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Reynolds Avenue, Colchester

East of England

£400,000
Listed on 11/10/2025

Property Details

Bedrooms
2
Type
Detached house
Area
767 sqft

Description

This detached two-bedroom bungalow, located in the desirable Prettygate area, offers a unique opportunity for renovation and investment. The property is conveniently situated near essential local amenities, reputable schools, and accessible transport links, making it an attractive option for families, retirees, or those looking to invest. The layout features a spacious living room that benefits from abundant natural light, alongside a kitchen that provides ample space for modern updates. Both bedrooms are well-sized, allowing for various configurations whether used as sleeping quarters or office spaces. A central hallway connects these areas to a family bathroom and an additional separate WC. Outside, the property includes a detached garage which not only serves as useful storage but could also be transformed into additional living space or a workshop with the appropriate permissions. The generous plot presents opportunities to enhance both the interior and exterior of the home to match personal style and needs. While some updating is needed throughout the property, this presents a rare chance to acquire a bungalow in such a prime location within Prettygate. The surrounding area boasts local shops and cafés, with Prettygate Primary School within easy reach. Furthermore, being just a short drive away from Colchester city center and major roadways like the A12 allows for excellent connectivity to London and beyond. This property holds significant potential for those willing to invest in its future.

Investment Analysis

(CO3 area)

Above Market Value

This property is priced +44.4% above area average per sq ft

+44.4%
This Property
£522/sq ft
Area Average
£361/sq ft
Avg Rent (weekly)
£294
Avg Yield
4.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £40,000
Target Value
£304,744
10% above area average per sq ft
Potential ROI
-30.7%
After renovation
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

Reynolds Avenue, 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
£1,465
Based on a loan of £300,000 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