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Wood Street, Chelmsford, CM2 8BN

East of England

£550,000

Listed on 08/06/2026

Property Details

Bedrooms
3
Type
Semi Detached
Area
1512 sqft

Description

This semi-detached three-bedroom home offers a spacious layout that can be tailored to suit modern family living. The property is positioned in a sought-after area with proximity to reputable schools and local amenities. The ground floor features a bright, open-plan lounge that benefits from large windows, providing an airy atmosphere for both relaxation and dining. Adjacent to the lounge is a well-placed kitchen with a practical utility area, enhancing storage and functionality, along with a convenient downstairs shower room. The first floor includes three sizable double bedrooms, highlighted by a master suite that comes complete with an en suite shower room and walk-in wardrobe space. A nicely fitted family bathroom caters to the other two bedrooms. On the exterior, there is off-road parking for two vehicles equipped with an EV charging point at the front of the property. The rear garden is particularly noteworthy; it offers exceptional privacy due to being unoverlooked, featuring a generous lawn and patio ideal for outdoor leisure or entertaining guests. Additionally, a detached outbuilding provides versatile space suitable for various uses such as a home office or gym. There is also significant scope for extending the property either at the rear or into the loft (subject to planning permission), which presents an opportunity for future enhancement. Located within excellent school catchment areas and close to green spaces like Hylands Estate and Oaklands Park, this home also boasts easy access to Chelmsford Railway Station, perfect for commuting into London. Overall, this property not only serves as an inviting family home but also represents considerable renovation potential for any prospective owner looking to increase its value.

Investment Analysis

(CM2 area)

Below Market Value

This property is priced -13.5% below area average per sq ft

-13.5%
Potential saving
This Property
£364/sq ft
Area Average
£421/sq ft
Avg Rent (weekly)
£318
Avg Yield
4.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£699,542
10% above area average per sq ft
Potential ROI
+16.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
58
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (CM2)

Area prices are rising by +3.8% over the last 12 months
3 year growth: +5.3%
5 year growth: +6.2%
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 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£2,078
Based on a loan of £412,500 over 30 years at 4.45% 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.

Stamp Duty Calculator

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