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Forest Drive, Chelmsford, CM1

East of England

£350,000
Listed on 24/02/2026

Property Details

Bedrooms
2
Type
Semi-detached house
Area
689 sqft

Description

This two-bedroom property presents a unique investment opportunity with considerable renovation and expansion potential. It comes with the advantage of approved full planning permission for a double-storey side extension, complete with architectural plans already in place. This provides a significant head start for prospective buyers looking to enhance the property's value and functionality. Inside, the home features a generously sized lounge and a kitchen with dining space that is ready for modernisation. The two bedrooms are adequately proportioned, while the family bathroom offers a solid foundation for upgrades. While there is some need for updating throughout, the structure remains sound, allowing new owners to personalize it into an ideal family residence. The external space includes an expansive rear garden that boasts a private sauna—an uncommon feature that adds an element of luxury and relaxation. With its secluded setting, the garden also holds future landscaping possibilities. The already approved plans for a double-level extension open the door to substantially increase living space; this could mean additional bedrooms or reimagined communal areas like a spacious kitchen/dining combo, perfect for contemporary living. This property is particularly attractive to investors or homeowners eager for a project where groundwork has been laid and planning is secured. Viewing is encouraged to appreciate the extensive possibilities this home offers.

Investment Analysis

(CM1 area)

Above Market Value

This property is priced +21.8% above area average per sq ft

+21.8%
This Property
£508/sq ft
Area Average
£417/sq ft
Avg Rent (weekly)
£334
Avg Yield
4.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£316,006
10% above area average per sq ft
Potential ROI
-19.0%
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

Forest Drive, Chelmsford, CM1
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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
£1,262
Based on a loan of £262,500 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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