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Pondfield Road, Colchester, Essex, CO4

East of England

£650,000

Listed on 16/07/2026

Property details

Bedrooms
11
Type
Detached

Description

This freehold investment opportunity comprises six self-contained two-bedroom maisonettes, housed within a spacious building. While the overall structure presents well, it requires modernisation to unlock its full potential, making it an attractive option for investors or developers looking for a refurbishment project. Each of the generously sized apartments features two bedrooms along with essential living spaces, kitchens, and bathrooms. The building’s current state allows for significant improvements that could enhance both rental yields and overall capital value. Additionally, residents can enjoy access to communal gardens, which can be revitalised to create appealing outdoor areas. Located in a strategically convenient area with good transport links and local amenities, this property represents a rare chance to invest in a multi-unit freehold with considerable asset management and development possibilities. Potential buyers are encouraged to schedule viewings to fully grasp the scope of this opportunity.

Investment analysis

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

Renovation Potential

Medium Refurb
Est. Renovation Cost
£100,000 - £150,000
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

Pondfield Road, Colchester, Essex, 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
£2,456
Based on a loan of £487,500 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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