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Prettygate, Colchester

East of England

£325,000

Listed on 21/07/2026

Property details

Bedrooms
2
Type
Detached Bungalow

Description

This two-bedroom detached bungalow, located in the desirable Prettygate area, offers an exciting prospect for those looking to invest in a renovation project. The spacious layout begins with a welcoming hallway that connects to all essential rooms. The lounge is particularly noteworthy, featuring dual-aspect windows and a charming bay window that invites plenty of natural light. The principal bedroom overlooks the rear garden, providing a peaceful retreat, while the second bedroom can adapt to various needs—be it for guests or as a home office. The property has undergone some modernisation with the bathroom transformed into a sleek shower room; however, further updates throughout will maximize its potential. The kitchen remains in reasonable condition and is functional with good storage and workspace, complemented by a lean-to that could serve as additional utility space. Outside, both front and rear gardens offer scope for landscaping or outdoor leisure activities, alongside off-road parking leading to a single garage. This bungalow's requirement for comprehensive updating presents an excellent opportunity for buyers to imprint their style and preferences on this sought-after property situated close to local amenities and transport links.

Investment analysis

(CO3 area)
Area Average
£356/sq ft
Avg Rent (weekly)
£293
Avg Yield
4.0%

Renovation Potential

Medium 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
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

Prettygate, 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
£1,228
Based on a loan of £243,750 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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