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Norfolk Crescent, Colchester, Essex CO4

East of England

£260,000

Listed on 13/06/2026

Property Details

Bedrooms
2
Type
Bungalow
Area
919 sqft

Description

Presenting a two-bedroom detached bungalow situated to the north of Colchester's historic city center, this property is offered for sale with no onward chain. The location boasts excellent accessibility to local schools, shopping facilities, and amenities, alongside convenient transport links to the A12 and nearby North Station, which provides direct services into London Liverpool Street. While the accommodation offers a solid foundation consisting of an entrance porch, a lounge featuring a fireplace, a kitchen with direct access to the garden, and a hallway connecting the two bedrooms and bathroom, it is clear that modernisation and refurbishment are required throughout. This presents a valuable opportunity for buyers looking to invest in property enhancements. Externally, the rear garden includes a patio area accessed by steps, with the remaining space laid out as lawn bordered by various shrubs and hedges. The front of the property features off-road parking via a driveway leading to the garage. Viewing is highly recommended for those interested in unlocking this property's full potential.

Investment Analysis

(CO4 area)

Below Market Value

This property is priced -16.4% below area average per sq ft

-16.4%
Potential saving
This Property
£283/sq ft
Area Average
£338/sq ft
Avg Rent (weekly)
£326
Avg Yield
5.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£342,139
10% above area average per sq ft
Potential ROI
+16.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
50
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (CO4)

Area prices are stable by +1.9% over the last 12 months
3 year growth: +0.3%
5 year growth: +7.9%
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

Norfolk Crescent, Colchester, Essex CO4
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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
£982
Based on a loan of £195,000 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.

Stamp Duty Calculator

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