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Empress Avenue West Mersea, CO5

East of England

£625,000
Listed on 09/10/2024

Property Details

Bedrooms
5
Type
Detached House
Area
1840 sqft

Description

This spacious five-bedroom detached home sits on a desirable tree-lined avenue close to the beachfront, presenting a unique opportunity for those looking to invest in renovations. With a generous driveway providing ample parking, the property features two reception rooms, three bathrooms, and a kitchen with an adjacent utility room. Although this family abode is ready to welcome its new owners, it also offers potential for personalised upgrades and expansion (subject to planning permission). Located in West Mersea, just a short stroll from the coast, this residence combines convenience with lifestyle, perfect for families wanting to make their mark. The expansive rear garden and the existing garage add further value and possibilities for outdoor enhancements or additional living space. No onward chain simplifies the transition for prospective buyers eager to explore renovation opportunities.

Investment Analysis

(CO5 area)

Below Market Value

This property is priced -9.6% below area average per sq ft

-9.6%
Potential saving
This Property
£340/sq ft
Area Average
£376/sq ft
Avg Rent (weekly)
£329
Avg Yield
3.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£760,822
10% above area average per sq ft
Potential ROI
+6.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
32
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (CO5)

Area prices are stable by -1.1% over the last 12 months
3 year growth: -2.7%
5 year growth: +10.8%
Investment Disclaimer: Analysis based on CO5 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Empress Avenue West Mersea, CO5
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£2,214
Based on a loan of £468,750 over 30 years at 3.91% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

Price History

-8.1% since listed
£625,000£21,000(-3.3%)
21/02/2026
Current price
£646,000£34,000(-5.0%)
12/07/2025
£680,000Initial listing
08/10/2024

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