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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
Ipswich Road, Colchester, Essex, CO1 - Image 7
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Ipswich Road, Colchester, Essex, CO1

East of England

£180,000

Listed on 23/04/2025

Property Details

Bedrooms
2
Type
Terraced
Area
550 sqft

Description

This two-bedroom period property is an excellent opportunity for those looking to invest in a home with significant potential for modernisation. Conveniently situated near the city center and mainline railway station, it offers easy access to local amenities, making it attractive for both home buyers and investors. The interior features a lounge with a charming brick fireplace and double-glazed windows, along with a kitchen/diner that includes basic appliances but could benefit from contemporary upgrades. The utility room provides additional space for laundry needs and opens to a manageable rear courtyard garden, ideal for outdoor relaxation. Both bedrooms are generously sized, although they would gain from modern decor and fixtures. The property is sold with no onward chain, making it easier for buyers to take advantage of this renovation project. Viewing is highly encouraged to fully appreciate the investment potential available here.

Investment Analysis

(CO1 area)

Above Market Value

This property is priced +4.8% above area average per sq ft

+4.8%
This Property
£327/sq ft
Area Average
£312/sq ft
Avg Rent (weekly)
£246
Avg Yield
5.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£189,002
10% above area average per sq ft
Potential ROI
-7.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
23
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (CO1)

Area prices are stable by +0.3% over the last 12 months
3 year growth: -7.2%
5 year growth: +10.3%
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 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£642
Based on a loan of £135,000 over 30 years at 3.97% 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.

Stamp Duty Calculator

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