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Ipswich Road, Colchester, Essex, CO1 - Image 1
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Ipswich Road, Colchester, Essex, CO1 - Image 3
Ipswich Road, Colchester, Essex, CO1 - Image 4
Ipswich Road, Colchester, Essex, CO1 - Image 5
Ipswich Road, Colchester, Essex, CO1 - Image 6
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Ipswich Road, Colchester, Essex, CO1

East of England

£180,000
Listed on 11/10/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
550 sqft

Description

This two-bedroom older-style property presents a unique opportunity for renovation in a sought-after location. Situated conveniently near the City Center, mainline railway station, and various amenities, the home is ideal for those looking to invest in a property with significant potential. The living area features a double-glazed window that enhances natural light and highlights the brick-built fireplace, creating a cozy space with room for modernization. The adjacent kitchen/diner is practical, complete with eye and low-level units, stainless steel sink, and integrated appliances, while it offers ample space for further development. Access to the utility room provides additional functionality and leads directly to the outdoor area. Upstairs, you will find two well-sized bedrooms that offer good dimensions and natural light through double-glazed windows. Both rooms feature wall-mounted electric heaters, ensuring comfort throughout different seasons. The built-in storage cupboard in bedroom two adds an extra level of convenience. The bathroom is functional as it stands but could benefit from updating to meet contemporary standards. The courtyard garden at the rear is low maintenance and includes a brick-built storage shed; this outdoor space allows for creative landscaping opportunities or even expansion possibilities depending on planning permissions. With no onward chain and ample scope for improvement, this property is an attractive investment for buyers looking to add value through renovations or those seeking a comfortable home in a vibrant neighborhood. Viewing is highly encouraged to fully appreciate the potential this property holds.

Investment Analysis

(CO1 area)

Above Market Value

This property is priced +5.5% above area average per sq ft

+5.5%
This Property
£327/sq ft
Area Average
£310/sq ft
Avg Rent (weekly)
£244
Avg Yield
5.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£187,732
10% above area average per sq ft
Potential ROI
-10.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
24
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (CO1)

Area prices are stable by +1.0% over the last 12 months
3 year growth: -5.7%
5 year growth: 15.4%
Investment Disclaimer: Analysis based on CO1 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

Ipswich Road, Colchester, Essex, CO1
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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
£659
Based on a loan of £135,000 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