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Thames Avenue, Chelmsford, CM1

East of England

£400,000
Listed on 30/04/2026

Property Details

Bedrooms
3
Type
Semi Detached
Area
1049 sqft

Description

This three-bedroom property presents a unique opportunity for those looking to invest in a home with considerable scope for renovation. The spacious layout offers generous room dimensions and is flooded with natural light, creating a bright environment ready for your personal touch. While the property requires some updating, it stands as a solid base from which to craft a modern family residence tailored to individual preferences. The ground floor features two adaptable reception rooms that can serve various purposes, along with a functional kitchen that benefits from an adjacent utility room and convenient cloakroom. Upstairs, you'll find three comfortable bedrooms complemented by a family bathroom, providing the ideal framework for families or first-time buyers wanting space to grow. A significant highlight of this home is the large rear garden, offering substantial outdoor potential—perfect for creative landscaping, hosting gatherings, or even considering extensions (subject to planning permissions). This outdoor space affords both size and privacy, appealing to families and gardening enthusiasts alike. Overall, this property represents an exciting chance to acquire a well-configured home with strong investment potential in a desirable area. With strategic improvements, it could be transformed into an exceptional living space that reflects personal style and maximizes value.

Investment Analysis

(CM1 area)

Below Market Value

This property is priced -8.1% below area average per sq ft

-8.1%
Potential saving
This Property
£381/sq ft
Area Average
£415/sq ft
Avg Rent (weekly)
£350
Avg Yield
4.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £45,000
Target Value
£478,811
10% above area average per sq ft
Potential ROI
+7.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
73
Average per month
Market Turnover
16%
Properties sold annually

Local Market Trend (CM1)

Area prices are stable by +1.8% over the last 12 months
3 year growth: -1.6%
5 year growth: +4.8%
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

Thames Avenue, Chelmsford, CM1
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£1,427
Based on a loan of £300,000 over 30 years at 3.97% 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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