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Layer Road, Colchester, Essex, CO2

East of England

£290,000
Listed on 08/01/2026

Property Details

Bedrooms
3
Type
Detached house
Area
928 sqft

Description

This three-bedroom detached bungalow presents a significant renovation opportunity in a sought-after area of south-west Colchester. With no onward chain, it allows for quick access to local amenities, including shops, bus routes, and Hamilton Primary School. The vibrant city centre of Colchester is also just a short drive away. The property layout includes an entrance hall, kitchen, dining room that flows into the lounge, three bedrooms, and a family bathroom. While the interiors are in need of comprehensive refurbishment, this blank canvas offers the chance to create a personalized living space tailored to your preferences. The outdoor space features a generous rear garden along with a detached garage and off-road parking, enhancing the investment potential of this property. Early viewing is advised to fully appreciate its possibilities.

Investment Analysis

(CO2 area)

Below Market Value

This property is priced -2.1% below area average per sq ft

-2.1%
Potential saving
This Property
£313/sq ft
Area Average
£319/sq ft
Avg Rent (weekly)
£275
Avg Yield
5.1%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£40,000 - £60,000
Target Value
£325,788
10% above area average per sq ft
Potential ROI
-6.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
35
Average per month
Market Turnover
25%
Properties sold annually

Local Market Trend (CO2)

Area prices are falling by -2.8% over the last 12 months
3 year growth: +0.9%
5 year growth: +17.5%
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

Layer Road, Colchester, Essex, CO2
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,046
Based on a loan of £217,500 over 30 years at 4.06% 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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