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East of England
£650,000
Listed on 13/10/2026
Listed on 13/10/2026
The listing
WHOTS analysis
An internal assessment of the opportunity to acquire, improve and create value.
Confidence: MEDIUM
This detached house offers a promising opportunity for those looking to invest in a property in need of modernisation, situated just 0.2 miles from Chelmsford station. With five bedrooms and off-street parking, there's ample scope for improvement, particularly in the dated living areas and kitchen. The east-facing garden is a bonus, providing a pleasant outdoor space with potential for enhancement. However, the current asking price of £650,000 is above the local average at £462/sqf, which may raise concerns about the overall value proposition once renovations are factored in.
While the property is located in a desirable area with good transport links and amenities, the economics of this deal are less than ideal. With the all-in costs projected at around £710,000 after renovations, this puts the investment at a significant -18.3% below the implied local average value. Buyers should be prepared for a medium-scale renovation project, which could stretch budgets given the current price point versus local benchmarks. This property could be a worthwhile project for those who see the potential in its layout and location but will require careful consideration of the financials involved.
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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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