Summary - WELLS CRESCENT FLAT 82 VIADUCT ROAD CHELMSFORD CM1 1GR
2 bed 1 bath Flat
Affordable shared ownership two-bed with parking and gym in central Chelmsford.
33% shared ownership available for £82,500
A modern two-bedroom shared ownership apartment in central Chelmsford, offered as a 33% share for £82,500. Located on the third floor with lift access, the flat includes an allocated parking space and residents’ gym, and is within easy walking distance of public transport, shops and riverside walks. The open-plan living area and contemporary kitchen suit first-time buyers seeking city convenience and low-entry cost into home ownership.
This is a small property (approximately 571 sq ft) with electric room heaters rather than central heating—suitable for buyers prepared for slightly higher running costs. The lease is being extended to 189 years in process, but current documentation shows approximately 82 years remaining; purchasers should confirm final lease terms. Annual charges total around £2,460, which includes management and reserve contributions; factor these into total housing costs alongside the monthly rent for the unsold share (circa £412 pcm at 33%).
The flat sits in a lively, cosmopolitan neighbourhood close to good schools, shops and amenities; excellent mobile and fast broadband speeds suit remote working. However, the area records above-average crime levels—prospective buyers should consider security and location when viewing. Overall, this apartment offers an affordable route onto the ladder with clear potential for future staircasing, but buyers should budget for service charges, electric heating costs, and verify lease extension progress before committing.
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