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Wavell Avenue, Colchester, Essex CO2 - Image 1
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Wavell Avenue, Colchester, Essex CO2

East of England

£400,000
Listed on 17/04/2026

Property Details

Bedrooms
3
Type
Semi Detached

Description

This established three-bedroom semi-detached home is set on a generous plot of approximately a quarter of an acre, providing ample opportunity for renovation and enhancement. Although the property is in need of modernization, it boasts a solid structure and promising potential for extension, making it an appealing prospect for buyers looking to invest in a property that they can truly make their own. Upon entering, you are greeted by a hallway featuring built-in storage and access to the first floor, which also includes additional storage space beneath the staircase. The front-facing dining room is spacious and well-lit thanks to its bay window, while the separate sitting room offers a cozy fireplace and French doors leading into a rear lean-to, creating easy access to the expansive garden. The kitchen includes essential work surfaces with cupboards, an inset double drainer sink, and dual aspect windows that invite natural light. Heading upstairs reveals three bedrooms—one equipped with built-in wardrobes—and a bathroom complete with a panelled bath. A separate WC adds convenience. The outdoor space enhances this property's appeal; the front boasts low walling and a concrete driveway that leads to an asbestos garage with double doors. A useful shed complements the setting. The substantial rear garden extends approximately 240ft in depth and features mature trees, shrubs, and diverse plants—an ideal canvas for landscaping improvements or even expansion (subject to planning permission). Located on a quiet no-through road among similar quality homes, this property is conveniently situated near local shops, schools, and the city centre's vibrant offerings including shopping facilities and leisure activities.

Investment Analysis

(CO2 area)
Area Average
£320/sq ft
Avg Rent (weekly)
£282
Avg Yield
5.5%

Renovation Potential

Medium 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
46
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (CO2)

Area prices are falling by -5.5% over the last 12 months
3 year growth: -2.5%
5 year growth: +13.7%
Investment Disclaimer: Analysis based on CO2 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

Wavell Avenue, Colchester, Essex CO2
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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
£1,417
Based on a loan of £300,000 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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