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Mersea Road, COLCHESTER

East of England

£215,000
Listed on 12/01/2026

Property Details

Bedrooms
2
Type
Detached house

Description

This detached bungalow presents an opportunity for renovation and enhancement, offering potential for those with a vision. Located on a site of approximately 0.127 acres, the property currently features two bedrooms, a reception area, kitchen, and bathroom/WC. The exterior includes off-street parking and a rear garden that could be transformed into an inviting outdoor space. Situated in a convenient area close to transport links and local amenities in Colchester, this property is ripe for modernisation with possibilities for redevelopment or extension, subject to planning permissions. Its full vacant possession gives buyers the freedom to act on their renovation ideas without delay.

Investment Analysis

(CO2 area)
Area Average
£318/sq ft
Avg Rent (weekly)
£279
Avg Yield
5.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
35
Average per month
Market Turnover
20%
Properties sold annually

Local Market Trend (CO2)

Area prices are stable by +1.3% over the last 12 months
3 year growth: 2.0%
5 year growth: 20.5%
Investment Disclaimer: Analysis based on CO2 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

Mersea Road, COLCHESTER
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£788
Based on a loan of £161,250 over 30 years at 4.19% 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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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE