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Greenstead Road, Colchester

East of England

£375,000
Listed on 01/04/2026

Property Details

Bedrooms
4
Type
Detached
Area
1357 sqft

Description

This property presents an excellent opportunity for those seeking a renovation project with significant investment potential. Situated on a spacious plot, the home is in need of comprehensive refurbishment, allowing new owners to reimagine and design their ideal living space. The substantial land at the back not only enhances privacy but offers numerous possibilities for outdoor enhancements, such as landscaped gardens or utility areas, pending necessary permissions. Located conveniently near local amenities and transport links into Colchester town centre, this property is well-positioned for accessibility while providing room for future value addition. Whether you're an investor aiming to capitalize on market trends or a homeowner wanting to create a unique space, this house is a promising canvas awaiting your vision.

Investment Analysis

(CO1 area)

Below Market Value

This property is priced -10.0% below area average per sq ft

-10.0%
Potential saving
This Property
£276/sq ft
Area Average
£307/sq ft
Avg Rent (weekly)
£251
Avg Yield
5.5%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£80,000 - £120,000
Target Value
£458,408
10% above area average per sq ft
Potential ROI
-7.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
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

Greenstead Road, Colchester
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Mortgage Calculator

£
£
£
%
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years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£1,328
Based on a loan of £281,250 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.

Next Steps

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