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Penzance Close, Old Springfield, Chelmsford - Image 1
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Penzance Close, Old Springfield, Chelmsford

East of England

£400,000

Listed on 22/05/2026

Property Details

Bedrooms
3
Type
Semi Detached

Description

This semi-detached family residence offers a solid foundation with the potential for personalized enhancements. Situated in a desirable cul-de-sac within Old Springfield, the property features a spacious lounge diner measuring 24ft, complemented by a separate conservatory that opens onto a generous 50ft rear garden—ideal for expansion opportunities (subject to planning permission). The home comprises three well-proportioned bedrooms and includes an entrance hall, a re-fitted kitchen, and a bathroom with a separate WC. Additionally, it boasts driveway parking and a detached garage. While the house is well-maintained, it presents an excellent opportunity for buyers looking to imprint their own style and upgrade specific elements before moving in. Conveniently located within walking distance of local schools and shops, it also provides easy access to the city centre and mainline stations.

Investment Analysis

(CM1 area)
Area Average
£415/sq ft
Avg Rent (weekly)
£350
Avg Yield
4.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
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

Penzance Close, Old 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
£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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