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Wallace Crescent, Chelmsford

East of England

£450,000
Listed on 08/11/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1116 sqft

Description

This three-bedroom detached chalet bungalow presents a valuable opportunity for those looking to enhance its charm and functionality. Nestled on a generous corner plot in the attractive area of Chelmsford, the property offers ample space and promising investment potential for creative renovation. Inside, you will find two spacious reception rooms that allow for flexible use—perfect for both cozy family life and entertaining guests. The kitchen, while well-sized, awaits modern updates to match contemporary tastes and needs, providing an excellent starting point for transformation. On the ground floor, there are two comfortable double bedrooms along with a family bathroom that could benefit from refurbishment. The standout feature is located upstairs, where a loft conversion has created an inviting master bedroom suite featuring an en-suite shower room—a bright personal space ready for your finishing touches. The expansive rear garden opens up possibilities for outdoor living or even extension potential (subject to obtaining necessary planning permissions). A driveway at the front ensures convenient off-road parking. With its proximity to Chelmsford city centre and local amenities—including schools and transport links—this residence is ideally situated for families or professionals seeking a home they can personalize over time. This property is offered with no onward chain, making it an appealing project for those eager to bring their vision to life.

Investment Analysis

(CM2 area)

Below Market Value

This property is priced -5.6% below area average per sq ft

-5.6%
Potential saving
This Property
£403/sq ft
Area Average
£427/sq ft
Avg Rent (weekly)
£306
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £50,000
Target Value
£524,615
10% above area average per sq ft
Potential ROI
+4.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
60
Average per month
Market Turnover
15%
Properties sold annually

Local Market Trend (CM2)

Area prices are rising by +3.3% over the last 12 months
3 year growth: +4.2%
5 year growth: +6.0%
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.

Location

Wallace Crescent, Chelmsford
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,623
Based on a loan of £337,500 over 30 years at 4.06% 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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