The latest phase of Chelmsford development Channels is being marketed as “a great investment” for second-time buyers.

Branded Aqua Verde , it offers two, three, four and five-bedroom homes within Essex, which are about a 40-minute train ride from Canary Wharf.

Developed by Bellway , the firm is offering a free part exchange package with sales that enables homeowners to trade in their property as part payment for a new-build home.

Bellway Essex divisional sales manager Gemma Bannister said: “We want to take away the hassle some homeowners experience when looking for a new home.

“Finding a new home may be easy, but we appreciate selling your property can sometimes take so long that people often miss out on their dream home.

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“By providing buyers with a variety of contemporary properties, and a scheme to take away some stress from their moving process, we are pleased to offer an excellent experience when moving with Bellway.”

Chelmsford city centre is about a 10-minute drive from Aqua Verde and offers a wealth of leisure opportunities.

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The city has two shopping centres – Meadows and High Chelmer– farmers’ markets, two theatres and an Odeon cinema.

Chelmsford train station is 35 minutes from London Liverpool Street, 20 minutes from Colchester and around 90 minutes from Norwich.

Prices for a two-bed home start at £419,995.