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Friars Close, Wivenhoe, Colchester, CO7

East of England

£350,000
Listed on 30/10/2025

Property Details

Bedrooms
4
Type
Detached house

Description

This four-bedroom detached home presents a compelling opportunity for renovation and investment. Nestled within the desirable Millfields catchment area, the property offers convenient access to local amenities, including Wivenhoe Quay and the nearby mainline train station, which enhances its appeal for commuting professionals and families alike. The interior features four generously proportioned double bedrooms, providing ample space for family living or potential reconfiguration. The layout includes an open-plan living room and dining area, creating a versatile space that can be tailored to modern preferences. A fitted kitchen offers functionality with sufficient room for appliances, while French doors in the dining area lead directly to the private rear garden. Outside, the garden is predominantly laid to lawn and features a patio space, ideal for outdoor entertaining or relaxation. The property is equipped with off-road parking and a garage that includes power and lighting—elements that enhance its practicality as well as its investment potential. Additional aspects such as a cloakroom on the ground floor and a family bathroom featuring an L-shaped bath with overhead shower provide a solid foundation for upgrades. While the home does require updating throughout, this presents an exciting opportunity for buyers looking to enhance value through modernization and personalization. Overall, this property not only offers comfortable living spaces but also holds significant potential for bespoke renovations that could greatly increase its appeal in this sought-after location. Viewing is encouraged to fully appreciate the possibilities this home has to offer.

Investment Analysis

(CO7 area)
Area Average
£351/sq ft
Avg Rent (weekly)
£300
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £45,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
37
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (CO7)

Area prices are falling by +2.6% over the last 12 months
3 year growth: -4.7%
5 year growth: 11.7%
Investment Disclaimer: Analysis based on CO7 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

Friars Close, Wivenhoe, Colchester, CO7
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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
£1,282
Based on a loan of £262,500 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