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Prykes Drive, Chelmsford

East of England

£450,000
Listed on 16/02/2026

Property Details

Bedrooms
3
Type
Semi-detached house
Area
1058 sqft

Description

This semi-detached house from the 1930s presents a promising chance for investors and first-time buyers eager to embark on a renovation journey. While the property currently requires modernisation, it holds substantial potential for transformation into a desirable family residence, much like similar homes on the street. The layout includes a welcoming lounge featuring a bay window and an extended dining area complete with a study nook. On the upper floor, there are two bathrooms that could be converted back into a third bedroom, optimizing functionality. Numerous properties in the vicinity have successfully extended their living spaces or converted lofts, offering further enhancement opportunities pending planning approval. The property is sold with no onward chain, facilitating a swift transition for those ready to take on an exciting project. Located within a quiet cul-de-sac, this home is conveniently situated just 0.4 miles from Chelmsford's railway station, providing easy access to London. The bustling High Street is nearby, boasting various shopping options at High Chelmer, The Meadows, and Bond Street. Nature enthusiasts will appreciate the tranquil River Chelmer, which offers scenic walking and cycling routes towards Writtle Village and beyond. Chelmsford also features reputable schools and a diverse array of restaurants and bars to cater to all residents' tastes.

Investment Analysis

(CM1 area)

Above Market Value

This property is priced +2.0% above area average per sq ft

+2.0%
This Property
£425/sq ft
Area Average
£417/sq ft
Avg Rent (weekly)
£334
Avg Yield
4.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£485,246
10% above area average per sq ft
Potential ROI
-3.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
66
Average per month
Market Turnover
34%
Properties sold annually

Local Market Trend (CM1)

Area prices are rising by +8.6% over the last 12 months
3 year growth: +0.5%
5 year growth: +8.7%
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

Prykes 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
£1,623
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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