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122 Magdalen Street, Colchester, CO1 2LF - Image 1
122 Magdalen Street, Colchester, CO1 2LF - Image 2
122 Magdalen Street, Colchester, CO1 2LF - Image 3
122 Magdalen Street, Colchester, CO1 2LF - Image 4
122 Magdalen Street, Colchester, CO1 2LF - Image 5
122 Magdalen Street, Colchester, CO1 2LF - Image 6
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122 Magdalen Street, Colchester, CO1 2LF - Image 8
122 Magdalen Street, Colchester, CO1 2LF - Image 9

122 Magdalen Street, Colchester, CO1 2LF

East of England

£60,000
Listed on 05/03/2026

Property Details

Bedrooms
2
Type
Terraced house

Description

This freehold terrace house presents a prime opportunity for renovation enthusiasts and investors alike. Located on Magdalen Street, close to Colchester City Centre and the University of Essex, this property is ideally situated for both residential and rental potential. The house spans two floors, featuring a through reception room, a kitchen, and a bathroom/WC on the ground floor, alongside two bedrooms on the first floor. The rear garden offers additional outdoor space that could be enhanced further. Currently vacant, this property is ready for modernisation, allowing you to tailor it to your vision. Its EPC rating of E indicates areas for energy efficiency improvements as well. With the right investment, this home could transform into an appealing residence or lucrative rental in a desirable location.

Investment Analysis

(CO1 area)
Area Average
£305/sq ft
Avg Rent (weekly)
£240
Avg Yield
5.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
26
Average per month
Market Turnover
21%
Properties sold annually

Local Market Trend (CO1)

Area prices are stable by +1.2% over the last 12 months
3 year growth: -7.9%
5 year growth: +12.5%
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

122 Magdalen Street, Colchester, CO1 2LF
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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
£216
Based on a loan of £45,000 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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