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Woodfield Drive, West Mersea, Colchester, Essex, CO5

East of England

£350,000
Listed on 25/11/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1107 sqft

Description

Situated in a tranquil cul-de-sac in West Mersea, this three-bedroom detached bungalow presents an appealing opportunity for renovation and personalization. With the advantage of no onward chain, potential buyers can anticipate a straightforward transition to ownership. This property is ripe for updating, with possibilities for extension (subject to the necessary planning permissions), allowing you to transform it into a residence tailored to your preferences. The interior comprises three spacious bedrooms, ideal for accommodating family or guests comfortably. A family bathroom alongside a separate W.C. enhances functionality. The generous lounge features a welcoming fireplace and patio doors that lead directly to the rear garden, promoting a bright and airy atmosphere while facilitating outdoor entertaining. A separate kitchen awaits modernization, which offers a blank canvas for those looking to enhance its current layout. Externally, the property boasts a sizeable driveway and a single garage, ensuring sufficient off-road parking and storage. Set within a quiet neighborhood yet conveniently located near West Mersea's amenities, schools, and transport links, this bungalow represents an excellent option for families or individuals eager for coastal living with significant potential for improvement.

Investment Analysis

(CO5 area)

Below Market Value

This property is priced -15.5% below area average per sq ft

-15.5%
Potential saving
This Property
£316/sq ft
Area Average
£374/sq ft
Avg Rent (weekly)
£282
Avg Yield
3.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£455,542
10% above area average per sq ft
Potential ROI
+16.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
31
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (CO5)

Area prices are stable by +0.2% over the last 12 months
3 year growth: -1.1%
5 year growth: 13.9%
Investment Disclaimer: Analysis based on CO5 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

Woodfield Drive, West Mersea, Colchester, Essex, CO5
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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
£1,282
Based on a loan of £262,500 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