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Laburnum Drive, Chelmsford, CM2 - Image 1
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Laburnum Drive, Chelmsford, CM2

East of England

£425,000
Listed on 03/08/2025

Property Details

Bedrooms
4
Type
Semi-detached house
Area
992 sqft

Description

This substantial four-bedroom home presents a remarkable opportunity for renovation and investment, set on a generous plot with ample potential for expansion. Located in a desirable area, the property offers both space and versatility to suit various family needs or investment goals. Upon entry, you are greeted by a welcoming hallway that leads into an expansive open-plan lounge-dining room. This inviting space benefits from abundant natural light, courtesy of a large bay window and French doors that open to the rear garden. The adjacent galley kitchen is equipped with practical features, including good worktop space, an integrated dishwasher, gas hob, double oven, and extractor fan—providing a solid foundation for modern updates or reconfiguration. The first floor consists of three well-sized bedrooms, highlighted by a spacious principal room featuring another bay window that enhances the room’s appeal. A contemporary family bathroom equipped with a power shower and towel radiator completes this level. An alternate tread staircase leads to the top floor bedroom, which benefits from substantial light through its large dormer window and includes built-in storage solutions. The exterior of the property is equally impressive with sizable gardens fronting the home, along with side and rear spaces that offer considerable scope for landscaping or development. A driveway accommodates two vehicles, enhancing convenience while maximizing outdoor space. Additional features include solar panels that generate approximately £1200 annually for the homeowner—a valuable asset in terms of energy savings. With its chain-free status and significant investment potential due to possibilities for expansion and modernization, this property represents an excellent opportunity for buyers seeking to create their ideal living environment or enhance their investment portfolio.

Investment Analysis

(CM2 area)

Above Market Value

This property is priced +1.0% above area average per sq ft

+1.0%
This Property
£428/sq ft
Area Average
£424/sq ft
Avg Rent (weekly)
£309
Avg Yield
4.1%

Renovation Potential

Light Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£462,669
10% above area average per sq ft
Potential ROI
+2.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
65
Average per month
Market Turnover
17%
Properties sold annually

Local Market Trend (CM2)

Area prices are rising by +3.0% over the last 12 months
3 year growth: 1.6%
5 year growth: 7.3%
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

Laburnum Drive, Chelmsford, CM2
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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
£1,557
Based on a loan of £318,750 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