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Wheatfield Road, Stanway, CO3

East of England

£110,000

Listed on 09/07/2026

Property details

Bedrooms
1
Type
Flat
Area
452 sqft

Description

This one-bedroom first-floor apartment presents a significant opportunity for those looking to embark on a renovation project. Offered with no onward chain, it provides a blank canvas for potential homeowners or investors eager to add their personal touch. The property is in need of comprehensive modernisation, enabling buyers to enhance its value significantly upon completion. The layout features a spacious lounge adorned with a bay window that invites natural light, creating an uplifting atmosphere. A separate kitchen awaits a complete overhaul, offering the chance to conceptualise a modern cooking space tailored to contemporary living standards. Additionally, the well-sized double bedroom and shower room require updating, contributing further to the scope for transformation. Residents have access to well-kept communal gardens for relaxation and leisure, alongside communal parking options and ample unrestricted on-street parking available. Located in the desirable Stanway area of Colchester, this apartment is conveniently close to essential amenities including Tollgate Retail Park, which has supermarkets, dining options, and recreational facilities. Its strategic position near the A12 makes commuting straightforward, with Marks Tey railway station providing direct routes into London Liverpool Street. Furthermore, green spaces and parks are easily accessible for outdoor activities. With Colchester's vibrant city centre just a short drive away, offering diverse shopping and cultural experiences, this property combines space with potential in a sought-after location.

Investment analysis

(CO3 area)

Below Market Value

This property is priced -31.6% below area average per sq ft

-31.6%
Potential saving
This Property
£243/sq ft
Area Average
£356/sq ft
Avg Rent (weekly)
£293
Avg Yield
4.0%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£176,779
10% above area average per sq ft
Potential ROI
+21.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
34
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (CO3)

Area prices are stable by -1.7% over the last 12 months
3 year growth: -1.7%
5 year growth: +9.5%
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

Wheatfield Road, Stanway, CO3
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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
£416
Based on a loan of £82,500 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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