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Roman Road, Colchester

East of England

£300,000
Listed on 07/11/2025

Property Details

Bedrooms
4
Type
Terraced house
Area
1333 sqft

Description

This Victorian townhouse presents a unique opportunity for renovation in the highly desirable Roman Road area of Colchester. Spanning 1,333 square feet, the property features four generously sized bedrooms and three reception rooms, offering substantial living space suitable for families or those who enjoy entertaining. While the home requires modernization throughout, it retains many original architectural details that showcase its historical character. This creates an ideal foundation for those looking to infuse their personal style into a home. The potential for transformation is significant, with possibilities for extending the property subject to planning permission, making this a compelling project for investors or DIY enthusiasts. Situated conveniently close to Castle Park and the vibrant High Street, residents can easily access a wide range of shops, cafes, and recreational activities. The charm of the surrounding neighborhood further enhances the investment appeal of this property, as it is poised to attract future buyers seeking both convenience and community. Overall, this townhouse offers not just space but also significant potential in a sought-after location. Whether you're aiming to create your dream home or seeking an investment opportunity with promise, this property provides a valuable canvas for your vision.

Investment Analysis

(CO1 area)

Below Market Value

This property is priced -27.5% below area average per sq ft

-27.5%
Potential saving
This Property
£225/sq ft
Area Average
£310/sq ft
Avg Rent (weekly)
£244
Avg Yield
5.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£454,993
10% above area average per sq ft
Potential ROI
+19.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
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

Roman Road, 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
£1,099
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