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Wallace Crescent, Chelmsford CM2

East of England

£475,000
Listed on 01/04/2026

Property Details

Bedrooms
3
Type
Bungalow
Area
1334 sqft

Description

Nestled on an expansive corner plot in a desirable residential locale of Chelmsford, this three-bedroom detached chalet bungalow offers a compelling chance for renovation and investment. The property features spacious and adaptable living areas, including two large reception rooms that can be tailored to suit modern lifestyle needs. The kitchen, while generously sized, presents ample opportunity for updates and personalization, making it ideal for those looking to inject their own design preferences. A recently fitted boiler enhances the home's efficiency, providing a solid foundation for further improvements. On the ground floor, two well-sized double bedrooms complement a family bathroom, accommodating various living arrangements. A noteworthy highlight is the loft conversion that serves as a principal bedroom suite; it boasts a contemporary en-suite shower room and is bathed in natural light—an inviting retreat from daily life. The generous rear garden adds to the property’s appeal, presenting possibilities for outdoor leisure or potential extensions (subject to planning). The front of the home benefits from a private driveway with off-road parking. Conveniently located near Chelmsford city centre with reputable schools and excellent transport links nearby, this property has something for families and professionals alike. With its combination of spacious interiors, an upgraded top-floor suite, and significant potential for enhancement or customization, this home represents an outstanding opportunity in a sought-after area.

Investment Analysis

(CM2 area)

Below Market Value

This property is priced -16.4% below area average per sq ft

-16.4%
Potential saving
This Property
£356/sq ft
Area Average
£426/sq ft
Avg Rent (weekly)
£315
Avg Yield
4.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£625,259
10% above area average per sq ft
Potential ROI
+21.4%
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
14%
Properties sold annually

Local Market Trend (CM2)

Area prices are rising by +2.1% over the last 12 months
3 year growth: +3.6%
5 year growth: +4.1%
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

Wallace Crescent, Chelmsford CM2
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£1,682
Based on a loan of £356,250 over 30 years at 3.91% 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.

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