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Ashurst Drive, Springfield, Chelmsford - Image 1
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Ashurst Drive, Springfield, Chelmsford

East of England

£335,000
Listed on 22/08/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
972 sqft

Description

This terraced home presents a compelling opportunity for renovation and investment, featuring three well-proportioned bedrooms. The property is being sold with no onward chain, which enhances its appeal for those looking to move quickly or invest. On the ground floor, the home offers a spacious lounge that flows into a separate dining room, providing flexibility in how you might use these areas. The kitchen, while functional, is ripe for modernization and boasts an integrated double oven as well as space for additional appliances. There’s also a family bathroom and a separate W/C, both of which can benefit from updates. Upstairs, you'll find the three bedrooms, each featuring large windows that allow natural light to fill the spaces. Bedroom two includes fitted wardrobes, adding to the storage options available. The layout of the first floor also presents an opportunity to reconfigure or expand into unused loft space, subject to planning permission. The exterior features a paved patio area that leads to a garden complemented by mature shrubs and lawn space—ideal for those considering landscaping or outdoor enhancements. Additionally, the property includes a garage with power connections and driveway parking at the front, which can be valuable assets for future projects aimed at increasing living space or functionality. Located within walking distance of sought-after schools and local shops, this property not only offers immediate living potential but also significant scope for improvements and expansions in line with market demands. The need for general updating has been reflected in the pricing, making it an attractive option for investors or homeowners looking to personalize their space while benefiting from potential value appreciation over time.

Investment Analysis

(CM1 area)

Below Market Value

This property is priced -16.7% below area average per sq ft

-16.7%
Potential saving
This Property
£345/sq ft
Area Average
£414/sq ft
Avg Rent (weekly)
£340
Avg Yield
4.3%

Renovation Potential

Est. Renovation Cost
£33,500 - £83,750
10-25% of property value
Target Value
£442,435
10% above area average per sq ft
Potential ROI
+5.7%
After renovation
Monthly Sales
62
Average per month
Market Turnover
57%
Properties sold annually

Local Market Trend (CM1)

Area prices are rising by +10.2% over the last 12 months
3 year growth: 1.6%
5 year growth: 12.0%
Investment Disclaimer: Analysis based on CM1 area averages and may not reflect property-specific factors like condition, exact location, or unique features. 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

Ashurst Drive, Springfield, Chelmsford
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