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St. Annes Road, Parsons Heath, Colchester, Essex, CO4

East of England

£290,000
Listed on 13/04/2026

Property Details

Bedrooms
3
Type
End Of Terrace
Area
1626 sqft

Description

Presenting a three-bedroom end-of-terrace house, this property is being sold with no onward chain and is situated conveniently to the north-east of Colchester's historic city centre. It offers easy access to local schools, shopping facilities, and amenities, along with proximity to Hythe train station, which provides efficient mainline connectivity to London Liverpool Street. The interior of the house requires considerable renovation and modernization throughout. The ground floor features an entrance hall leading to a lounge, kitchen, two additional reception rooms, and a WC. Upstairs on the first floor are three bedrooms along with a family bathroom, while the loft area on the second floor presents an opportunity for conversion into an additional bedroom (subject to planning permissions). A generously sized rear garden offers potential for creative landscaping projects. The front driveway accommodates off-road parking for two vehicles and grants access to a garage. This property represents a promising investment opportunity for either first-time buyers looking to make their mark or investors seeking a project with significant potential.

Investment Analysis

(CO4 area)

Below Market Value

This property is priced -47.2% below area average per sq ft

-47.2%
Potential saving
This Property
£178/sq ft
Area Average
£338/sq ft
Avg Rent (weekly)
£335
Avg Yield
5.4%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£40,000 - £60,000
Target Value
£604,726
10% above area average per sq ft
Potential ROI
+72.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
48
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (CO4)

Area prices are rising by +2.5% over the last 12 months
3 year growth: +1.7%
5 year growth: +8.6%
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

St. Annes Road, Parsons Heath, Colchester, Essex, CO4
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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
£1,027
Based on a loan of £217,500 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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