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Shakespeare Road, Colchester

East of England

£400,000

Listed on 26/05/2026

Property Details

Bedrooms
4
Type
Detached
Area
1282 sqft

Description

Nestled in the popular CO3 area of Colchester, this expansive three-bedroom residence offers a prime opportunity for those looking to invest in a property ripe for modernisation. With ample living space spread over two levels, the home invites creativity and personal touches throughout its layout. Upon entry, you are greeted by a hallway leading to a convenient ground floor WC and direct access to the integral garage, which presents options for storage or even conversion, pending appropriate permissions. The first floor features a bright and spacious living room that benefits from abundant natural light, complemented by a separate kitchen and an additional reception room that can easily be adapted into a dining area, home office, or family room according to your needs. This property also boasts three generously sized bedrooms and a family bathroom, all offering significant potential for updates that reflect modern tastes and lifestyle requirements. Outside, the front garden includes a driveway with parking capacity for several vehicles, as well as the integral garage. The rear garden is mature and tiered, providing both a substantial outdoor area and further potential for landscaping or enhancements. Located conveniently close to essential amenities, well-regarded schools, and transport routes, this home represents an exciting renovation project within one of Colchester's most desirable neighbourhoods.

Investment Analysis

(CO3 area)

Below Market Value

This property is priced -12.5% below area average per sq ft

-12.5%
Potential saving
This Property
£312/sq ft
Area Average
£357/sq ft
Avg Rent (weekly)
£274
Avg Yield
3.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £40,000
Target Value
£503,089
10% above area average per sq ft
Potential ROI
+14.3%
After renovation
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
14%
Properties sold annually

Local Market Trend (CO3)

Area prices are falling by -3.3% over the last 12 months
3 year growth: -2.5%
5 year growth: +9.4%
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

Shakespeare Road, Colchester
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£1,427
Based on a loan of £300,000 over 30 years at 3.97% 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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