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Colchester Main Road, Alresford, Colchester, CO7

East of England

£500,000

Listed on 29/05/2026

Property Details

Bedrooms
3
Type
Bungalow
Area
818 sqft

Description

This charming detached bungalow, constructed in the 1920s, is situated on a generous plot of 0.40 acres, providing ample opportunity for transformation or expansion. With the potential to configure up to three double bedrooms alongside one or two reception areas, a family bathroom, and a kitchen, this property presents a canvas for modernization and personal expression. Architectural features such as three bay windows and high ceilings lend character, while traditional internal doors add period charm. Additionally, the property includes an adaptable office/annex space previously utilized as a nursery, featuring a kitchenette and shower room—ideal for home-based professionals or extended family living. The outdoor space is complemented by a detached double garage equipped with an electric roller door and pedestrian access. The extensive gardens offer additional possibilities for landscaping or further development; currently, they include lawn areas, hedges, a shed, and a vegetable garden. Notably, planning consent was previously granted for the construction of a larger home on this site—a testament to its renovation potential. While this planning has lapsed, it illustrates the possibility for expansion subject to reapplication. Located just half a mile from Alresford village centre and approximately six miles east of Colchester City Centre, residents benefit from local amenities including shops and train services to London Liverpool Street. This property holds significant appeal for buyers looking to invest in a project with great scope for future enhancements.

Investment Analysis

(CO7 area)

Above Market Value

This property is priced +74.1% above area average per sq ft

+74.1%
This Property
£611/sq ft
Area Average
£351/sq ft
Avg Rent (weekly)
£330
Avg Yield
4.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£315,830
10% above area average per sq ft
Potential ROI
-45.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
33
Average per month
Market Turnover
6%
Properties sold annually

Local Market Trend (CO7)

Area prices are falling by -3.9% over the last 12 months
3 year growth: -6.7%
5 year growth: +6.7%
Investment Disclaimer: Analysis based on CO7 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

Colchester Main Road, Alresford, Colchester, CO7
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£1,889
Based on a loan of £375,000 over 30 years at 4.45% 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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