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Colvin Chase, Galleywood, CM2

East of England

£650,000
Listed on 16/04/2026

Property Details

Bedrooms
4
Type
Detached
Area
1604 sqft

Description

Nestled within a quaint, tree-lined community in Galleywood, this four-bedroom detached residence offers an excellent opportunity for renovation and investment. The property is set on a generous plot with established landscaping that provides both privacy and potential for expansion, subject to planning permission. With secure off-road parking and a detached double garage, the home boasts practicality alongside its charm. Upon entering, you are greeted by spacious living areas, including three sizeable reception rooms that lend themselves well to family gatherings or entertaining guests. A conveniently located cloakroom enhances the functionality of the ground floor. The kitchen is adequate but could benefit from modernisation, while a separate utility room adds to the home's practical layout. Upstairs, four inviting bedrooms include a principal suite with an en-suite shower room. The main bathroom serves the other rooms but may require updating to meet contemporary standards. One of the highlights of this property is its tranquil rear garden—an ideal space for relaxation or play that remains undisturbed. Given its desirable location close to amenities and transport links yet tucked away from the hustle and bustle, this home presents considerable refurbishment possibilities. It’s perfect for those looking to create their dream living space over time. Just note that there was subsidence reported over 25 years ago; therefore, any renovation plans should consider structural assessments as necessary.

Investment Analysis

(CM2 area)

Below Market Value

This property is priced -4.9% below area average per sq ft

-4.9%
Potential saving
This Property
£405/sq ft
Area Average
£426/sq ft
Avg Rent (weekly)
£315
Avg Yield
4.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£40,000 - £70,000
Target Value
£751,811
10% above area average per sq ft
Potential ROI
+4.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
63
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (CM2)

Area prices are rising by +2.1% over the last 12 months
3 year growth: +3.6%
5 year growth: +4.1%
Investment Disclaimer: Analysis based on CM2 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

Colvin Chase, Galleywood, CM2
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£2,302
Based on a loan of £487,500 over 30 years at 3.91% 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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