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Gorse Walk, Colchester, CO4

East of England

£150,000

Listed on 09/07/2026

Property details

Bedrooms
2
Type
Maisonette

Description

Located in the sought-after Greenstead area of Colchester, this two-bedroom maisonette presents a compelling opportunity for those looking to invest or embark on a renovation project. The current configuration allows for three bedrooms, but it can be reverted back to its original layout if preferred. The property is in need of complete modernization, making it an ideal canvas for buyers wanting to increase value and personalize their living space. Internally, the home features adaptable living areas, including a potential living room, kitchen, and bathroom. Externally, the property is accompanied by a sizable garden that is currently overgrown but holds great promise for transformation into a desirable outdoor retreat. With proximity to local amenities such as shops, schools, bus services, and the University of Essex, this property is well-positioned for both owner-occupiers and landlords seeking rental potential. Given its renovation requirements and flexible layout options alongside a generously sized garden, this maisonette represents significant investment potential in a convenient location.

Investment analysis

(CO4 area)
Area Average
£338/sq ft
Avg Rent (weekly)
£323
Avg Yield
5.0%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£25,000 - £40,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
48
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (CO4)

Area prices are rising by +3.7% over the last 12 months
3 year growth: +1.3%
5 year growth: +8.2%
Investment Disclaimer: Analysis based on CO4 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

Gorse Walk, Colchester, CO4
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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
£567
Based on a loan of £112,500 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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