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Lower Anchor Street, Chelmsford, Essex, CM2 - Image 1
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Lower Anchor Street, Chelmsford, Essex, CM2

East of England

£300,000
Listed on 23/03/2026

Property Details

Bedrooms
3
Type
Terraced
Area
992 sqft

Description

This spacious three-bedroom family residence is perfectly situated just a short distance from Chelmsford's bustling city centre and mainline train station, presenting an appealing project for first-time buyers or investors. While the home requires some cosmetic updates, it boasts ample living space, a practical layout, and convenient parking facilities including a garage and driveway. Upon entering, you'll find an entrance hallway that leads to a well-lit front lounge, characterized by a large window that invites natural light. This then connects to a versatile rear dining room or playroom, perfect for various living arrangements. At the back of the property, the kitchen provides access to the private rear garden and offers opportunities for modernisation or reconfiguration to meet personal tastes. The first floor features three generously sized bedrooms along with a family bathroom and an additional WC—an important amenity for busy households. The existing layout is conducive to future improvements or customisation. Externally, the property benefits from a sizable front garden, which many neighbours have successfully converted into extra off-street parking (subject to necessary consents). The private rear garden complements the garage and driveway, offering both secure parking solutions and additional storage options. Location is another significant advantage; with Chelmsford City Centre approximately half a mile away, residents can enjoy a variety of shops, dining options, entertainment venues, and essential amenities. The nearby Chelmsford Train Station (about 0.6 miles) provides quick links to London Liverpool Street—making it ideal for commuters. Additionally, local bus routes, schools, parks, and convenience stores are easily reachable, enhancing the practicality of this well-connected area. This property represents an excellent opportunity to transform it into a home tailored to individual preferences in a highly desirable central location.

Investment Analysis

(CM2 area)

Below Market Value

This property is priced -29.2% below area average per sq ft

-29.2%
Potential saving
This Property
£302/sq ft
Area Average
£427/sq ft
Avg Rent (weekly)
£306
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£466,324
10% above area average per sq ft
Potential ROI
+43.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
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

Lower Anchor Street, Chelmsford, Essex, 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
£1,082
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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