Rectory Lane, Chelmsford
AD

Rectory Lane, Chelmsford

By Adrians

£ 335,000

Reviews

2 out of 5 stars

Adrians says ..

Available with no onward chain is this three bedroom bay fronted, mid terraced property. Whilst in need of full modernisation, the property does afford its next owner the option to create their own family home located close to Chelmsford City centre and mainline station. High ceilings and or (cont.)

Property Oracle says ..

This three-bedroom mid-terraced house on Rectory Lane in Chelmsford, Essex, presents a mixed bag of opportunities and challenges for prospective buyers. Its location is highly desirable, boasting proximity to Chelmsford city centre and the mainline station, making it an attractive prospect for commuters and those seeking convenient access to amenities. Several schools are within a reasonable distance, adding further appeal for families.

However, the property requires a complete overhaul. The interior photos reveal an outdated design, with worn carpets, peeling wallpaper, and various areas of noticeable damage. The kitchen and bathroom are particularly dated and would require a substantial investment for modernisation. The garden, while present, is currently overgrown and appears rather small.

The property’s list price of £335,000 needs to be considered in light of its condition. While comparable properties in the area command similar or higher prices, this particular property’s need for significant renovation works means buyers should factor in substantial additional costs. A detailed survey is highly recommended before proceeding with any purchase. The potential for creating a desirable family home exists, however, this will require significant investment and time.

Overall, this property offers a great location but needs complete refurbishment. Potential buyers should carefully weigh the cost of renovation against the property’s desirable location and assess their own DIY skills or budget for professional contractors to bring this property up to a liveable standard.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
7
Condition
4
Location
7
Land
5
Bedrooms
3
Bathrooms
1
Sqft (est)
900.00

The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.

Metrics Year-on-Year

Average area value
399,091.00 £
Increased by 10.45 %
from 361,327.00 £
Est sale value
545,400.00 £
Increased by 30.89 %
from 416,700.00 £
Average area rental value
1,351.00 £/mo
Increased by 0.52 %
from 1,344.00 £/mo
Est letting value
1,800.00 £/mo
Increased by 100.00 %
from 900.00 £/mo
Est rental Yield
4.06 %
Decreased by 8.97 %
from 4.46 %
Crime Rate
4.00 %
Unchanged by 0.00 %
from 4.00 %

Agent Activity

  • Adrians marked this listing as sold.

  • Adrians created the listing.

Nearby Schools

NameTypeOfstedDistance
Anglia Ruskin UniversityHigher Education Institutions0.36 KM
Chelmsford County High School For GirlsAcademy Converter0.47 KM
The Cathedral Church Of England Voluntary Aided Primary School, ChelmsfordVoluntary Aided SchoolRequires improvement0.73 KM
King Edward Vi Grammar School, ChelmsfordAcademy Converter0.73 KM
Maltese Road Primary SchoolAcademy Sponsor LedGood0.90 KM

Images

Main Picture SITTING ROOM DINING AREA FIRST FLOOR LANDING BEDROOM TWO BATHROOM KITCHEN BEDROOM ONE BEDROOM THREE OUTSIDE

Nearby Streets

NameAverage PriceAverage SqftDistance
Alan Cherry Drive £ 000.00 KM
Railway Square £ 000.00 KM
Market Road £ 335,00000.00 KM
Victoria Road South £ 325,00000.00 KM
Eckersley Road £ 230,00000.00 KM

Nearby Transport

NameNLCTLCDistance
Chelmsford6836CHM0.56 KM

Nearby Listings

AddressPriceTypeScoreDistance
Rectory Lane, Chelmsford, CM1 £ 375,000BUY7 / 100.04 KM
Rectory Lane, Chelmsford, CM1 £ 340,000BUY6 / 100.04 KM
Rectory Lane, Chelmsford, CM1 £ 300,000BUY7 / 100.04 KM
Rectory Lane, Chelmsford £ 300,000BUY6 / 100.04 KM
Rectory Lane, Chelmsford, Essex, CM1 £ 330,000BUY7 / 100.04 KM

Nearby Properties

AddressPriceDistance
99 Rectory Lane £ 320,0000.00 KM
75 Rectory Lane £ 96,2690.00 KM
81 Rectory Lane £ 340,0000.00 KM
101 Rectory Lane £ 310,0000.00 KM
94 Rectory Lane £ 237,0000.00 KM