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Kelvedon Close, Chelmsford

East of England

£262,500

Listed on 13/07/2026

Property details

Bedrooms
2
Type
Flat
Area
712 sqft

Description

This two-bedroom first-floor maisonette presents a compelling opportunity for those looking to make a mark on their new home. While it requires a full modernisation to bring it up to date, the spacious layout includes a large lounge and well-proportioned bedrooms, providing a solid foundation for your renovation plans. The property boasts a private rear garden, offering an appealing outdoor area that can be transformed into an excellent space for leisure or entertaining. With its strategic location near local amenities and transport links, this home is ideal for first-time buyers or investors seeking a project that allows for personalisation and value enhancement.

Investment analysis

(CM1 area)

Below Market Value

This property is priced -10.5% below area average per sq ft

-10.5%
Potential saving
This Property
£369/sq ft
Area Average
£412/sq ft
Avg Rent (weekly)
£341
Avg Yield
4.2%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£322,678
10% above area average per sq ft
Potential ROI
+3.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
63
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (CM1)

Area prices are rising by +2.5% over the last 12 months
3 year growth: +3.3%
5 year growth: +5.3%
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

Kelvedon Close, Chelmsford
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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
£992
Based on a loan of £196,875 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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