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Forest Drive, Chelmsford

East of England

£275,000
Listed on 14/01/2026

Property Details

Bedrooms
2
Type
Semi-detached house
Area
735 sqft

Description

This two-bedroom end of terrace home presents a valuable opportunity for buyers looking to tailor a property to their personal style. The interior is in need of attention and modernisation, which opens the door for creative renovations and improvements, making it an attractive prospect for both homeowners and investors alike. Located on Forest Drive, this property is conveniently positioned with easy access to local amenities such as shops, schools, and transport links. The proximity to Chelmsford city centre enhances its appeal, offering a variety of dining, shopping, and leisure options, alongside quick rail connections to London Liverpool Street. Good road access via the A12 and A130 further benefits commuters in the area.

Investment Analysis

(CM1 area)

Below Market Value

This property is priced -10.9% below area average per sq ft

-10.9%
Potential saving
This Property
£374/sq ft
Area Average
£420/sq ft
Avg Rent (weekly)
£326
Avg Yield
4.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£339,530
10% above area average per sq ft
Potential ROI
+13.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
63
Average per month
Market Turnover
27%
Properties sold annually

Local Market Trend (CM1)

Area prices are rising by +8.0% over the last 12 months
3 year growth: 1.6%
5 year growth: 8.0%
Investment Disclaimer: Analysis based on CM1 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

Forest 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
£1,007
Based on a loan of £206,250 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