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Three Crowns Road, Colchester, Essex, CO4

East of England

£300,000
Listed on 04/01/2026

Property Details

Bedrooms
3
Type
Detached house
Area
1106 sqft

Description

This two or three-bedroom detached bungalow presents a unique opportunity for renovation and expansion in a sought-after location near Colchester North Station, offering direct access to London Liverpool Street. The property features a porch, an entrance hall, and three generously sized bedrooms along with a spacious lounge that opens onto the rear garden. The kitchen and ground-floor bathroom provide functional spaces, while an inner hallway adds connectivity within the home. The exterior boasts a large rear garden with established borders and a garden room, ideal for potential enhancements or rebuilding efforts. Additionally, off-road parking is available via the driveway. This property holds significant potential for development—whether through updating the existing structure or exploring plans for a new dwelling, subject to planning permissions. Its proximity to local amenities makes it particularly appealing for investors or homeowners looking to create their ideal residence.

Investment Analysis

(CO4 area)

Below Market Value

This property is priced -18.8% below area average per sq ft

-18.8%
Potential saving
This Property
£271/sq ft
Area Average
£334/sq ft
Avg Rent (weekly)
£326
Avg Yield
5.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£406,527
10% above area average per sq ft
Potential ROI
+7.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
53
Average per month
Market Turnover
47%
Properties sold annually

Local Market Trend (CO4)

Area prices are rising by +4.5% over the last 12 months
3 year growth: +3.9%
5 year growth: +12.9%
Investment Disclaimer: Analysis based on CO4 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

Three Crowns Road, Colchester, Essex, CO4
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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
£1,082
Based on a loan of £225,000 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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