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Chignal Road, Chelmsford

East of England

£400,000
Listed on 15/05/2026

Property Details

Bedrooms
3
Type
Bungalow
Area
718 sqft

Description

This semi-detached bungalow on Chignal Road offers a substantial opportunity for those looking to invest in a renovation project in the desirable area of Chelmsford. Currently requiring complete refurbishment, this property has the potential to be transformed into a comfortable family residence tailored to your specifications. With no onward chain, it allows for a straightforward purchase process. Situated on a spacious plot, the bungalow boasts an impressive rear garden exceeding 100 feet, backing onto picturesque open farmland which enhances its sense of privacy and tranquility. The property is ripe for extension possibilities—subject to planning permission—allowing for expansion into the loft or extending at the rear and side. The exterior features a driveway for off-road parking as well as a garage, catering to practical needs. Its location is highly convenient, being only half a mile from local amenities including Morrisons superstore and within the catchment area for Newland Spring Primary School. Additionally, easy access to Chelmsford city centre ensures that shopping, dining, leisure options, and mainline train links to London Liverpool Street are all within reach. This bungalow presents an attractive canvas for developers or families eager to unlock value through renovation and customization.

Investment Analysis

(CM1 area)

Above Market Value

This property is priced +34.3% above area average per sq ft

+34.3%
This Property
£557/sq ft
Area Average
£415/sq ft
Avg Rent (weekly)
£350
Avg Yield
4.4%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£327,728
10% above area average per sq ft
Potential ROI
-33.1%
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

Chignal Road, 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
£1,427
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.

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