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Spenlow Drive, Newlands Spring CM1

East of England

£495,000

Listed on 03/07/2026

Property details

Bedrooms
4
Type
Detached
Area
1415 sqft

Description

This four-bedroom detached family home, situated in the desirable Newlands Spring area of Chelmsford, offers a significant opportunity for renovation and personalisation. With views over farmland from the rear, this property benefits from its location near local amenities and schools. The interior features a spacious entrance hall leading to a ground floor shower room, a lounge, a dining room with patio doors that open onto the garden, and a conservatory that enhances the living space with natural light. The kitchen, while functional, would benefit from modern updates to maximise its potential. The first floor comprises four bedrooms and a bathroom with a four-piece suite that is in need of refreshing. Additionally, there is a garage equipped with power and light. Outside, the low-maintenance garden features artificial grass and offers privacy despite being located at the end of a cul-de-sac. This property is offered without onward chain, making it an attractive option for investors or those looking to create their dream home.

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Investment analysis

(CM1 area)

Below Market Value

This property is priced -15.1% below area average per sq ft

-15.1%
Potential saving
This Property
£350/sq ft
Area Average
£412/sq ft
Avg Rent (weekly)
£341
Avg Yield
4.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£35,000 - £60,000
Target Value
£641,278
10% above area average per sq ft
Potential ROI
+15.5%
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

Spenlow Drive, Newlands Spring 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
£1,870
Based on a loan of £371,250 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

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