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83 Bishop Road, Chelmsford, Essex, CM1 1PY

East of England

£190,000

Listed on 23/05/2026

Property Details

Bedrooms
3
Type
End Of Terrace
Area
861 sqft

Description

This property presents an excellent opportunity for investors and buyers looking to create value through renovation. The three-bedroom end of terrace house is positioned conveniently with easy access to Chelmsford City Centre and the rail station, making it a prime candidate for updating. The ground floor features an entrance hall, two reception rooms, and a kitchen that could be reimagined to enhance the living space. Upstairs, you'll find three bedrooms and a bathroom/WC, all of which require modernization. The rear garden offers potential for outdoor improvements or extensions. Given its location and potential, this property is ripe for transformation.

Investment Analysis

(CM1 area)

Below Market Value

This property is priced -46.8% below area average per sq ft

-46.8%
Potential saving
This Property
£221/sq ft
Area Average
£415/sq ft
Avg Rent (weekly)
£350
Avg Yield
4.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£392,999
10% above area average per sq ft
Potential ROI
+74.7%
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

83 Bishop Road, Chelmsford, Essex, CM1 1PY
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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
£678
Based on a loan of £142,500 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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