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Chelmer Road, Witham, Essex, CM8

East of England

£320,000
Listed on 21/04/2026

Property Details

Bedrooms
2
Type
Bungalow

Description

This two-bedroom semi-detached bungalow, located within the sought-after Moat Farm development, presents a solid investment opportunity for those looking to enhance a property with modernization in mind. Currently offered without a chain, the home requires varying degrees of updating throughout to truly unlock its potential. Upon entry, you are greeted by an entrance hall that leads into all principal rooms. The lounge situated at the front offers natural light through its window, while both bedrooms also feature windows that provide pleasant outlooks—one facing the front and the other overlooking the rear garden. The shower room includes essential fixtures such as a walk-in shower, W.C., and wash hand basin, though could benefit from contemporary updates. The kitchen is functional yet ripe for renovation, featuring a range of wall and base units along with space allocated for modern appliances. An adjoining inner lobby grants access to a conservatory which allows for additional living space or potential transformation into a multifunctional area overlooking the garden. Externally, the rear garden features an initial paved patio transitioning into lawned areas and includes a wooden shed and greenhouse towards the end. With ample off-road parking provided by a block-paved driveway leading to an attached garage, this property offers considerable practical benefits alongside renovation prospects. Set in Witham, you’ll find various amenities including supermarkets and schools nearby, not to mention convenient transport links via train and road which make this location highly desirable.

Investment Analysis

(CM8 area)
Area Average
£378/sq ft
Avg Rent (weekly)
£292
Avg Yield
4.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
43
Average per month
Market Turnover
15%
Properties sold annually

Local Market Trend (CM8)

Area prices are falling by -7.1% over the last 12 months
3 year growth: -5.4%
5 year growth: +9.2%
Investment Disclaimer: Analysis based on CM8 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

Chelmer Road, Witham, Essex, CM8
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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
£1,133
Based on a loan of £240,000 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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