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Morley Road, Tiptree, Colchester, CO5 - Image 1
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Morley Road, Tiptree, Colchester, CO5 - Image 5

Morley Road, Tiptree, Colchester, CO5

East of England

£385,000
Listed on 20/04/2025

Property Details

Bedrooms
2
Type
Detached house
Area
764 sqft

Description

This detached bungalow offers a blend of comfortable living and renovation potential, conveniently located within walking distance to the amenities of Church Road in Tiptree. The property features two spacious double bedrooms, providing ample space for residents or guests. While some areas are in need of updating, the kitchen and shower room have already undergone modern improvements, presenting a solid foundation for further enhancements. The layout includes a welcoming lounge area and a conservatory that invites natural light, creating an inviting atmosphere. Outside, the property benefits from a driveway accommodating two vehicles, along with a garage equipped with an electric up-and-over door, adding to the convenience of daily living. One of the standout features of this bungalow is its garden, which is set away from neighboring properties, ensuring privacy for outdoor activities. With easy access to local shops, healthcare services, and recreational facilities, this location enhances both lifestyle and investment opportunities. Whether you’re looking to create your dream home through renovation or seeking an attractive investment property with strong rental potential, this bungalow presents various possibilities worth exploring.

Investment Analysis

(CO5 area)

Above Market Value

This property is priced +34.7% above area average per sq ft

+34.7%
This Property
£504/sq ft
Area Average
£374/sq ft
Avg Rent (weekly)
£282
Avg Yield
3.6%

Renovation Potential

Light Refurb
Est. Renovation Cost
£10,000 - £20,000
Target Value
£314,394
10% above area average per sq ft
Potential ROI
-22.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
31
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (CO5)

Area prices are stable by +0.2% over the last 12 months
3 year growth: -1.1%
5 year growth: 13.9%
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

Morley Road, Tiptree, Colchester, CO5
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,410
Based on a loan of £288,750 over 30 years at 4.19% 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.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE