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Peel Road, Chelmsford, CM2

East of England

£500,000
Listed on 15/10/2025

Property Details

Bedrooms
3
Type
Detached house

Description

This three-bedroom detached bungalow presents a compelling opportunity for those looking to invest in a property with significant renovation and redevelopment potential. Located on a generous plot, the home is set in a well-connected area of Chelmsford, making it an attractive option for both families and investors. The current layout includes a comfortable lounge, a sizable kitchen/diner, and a bright conservatory that extends the living space. The three bedrooms offer practical accommodation alongside a dedicated bathroom. While the structure is functional and livable as is, the expansive grounds surrounding the property provide ample scope for enhancement or expansion, subject to planning permissions. Externally, the property features a large front area that allows for off-road parking, while the extensive gardens afford both privacy and numerous possibilities. These outdoor spaces could accommodate extensions to create a larger family home, or even the potential for additional dwellings if approved by local authorities. Situated in an established residential neighborhood with easy access to local amenities and transport links, this bungalow offers unique investment prospects. With no onward chain, it stands as an inviting canvas for buyers eager to realize their vision for home improvements or new developments.

Investment Analysis

(CM2 area)
Area Average
£424/sq ft
Avg Rent (weekly)
£309
Avg Yield
4.1%

Renovation Potential

Light Refurb
Est. Renovation Cost
£30,000 - £50,000
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

Peel 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
£1,832
Based on a loan of £375,000 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