Worst House on the Street Logo
Distillery Lane, Colchester, CO2 - Image 1
Distillery Lane, Colchester, CO2 - Image 2
Distillery Lane, Colchester, CO2 - Image 3
Distillery Lane, Colchester, CO2 - Image 4
Distillery Lane, Colchester, CO2 - Image 5
Distillery Lane, Colchester, CO2 - Image 6
Distillery Lane, Colchester, CO2 - Image 7
Distillery Lane, Colchester, CO2 - Image 8
Distillery Lane, Colchester, CO2 - Image 9
Distillery Lane, Colchester, CO2 - Image 10
Distillery Lane, Colchester, CO2 - Image 11

Distillery Lane, Colchester, CO2

East of England

£450,000
Listed on 12/02/2026

Property Details

Bedrooms
3
Type
Detached house

Description

Nestled in a tranquil, lesser-trodden area, this three-bedroom detached bungalow presents an excellent opportunity for those seeking a renovation project. Set on an expansive plot of nearly a third of an acre, the property is conveniently located near local shopping amenities and offers easy access to the city center. The entrance porch leads into a hall that features access to the loft and a useful airing cupboard, ideal for creating additional storage solutions. The living room boasts a traditional York stone fireplace and double-glazed patio doors that open directly to the garden, providing potential for modern updates or enhancements. A connecting door opens to a versatile study/home office space. There is also a separate dining room which could serve as a third bedroom, complemented by two further generously sized bedrooms. The bathroom includes basic fixtures such as a panel bath and wash basin, affording scope for complete refurbishment. The kitchen is functional but dated, featuring some built-in cabinetry and a gas boiler alcove; it provides ample opportunity for reconfiguration to suit contemporary tastes. Externally, the property benefits from off-road parking leading to a double-width garage with convenient front and rear access points. The sizeable rear garden extends approximately 90ft in depth with established plant borders that are ready to be revitalized or redesigned. This property not only caters to immediate needs but also holds significant potential for value enhancement through thoughtful renovations. With its quiet setting yet proximity to urban conveniences, it invites both investors and homeowners alike.

Investment Analysis

(CO2 area)
Area Average
£319/sq ft
Avg Rent (weekly)
£275
Avg Yield
5.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£40,000 - £60,000
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
25%
Properties sold annually

Local Market Trend (CO2)

Area prices are falling by -2.8% over the last 12 months
3 year growth: +0.9%
5 year growth: +17.5%
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

Distillery Lane, Colchester, CO2
Loading map...

Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,623
Based on a loan of £337,500 over 30 years at 4.06% 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

Explore services to help you with this property purchase.

Get help with this property

Financing, surveys and more – choose a service and we’ll connect you with our trusted partners.

Allcott Associates