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Heath Drive, Chelmsford

East of England

£550,000
Listed on 10/01/2026

Property Details

Bedrooms
5
Type
Semi-detached house
Area
1411 sqft

Description

Located in the desirable Moulsham Lodge area, this semi-detached family home presents a rare opportunity for those looking to invest in a property with considerable renovation potential. Offering a spacious layout of approximately 1,411 sq ft over two levels, the home is currently configured to accommodate larger families or provide flexible living spaces for remote work. The entrance welcomes you into a central hallway with useful storage and access to a generous lounge/diner that invites plenty of natural light, ideal for both family gatherings and entertaining guests. The existing kitchen provides practical functionality but also offers ample opportunity for reconfiguration into a more modern open-plan design, particularly with access to the utility room and ground floor WC. With five well-sized bedrooms on the first floor, this property can easily adapt to various needs—be it additional children's rooms or dedicated office spaces. A family bathroom completes this level, while an integral garage stands ready for conversion or additional storage solutions. Outside, the expansive rear garden boasts significant potential for creating outdoor living areas or enhancing landscaping, subject to planning approvals. Meanwhile, off-street parking adds convenience. Positioned conveniently within Moulsham Lodge, residents will appreciate access to local amenities including schools, parks, shops, and easy transport links to Chelmsford city centre and London. This property combines space and location with fantastic investment potential for future enhancements.

Investment Analysis

(CM2 area)

Below Market Value

This property is priced -8.0% below area average per sq ft

-8.0%
Potential saving
This Property
£390/sq ft
Area Average
£424/sq ft
Avg Rent (weekly)
£301
Avg Yield
4.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £45,000
Target Value
£657,470
10% above area average per sq ft
Potential ROI
+10.5%
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 (CM2)

Area prices are rising by +3.1% over the last 12 months
3 year growth: 2.9%
5 year growth: 6.3%
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

Heath Drive, Chelmsford
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£2,015
Based on a loan of £412,500 over 30 years at 4.19% 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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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE