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Greystones Close, Colchester CO3 - Image 1
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Greystones Close, Colchester CO3

East of England

£450,000
Listed on 15/10/2025

Property Details

Bedrooms
4
Type
Detached house

Description

Nestled within a tranquil cul-de-sac off Shrub End Road, this spacious detached house offers significant renovation and investment potential. With four bedrooms and four reception rooms, the property provides a versatile canvas for those looking to create their ideal living space or enhance its market value. As you enter, the welcoming entrance hall leads to a well-sized kitchen that serves as the central hub of the home. Measuring 13'10" x 8'10", it is ideally situated next to multiple living areas, making it perfect for both everyday activities and entertaining guests. Adjacent to the kitchen, a practical reception room (16'1" x 8'0") can easily adapt to your needs as a playroom, home office, or secondary lounge. The ground floor also includes a convenient utility room for laundry and additional storage, along with a useful ground floor WC. Flowing from the kitchen is a dining room (4.92m x 2.87m) that connects seamlessly to a bright conservatory at the rear of the house. This area not only provides beautiful garden views but also serves as an excellent spot for morning coffee or relaxation. The expansive sitting room measures approximately 20'4" x 14'7" and features dual-aspect windows that flood the space with natural light—ideal for family gatherings or quiet evenings in. Also on the ground floor, there’s a spacious bedroom (15'0" x 8'9") off a private hall with built-in cupboards and an adjacent full bathroom, offering flexibility for guest accommodations or multi-generational living. Upstairs, you’ll find three more bedrooms along with shared facilities that include a shower room and separate WC—practical for busy family mornings. The main bedroom (14'7" x 10'11") is substantial and benefits from ample storage options, while another generously sized bedroom (12'4" x 12'0") features dual aspect windows and fitted wardrobes. Stepping outside reveals a garden thoughtfully designed for privacy with lawn spaces softened by shrub borders. A patio area invites outdoor dining and leisure activities, making it an enjoyable extension of indoor living. For those keen on gardening or requiring additional storage space, several sheds are scattered throughout the property alongside a charming greenhouse. Ample off-road parking is available at the front of the house, accommodating multiple vehicles conveniently. Located in the family-friendly Prettygate area of Colchester, this property benefits from proximity to good schools, local shops, and green spaces.

Investment Analysis

(CO3 area)
Area Average
£361/sq ft
Avg Rent (weekly)
£294
Avg Yield
4.3%

Renovation Potential

Light Refurb
Est. Renovation Cost
£15,000 - £25,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
40
Average per month
Market Turnover
17%
Properties sold annually

Local Market Trend (CO3)

Area prices are stable by +1.0% over the last 12 months
3 year growth: 2.6%
5 year growth: 18.6%
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

Greystones Close, Colchester CO3
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,648
Based on a loan of £337,500 over 30 years at 4.19% 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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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE