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Hereford Road, Colchester, CO1

East of England

£275,000
Listed on 01/04/2026

Property Details

Bedrooms
2
Type
Bungalow

Description

Nestled in the well-regarded Riverside Estate, this two-bedroom bungalow offers an advantageous location near Colchester City Centre. With easy access to local amenities and scenic Castle Park within walking distance, this property presents a promising investment opportunity. The entrance hall opens to two spacious double bedrooms, one featuring a built-in cupboard and the other with direct access to a conservatory that overlooks a tranquil rear garden—ideal for various uses, including a home office or relaxation space. The expansive open-plan living and dining area serves as the heart of the home, showcasing ample room and significant potential for modernisation and personal touches. A classic red brick feature fireplace adds character while delineating the living from dining zones. Large patio doors allow natural light to flood the space and provide direct access to the outdoor area. Adjacent to the living area is a functional kitchen equipped with adequate storage and space for essential appliances. Outside, the well-kept garden includes both patio and lawn sections, ensuring privacy and serenity alongside convenient parking and garage facilities. This bungalow represents an excellent chance for those looking to create value in a sought-after neighbourhood.

Investment Analysis

(CO1 area)
Area Average
£307/sq ft
Avg Rent (weekly)
£251
Avg Yield
5.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
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
13%
Properties sold annually

Local Market Trend (CO1)

Area prices are rising by +2.2% over the last 12 months
3 year growth: -5.5%
5 year growth: +11.0%
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

Hereford Road, Colchester, CO1
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£974
Based on a loan of £206,250 over 30 years at 3.91% 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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