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Orwell Close, Colchester, Essex CO4

East of England

£215,000
Listed on 12/05/2026

Property Details

Bedrooms
2
Type
Terraced

Description

This two-bedroom terraced house, located in the Parsons Heath area of Colchester, presents a promising opportunity for renovation and investment. Offered without any onward chain, the property requires modernization throughout, making it an ideal project for those looking to add value. The entrance leads into a hall that connects to a spacious lounge with windows at both the front and rear, enhancing natural light. A doorway guides you into the kitchen/diner, equipped with fitted units and essential appliances. Notably, the uPVC conservatory extends from this space and opens directly to the outdoor area, albeit currently needing cultivation. The first floor features a landing illuminated by a double-glazed window and grants access to two well-sized bedrooms—each with built-in wardrobes. The wet room is designed with accessibility in mind but could benefit from updates for improved aesthetics and functionality. Outside, the rear garden is predominantly paved and enclosed, offering potential for landscaping or patio enhancements. Additionally, there is a garage within a block and allocated parking available. Situated in a quiet cul-de-sac, residents enjoy proximity to local shopping conveniences as well as access to primary schools and transport links towards London via the A12.

Investment Analysis

(CO4 area)
Area Average
£337/sq ft
Avg Rent (weekly)
£326
Avg Yield
5.2%

Renovation Potential

Medium 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
52
Average per month
Market Turnover
15%
Properties sold annually

Local Market Trend (CO4)

Area prices are rising by +2.1% over the last 12 months
3 year growth: +1.3%
5 year growth: +8.3%
Investment Disclaimer: Analysis based on CO4 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

Orwell Close, Colchester, Essex CO4
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£767
Based on a loan of £161,250 over 30 years at 3.97% 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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