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Fairhaven Avenue, CO5

East of England

£460,000
Listed on 11/10/2025

Property Details

Bedrooms
2
Type
Detached house
Area
1076 sqft

Description

This two-bedroom detached bungalow presents a unique opportunity for renovation and investment, located on Mersea Avenue, just a short walk from the beach. While the property is in need of modernization, its generous space and layout offer significant potential for those looking to create a custom living environment or capitalize on its investment value. Upon entering, you’ll find a spacious entrance hall that leads into an expansive interior. The living and dining areas are interconnected, creating an open feel perfect for families or entertaining. These spaces provide ample room for reconfiguration to suit modern lifestyles, making it easy to envision new possibilities. The large west-facing rear garden is another standout feature, offering a private outdoor retreat with plenty of sunlight throughout the day. This enclosed space is ideal for landscaping projects, recreational use, or even extending the living area outdoors. With a patio already in place for lounging or dining, you can easily enhance this area to maximize its outdoor appeal. Situated on Mersea Island, the home benefits from local amenities including established nurseries and a primary school. For broader educational needs, nearby Colchester boasts a variety of excellent state and private schooling options as well as Essex University. Transportation links are conveniently accessible via Colchester Rail Station, providing direct connections to London and Norwich. In summary, this property not only offers comfortable living space but also presents exciting renovation potential in a desirable coastal location. Whether you’re looking to make this your own or seeking an investment opportunity in an area with growing appeal, this bungalow merits consideration.

Investment Analysis

(CO5 area)

Above Market Value

This property is priced +14.3% above area average per sq ft

+14.3%
This Property
£428/sq ft
Area Average
£374/sq ft
Avg Rent (weekly)
£282
Avg Yield
3.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£442,785
10% above area average per sq ft
Potential ROI
-11.4%
After renovation
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 (CO5)

Area prices are stable by +0.2% over the last 12 months
3 year growth: -1.1%
5 year growth: 13.9%
Investment Disclaimer: Analysis based on CO5 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

Fairhaven Avenue, CO5
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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
£1,685
Based on a loan of £345,000 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