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Orwell Close, Colchester, Essex, CO4 - Image 1
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Orwell Close, Colchester, Essex, CO4 - Image 5

Orwell Close, Colchester, Essex, CO4

East of England

£230,000
Listed on 05/06/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
611 sqft

Description

This two-bedroom terraced house presents a promising opportunity for renovation and investment, positioned in the Parsons Heath area of Colchester, in a cul-de-sac setting. While the property is being offered without an onward chain, it does require some modernisation, making it ideal for buyers looking to add value through refurbishment. Entering the home, you are greeted by an entrance hall that provides access to a naturally lit lounge with windows at both the front and rear. The layout flows seamlessly into a kitchen/diner area equipped with fitted units and work surfaces. A conservatory extends from this space, offering potential for additional living or dining options while inviting natural light into the home. On the first floor, you’ll find two bedrooms along with a wet room designed with disabled facilities in mind. The main bedroom benefits from windows at both ends and features a built-in double wardrobe, accommodating essential utilities such as the gas central heating boiler. The second bedroom also includes built-in wardrobes and loft access, providing further storage opportunities. The outdoor space features a paved rear garden that is enclosed but requires some cultivation to reach its full potential. Additionally, there’s a garage in a block nearby along with designated parking space. The location offers convenient access to local amenities, including shopping options at St Johns and a Tesco Superstore just a short drive away. For those seeking more variety, Colchester’s city center is within reach, featuring an array of shops, bars, and restaurants. Families will appreciate the proximity to well-regarded primary schools like Parsons Heath and Friars Grove. Transportation links are advantageous with easy access to the A12 for routes towards London and local train stations providing direct services to London Liverpool Street. This property not only has great potential for personal customization but also represents an appealing investment opportunity in a sought-after area of Colchester. Important details include council tax band B and connections to mains water, gas, drainage, and electricity; the property is available on a freehold tenure with an EPC rating of C.

Investment Analysis

(CO4 area)

Above Market Value

This property is priced +11.4% above area average per sq ft

+11.4%
This Property
£376/sq ft
Area Average
£338/sq ft
Avg Rent (weekly)
£324
Avg Yield
5.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£227,136
10% above area average per sq ft
Potential ROI
-10.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
56
Average per month
Market Turnover
21%
Properties sold annually

Local Market Trend (CO4)

Area prices are rising by +4.5% over the last 12 months
3 year growth: 3.6%
5 year growth: 11.4%
Investment Disclaimer: Analysis based on CO4 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

Orwell Close, Colchester, Essex, CO4
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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
£843
Based on a loan of £172,500 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