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The Drive, Chelmsford, Essex, CM1

East of England

£400,000
Listed on 16/03/2026

Property Details

Bedrooms
2
Type
Bungalow

Description

Nestled on a sought-after plot off Broomfield Road, this detached two-bedroom bungalow presents a promising opportunity for those looking to invest in a property with significant potential for expansion and enhancement, pending planning approval. The home's positioning allows for a tranquil setting, complemented by a long private driveway that offers ample off-street parking as well as a detached garage situated within the rear garden. Upon entering through the side porch, you are welcomed into the main hallway leading to two well-proportioned bedrooms, a cozy sitting room, an open kitchen/dining area, and the family bathroom. The sitting room features a charming brick fireplace and parquet flooring, bathed in natural light from its dual aspect bay window. The first bedroom boasts mirrored wardrobes and front-facing windows while the second bedroom provides access to an expansive loft space that could potentially be converted into additional living quarters. At the heart of the home lies the kitchen/dining room equipped with an array of wall and base units along with built-in appliances. An archway connects to a spacious reception area which opens onto a sizeable conservatory overlooking the lush garden. The bathroom is fitted with modern amenities including a low-level WC and panelled bath. Outside, discover an expansive garden complete with lawned areas and mature planting, securely bordered by established hedges and fencing. This property’s location is ideal for those seeking convenience; Chelmsford offers diverse shopping options alongside numerous cafes and restaurants. Commuters will appreciate the proximity to Chelmsford’s mainline station providing regular services to London Liverpool Street in about 35 minutes. The vicinity also boasts access to both primary and secondary education institutions, including notable grammar schools.

Investment Analysis

(CM1 area)
Area Average
£418/sq ft
Avg Rent (weekly)
£329
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £55,000
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
35%
Properties sold annually

Local Market Trend (CM1)

Area prices are rising by +7.6% over the last 12 months
3 year growth: -0.1%
5 year growth: +7.9%
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

The Drive, Chelmsford, Essex, CM1
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Mortgage Calculator

£
£
£
%
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,443
Based on a loan of £300,000 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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