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Butts Way, Chelmsford, CM2

East of England

£500,000
Listed on 06/03/2026

Property Details

Bedrooms
3
Type
Detached house
Area
1087 sqft

Description

This three-bedroom detached bungalow presents a unique opportunity for potential buyers looking to invest in a property with room for improvement and expansion. Situated in a desirable semi-rural area, the bungalow occupies a generous plot, allowing for the possibility of extending either at the rear or into the loft, subject to obtaining the necessary planning permissions. Upon entering, you're greeted by a spacious hallway that leads to all main living areas. The master bedroom is notably spacious and features an en-suite shower room for added convenience. Two additional double bedrooms offer ample space for family or guests, complemented by a well-appointed four-piece family bathroom. The light-filled lounge at the rear of the property provides pleasant views of the garden and opens up to a conservatory – an ideal spot for leisure or social gatherings with direct garden access. The kitchen is equipped with a comprehensive range of units and modern appliances, including an integrated dishwasher and induction hob, though it may benefit from an update to enhance its functionality. A separate utility room adds practicality with extra storage and plumbing solutions, allowing direct access to both side and rear entrances. Outside, the paved patio offers opportunities for outdoor dining while leading down to a lawned area featuring a decked seating space with pergola, along with useful storage options like a greenhouse and timber shed. The front of the property provides ample off-street parking via a spacious carriage driveway accommodating multiple vehicles. With its comfortable layout and substantial renovation potential, this bungalow appeals to those seeking peaceful semi-rural living while envisioning future enhancements.

Investment Analysis

(CM2 area)

Above Market Value

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

+7.6%
This Property
£460/sq ft
Area Average
£427/sq ft
Avg Rent (weekly)
£306
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£510,982
10% above area average per sq ft
Potential ROI
-7.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
60
Average per month
Market Turnover
15%
Properties sold annually

Local Market Trend (CM2)

Area prices are rising by +3.3% over the last 12 months
3 year growth: +4.2%
5 year growth: +6.0%
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

Butts Way, Chelmsford, CM2
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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
£1,803
Based on a loan of £375,000 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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