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Tavistock Road, Springfield, Chelmsford, Essex, CM1 - Image 1
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Tavistock Road, Springfield, Chelmsford, Essex, CM1

East of England

£380,000

Listed on 23/06/2026

Property Details

Bedrooms
2
Type
Bungalow
Area
994 sqft

Description

This two-bedroom detached bungalow in Old Springfield is presented with no onward chain, offering a promising canvas for renovation enthusiasts. While it necessitates some updating, this property holds substantial potential for personalization and value enhancement. The layout includes a welcoming entrance porch that flows into a spacious hallway, leading to a lounge/diner featuring both a bay window and patio doors that open to the garden. The two double bedrooms include one with an ensuite shower room, alongside a separate shower room for convenience. At the rear, the fitted kitchen with built-in cooker and hob connects to a conservatory that overlooks the well-maintained garden complete with paved patio, lawn, trees, and shrubs. Additional features include ample off-road parking and a garage. Located just 1.5 miles from Chelmsford city centre and close to local amenities, this bungalow combines location with opportunity. Notably, while current heating is by night storage heaters, there is gas connected; prospective buyers should verify service functionalities.

Investment Analysis

(CM1 area)

Below Market Value

This property is priced -7.3% below area average per sq ft

-7.3%
Potential saving
This Property
£382/sq ft
Area Average
£412/sq ft
Avg Rent (weekly)
£351
Avg Yield
4.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£450,754
10% above area average per sq ft
Potential ROI
+7.3%
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 (CM1)

Area prices are stable by +1.2% over the last 12 months
3 year growth: -1.7%
5 year growth: +4.7%
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

Tavistock Road, Springfield, Chelmsford, Essex, CM1
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£1,436
Based on a loan of £285,000 over 30 years at 4.45% 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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