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Heath Road, Colchester

East of England

£475,000
Listed on 18/01/2026

Property Details

Bedrooms
3
Type
Detached house

Description

This is a unique opportunity to acquire a versatile detached chalet bungalow situated on an expansive plot in Lexden, one of Colchester's most desirable areas. The property boasts two to three bedrooms and offers significant adaptability for various living arrangements. The ground floor features an entrance hall, spacious living and sitting rooms, a dining area, kitchen, garden room, and a practical shower room. Upstairs, you'll find two generously sized double bedrooms along with a family bathroom. This layout provides ample space for families or individuals seeking flexibility. The exterior complements the interior well, with generous off-road parking, a detached garage, and a large rear garden that offers privacy and potential for landscaping enhancements or extensions (subject to planning approval). With such features combined with its prime location in Lexden, this property presents an outstanding renovation opportunity for investors or those looking to create their dream home. Properties like this are rare in the market; viewing is highly recommended before it is snapped up.

Investment Analysis

(CO3 area)
Area Average
£361/sq ft
Avg Rent (weekly)
£290
Avg Yield
4.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£40,000 - £60,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
41
Average per month
Market Turnover
44%
Properties sold annually

Local Market Trend (CO3)

Area prices are rising by +2.3% over the last 12 months
3 year growth: 3.2%
5 year growth: 17.7%
Investment Disclaimer: Analysis based on CO3 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

Heath 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
£1,740
Based on a loan of £356,250 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