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Wood Street, Chelmsford, CM2 8BN

East of England

£550,000
Listed on 21/03/2026

Property Details

Bedrooms
3
Type
Semi Detached
Area
1512 sqft

Description

This semi-detached three-bedroom home presents a unique opportunity for renovation and investment in a sought-after area, ideal for families. The property features a flexible ground floor layout with a bright through lounge that benefits from natural light, perfect for updating into a modern living space. The separate kitchen offers practicality along with an adjoining utility area and downstairs shower room, which could be reconfigured for improved functionality. On the upper level, there are three spacious double bedrooms, including a master suite with an en suite shower room and walk-in wardrobe. The family bathroom services the other two bedrooms and could benefit from modern upgrades. Externally, the front of the property provides off-road parking for two vehicles equipped with an EV charger. The private rear garden is not overlooked and incorporates both a lawn and patio area suitable for outdoor entertaining or relaxation. There’s also a detached outbuilding offering additional potential as a home office or gym. Importantly, this property holds significant scope for enhancement through rear and loft extensions (subject to planning permission), allowing future owners to increase living space as per their requirements. Located within excellent school catchments, close to green spaces like Hylands Estate and Oaklands Park, and just moments from Chelmsford's vibrant amenities, this home is perfectly positioned for both lifestyle and convenience.

Investment Analysis

(CM2 area)

Below Market Value

This property is priced -14.9% below area average per sq ft

-14.9%
Potential saving
This Property
£364/sq ft
Area Average
£427/sq ft
Avg Rent (weekly)
£306
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£710,769
10% above area average per sq ft
Potential ROI
+20.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
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

Wood Street, Chelmsford, CM2 8BN
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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
£1,984
Based on a loan of £412,500 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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