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Bruce Grove, Chelmsford

East of England

£320,000
Listed on 05/05/2026

Property Details

Bedrooms
3
Type
Detached Bungalow
Area
635 sqft

Description

This detached bungalow presents a significant opportunity for renovation, situated at the end of a peaceful cul-de-sac. Currently in need of complete refurbishment, it features two bedrooms, a sitting room, a dining room, and essential amenities such as a kitchen and bathroom that require modernisation. The property boasts potential for expansion through a rear extension and loft conversion, which could add valuable space and enhance living conditions. The long rear garden offers privacy and space for landscaping or outdoor relaxation, while parking provisions are available with options to create additional spaces if needed. With no onward chain, this property is ideally located just minutes from the city centre's shops and transport links to London Liverpool Street. The investment potential here is clear for those looking to realise its full capabilities.

Investment Analysis

(CM2 area)

Above Market Value

This property is priced +19.1% above area average per sq ft

+19.1%
This Property
£504/sq ft
Area Average
£423/sq ft
Avg Rent (weekly)
£317
Avg Yield
4.2%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£295,640
10% above area average per sq ft
Potential ROI
-27.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
67
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (CM2)

Area prices are rising by +3.2% over the last 12 months
3 year growth: +4.5%
5 year growth: +4.8%
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

Bruce Grove, Chelmsford
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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
£1,142
Based on a loan of £240,000 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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