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Wells Road, Colchester

East of England

£300,000
Listed on 17/03/2026

Property Details

Bedrooms
3
Type
Link Detached House

Description

Situated within the sought-after Riverside Development, this three-bedroom link-detached home presents a significant opportunity for those looking to undertake a renovation project. This property, which requires comprehensive updating throughout, boasts spacious living areas and a flexible layout that can be transformed into a modern family home tailored to individual tastes. The generous dimensions of each room provide a solid foundation for creative enhancements.<br><br>Perfectly positioned on Wells Road, this residence offers easy access to well-rated primary and secondary schools, Colchester City Centre, Castle Park, and Colchester Town Station with direct connections to London Liverpool Street — making it an attractive option for both families and commuters. No onward chain adds further appeal.<br><br>Upon entry, a welcoming hallway leads past essential storage options and a conveniently located downstairs WC. The bright living room is designed for comfortable family living. At the rear is an open-plan kitchen and dining area that holds great potential for modernisation, featuring sliding doors that connect seamlessly to the garden. Adjacent to this space is a conservatory that enhances ground-floor accommodation while providing additional access to outdoor space.<br><br>The first floor includes loft access and an airing cupboard alongside the bedrooms: a spacious principal bedroom complemented by another double bedroom with built-in storage, plus a third well-sized bedroom ideal for multiple uses such as an office or guest room. A family bathroom completes this level.<br><br>The enclosed rear garden is sizeable, featuring patio space with mature trees lining predominantly lawned areas and side access—perfect for outdoor activities or gatherings. The front yard also includes a mature tree along with driveway parking options in front of the garage, which has an up-and-over door.<br><br>This property is ripe for refurbishment and presents abundant investment potential in an attractive location.

Investment Analysis

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

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£40,000 - £60,000
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

Wells Road, Colchester
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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
£1,082
Based on a loan of £225,000 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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