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25-29 Springfield Road, Chelmsford, CM2 6JE - Image 1
25-29 Springfield Road, Chelmsford, CM2 6JE - Image 2

25-29 Springfield Road, Chelmsford, CM2 6JE

East of England

£950,000
Listed on 25/03/2026

Property Details

Bedrooms
N/A
Type
Office
Area
4675 sqft

Description

This four-story mid-terrace mixed-use property offers a unique investment opportunity in the heart of Chelmsford. The ground floor currently operates as tea rooms, providing immediate rental income, while the upper levels consist of three separate office spaces, each fully let on short-term leases. Notably, vacant possession of these offices will be available in March 2026. There is significant potential for redevelopment, including the possibility to convert the upper floors into six two-bedroom apartments through permitted development rights, and even the chance to expand vertically with planning approval. Located at a strategic point on Springfield Road near key amenities and with access to the River Chelmer at the rear, this property presents an attractive proposition for those looking to enhance its value through renovation and reconfiguration.

Investment Analysis

(CM2 area)

Below Market Value

This property is priced -52.3% below area average per sq ft

-52.3%
Potential saving
This Property
£203/sq ft
Area Average
£426/sq ft
Avg Rent (weekly)
£315
Avg Yield
4.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£75,000 - £150,000
Target Value
£2,191,219
10% above area average per sq ft
Potential ROI
+99.2%
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

25-29 Springfield Road, Chelmsford, CM2 6JE
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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
£3,365
Based on a loan of £712,500 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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