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Melbourne Avenue, Chelmsford

East of England

£140,000

Listed on 20/07/2026

Property details

Bedrooms
2
Type
Maisonette
Area
717 sqft

Description

Located in the desirable Melbourne area of Chelmsford, this generously proportioned two-bedroom first-floor maisonette offers a prime opportunity for those looking to undertake a comprehensive renovation. The property is in need of full modernization, allowing buyers the chance to design and implement their vision for a contemporary living space. With ample room throughout, this maisonette serves as an excellent base for creating a stylish home that meets individual preferences. The location is particularly advantageous, situated directly across from Melbourne Park and within easy reach of local shops and amenities found on Melbourne Parade. Additionally, the property benefits from proximity to well-regarded schools and convenient transport links into Chelmsford city centre. Currently with approximately 82 years remaining on the lease, this property is available for cash buyers only due to the lease term. This presents a rare investment opportunity within a sought-after residential community. The property is offered with no onward chain, further streamlining any potential renovation plans.

Investment analysis

(CM1 area)

Below Market Value

This property is priced -52.6% below area average per sq ft

-52.6%
Potential saving
This Property
£195/sq ft
Area Average
£412/sq ft
Avg Rent (weekly)
£341
Avg Yield
4.2%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£324,944
10% above area average per sq ft
Potential ROI
+80.5%
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

Melbourne Avenue, 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
£529
Based on a loan of £105,000 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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