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Colchester Road, Wakes Colne, Colchester, Essex, CO6 - Image 1
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Colchester Road, Wakes Colne, Colchester, Essex, CO6 - Image 3
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Colchester Road, Wakes Colne, Colchester, Essex, CO6 - Image 5
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Colchester Road, Wakes Colne, Colchester, Essex, CO6 - Image 7
Colchester Road, Wakes Colne, Colchester, Essex, CO6 - Image 8

Colchester Road, Wakes Colne, Colchester, Essex, CO6

East of England

£475,000
Listed on 09/01/2025

Property Details

Bedrooms
3
Type
Detached house

Description

This unique property presents an exceptional opportunity for renovation and investment, as it was formerly a Coach House with approved planning permission to convert it into a spacious detached residence. Boasting extensive frontage of approximately 100 meters along the River Colne, this versatile site offers significant potential for transformation into a remarkable home. The proposed plans envision a generous living space of 2,870 square feet, including four bedrooms and a double garage. A mezzanine level is designed to take full advantage of the stunning river views and picturesque countryside that surrounds the property. The existing structure features characterful brickwork and charming arched windows, which, once updated, will enhance the aesthetics of the new design while maintaining its historical appeal. Located in the tranquil village of Wakes Colne, this property is set amidst some of the most scenic countryside in the area. Its proximity to Chappel and White Colne adds to its charm, with easy access to local amenities such as a sub-Post Office and general store nearby in Earls Colne and Coggeshall. Additionally, larger market towns like Halstead and Colchester are just a short drive away, offering an array of shopping and dining options. For commuters, Chappel and Wakes Colne railway station is within walking distance. This station serves the Sudbury branch line, providing direct access to London Liverpool Street with a journey time of approximately 55 minutes when changing at Marks Tey. Furthermore, it is home to the East Anglian Railway Museum, adding a unique element to this quiet community. Overall, this property stands out as an intriguing investment opportunity with promising renovation potential in a sought-after location—ideal for those looking to create their dream residence or capitalize on the growing real estate market.

Investment Analysis

(CO6 area)
Area Average
£361/sq ft
Avg Rent (weekly)
£328
Avg Yield
3.8%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£250,000 - £350,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
27
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (CO6)

Area prices are rising by +3.0% over the last 12 months
3 year growth: -4.2%
5 year growth: 5.5%
Investment Disclaimer: Analysis based on CO6 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

Colchester Road, Wakes Colne, Colchester, Essex, CO6
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Mortgage Calculator

£
£
£
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years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,740
Based on a loan of £356,250 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