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Smithers Drive, Chelmsford

East of England

£475,000
Listed on 01/04/2026

Property Details

Bedrooms
3
Type
Detached
Area
959 sqft

Description

This three-bedroom detached home presents an excellent opportunity for renovation and potential enhancement. The property includes two reception rooms, a functional kitchen, and the advantage of a newly fitted boiler. One of its standout features is the unoverlooked rear garden, providing ample space for outdoor activities or future landscaping projects. With scope to extend (subject to planning permission), this residence also boasts a garage with a carport and parking for 2-3 vehicles, making it ideal for families or investors looking to add value. Located in a quiet cul-de-sac, it is conveniently situated near local shops, amenities, and schools, with easy access to Chelmsford City Centre, the mainline station, and the A12. Recent updates include a refurbished cloakroom and shower room, yet there remains potential for further modernization throughout the property.

Investment Analysis

(CM2 area)

Above Market Value

This property is priced +16.2% above area average per sq ft

+16.2%
This Property
£495/sq ft
Area Average
£426/sq ft
Avg Rent (weekly)
£315
Avg Yield
4.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £40,000
Target Value
£449,493
10% above area average per sq ft
Potential ROI
-12.7%
After renovation
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
14%
Properties sold annually

Local Market Trend (CM2)

Area prices are rising by +2.1% over the last 12 months
3 year growth: +3.6%
5 year growth: +4.1%
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

Smithers Drive, Chelmsford
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£1,682
Based on a loan of £356,250 over 30 years at 3.91% 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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