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Bankart Lane, Chelmsford CM2

East of England

£290,000

Listed on 19/06/2026

Property details

Bedrooms
2
Type
Terraced

Description

Situated in the desirable Chelmer Village area of Chelmsford, this two-bedroom mid-terrace home presents a unique opportunity for those looking to invest or renovate. The property boasts a spacious and airy interior, with a generous lounge conducive to comfortable relaxation, and a kitchen/dining area that encourages social gatherings and family meals. The upstairs features two well-sized bedrooms filled with natural light, providing versatile spaces that can cater to various needs such as home offices or creative dressing rooms. With a relatively recent boiler and updated safety reports, this property offers peace of mind while also inviting you to consider potential enhancements. The outdoor space is where the property’s true potential shines through. The sizeable rear garden not only allows for ample personal enjoyment but also offers the prospect of further development, such as creating additional parking or even constructing a garage at the back, subject to planning approvals. This flexibility makes it an ideal canvas for future projects, whether you envision a garden office or extra storage solutions. In terms of location, Chelmer Village is celebrated for its blend of urban convenience and green surroundings. It's within close proximity to essential amenities like Asda Superstore and well-rated schools like Barnes Farm Primary. Additionally, excellent transport links via the A12 and nearby railway stations simplify commutes into London. This property balances immediate liveability with exciting options for personalisation and growth, making it an appealing choice for first-time buyers or seasoned investors alike.

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Investment analysis

(CM2 area)
Area Average
£421/sq ft
Avg Rent (weekly)
£316
Avg Yield
4.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
58
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (CM2)

Area prices are rising by +3.0% over the last 12 months
3 year growth: +5.1%
5 year growth: +7.0%
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

Bankart Lane, Chelmsford CM2
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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
£1,096
Based on a loan of £217,500 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

-3.3% since listed
£290,000£10,000(-3.3%)
19/06/2026
Current price
£300,000Initial listing
21/05/2026

Next Steps

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