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North Avenue, Chelmsford - Image 1
North Avenue, Chelmsford - Image 2
North Avenue, Chelmsford - Image 3

North Avenue, Chelmsford

East of England

£250,000
Listed on 01/11/2025

Property Details

Bedrooms
2
Type
Terraced house

Description

This two-bedroom terraced house presents a significant opportunity for renovation, making it ideal for both homeowners looking to customize their living space and investors seeking potential returns. While the property requires modernization, its layout and features provide a strong foundation for transformation into a comfortable family home or a lucrative rental investment. Upon entering, you will find an entrance hallway that leads to various functional spaces. The kitchen, equipped with a wall-mounted Worcester gas boiler, has a front-facing UPVC window that fills the room with natural light. The adjacent lounge offers ample space with another UPVC window facing the rear and direct access through a door to the garden, enhancing the indoor-outdoor flow. Upstairs, the landing features a large cupboard that could be repurposed into an additional bathroom or shower room with proper modifications, allowing for increased functionality and added value. The first bedroom is generously sized and benefits from two rear-facing UPVC windows, while the second bedroom overlooks the front of the house. A basic bathroom completes this level. Located within a neighborhood known for its community feel and accessibility to amenities, this property is strategically positioned for future appreciation. With local schools, parks, shops, and public transport links nearby, it holds great promise as an investment opportunity in an evolving area. Please note that this property is currently undergoing probate proceedings; however, interested buyers are welcome to arrange viewings and discussions regarding potential offers. This house not only offers immediate renovation prospects but also invites creative visioning for its future possibilities.

Investment Analysis

(CM1 area)
Area Average
£416/sq ft
Avg Rent (weekly)
£322
Avg Yield
4.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £40,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
61
Average per month
Market Turnover
15%
Properties sold annually

Local Market Trend (CM1)

Area prices are rising by +10.3% over the last 12 months
3 year growth: 4.0%
5 year growth: 10.3%
Investment Disclaimer: Analysis based on CM1 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

North Avenue, Chelmsford
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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
£916
Based on a loan of £187,500 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