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Homefield Road, Colchester, Essex, CO2 - Image 1
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Homefield Road, Colchester, Essex, CO2

East of England

£400,000
Listed on 16/08/2025

Property Details

Bedrooms
4
Type
Semi-detached house
Area
1291 sqft

Description

This four-bedroom semi-detached home presents an intriguing opportunity for renovation and investment. Located in a well-connected area south of Colchester, it offers convenient access to the city’s historic center, as well as local schools, shops, and essential amenities. The property features a traditional layout with a lounge and dining room on the ground floor, along with a cloakroom, kitchen, and utility space. Upstairs, you’ll find four generously sized bedrooms complemented by a family bathroom. While the interior is functional in its current state, there is significant potential for modernization or reconfiguration to enhance living spaces according to contemporary preferences. The established rear garden provides ample outdoor space, while additional features include a brick-built shed and garage. Notably, there is a side plot that may offer extension possibilities, subject to obtaining the necessary planning approvals. This aspect not only adds value but also allows for personalization of the property to suit your needs or those of future tenants or buyers. Given its prime location and the scope for improvement, this home could be an excellent investment choice for those looking to create long-term value or secure a family residence in a desirable area. An early viewing is recommended to appreciate all that this property has to offer.

Investment Analysis

(CO2 area)

Below Market Value

This property is priced -0.9% below area average per sq ft

-0.9%
Potential saving
This Property
£310/sq ft
Area Average
£313/sq ft
Avg Rent (weekly)
£279
Avg Yield
5.3%

Renovation Potential

Est. Renovation Cost
£40,000 - £100,000
10-25% of property value
Target Value
£443,923
10% above area average per sq ft
Potential ROI
-11.2%
After renovation
Monthly Sales
22
Average per month
Market Turnover
22%
Properties sold annually

Local Market Trend (CO2)

Area prices are falling by +2.1% over the last 12 months
3 year growth: 6.3%
5 year growth: 20.8%
Investment Disclaimer: Analysis based on CO2 area averages and may not reflect property-specific factors like condition, exact location, or unique features. 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

Homefield Road, Colchester, Essex, CO2
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