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Lathcoates Crescent, Chelmsford, Essex, CM2

East of England

£475,000

Listed on 13/07/2026

Property details

Bedrooms
2
Type
Bungalow

Description

Located in a desirable residential area, this spacious chalet bungalow presents a significant opportunity for renovation and investment. While the property is currently in need of modernisation, it comes with the advantage of no onward chain, facilitating a smoother purchasing process. The layout includes an entrance hall that leads to two or three bedrooms, two bathrooms, a kitchen, sunroom, and an expansive lounge/dining room. One notable feature is the large rear garden, which not only offers privacy but also has potential for extension (subject to relevant planning permissions). The first reception room boasts generous proportions and a large front-facing window, while the open-plan lounge/diner provides ample space for entertaining and easy access to the sunroom and outdoor area via sliding patio doors. The kitchen contains extensive cabinetry and integrated appliances but may benefit from updates. Upstairs features two bedrooms including a principal with en-suite facilities. Storage throughout the property, both inside and outside in the detached garage, adds to the overall appeal. Off-road parking for several vehicles is available via an extensive block-paved driveway. This property is ideally positioned within south Chelmsford's established boundaries, close to local amenities and transport links including Chelmsford’s mainline station for direct access into London. The surrounding area is rich with parks and open countryside—perfect for families and commuters alike.

Investment analysis

(CM2 area)
Area Average
£421/sq ft
Avg Rent (weekly)
£316
Avg Yield
4.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
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 +3.0% over the last 12 months
3 year growth: +5.1%
5 year growth: +7.0%
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

Lathcoates Crescent, Chelmsford, Essex, 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
£1,794
Based on a loan of £356,250 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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