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Ilex Close, Colchester, CO2

East of England

£320,000
Listed on 02/02/2026

Property Details

Bedrooms
4
Type
Semi-detached house

Description

This four-bedroom end-of-terrace family home presents a distinctive chance to invest in a property with significant renovation potential. Located in a desirable area, the residence boasts an unusually large rear garden, which stands out considerably against typical offerings in this estate. The property is conveniently situated near local schools and just a short walk from Friday Wood, making it suitable for families seeking space and accessibility. The interior provides ample living space with four bedrooms, ideal for family life. Although some modernisation is recommended, the layout allows for extensive updates that can reflect personal tastes and preferences. The first floor features a family bathroom equipped with both a bath and shower, while the ground floor includes a separate WC for added convenience. Unique to this property is an outdoor utility room that currently serves as laundry and storage space but holds excellent potential to be transformed into a home office or versatile project area (subject to necessary approvals). The expansive rear garden is not only ideal for family activities but also opens up possibilities for landscaping or further development beyond the existing structure, pending planning permission. The overall plot size enhances investment opportunities in this sought-after location. Additionally, there is an allocated parking space next to the property, providing ease of access. With its generous outdoor space and substantial improvement prospects, this home represents an appealing long-term investment opportunity in a competitive market. Early viewing is encouraged.

Investment Analysis

(CO2 area)
Area Average
£319/sq ft
Avg Rent (weekly)
£275
Avg Yield
5.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
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

Ilex Close, Colchester, 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
£1,154
Based on a loan of £240,000 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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