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Wallace Crescent, Chelmsford, CM2

East of England

£475,000
Listed on 26/03/2026

Property Details

Bedrooms
3
Type
Bungalow
Area
1334 sqft

Description

Nestled on a substantial corner plot in a desirable Chelmsford neighborhood, this three-bedroom detached chalet bungalow presents an excellent opportunity for renovation enthusiasts and investors. The property boasts adaptable living spaces across its well-sized layout, featuring two roomy reception areas perfect for both intimate gatherings and entertaining guests. A spacious kitchen awaits modern upgrades, providing the chance for new owners to implement their personal touch. The home benefits from a recently fitted boiler, enhancing energy efficiency and comfort. The ground floor includes two double bedrooms along with a family bathroom, making it suitable for various living arrangements. Notably, the loft has been converted into a bright principal bedroom suite with an en-suite shower room, offering added privacy and comfort. Outside, the generous rear garden invites possibilities for outdoor improvements or extensions (subject to planning permission), while the front drive ensures convenient off-street parking. This property is conveniently placed near Chelmsford city center, quality schools, local shops, and transport links, making it appealing to families and professionals alike. With its ample living space and exciting potential for further enhancement and personalization, this property represents a significant investment opportunity in a prime location.

Investment Analysis

(CM2 area)

Below Market Value

This property is priced -16.7% below area average per sq ft

-16.7%
Potential saving
This Property
£356/sq ft
Area Average
£427/sq ft
Avg Rent (weekly)
£306
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£35,000 - £60,000
Target Value
£627,093
10% above area average per sq ft
Potential ROI
+17.2%
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

Wallace Crescent, 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
£1,713
Based on a loan of £356,250 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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