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Colchester Main Road, Alresford, CO7

East of England

£525,000
Listed on 04/02/2026

Property Details

Bedrooms
3
Type
Detached house
Area
1682 sqft

Description

This three-bedroom detached bungalow, situated on a generous 0.4-acre plot in Alresford, Essex, presents an exciting opportunity for renovation and investment. Known as 'Karita,' the property features not only the main bungalow but also a modern self-contained annexe and a two-bedroom static mobile home, enhancing its versatility for multi-generational living or potential rental income. The extensive gravel yard and double garage provide ample space for vehicles or equipment storage, making it ideal for tradespeople or those with multiple cars. There is already approved planning permission for significant expansion to the rear and upward, showcasing the home's potential to grow with your needs. The main bungalow boasts a neutral decor that is move-in ready while still allowing room for personalization. The separate annexe offers modern living with its own entrance, kitchenette, shower room, and open-plan space - perfect for guests or as a home office. Meanwhile, the static mobile home adds further accommodation options. Outdoor features include an expansive gravel yard suitable for various uses—from secure storage of vehicles to running a business from home—provided that necessary permissions are obtained. The garden itself is established yet manageable, offering space for gardening enthusiasts to cultivate vegetables or create a floral display while enjoying the tranquility of village life. 'Karita' stands out not only due to its unique combination of living arrangements but also because of its potential dual use as both a residential home and business premises. This property could easily accommodate up to five bedrooms across the three different accommodations. Given its impressive scope and flexibility, this is indeed a rare find in today's market.

Investment Analysis

(CO7 area)

Below Market Value

This property is priced -11.8% below area average per sq ft

-11.8%
Potential saving
This Property
£312/sq ft
Area Average
£354/sq ft
Avg Rent (weekly)
£313
Avg Yield
3.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £50,000
Target Value
£655,063
10% above area average per sq ft
Potential ROI
+13.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
37
Average per month
Market Turnover
25%
Properties sold annually

Local Market Trend (CO7)

Area prices are falling by -4.6% over the last 12 months
3 year growth: -7.7%
5 year growth: +8.6%
Investment Disclaimer: Analysis based on CO7 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

Colchester Main Road, Alresford, CO7
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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
£1,893
Based on a loan of £393,750 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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