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Goldlay Road, Chelmsford, CM2 - Image 1
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Goldlay Road, Chelmsford, CM2

East of England

£550,000
Listed on 29/12/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
1179 sqft

Description

This three-storey semi-detached townhouse presents a promising opportunity for renovation and personalized improvement. Spanning over 1,170 sq. ft., it offers flexible living spaces that can be adapted to suit modern family needs. The ground floor features an open-plan kitchen/dining area, which, while functional with its shaker-style units and integrated appliances, could benefit from cosmetic updates or even a reconfiguration to enhance flow and appeal. Additionally, the possibility of integrating access to the garage opens avenues for conversion into further living space (subject to planning approval). The first-floor living room is bright and inviting but could be refreshed with new finishes or layouts. Upstairs, two spacious double bedrooms and a well-appointed bathroom provide a solid foundation for upgrades aimed at enhancing comfort and style. The low-maintenance garden allows for outdoor enhancements or landscaping projects that could significantly increase the property’s value. Located in a desirable area close to Chelmsford city centre, this home has strong investment potential for those looking to add value through thoughtful renovations.

Investment Analysis

(CM2 area)

Above Market Value

This property is priced +10.0% above area average per sq ft

+10.0%
This Property
£466/sq ft
Area Average
£424/sq ft
Avg Rent (weekly)
£309
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£549,886
10% above area average per sq ft
Potential ROI
-8.4%
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

Goldlay Road, 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
£2,015
Based on a loan of £412,500 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