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Mersea Road, COLCHESTER

East of England

£215,000
Listed on 25/11/2025

Property Details

Bedrooms
2
Type
Detached house

Description

This freehold detached bungalow presents a significant opportunity for investors and DIY enthusiasts looking to capitalize on renovation potential. Located in a sought-after area of Colchester, the property comprises two bedrooms, a reception room, kitchen, and bathroom/WC. The spacious layout offers ample scope for modernisation, with possibilities for reconfiguration or expansion (subject to planning permission). The outdoor space includes off-street parking and a rear garden, adding extra value to the property. Given its position within proximity to local transport links, shopping amenities, and recreational areas such as Abbey Field and Colchester Castle Park, this bungalow stands as an excellent canvas for transformation. Full vacant possession enhances the attractiveness of this investment ahead of its auction date in December 2025.

Investment Analysis

(CO2 area)
Area Average
£318/sq ft
Avg Rent (weekly)
£283
Avg Yield
5.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £45,000
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 (CO2)

Area prices are stable by +0.8% over the last 12 months
3 year growth: 4.2%
5 year growth: 22.6%
Investment Disclaimer: Analysis based on CO2 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

Mersea 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
£788
Based on a loan of £161,250 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