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Heath Road, Colchester

East of England

£425,000

Listed on 22/06/2026

Property Details

Bedrooms
3
Type
Detached
Area
1199 sqft

Description

This unique property, nestled in the desirable Lexden area, presents a wealth of potential for renovation and investment. Set on a generous plot with ample space, it boasts an adaptable layout ideal for modern living. The welcoming entrance leads into a spacious living room that connects seamlessly with additional utility spaces, including a fitted kitchen/diner and a bright garden room that overlooks the expansive garden. The upper floor features two well-sized double bedrooms along with a family bathroom, all rich in character thanks to original features such as oak panelling and traditional quarry tile flooring. The outdoor space is particularly noteworthy; featuring extensive off-road parking and a substantial rear garden of nearly a quarter of an acre that offers significant possibilities for extensions or further development. Its prime location ensures both tranquility and convenience, with easy access to local amenities and highly regarded schools, making this property an excellent opportunity for both families and investors looking to create their dream home.

Investment Analysis

(CO3 area)

Above Market Value

This property is priced 0.0% above area average per sq ft

0.0%
This Property
£354/sq ft
Area Average
£355/sq ft
Avg Rent (weekly)
£270
Avg Yield
3.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£40,000 - £60,000
Target Value
£467,616
10% above area average per sq ft
Potential ROI
-3.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
35
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (CO3)

Area prices are falling by -3.4% over the last 12 months
3 year growth: -2.6%
5 year growth: +9.0%
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

Heath Road, Colchester
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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
£1,606
Based on a loan of £318,750 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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