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Wallace Crescent, Chelmsford, CM2

East of England

£450,000

Listed on 28/05/2026

Property Details

Bedrooms
3
Type
Bungalow
Area
1334 sqft

Description

Nestled on a generous corner plot within a desirable area of Chelmsford, this three-bedroom detached chalet bungalow offers considerable potential for renovation and investment. The property features flexible living spaces, including two spacious reception areas perfect for both leisure and entertaining. While the kitchen is ample in size, it presents an excellent opportunity for modernization to align with personal aesthetic preferences. A recently installed boiler enhances the home's comfort and energy efficiency. The ground floor accommodates two double bedrooms and a family bathroom, catering to various living arrangements. Notably, an impressive loft conversion has transformed the upper level into a stylish principal bedroom suite, complete with a contemporary en-suite shower room that floods with natural light—ideal for creating a private sanctuary. Externally, the property boasts a substantial rear garden that invites possibilities for outdoor living or expansion (subject to planning consent). The front driveway ensures convenient off-road parking, adding to the property's practicality. With its proximity to Chelmsford city centre, reputable schools, local amenities, and excellent transport links, this bungalow is well-suited for families and professionals alike. This home combines ample living space and a modern top-floor suite with fantastic opportunities for enhancement and personalization, making it an excellent investment in a sought-after location.

Investment Analysis

(CM2 area)

Below Market Value

This property is priced -20.3% below area average per sq ft

-20.3%
Potential saving
This Property
£337/sq ft
Area Average
£423/sq ft
Avg Rent (weekly)
£317
Avg Yield
4.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£621,077
10% above area average per sq ft
Potential ROI
+26.8%
After renovation
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

Wallace Crescent, Chelmsford, CM2
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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
£1,605
Based on a loan of £337,500 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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