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Downsway, Springfield, Chelmsford

East of England

£335,000
Listed on 13/09/2025

Property Details

Bedrooms
3
Type
Terraced house

Description

This spacious terraced home features three generously sized bedrooms and presents a unique opportunity for renovation and investment. The property offers a versatile layout that includes a separate dining room, a large lounge area, and a functional kitchen with direct access to the private rear garden. There is also potential for expansion or conversion of the garage (subject to planning permission), making this an appealing prospect for those looking to increase living space or create additional income streams. Internally, the home requires some updating, which is reflected in its pricing, allowing new owners or investors to tailor the interior to modern preferences while adding value. The ground floor comprises a welcoming entrance hall leading into the bright lounge and adjacent dining room. The kitchen is equipped with essential amenities, including integrated appliances and plenty of storage options. On the first floor, you will find the three bedrooms, each with ample natural light and built-in storage solutions in one of the larger rooms. A family bathroom and separate W/C add practicality to the layout. Outside, the rear garden features a paved patio area ideal for outdoor seating alongside mature shrubbery that creates a pleasant environment. At the front of the property, there is driveway parking and a garage with power connected. Located within easy reach of local schools, shopping amenities, and

Investment Analysis

(CM1 area)
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
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

Downsway, Springfield, Chelmsford
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