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Craven Drive, Colchester

East of England

£350,000
Listed on 21/04/2026

Property Details

Bedrooms
4
Type
Detached
Area
1308 sqft

Description

This four-bedroom detached property offers significant renovation potential, situated in the desirable Craven Drive area of Colchester. Encompassing a spacious 1,308 square feet, the home features four well-sized bedrooms and three reception areas, making it ideal for families seeking room to grow. With two bathrooms already in place, this house provides essential convenience for daily living. Though the property requires modernisation, it presents an excellent opportunity to tailor updates that align with your personal tastes. The generous parking area is a standout aspect, accommodating up to four vehicles — a rare feature in this sought-after neighborhood. Located within close proximity to local amenities and schools, this residence is perfect for families and commuters alike, thanks to its strong transport links. This property serves as a blank canvas for those with vision and creativity, combining an advantageous location with extensive transformation possibilities.

Investment Analysis

(CO4 area)

Below Market Value

This property is priced -20.9% below area average per sq ft

-20.9%
Potential saving
This Property
£268/sq ft
Area Average
£338/sq ft
Avg Rent (weekly)
£335
Avg Yield
5.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£486,458
10% above area average per sq ft
Potential ROI
+21.6%
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

Craven Drive, 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
£1,240
Based on a loan of £262,500 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.

Stamp Duty Calculator

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