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Derwent Way, Chelmsford, Essex, CM1 - Image 1
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Derwent Way, Chelmsford, Essex, CM1

East of England

£325,000
Listed on 20/03/2026

Property Details

Bedrooms
2
Type
Terraced
Area
871 sqft

Description

This two-bedroom terraced house in Chelmsford presents a promising renovation opportunity. The property includes a spacious lounge, a dedicated study or dining area, two comfortable bedrooms, and a family bathroom. At the rear, a sizable south-facing garden extends approximately 60 feet, perfect for outdoor projects or landscaping enhancements. On-street parking is available at both the front and rear of the property, and it is conveniently located within walking distance of local schools, shops, and amenities, with easy access to Chelmsford city centre. The home requires some modernisation efforts such as updating the existing back boiler system and electrical installations. This makes it an ideal prospect for investors or homeowners looking to increase value through improvements.

Investment Analysis

(CM1 area)

Below Market Value

This property is priced -10.8% below area average per sq ft

-10.8%
Potential saving
This Property
£373/sq ft
Area Average
£418/sq ft
Avg Rent (weekly)
£329
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£12,000 - £25,000
Target Value
£400,869
10% above area average per sq ft
Potential ROI
+14.5%
After renovation
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

Derwent Way, Chelmsford, Essex, 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
£1,172
Based on a loan of £243,750 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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