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Wallace Crescent, Chelmsford

East of England

£450,000
Listed on 04/11/2025

Property Details

Bedrooms
3
Type
Detached Bungalow
Area
1116 sqft

Description

Introducing a three-bedroom detached chalet bungalow on a generous corner plot in Chelmsford, offering a blend of spaciousness and adaptability for prospective homeowners. This property presents a unique opportunity to transform it into your ideal family residence. The interior comprises two expansive reception rooms, perfect for various living arrangements, as well as a well-proportioned kitchen ripe for modernisation to reflect your personal style. A newly fitted boiler provides reliable heating throughout the home. The ground floor features two double bedrooms along with a family bathroom, making it suitable for diverse living needs. The loft conversion introduces an impressive main bedroom suite that includes an en-suite shower room, creating a light-filled retreat upstairs. Outside, the extensive rear garden offers significant potential for outdoor entertaining or further development (subject to obtaining planning permission), while the front driveway enhances convenience with off-road parking. Conveniently located near Chelmsford city centre, key schools, local amenities, and transport links, this property is an excellent choice for families and professionals alike. With ample room to update and personalise the space, this detached chalet bungalow stands as an appealing investment opportunity in a sought-after area.

Investment Analysis

(CM2 area)

Below Market Value

This property is priced -4.7% below area average per sq ft

-4.7%
Potential saving
This Property
£403/sq ft
Area Average
£423/sq ft
Avg Rent (weekly)
£317
Avg Yield
4.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£519,582
10% above area average per sq ft
Potential ROI
+3.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
67
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (CM2)

Area prices are rising by +3.2% over the last 12 months
3 year growth: +4.5%
5 year growth: +4.8%
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

Wallace Crescent, Chelmsford
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£1,605
Based on a loan of £337,500 over 30 years at 3.97% 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.

Stamp Duty Calculator

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