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Orchard Street, Chelmsford, CM2

East of England

£190,000
Listed on 01/10/2025

Property Details

Bedrooms
2
Type
Flat
Area
603 sqft

Description

This ground-floor two-bedroom flat presents a unique opportunity for those looking to invest in a property with significant renovation potential. While the interior is in need of full modernization, it offers a blank canvas for creating a contemporary living space tailored to personal tastes. Featuring a bathroom and kitchen, the layout provides a solid foundation for reimagining the home’s functionality and aesthetics. Additionally, the property includes a garage with parking available at the front, which adds convenience and value to the unit. Residents can also enjoy access to a shared garden, enhancing outdoor living opportunities. Located in a small block, this flat is within walking distance of Moulsham Street and only 0.2 miles from the City Centre, making it ideal for those who appreciate urban amenities. The main line railway station is approximately 0.7 miles away, providing direct links to Stratford and London Liverpool Street—perfect for commuters seeking easy access to the capital. With no onward chain, this property allows for quick acquisition and offers excellent investment potential in an increasingly sought-after area. Whether you are looking to renovate for personal use or as a rental opportunity, this flat's location and characteristics make it an appealing choice for savvy investors. The current EPC rating stands at D, offering insight into energy efficiency considerations that can improve with renovations. The property is leasehold, with details on service charges available upon inquiry.

Investment Analysis

(CM2 area)

Below Market Value

This property is priced -25.9% below area average per sq ft

-25.9%
Potential saving
This Property
£315/sq ft
Area Average
£425/sq ft
Avg Rent (weekly)
£316
Avg Yield
4.1%
Monthly Sales
52
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (CM2)

Area prices are rising by +3.2% over the last 12 months
3 year growth: 2.0%
5 year growth: 11.0%
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.

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Location

Orchard Street, Chelmsford, CM2
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