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Fordham Heath, Colchester, Essex CO3

East of England

£400,000

Listed on 07/06/2026

Property Details

Bedrooms
3
Type
Detached Bungalow
Area
900 sqft

Description

This three-bedroom detached bungalow offers significant renovation potential, set on an expansive plot of approximately 0.35 acres. The property features an attic room, which provides the opportunity for expansion or conversion (subject to planning permissions), while also benefiting from a detached garage and tandem parking suitable for multiple vehicles. Inside, the home requires comprehensive modernisation, allowing new owners to tailor the space to their preferences. The entrance hall leads to a sitting room with dual aspect windows and a classic gas fireplace. The Aga kitchen retains its charming character but needs updating, as does the family bathroom. All three bedrooms are generously sized with original elements such as skirting boards and dado rails enhancing their appeal. The garden room, bathed in natural light, opens to well-established gardens that provide privacy and potential landscaping opportunities. This property not only invites personal touches but presents an exciting investment opportunity within a tranquil setting.

Investment Analysis

(CO3 area)

Above Market Value

This property is priced +25.4% above area average per sq ft

+25.4%
This Property
£444/sq ft
Area Average
£355/sq ft
Avg Rent (weekly)
£270
Avg Yield
3.7%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£351,005
10% above area average per sq ft
Potential ROI
-28.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
35
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (CO3)

Area prices are falling by -3.4% over the last 12 months
3 year growth: -2.6%
5 year growth: +9.0%
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

Fordham Heath, Colchester, Essex 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
£1,511
Based on a loan of £300,000 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.

Stamp Duty Calculator

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