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Orwell Close, Colchester, Essex, CO4 - Image 1
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Orwell Close, Colchester, Essex, CO4

East of England

£245,000
Listed on 11/10/2025

Property Details

Bedrooms
2
Type
Terraced house

Description

This modern two-bedroom terraced house presents a promising opportunity for renovation and investment, situated in the Parsons Heath area of Colchester. The property is being sold with no onward chain, providing a straightforward acquisition process for potential buyers. Upon entering, you'll find a welcoming entrance hall that leads to a spacious lounge featuring dual aspect windows, which fill the space with natural light. The lounge seamlessly connects to the kitchen/diner, where there are existing fitted units and work surfaces. A door from this area leads to a conservatory constructed with uPVC framing and double-glazed doors that open directly into the garden. The first floor includes a landing illuminated by natural light from a front-facing double-glazed window. It provides access to both bedrooms and a compact wet room designed with accessibility in mind. The main bedroom benefits from windows at both the front and rear of the house and features built-in wardrobes. The second bedroom also includes built-in storage and offers loft access, adding potential for further development. The wet room features essential facilities including a shower unit, WC, and wash hand basin. Although the rear garden requires cultivation, it is enclosed for privacy and predominantly paved, creating an opportunity for landscaping or outdoor enhancements. Additionally, there is a garage located in block along with designated parking space at the front of the property. The location boasts convenient access to local amenities within Parsons Heath, including shopping options at St Johns and easy proximity to Tesco Superstore. The city center is just a short distance away, offering an array of shops, bars, and restaurants. Families will appreciate nearby primary schools such as Parsons Heath Primary School and Friars Grove Primary School. For those commuting or traveling beyond Colchester, access to the A12 facilitates routes toward London and connections to key transport services at local train stations offer direct services into London Liverpool Street. This property not only serves as an inviting home but also has significant potential for modernization—ideal for investors looking to enhance value through renovation efforts.

Investment Analysis

(CO4 area)
Area Average
£336/sq ft
Avg Rent (weekly)
£327
Avg Yield
5.3%

Renovation Potential

Est. Renovation Cost
£24,500 - £61,250
10-25% of property value
Monthly Sales
31
Average per month
Market Turnover
48%
Properties sold annually

Local Market Trend (CO4)

Area prices are stable by +1.4% over the last 12 months
3 year growth: 3.6%
5 year growth: 10.6%
Investment Disclaimer: Analysis based on CO4 area averages and may not reflect property-specific factors like condition, exact location, or unique features. 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

Orwell Close, Colchester, Essex, CO4
Map showing location of Orwell Close, Colchester, Essex, CO4
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