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Ilex Close, Colchester

East of England

£190,000Guide Price

Listed on 02/07/2026

Property details

Bedrooms
3
Type
Terraced
Area
842 sqft

Description

This three-bedroom terraced house in the sought-after Shrub End area of Colchester presents an excellent opportunity for anyone looking to undertake a renovation project. While the property requires significant refurbishment throughout, it offers a blank slate to craft a living space that aligns with personal style and modern standards. The spacious lounge and fitted kitchen provide a solid foundation, while the generously sized bedrooms and private rear garden add further appeal. Conveniently located near local schools, amenities, and transport links, this home is poised for transformation into a desirable family residence. The potential for adding value through thoughtful renovations makes this property particularly attractive to investors and developers alike.

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Investment analysis

(CO2 area)

Below Market Value

This property is priced -27.9% below area average per sq ft

-27.9%
Potential saving
This Property
£226/sq ft
Area Average
£313/sq ft
Avg Rent (weekly)
£280
Avg Yield
5.4%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£289,993
10% above area average per sq ft
Potential ROI
+20.8%
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
11%
Properties sold annually

Local Market Trend (CO2)

Area prices are falling by -2.6% over the last 12 months
3 year growth: -2.8%
5 year growth: +16.5%
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

Ilex Close, 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
£718
Based on a loan of £142,500 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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