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Wells Road, Colchester CO1

East of England

£300,000
Listed on 24/03/2026

Property Details

Bedrooms
3
Type
Link Detached

Description

Situated within the desirable Riverside Development, this three-bedroom link-detached home offers a noteworthy opportunity for those looking to invest in a property with significant renovation potential. This spacious residence, while requiring comprehensive updates, features generous living areas and a flexible layout that can be customized to meet modern living standards. The property's location on Wells Road ensures easy access to reputable local schools, the bustling Colchester City Centre, peaceful Castle Park, and Colchester Town Station, providing speedy connections to London Liverpool Street – an appealing option for commuters and families alike. The home is being sold with no onward chain. Upon entering, you are greeted by an inviting hallway that includes useful under-stairs storage and a handy downstairs WC. The bright and airy living room is ideally suited for family gatherings, while the open-plan kitchen and dining area unlocks fantastic potential for creating a contemporary social hub, complete with sliding doors that offer seamless access to the rear garden. Additionally, a conservatory off the kitchen/dining space enhances the ground floor's appeal with direct garden access. The first floor features a landing with loft access and an airing cupboard. The principal bedroom is generously sized and accompanied by another double bedroom that benefits from built-in storage solutions. A third adaptable bedroom is well-proportioned, perfect as a child's room, guest suite or home office space. Completing the upper level is a family bathroom. The outdoor space includes an enclosed rear garden, equipped with both patio seating areas and mature greenery, offering plenty of scope for landscaping or gardening projects. Side access adds convenience to reach the front of the property where there’s potential for expanding driveway parking alongside existing off-road parking leading up to the garage featuring an up-and-over door.

Investment Analysis

(CO1 area)
Area Average
£307/sq ft
Avg Rent (weekly)
£251
Avg Yield
5.5%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£30,000 - £50,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
26
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (CO1)

Area prices are rising by +2.2% over the last 12 months
3 year growth: -5.5%
5 year growth: +11.0%
Investment Disclaimer: Analysis based on CO1 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

Wells Road, Colchester CO1
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£1,063
Based on a loan of £225,000 over 30 years at 3.91% 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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