Greenstead Road, Colchester, Essex, CO1
East of England
£220,000
Listed on 13/10/2026
Listed on 13/10/2026
The listing
Property details
Bedrooms
3Type
TerracedArea
796 sqftFeatures
- Garden
- Parking
Description
Offered with no onward chain, this three-bedroom terraced house is situated to the east of Colchester, within reach of local schools, shops, everyday amenities, Hythe station, the city centre and the University of Essex. The accommodation includes an entrance hall, a ground-floor bedroom or reception room, a lounge and a galley kitchen with a built-in oven and hob, appliance space and access to the family bathroom. Upstairs are three bedrooms, with the third reached through the principal bedroom. The listing notes that the property would benefit from modernisation and refurbishment. Outside, there is a long rear garden with a patio and lawn, while a front driveway provides off-road parking for one car. The property has an EPC rating of C.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
59out of 100
Grade DWeak opportunity
Confidence: MEDIUM
At £220,000, this is priced below the local average per square foot, giving buyers an opportunity to acquire a three-bedroom terrace with a front driveway and a long rear garden. The photographed rooms are usable but dated, with scope for a light cosmetic refresh; the overgrown garden also offers a straightforward landscaping project. The listing describes a versatile ground-floor room and a third first-floor bedroom accessed through the principal bedroom, so the layout is worth considering in person.
The overall score is still a weak 59/100: after the estimated £6,500–£14,000 of works, the margin against the implied current local average value is modest, rather than a clear-cut value-add. The lounge and bedrooms appear usable, and the available exterior view shows no obvious major failure.
Key opportunities
- Refresh the dated blue kitchen and older bathroom finishes as a light cosmetic project.
- Tidy and landscape the long rear garden, which already has a patio and lawn area.
- Acquire below the local average £/sqf, with a front driveway and versatile ground-floor room adding appeal.
Key risks
None recorded.
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Finance
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Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
Monthly Repayments
£831
Based on a loan of £165,000 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.
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