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Ernest Road, Wivenhoe, Colchester, CO7 - Image 1
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Ernest Road, Wivenhoe, Colchester, CO7

East of England

£400,000
Listed on 17/11/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1037 sqft

Description

This detached bungalow in Wivenhoe offers a unique opportunity for those interested in renovation and investment. The property features three bedrooms, two reception rooms, a kitchen, and a bathroom, providing a flexible layout that can cater to families or individuals looking to downsize. With no onward chain, the purchasing process is streamlined and uncomplicated. Set on a spacious plot, the property is enveloped by well-established gardens and includes off-road parking along with a garage, ensuring plenty of space for vehicles and additional storage options. Its prime location combines the tranquility of suburban living with convenient access to local amenities, including shops, cafes, and scenic riverside walks. Wivenhoe is known for its vibrant community atmosphere and beautiful coastal surroundings. Residents can enjoy leisurely walks along the waterfront, explore diverse dining options, or benefit from excellent transport links via the nearby mainline station to London and other destinations. The bungalow presents substantial potential for refurbishment or extension, allowing buyers to customize the home to their tastes while increasing its value. Early viewing is advisable to fully appreciate the layout and possibilities this property has to offer. In addition to its ample living space, the home features practical elements such as an entrance hall with loft access, a utility area designed for convenience, and a private rear garden that includes a summer house and patio area—ideal for outdoor enjoyment. Though there is an unused swimming pool in the garden that hasn't been tested recently, it could serve as another avenue for enhancement. Overall, this property stands out not only for its character but also its promise as an investment opportunity in a desirable location.

Investment Analysis

(CO7 area)

Above Market Value

This property is priced +9.9% above area average per sq ft

+9.9%
This Property
£386/sq ft
Area Average
£351/sq ft
Avg Rent (weekly)
£300
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £60,000
Target Value
£400,443
10% above area average per sq ft
Potential ROI
-12.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
37
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (CO7)

Area prices are falling by +2.6% over the last 12 months
3 year growth: -4.7%
5 year growth: 11.7%
Investment Disclaimer: Analysis based on CO7 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

Ernest Road, Wivenhoe, Colchester, CO7
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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