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See how verdicts work3-bedroom bungalow · CM1 2JE
Sold STCListed 165 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated on the ever-popular Chignal Road, this semi-detached bungalow presents an exciting opportunity for buyers looking to create a bespoke home in a sought-after Chelmsford location.
Offered for sale with no onward chain and by informal tender (please see guidelines below), the property is in need of full refurbishment throughout but offers enormous potential to transform into a substantial family home.
Occupying a generous plot, the bungalow benefits from a rear garden measuring in excess of 100ft and enjoys a superb position backing directly onto open farmland, creating a wonderful sense of privacy and uninterrupted views.
Subject to the necessary planning permissions, there is significant scope to extend to the rear, side and into the loft space, making this an ideal project for developers, investors or families looking to add value and create a long-term home tailored to their own specification.
Externally, the property offers a driveway providing off-road parking in addition to a garage.
The location is particularly convenient, being just 0.5 miles from Morrisons superstore, within the sought-after Newland Spring Primary School catchment area and offering easy access into Chelmsford city centre with its excellent range of shopping, restaurants, leisure facilities and mainline rail links to London Liverpool Street.
Informal Tender Guidelines: The property is being sold by informal tender and must be marketed for a minimum period of 4 weeks before any offers are considered.
All offers will be considered from Friday 12th June 2026 June. Please call us on to reserve your viewing slot.
Tenure: Freehold Council Tax: The Council tax for this property is band D with an annual amount of £2,167.83.
As an integral part of the community, we’ve gotten to know the best professionals for the job. If we recommend one to you, it will be in good faith that they’ll make the process as smooth as can be.
Please be aware that a small number of the parties we recommend (certainly not the majority) may on occasion pay us a referral fee up to £200.
You are under no obligation to use a third party we have recommended.
Should you successfully have an offer accepted on a property of ours and proceed to purchase it there is an administration charge of £36 inc.
VAT per person (non-refundable) to complete our Anti Money Laundering Identity checks.
Entrance hall Lounge 4.24 m x 3.66 m (13'11" x 12'0") Kitchen 3.33 m x 2.64 m (10'11" x 8'8") Bedroom 1 3.68 m x 3.02 m (12'1" x 9'11") Bedroom 2 3.33 m x 2.72 m (10'11" x 8'11") Bedroom 3/dining room 2.64 m x 2.29 m (8'8" x 7'6") Rear garden
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs

FAQ
About Chignal Road, Chelmsford
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