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Heath Drive, Chelmsford

East of England

£550,000
Listed on 29/01/2026

Property Details

Bedrooms
5
Type
Semi-detached house
Area
1184 sqft

Description

Nestled in the desirable Moulsham Lodge area, this semi-detached family home provides a substantial blank canvas for potential buyers. With approximately 1,411 sq ft of living space across two floors, the property is devoid of any onward chain, making it an appealing option for those eager to invest in a home with significant renovation possibilities. The entrance opens into a central hallway leading to an expansive lounge/diner, which serves as a versatile space perfect for family time and entertaining guests. This well-lit room boasts ample size for separate seating and dining arrangements while overlooking the garden. The kitchen offers practical functionality with sufficient worktop and cupboard space, flowing into a utility room and ground floor WC – ideal for busy households. This layout presents numerous opportunities for modernisation or reconfiguration into a more open-plan design, pending necessary approvals. Additionally, an integral garage can be repurposed for varied uses such as storage or even a conversion project. Off-street parking is also available at the front of the house. Moving to the first floor, you will find five generously sized bedrooms that cater well to larger families or those needing additional office space at home. The main bedrooms offer plentiful accommodation while secondary rooms are versatile enough to be used as children’s quarters or guest spaces. Completing this level is a family bathroom that could also benefit from updates. The exterior features an expansive rear garden that promises privacy along with abundant opportunities for landscaping or expansion projects, subject to planning permission. Situated conveniently within Moulsham Lodge, residents enjoy proximity to local schools, parks, shops and essential amenities. Chelmsford city center and its mainline station—offering direct access to London Liverpool Street—are easily reachable. This property not only combines ample living space and location but also holds remarkable renovation potential suitable for families and investors alike.

Investment Analysis

(CM2 area)

Above Market Value

This property is priced +8.8% above area average per sq ft

+8.8%
This Property
£465/sq ft
Area Average
£427/sq ft
Avg Rent (weekly)
£293
Avg Yield
3.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£556,255
10% above area average per sq ft
Potential ROI
-7.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
70
Average per month
Market Turnover
43%
Properties sold annually

Local Market Trend (CM2)

Area prices are rising by +3.3% over the last 12 months
3 year growth: +3.2%
5 year growth: +6.7%
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

Heath Drive, 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
£1,984
Based on a loan of £412,500 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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