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Papillon Road, St Marys, Colchester

East of England

£279,995
Listed on 02/04/2026

Property Details

Bedrooms
3
Type
Terraced

Description

This two to three-bedroom mid-terrace house located in the desirable St Marys area presents an excellent opportunity for both first-time buyers and investors looking to capitalize on its renovation potential. While the property requires modernisation, it offers a solid foundation with features such as double glazed sash windows and gas fireplaces that can be revitalized. The layout includes a lounge, a separate dining room, and a compact kitchen area that could benefit from reconfiguration or expansion to maximize space efficiency. A lean-to provides additional storage or utility space, leading out to a southern-facing garden, which is an attractive feature for outdoor enthusiasts. With no onward chain, this property is primed for those eager to implement their design vision and turn it into a modern family home.

Investment Analysis

(CO3 area)
Area Average
£356/sq ft
Avg Rent (weekly)
£266
Avg Yield
3.7%

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
39
Average per month
Market Turnover
15%
Properties sold annually

Local Market Trend (CO3)

Area prices are falling by -3.6% over the last 12 months
3 year growth: -2.6%
5 year growth: +9.8%
Investment Disclaimer: Analysis based on CO3 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

Papillon Road, St Marys, Colchester
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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
£992
Based on a loan of £209,996 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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