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New London Road, Chelmsford, CM2

East of England

£500,000

Listed on 25/06/2026

Property Details

Bedrooms
3
Type
Semi Detached
Area
1480 sqft

Description

This semi-detached Victorian residence, nestled within Melford Villas, offers an excellent opportunity for buyers looking to invest in a property with significant renovation potential. Spanning four storeys and featuring traditional stock brick construction, this home is primed for transformation, making it ideal for those keen to modernize while retaining its character. The expansive private rear garden adds to the appeal, providing ample outdoor space which can be revitalized or landscaped according to personal taste. Upon entering, you'll find a central hallway that grants access to various living areas and a useful basement cellar. The main reception room is welcoming with its charming bay window, original wood flooring, and decorative fireplace. Adjacent is another spacious reception room that opens directly onto the garden through French doors—an inviting aspect that enhances indoor-outdoor living. The kitchen features functional units and workspace but could benefit greatly from an update. Additionally, the ground floor includes a utility room and a shower room/WC, both of which present opportunities for reconfiguration. On the first floor, two large double bedrooms provide high ceilings and abundant natural light—a nice blank canvas for personal design choices. A family bathroom and two compact shower rooms are also located on this level. The top-floor master bedroom shines with natural light thanks to dual aspect windows. The sizeable rear garden is primarily laid to lawn and bordered by mature shrubs and trees; this area promises great potential for landscaping or even extending the home (subject to planning permission). Located on New London Road, this property enjoys proximity to Chelmsford city centre's retail offerings as well as local parks and reputable schools—ideal for families and professionals alike. With Chelmsford station less than a mile away offering swift connections to London Liverpool Street in around 35 minutes, this property represents not just a home but a solid investment opportunity.

Investment Analysis

(CM2 area)

Below Market Value

This property is priced -19.7% below area average per sq ft

-19.7%
Potential saving
This Property
£338/sq ft
Area Average
£421/sq ft
Avg Rent (weekly)
£318
Avg Yield
4.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£684,737
10% above area average per sq ft
Potential ROI
+16.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
58
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (CM2)

Area prices are rising by +3.8% over the last 12 months
3 year growth: +5.3%
5 year growth: +6.2%
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

New London Road, Chelmsford, CM2
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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
£1,889
Based on a loan of £375,000 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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