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Maraschino Crescent, Colchester

East of England

£255,000
Listed on 11/10/2025

Property Details

Bedrooms
3
Type
Semi-detached house

Description

This three-bedroom end terrace home presents a valuable opportunity for those looking to renovate and invest. Nestled in a tranquil cul-de-sac, the property offers a solid foundation for transforming into a modern family residence. The ground floor features an entrance porch that leads into a spacious sitting room, providing ample natural light through its front-facing window. The kitchen and dining area are equipped with essential appliances, including a built-in oven and hob, along with convenient pantry storage. A lean-to at the rear adds extra versatility, potentially serving as a utility space or sunroom. Upstairs, the layout includes two generous double bedrooms and a smaller third bedroom that could easily serve as an office or guest room. The bathroom is designed with practicality in mind, featuring both a bath and shower combination. Outside, the fully enclosed rear garden extends approximately 30 feet, offering the potential for landscaping or gardening projects. Additionally, a garage located just meters away is accessible via a concrete driveway, enhancing parking options for residents. The property is sold with no onward chain, streamlining the purchasing process for prospective buyers. Located within easy reach of local amenities and transport links, this home is not only comfortable but also ripe for renovation to increase its value significantly over time. With mains electricity, gas, water, and drainage already connected, interested parties can focus on updating interior spaces to match modern standards while capitalizing on the strong investment potential in this desirable area.

Investment Analysis

(CO2 area)
Area Average
£318/sq ft
Avg Rent (weekly)
£283
Avg Yield
5.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £40,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
31
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (CO2)

Area prices are stable by +0.8% over the last 12 months
3 year growth: 4.2%
5 year growth: 22.6%
Investment Disclaimer: Analysis based on CO2 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

Maraschino Crescent, Colchester
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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
£934
Based on a loan of £191,250 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