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Shakespeare Road, Colchester CO3

East of England

£400,000

Listed on 30/05/2026

Property Details

Bedrooms
4
Type
Detached
Area
1282 sqft

Description

This three-bedroom residence located in the desirable CO3 area of Colchester presents a remarkable opportunity for those looking to invest in a property ripe for modernisation. Spanning two floors, it offers a variety of spacious living areas that can be tailored to meet contemporary family needs. Upon entering, you are greeted by a practical hallway leading to a ground floor WC and access to an integral garage, which opens possibilities for conversion or additional storage solutions. The first floor features a bright living room and a separate kitchen, alongside an adaptable reception room that could easily serve as a dining area, home office, or informal lounge. The three generously sized bedrooms and the family bathroom provide significant potential for updates to reflect personal tastes and enhance comfort. Outside, the front garden with driveway allows off-road parking for several vehicles, while the mature tiered rear garden offers ample space for landscaping or outdoor entertainment. This property is conveniently located near essential amenities, reputable schools, and transport links, making it an attractive prospect for renovation in one of Colchester’s most sought-after locations.

Investment Analysis

(CO3 area)

Below Market Value

This property is priced -12.0% below area average per sq ft

-12.0%
Potential saving
This Property
£312/sq ft
Area Average
£355/sq ft
Avg Rent (weekly)
£270
Avg Yield
3.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£499,986
10% above area average per sq ft
Potential ROI
+11.1%
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

Shakespeare Road, Colchester 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.

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