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East of England
£225,000
Listed on 07/09/2026
Listed on 07/09/2026
The listing
WHOTS analysis
An internal assessment of the opportunity to acquire, improve and create value.
Confidence: LOW
This three-bedroom semi-detached house on Falmouth Road presents a substantial opportunity for buyers looking to acquire a property well below the local price per square foot. At £268/sqf, the asking price is 35% lower than the average in the area, making this an attractive proposition for those willing to invest in renovations. The home is in need of extensive refurbishment, but this allows for a complete reimagining of the space, from updating the dated interiors to transforming the overgrown garden into a charming outdoor area.
The property's good location in the sought-after Old Springfield area of Chelmsford adds further value, with potential for rental income once modernised. With its functional layout, including a lounge, kitchen/diner, family room, and three bedrooms, there is ample scope to enhance the character and functionality of the home. Buyers can envision a modern family space or a lucrative buy-to-let investment, particularly given the area's amenities and transport links.
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Finance
Illustrative repayments based on the asking price, not a mortgage offer.
Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
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.
Tax
Indicative tax based on the asking price and the options you select.
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