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Washington Court, Jefferson Close, Colchester

East of England

£550,000
Listed on 19/09/2025

Property Details

Bedrooms
4
Type
Detached house

Description

This four-bedroom detached house is located in the sought-after Lexden area, recognized for its convenient access to local amenities, including Tollgate Shopping Park and well-regarded schools. The property is also about 2.5 miles from the city center, making it an appealing choice for families and investors alike. The spacious layout features a ground floor that includes an entrance hall, cloakroom, lounge with a feature fireplace leading to a conservatory, separate dining room, kitchen with utility room, and ample storage throughout. The first floor hosts a master bedroom complete with an en-suite shower room, three additional bedrooms, and a family shower room. Externally, the property benefits from a large driveway offering off-road parking for multiple vehicles along with a double garage. The rear garden is enclosed and predominantly laid to lawn, providing a blank canvas for future landscaping or outdoor projects. Given the generous size of the plot, there is significant potential for extensions or additional development (subject to necessary planning permissions), making this an enticing opportunity for renovation or investment. In addition to its comfortable living spaces, the presence of mature borders and side access on both sides enhances its appeal. A brick-built outbuilding offers extra utility; ideal for storage or as a workshop. With its combination of location advantages and renovation possibilities, this property presents an excellent investment opportunity in a thriving community.

Investment Analysis

(CO3 area)
Area Average
£361/sq ft
Avg Rent (weekly)
£294
Avg Yield
4.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £45,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
40
Average per month
Market Turnover
17%
Properties sold annually

Local Market Trend (CO3)

Area prices are stable by +1.0% over the last 12 months
3 year growth: 2.6%
5 year growth: 18.6%
Investment Disclaimer: Analysis based on CO3 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

Washington Court, Jefferson Close, 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
£2,015
Based on a loan of £412,500 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