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Penzance Close, Old Springfield, Chelmsford CM1 - Image 1
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Penzance Close, Old Springfield, Chelmsford CM1

East of England

£400,000

Listed on 07/06/2026

Property Details

Bedrooms
3
Type
Semi Detached

Description

This semi-detached family home presents a unique opportunity for renovation in a sought-after cul-de-sac in Old Springfield. Featuring a spacious 24ft lounge diner and a separate conservatory, the property benefits from a generous 50ft unoverlooked rear garden that holds potential for extension (subject to planning permission). The layout includes three well-proportioned bedrooms, an entrance hall, a re-fitted kitchen, a bathroom with an additional separate w/c, and convenient driveway parking. While the home is generally well-maintained, it invites new owners to imprint their personal style and enhancements. Located within walking distance of local schools and shops, it also provides easy access to the city centre and mainline stations, making it ideal for families or investors looking to capitalize on the area's growth.

Investment Analysis

(CM1 area)
Area Average
£412/sq ft
Avg Rent (weekly)
£351
Avg Yield
4.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
67
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (CM1)

Area prices are stable by +1.2% over the last 12 months
3 year growth: -1.7%
5 year growth: +4.7%
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

Penzance Close, Old Springfield, 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
£1,511
Based on a loan of £300,000 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

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