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Edward Drive, Chelmsford

East of England

£400,000
Listed on 17/04/2026

Property Details

Bedrooms
3
Type
House
Area
1181 sqft

Description

Situated in the sought-after locale of Edward Drive, Chelmsford, this three-bedroom semi-detached home presents a valuable opportunity for those eager to renovate and personalize their living space. With a generous area of 1,181 square feet, this property includes a large lounge ideal for both relaxation and entertaining visitors. The layout features two decently sized bedrooms, while the third bedroom serves as an access point to the loft room—a versatile space that could be used as an office or playroom, catering to various needs. The modern bathroom comes with essential amenities for everyday convenience; however, the property does require some updates throughout, allowing new owners to infuse their individual style and preferences into the renovation process. Outside, enjoy the benefits of a driveway and garage that offer ample parking and storage—highly desirable features in today’s fast-paced lifestyle. Located within a welcoming community near local schools, parks, and amenities, this property is perfectly positioned for families or professionals looking to make their mark in Chelmsford. Explore the potential this home holds and start envisioning your dream renovation project.

Investment Analysis

(CM2 area)

Below Market Value

This property is priced -20.5% below area average per sq ft

-20.5%
Potential saving
This Property
£339/sq ft
Area Average
£426/sq ft
Avg Rent (weekly)
£315
Avg Yield
4.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£553,547
10% above area average per sq ft
Potential ROI
+25.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
63
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (CM2)

Area prices are rising by +2.1% over the last 12 months
3 year growth: +3.6%
5 year growth: +4.1%
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

Edward Drive, Chelmsford
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£1,417
Based on a loan of £300,000 over 30 years at 3.91% 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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Next Steps

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