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Storms Way, Chelmsford, CM2

East of England

£375,000
Listed on 20/01/2026

Property Details

Bedrooms
2
Type
Semi-detached house
Area
775 sqft

Description

This two-bedroom semi-detached property in the desirable Chelmer Village is situated on an expansive corner plot, providing significant potential for renovation or redevelopment (subject to obtaining necessary planning permissions). While the home needs modernization across all areas, it offers a blank canvas for creative visionaries looking to tailor their living space. The property features oil-fired central heating, with the oil tank conveniently located in the garden. Internally, the layout includes a welcoming entrance hall leading to a spacious lounge/diner accentuated by a bay window, a functional kitchen, and a lobby area that connects to a downstairs WC and lean-to. On the first floor, there are two generously sized bedrooms alongside a family bathroom equipped with both a bath and a separate shower cubicle. The large front, side, and rear gardens enhance its appeal, complemented by an extensive driveway for ample off-road parking and substantial outbuildings suitable for storage or workshop use. Given its favorable position on a generous plot, the possibilities here are extensive—ranging from major extensions to creating additional housing units or transforming the grounds into an outdoor haven. Conveniently located within Chelmer Village, residents will enjoy easy access to local amenities, schools, and transport links. This property presents an exceptional opportunity for those aiming to invest in a home rich with potential for future enhancement. No onward chain simplifies the acquisition process.

Investment Analysis

(CM2 area)

Above Market Value

This property is priced +13.3% above area average per sq ft

+13.3%
This Property
£484/sq ft
Area Average
£427/sq ft
Avg Rent (weekly)
£293
Avg Yield
3.8%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£35,000 - £55,000
Target Value
£364,103
10% above area average per sq ft
Potential ROI
-15.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
70
Average per month
Market Turnover
43%
Properties sold annually

Local Market Trend (CM2)

Area prices are rising by +3.3% over the last 12 months
3 year growth: +3.2%
5 year growth: +6.7%
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

Storms Way, Chelmsford, CM2
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,352
Based on a loan of £281,250 over 30 years at 4.06% 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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