home office. The bathroom, though in need of updates, is functional and could be redesigned to meet contemporary standards and preferences. Located in a desirable area that supports long-term rental demand and property appreciation, this flat is ripe for transformation. With creative vision and investment, it can become a sought-after residence or rental unit. This property presents not only a chance to create a customized living space but also an opportunity to capitalize on its potential in a growing market.

Investment Analysis

(CM1 area)
Area Average
£420/sq ft
Avg Rent (weekly)
£326
Avg Yield
4.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
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
27%
Properties sold annually

Local Market Trend (CM1)

Area prices are rising by +8.0% over the last 12 months
3 year growth: 1.6%
5 year growth: 8.0%
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

Cornflower Drive Chemlsford
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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
£568
Based on a loan of £116,250 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