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Maldon Road, Colchester, Essex, CO3 - Image 1
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Maldon Road, Colchester, Essex, CO3

East of England

£300,000
Listed on 01/11/2025

Property Details

Bedrooms
3
Type
Terraced house

Description

This established two-bedroom home presents a unique opportunity for renovation, ideally suited for those looking to invest in a property with potential for customization and improvement. Located within easy reach of local schools and the city center, the property benefits from both convenience and community amenities. Upon entering, you are greeted by a hallway that provides access to a cloakroom featuring essential facilities. The front-facing sitting room includes a charming bay window and a fireplace, offering an inviting space that could be enhanced with modern finishes. Adjacent is a separate dining room, which showcases a traditional redbrick fireplace and has direct access to the substantial rear garden—an ideal spot for entertaining or relaxation. The spacious kitchen/breakfast area is equipped with practical work surfaces, cabinetry, and plumbing provisions for laundry appliances. With some reconfiguration and updates, this space could become a functional hub of the home that meets contemporary needs. On the upper floor, two well-proportioned double bedrooms provide ample sleeping quarters. A versatile third room can serve as either a nursery or an office—perfectly adaptable to suit your lifestyle requirements. The family bathroom features classic fixtures; however, it offers considerable scope for modernization. Externally, the front of the property is set back from the road with a maintained lawn bordered by low walling and mature hedges. The expansive rear garden extends approximately 60 feet in depth and features established trees and shrubs, providing plenty of opportunities for landscaping or personalizing outdoor spaces. This property is strategically positioned near local education options as well as the vibrant city center brimming with shopping venues, restaurants, wine bars, and recreational facilities such as the Mercury Theatre. With its prime location and extensive renovation potential, this home represents an intriguing investment opportunity for those willing to put their personal touch on an established residence.

Investment Analysis

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

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £40,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
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

Maldon Road, Colchester, Essex, CO3
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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
£1,099
Based on a loan of £225,000 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