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Greenstead Road, Colchester, Essex, CO1 - Image 1
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Greenstead Road, Colchester, Essex, CO1

East of England

£270,000
Listed on 25/10/2025

Property Details

Bedrooms
3
Type
Semi-detached house

Description

This three-bedroom semi-detached house presents an excellent opportunity for renovation and investment. While the property requires some modernisation, it offers a solid foundation for anyone looking to create a personalized living space or capitalize on its potential rental income. Upon entering, you are greeted by an entrance hall that leads to the first floor. The living room features a charming bay window, allowing natural light to fill the space. Adjacent to this is the dining room, which boasts French doors that open directly into the generous rear garden—a perfect setting for outdoor gatherings. The kitchen, though in need of updating, includes essential features such as a window overlooking the side yard and ample space for appliances. The utility room adds practicality with areas designated for laundry appliances, making day-to-day life more convenient. Upstairs, you will find three bedrooms—each with windows offering pleasant views—and a shower room equipped with a vanity basin and an additional separate W.C. Externally, the property is complemented by a gated driveway and a modest front lawn with shrub borders. The rear garden is notably spacious, comprising a patio area ideal for entertaining, along with extensive lawn space that provides opportunities for landscaping or gardening projects. Situated to the east of Colchester city centre, this home benefits from close proximity to local shops, schools, and amenities. Moreover, its location near the University of Essex makes it particularly advantageous for those considering rental possibilities. With thoughtful renovations, this property could be transformed into a desirable family home or an attractive investment opportunity in a sought-after location.

Investment Analysis

(CO1 area)
Area Average
£310/sq ft
Avg Rent (weekly)
£244
Avg Yield
5.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
24
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (CO1)

Area prices are stable by +1.0% over the last 12 months
3 year growth: -5.7%
5 year growth: 15.4%
Investment Disclaimer: Analysis based on CO1 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

Greenstead Road, Colchester, Essex, CO1
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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
£989
Based on a loan of £202,500 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