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Mercers Way, Colchester, Essex, CO1 - Image 1
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Mercers Way, Colchester, Essex, CO1

East of England

£250,000
Listed on 04/02/2026

Property Details

Bedrooms
2
Type
Semi-detached house

Description

This end terrace home, available without any chain, is ideally located within easy walking distance to Colchester Castle Park and the mainline railway station, along with the vibrant city centre. The property sits on a generously sized plot that boasts significant potential for extension or reconfiguration, subject to obtaining the necessary planning approvals. Entering through the hallway, you are greeted by a staircase leading to the first floor and access to a living room equipped with a fireplace and front-facing window. The kitchen/diner offers a practical layout with ample workspace, storage units, and space designated for essential appliances including a washing machine, cooker, and fridge freezer. There is further under-stairs storage available as well. On the upper level, you'll find two bedrooms; the main bedroom features dual windows allowing natural light to flood in and includes fitted cupboard space. The second bedroom also benefits from a built-in cupboard housing the boiler. The bathroom provides standard amenities including a panel bath and WC. Externally, there's a lawn garden at the front leading around to the side where access to the rear garden can be found. Here lies block paving combined with landscaped areas which could easily accommodate off-road parking—a desirable feature in this location. Given its proximity to local amenities and transport links, this property presents an excellent renovation opportunity for investors or those looking to create their dream home in a sought-after area.

Investment Analysis

(CO1 area)
Area Average
£304/sq ft
Avg Rent (weekly)
£246
Avg Yield
5.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
27
Average per month
Market Turnover
25%
Properties sold annually

Local Market Trend (CO1)

Area prices are stable by +1.9% over the last 12 months
3 year growth: -7.9%
5 year growth: +13.6%
Investment Disclaimer: Analysis based on CO1 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

Mercers Way, Colchester, Essex, CO1
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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
£902
Based on a loan of £187,500 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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