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Templewood Road, Colchester, Essex, CO4 - Image 1
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Templewood Road, Colchester, Essex, CO4

East of England

£340,000
Listed on 20/03/2026

Property Details

Bedrooms
3
Type
Detached Bungalow
Area
936 sqft

Description

Situated in the desirable area of Parsons Heath, this three-bedroom bungalow presents an excellent opportunity for those looking to inject their personal touch into a property that requires modernisation. The bungalow is located on a generous plot and is conveniently positioned close to Parsons Heath School, making it an ideal option for families or retirees seeking a downsized living space. Public transport connections nearby offer easy access to Colchester's city centre, enhancing its appeal as an investment opportunity. The layout includes two spacious double bedrooms alongside a single bedroom, complemented by a lounge and kitchen area, and a conservatory that invites natural light. Additionally, ample off-road parking is available along with a covered area adjacent to the property. This residence promises significant potential for enhancement and value addition through thoughtful renovations.

Investment Analysis

(CO4 area)

Above Market Value

This property is priced +8.3% above area average per sq ft

+8.3%
This Property
£363/sq ft
Area Average
£336/sq ft
Avg Rent (weekly)
£331
Avg Yield
5.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£345,431
10% above area average per sq ft
Potential ROI
-9.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
43
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (CO4)

Area prices are rising by +3.3% over the last 12 months
3 year growth: +3.0%
5 year growth: +10.1%
Investment Disclaimer: Analysis based on CO4 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

Templewood Road, Colchester, Essex, CO4
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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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