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Spenlow Drive, Newlands Spring, CM1 4UQ

East of England

£495,000

Listed on 26/06/2026

Property details

Bedrooms
4
Type
Detached

Description

This generously sized four-bedroom detached family residence is situated in the sought-after Newlands Spring area, overlooking tranquil farmland at the rear. While the property presents an opportunity for substantial modernization, it comes with the advantage of no onward chain. The layout provides a welcoming entrance hall leading to various functional spaces, including a ground floor shower room and multiple living areas such as a lounge, dining room with patio access, and a conservatory that enhances views of the garden. The kitchen and utility area are fitted but could benefit from contemporary updates to maximize their potential. The first floor offers four bedrooms, each with ample light and space, along with a family bathroom featuring a four-piece suite. Outdoors, the property boasts off-street parking and a low-maintenance rear garden with artificial grass and patio space, ideal for outdoor enjoyment. With Chelmsford’s vibrant community, excellent transport links to London, and reputable schools nearby, this home represents an attractive investment for those looking to create their ideal living space in an evolving neighborhood.

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Investment analysis

(CM1 area)
Area Average
£412/sq ft
Avg Rent (weekly)
£351
Avg Yield
4.3%

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
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

Spenlow Drive, Newlands Spring, CM1 4UQ
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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
£1,870
Based on a loan of £371,250 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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