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Bankart Lane, Chelmsford

East of England

£300,000

Listed on 18/05/2026

Property Details

Bedrooms
2
Type
Terraced

Description

Nestled in the desirable Chelmer Village area of Chelmsford, this two-bedroom mid-terrace home presents an excellent opportunity for both first-time buyers and investors alike. With no onward chain, you can start making your mark on this property right away. The spacious interior features a bright lounge that serves as an inviting space for relaxation and socializing. The kitchen/dining room to the rear offers ample room for family meals or entertaining, making it a functional heart of the home. The upper floor accommodates two generously sized bedrooms filled with natural light, adaptable for various uses such as a home office or stylish dressing area. Notably, the principal bedroom includes fitted wardrobes, enhancing storage options and contributing to a clutter-free environment. Recent updates include a boiler approximately six years old and valid safety certifications, providing reassurance regarding essential systems. The outdoor space showcases significant potential; the expansive rear garden allows for creative personalisation, whether envisioning additional parking or outbuildings such as a garage or garden office (subject to local permissions). Furthermore, with two allocated parking spaces included, practicality is prioritized. Chelmer Village is highly regarded for its family-friendly environment and accessibility to local amenities including schools rated 'Good' by Ofsted and various parks suitable for recreational activities. Commuting is made easy with close proximity to major roads like the A12 and local train stations offering swift access into London. This property is not only ready to move into but also ripe for enhancement — perfect for those looking to add value through renovation.

Investment Analysis

(CM2 area)
Area Average
£423/sq ft
Avg Rent (weekly)
£317
Avg Yield
4.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
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

Bankart Lane, 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
£1,070
Based on a loan of £225,000 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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