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Azalea Court, Springfield, Chelmsford

East of England

£140,000
Listed on 09/05/2026

Property Details

Bedrooms
2
Type
Flat
Area
534 sqft

Description

This two-bedroom top-floor flat represents a compelling investment opportunity nestled in a well-established area. Ideal for cash buyers, the property is sold with no onward chain, allowing for swift transaction processing. Upon entering, you'll find an entrance hall that leads to a generously sized lounge. Adjacent to the lounge is a kitchen that requires complete refurbishment, presenting the chance to customize it to your specifications. The flat includes two bedrooms and a bathroom WC, all of which offer further potential for improvement. The property benefits from double glazing throughout and is set within communal gardens, though parking is communal rather than allocated. Given the remaining lease term of 49 years, this property is priced attractively below market value, making it an ideal target for those looking to enhance their investment portfolio. Conveniently located about two miles from Chelmsford station, this flat offers excellent public transport access for commuters and easy road links via the nearby A12. Chelmsford itself boasts a rich array of amenities including shops, dining options, and recreational spaces like Central Park and Hylands Park, ensuring that residents can enjoy both vibrant city life and peaceful outdoor retreats.

Investment Analysis

(CM1 area)

Below Market Value

This property is priced -36.8% below area average per sq ft

-36.8%
Potential saving
This Property
£262/sq ft
Area Average
£415/sq ft
Avg Rent (weekly)
£350
Avg Yield
4.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£10,000 - £20,000
Target Value
£243,742
10% above area average per sq ft
Potential ROI
+52.3%
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

Azalea Court, Springfield, 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
£499
Based on a loan of £105,000 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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