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Bourne Court, Mersea Road, Colchester, Essex, CO2 - Image 1
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Bourne Court, Mersea Road, Colchester, Essex, CO2

East of England

£230,000
Listed on 13/08/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
957 sqft

Description

This three to four-bedroom townhouse presents a unique opportunity for renovation enthusiasts or investors seeking a property with significant potential. Located in proximity to Colchester city centre, this home is positioned for easy access to a wealth of amenities, including shops, dining establishments, and cultural attractions such as the Mercury Theatre. Upon entering, you’ll find an enclosed porch that leads into the hallway, which features convenient storage options and access to a cloakroom. There’s also a versatile room on the ground floor that can serve as either a study or fourth bedroom, complete with a wall-mounted gas boiler. The first floor offers a practical layout with a spacious landing that connects to the bathroom and kitchen. The bathroom includes essential fixtures like a panel bath and wash hand basin. The kitchen is equipped with fitted work surfaces and integrates well with the generous lounge/diner area. This 'L'-shaped living space is designed for flexibility, featuring built-in storage and a charming ceramic tiled fireplace. On the second floor, you'll find three additional bedrooms, each complete with built-in cupboards, providing ample storage solutions. Externally, the property features a driveway for off-road parking that leads to an integral garage, alongside a modest garden area which could be enhanced through landscaping or other improvements. With its prime location near Colchester's vibrant city life and its considerable scope for refurbishment, this townhouse represents an exciting investment opportunity for those looking to create their ideal home or capitalize on rental potential.

Investment Analysis

(CO2 area)

Below Market Value

This property is priced -23.7% below area average per sq ft

-23.7%
Potential saving
This Property
£240/sq ft
Area Average
£315/sq ft
Avg Rent (weekly)
£284
Avg Yield
5.5%

Renovation Potential

Est. Renovation Cost
£23,000 - £57,500
10-25% of property value
Target Value
£331,495
10% above area average per sq ft
Potential ROI
+15.3%
After renovation
Monthly Sales
35
Average per month
Market Turnover
33%
Properties sold annually

Local Market Trend (CO2)

Area prices are stable by +1.9% over the last 12 months
3 year growth: 8.1%
5 year growth: 21.7%
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

Bourne Court, Mersea Road, Colchester, Essex, CO2
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