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Stansted Close, Chelmsford, CM1

East of England

£300,000
Listed on 26/02/2026

Property Details

Bedrooms
3
Type
Terraced house
Area
861 sqft

Description

Situated on a serene and well-established residential road, this three-bedroom home presents an appealing renovation project for those interested in unlocking its full potential. The property is in need of modernization throughout, making it an ideal blank slate for buyers eager to customize their family dwelling or enhance value through thoughtful renovations. Entering the property, you are greeted by a spacious entrance hallway that flows into a bright sitting and dining area—perfect for both leisurely moments and entertaining guests. At the rear, the kitchen boasts direct access to a substantial garden, which invites ideas for seamless indoor-outdoor living. The existing layout also offers exciting possibilities for reconfiguration or extension, pending planning permission, allowing homeowners to adapt the space according to their preferences. On the upper level, you will find three generously sized bedrooms: two inviting double rooms alongside a smaller single bedroom that can serve as a child's bedroom, nursery, or home office. A family bathroom completes this floor's offering. The exterior of the property is particularly impressive, featuring a large rear garden that stands out at this price range. This expansive outdoor space can be transformed into landscaped gardens or entertainment areas, with additional opportunities for future expansion (subject to necessary planning approvals). Furthermore, the front yard provides extra outdoor space that may be converted into parking where suitable. Presented at a competitive price reflecting the updates needed, this residence offers an excellent opportunity for investors and potential homeowners alike. Its quiet locale paired with an impressive garden size and numerous prospects for enhancement warrant prompt viewing to fully grasp the possibilities ahead.

Investment Analysis

(CM1 area)

Below Market Value

This property is priced -16.4% below area average per sq ft

-16.4%
Potential saving
This Property
£348/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
£394,893
10% above area average per sq ft
Potential ROI
+16.1%
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

Stansted Close, 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
£1,082
Based on a loan of £225,000 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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