Investors Tap into Chelmsford’s Growth Potential at Novello Development

Bellway is offering home-hunters the opportunity to invest in Chelmsford’s future growth potential, as the city prepares to undergo a £218 million upgrade to its transport infrastructure.

The housebuilder is experiencing a surge in sales at its Novello development, a collection of one and two-bedroom apartments off Victoria Road, just half a mile from the city centre.

Novello’s mix of one and two-bedroom apartments, its convenient city centre location and excellent commuter links are ideal for a wide range of purchasers, from first-time buyers to downsizers and commuters.

Chelmsford’s Anglia Ruskin University campus is less than half a mile from Novello, while the development is just a five-minute walk from Chelmsford railway station, which has trains to London Liverpool Street in 35 minutes.

The development’s widespread appeal has made it an attractive proposition for investors keen to benefit from the city’s future growth potential.

Chelmsford City Council has secured Government funding of £218 million for two major transport projects: a new railway station at Beaulieu; and the Chelmsford North-East Bypass, a new road linking the A12 and A131. Both schemes are set to improve links between Chelmsford, London, Braintree, and other surrounding towns, unlocking the potential for future investment and job creation.

Jenny Walker, Sales Director for Bellway Essex, said: “Many different types of buyers have already found their home at Novello, from first-time buyers and young families to professionals and downsizers.

“Buyers that don’t want to live in London are finding they have the best of both worlds here. As well as offering excellent transport links to the capital, Chelmsford is a thriving city in its own right which also provides a convenient base from which to explore the Essex countryside and coast.

“A number of investors have also purchased apartments at Novello. With the new bypass and railway station set to generate further growth in the local economy, there has never been a better time to invest in Chelmsford.”

Set across four apartment blocks and built on the site of a former Royal Mail depot, Novello will comprise a total of 203 new apartments when complete.

All the properties in the Fresca House block, which launched in 2019, have now been sold. While two thirds of the 30 homes in Moderna House, the second apartment block to launch, have already been snapped up.

A further 82 apartments for sale will be provided across the final two apartment buildings – Vivace House and Giovane House, with the latter set to launch on Saturday 17 July.

Each apartment at Novello features an open-plan living, dining and kitchen space, and en-suite facilities. The wider development will also contain a pocket park, podium garden and landscaped piazza.

The sales centre and show apartments at Novello are open by appointment only in line with Covid-19 guidelines.

Prices currently start from £258,995 for a one-bedroom apartment. For more information about the development, call the sales team on 01245 960973 or visit bellway.co.uk.

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