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Berwick Avenue, Chelmsford CM1

East of England

£515,000

Listed on 04/07/2026

Property details

Bedrooms
4
Type
Detached
Area
2626 sqft

Description

This distinctive property, set on a substantial corner plot of approximately one-third of an acre, offers a unique opportunity for renovation and customization into a contemporary family home. With full planning permission and building control approval already secured for existing extensions, significant initial groundwork has been completed, allowing buyers to focus on personalizing the final touches. Currently configured as a spacious four-bedroom detached chalet bungalow, the layout includes ample reception areas such as a bright sitting room with a feature fireplace, a separate dining space, and an orangery that opens onto the well-maintained garden. The kitchen provides practical storage and workspace, complemented by flexible bedroom arrangements including a ground-floor option ideal for guests or multi-generational living. The generous principal bedroom features built-in storage and an en-suite bathroom. Externally, the established gardens offer both privacy and ample outdoor space for enjoyment along with off-street parking for several vehicles. Located in a desirable area with easy access to amenities and transport links, this property stands as an exceptional prospect for those looking to create their dream home with considerable investment potential.

Investment analysis

(CM1 area)

Below Market Value

This property is priced -52.4% below area average per sq ft

-52.4%
Potential saving
This Property
£196/sq ft
Area Average
£412/sq ft
Avg Rent (weekly)
£341
Avg Yield
4.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£80,000 - £120,000
Target Value
£1,190,103
10% above area average per sq ft
Potential ROI
+87.4%
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
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

Berwick Avenue, Chelmsford CM1
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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
£1,946
Based on a loan of £386,250 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

Price History

-1.9% since listed
£515,000£10,000(-1.9%)
03/07/2026
Current price
£525,000Initial listing
25/04/2026

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