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Wallace Crescent, Chelmsford

East of England

£250,000
Listed on 09/12/2025

Property Details

Bedrooms
2
Type
Semi-detached house
Area
548 sqft

Description

This semi-detached bungalow, situated in the central area of Chelmsford, presents a significant opportunity for renovation and investment. The property features a through lounge/diner that offers a flexible layout, two generously sized double bedrooms, and a functional bathroom conveniently positioned off the kitchen. A spacious garden enhances the outdoor space, with potential to create off-road parking at the front, following standard planning protocols. This freehold home is ideally positioned for buyers looking to capitalize on its extension and remodeling possibilities. Located on a tranquil street predominantly comprising bungalows, it is within easy reach of Chelmsford's vibrant High Street and local amenities, including a Tesco Superstore. Excellent transport links also provide quick access to London, with the railway station just a short distance away. This property could be transformed into an attractive home in a desirable location.

Investment Analysis

(CM2 area)

Above Market Value

This property is priced +7.6% above area average per sq ft

+7.6%
This Property
£456/sq ft
Area Average
£424/sq ft
Avg Rent (weekly)
£309
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£255,587
10% above area average per sq ft
Potential ROI
-11.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
65
Average per month
Market Turnover
17%
Properties sold annually

Local Market Trend (CM2)

Area prices are rising by +3.0% over the last 12 months
3 year growth: 1.6%
5 year growth: 7.3%
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 4.19%

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