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Spruce Close, West Mersea

East of England

£340,000
Listed on 06/02/2026

Property Details

Bedrooms
2
Type
Semi-detached house
Area
1148 sqft

Description

Nestled in a tranquil cul-de-sac on Mersea Island, this two-bedroom detached bungalow presents a valuable opportunity for buyers looking to invest in a property with significant renovation potential. Set on a spacious plot, the well-kept rear garden is beautifully landscaped, offering room for outdoor enhancements or personal touches.<br><br>Inside, you'll find a roomy lounge and a fitted kitchen that invites customization. The conservatory is an appealing feature, connecting the living space with the serene garden views and allowing for abundant natural light. While the interiors would benefit from modern updates, they provide an excellent blank canvas for those wishing to infuse their individual style and enhance property value.<br><br>Both bedrooms are generously sized doubles, making it suitable for various living situations including couples or small families. The family bathroom completes the accommodation.<br><br>Outside, the established garden offers a peaceful setting and includes patio areas perfect for relaxation or entertaining guests. Additional benefits include two garages that provide ample storage or workshop possibilities as well as secure parking options. Ample driveway space adds further convenience.<br><br>Positioned just moments away from the beach and local amenities, this property not only holds promise for personalisation but also represents a rare chance to acquire a detached home in one of Mersea's desirable locations.

Investment Analysis

(CO5 area)

Below Market Value

This property is priced -21.3% below area average per sq ft

-21.3%
Potential saving
This Property
£296/sq ft
Area Average
£376/sq ft
Avg Rent (weekly)
£272
Avg Yield
3.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£475,192
10% above area average per sq ft
Potential ROI
+28.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
31
Average per month
Market Turnover
26%
Properties sold annually

Local Market Trend (CO5)

Area prices are stable by -1.7% over the last 12 months
3 year growth: -2.6%
5 year growth: +11.4%
Investment Disclaimer: Analysis based on CO5 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

Spruce Close, West Mersea
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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
£1,226
Based on a loan of £255,000 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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