Sold STC Terraced

15 FIRSTORE DRIVE

COLCHESTER, ESSEX CO3 9EA

2 beds 1 baths 700 sq ft Listed 22 Apr 2022 (-1507d)

£240,000

Guide Price

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Main Photo

Main Photo Kitchen Lounge/Diner Lounge/Diner Lounge/Diner Bedroom One Bedroom two Shower Room Outside Agents notes Outside Outside

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Property details

Tenure

FREEHOLD

Floor area

65 m²

EPC rating

C

Last sold

£241,000 Dec 2022

Price per m²

£3,692/m²

Local average

£282,286 (-15%)

Deprivation

Decile 9 (27,240 of 33,755)

Street crime

112 incidents within 1 mile (Mar 2026)

Key features

  • Two bedroom Terraced Property
  • No Onward Chain
  • Situated In The Sought After Area Of Lexden
  • Close to Local Schools, Shops & Amenities
  • Garage & Parking
  • Low Maintenance West Facing Garden
  • Must Be Viewed

Additional details

Parking
Yes
Garden
Yes

Description

*GUIDE PRICE £240,000-£250,000*

Offered for sale with no onward chain, Palmer and Partners are pleased to present to the market this two bedroom terraced property situated in the highly sought after area of Lexden, close to local shops and amenities as well as excellent local schooling and good access to Colchester's historic town centre.
Internally the well-presented accommodation comprises of entrance hallway, kitchen and lounge/dining area on the ground floor, whilst on the first floor are two bedrooms and shower room.
The property is further enhanced by having a low maintenance west facing garden with single garage with parking in front.
With properties in this location highly sought after Palmer and Partners would strongly advise an early internal viewing to avoid disappointment. EPC: C

Listed by

Colchester & Coast

Palmer & Partners

Reference: 122713949

EPC Rating & Upgrade Cost

Current rating: C

Potential rating: B

Inspection date: 24/08/2021

Current heating cost: £393/year

Potential heating cost: £396/year

Est. upgrade cost to C: £9,525

Recommendations

  • Low energy lighting for all fixed outlets (£25)
  • Solar water heating (£4,000 - £6,000)
  • Solar photovoltaic panels, 2.5 kWp (£3,500 - £5,500)

View full EPC on gov.uk

Flood risk

Zone: 1

Risk: Low

Job (default Low)

Floorplans

Floorplan 1

Floorplan 1

Floorplan 2

Floorplan 2

Price history

Event Date Price % change
Sold 12/12/2022 (3 years ago) £241,000 —

Source: HM Land Registry Price Paid Data. Crown copyright.

Sold Comparables

Same street and nearby sales within 0.25 miles (last 5 years). Data from Land Registry Price Paid.

Address Price Date Type
Same street 9 FIRSTORE DRIVE, COLCHESTER, ESSEX, CO3 9EA £310,000 05/07/2024 Detached
Same street 31 FIRSTORE DRIVE, COLCHESTER, ESSEX, CO3 9EA £350,000 26/02/2024 Semi-detached
Same street 47 FIRSTORE DRIVE, COLCHESTER, ESSEX, CO3 9EA £375,000 27/07/2023 Detached
Same street 13 FIRSTORE DRIVE, COLCHESTER, ESSEX, CO3 9EA £226,000 06/04/2023 Terraced
Same street 14 FIRSTORE DRIVE, COLCHESTER, ESSEX, CO3 9EA £495,000 26/10/2022 Detached
Same street 45 FIRSTORE DRIVE, COLCHESTER, ESSEX, CO3 9EA £375,000 19/08/2022 Detached
78 HALSTEAD ROAD, COLCHESTER, ESSEX, CO3 9AF £365,000 21/07/2022 Terraced
Same street 44 FIRSTORE DRIVE, COLCHESTER, ESSEX, CO3 9EA £383,000 17/06/2022 Detached
123 LONDON ROAD, COLCHESTER, ESSEX, CO3 9AW £257,500 02/03/2022 Terraced
65 LONDON ROAD, COLCHESTER, ESSEX, CO3 9AL £235,000 15/11/2021 Terraced
Same street 41 FIRSTORE DRIVE, COLCHESTER, ESSEX, CO3 9EA £390,000 26/10/2021 Detached
32 HALSTEAD ROAD, COLCHESTER, ESSEX, CO3 9AE £275,000 29/09/2021 Terraced
Same street 18 FIRSTORE DRIVE, COLCHESTER, ESSEX, CO3 9EA £295,000 20/07/2021 Detached
Same street 52 FIRSTORE DRIVE, COLCHESTER, ESSEX, CO3 9EA £210,000 25/06/2021 Detached

Street average: £340,900 (10 sales)

Area average: £283,125 (4 sales)

Capital growth trend

Land Registry outcode average: last 12 months vs 5y and 10y ago (from sold prices).

5y growth 9.6%
10y growth -4.2%

House Price Index (HM Land Registry — official index, not sold-price averages): Colchester. Series: Terraced. As of March 2026.

1y (index) 1.3%
5y (index) 15.9%
10y (index) 38.8%

Rental Range

Estimated market rent for Colchester. Low = conservative, Realistic = average, Optimistic = best case.

Low £1,095/mo
Realistic £1,217/mo
Optimistic £1,339/mo

Based on Local Authority from postcode lookup → Colchester.

LHA (30th percentile) floor for Colchester: £793/mo (Apr 2025 – Mar 2026)

Location

Map view View on Google Maps View on OpenStreetMap Street View CO3 9EA

Nearby

Nearest stations, universities and amenities (distance from property).

Type Name Distance
Bus stop Mellor Chase 0.1 miles
Shop ROL Cruise 0.3 miles
Shop Collier & Catchpole 0.3 miles
Train station Colchester 1.9 miles
Hospital Oaks Hospital 2.2 miles
Train station Colchester Town 2.4 miles
Hospital Colchester General Hospital 2.4 miles
University University Quays 3.7 miles
University The Pastures 3.8 miles

Street-level crime

Category Count
Violence and sexual offences 38
Anti-social behaviour 24
Shoplifting 15
Public order 13
Criminal damage and arson 11
Other theft 3
Burglary 2
Possession of weapons 2
Bicycle theft 1
Drugs 1
Other crime 1
Theft from the person 1
Total incidents 112

Within 1 mile during Mar 2026. Source: data.police.uk (England & Wales).

Schools nearby

Nearest open schools with Ofsted ratings (England). Closed schools are not shown. Data from Get Information about Schools and Ofsted.

Name Type Distance Ofsted
Holmwood House School Other 0.3 miles — (No rating)
Lexden Primary School with Unit for Hearing Impaired Pupils Primary 0.3 miles Good — 28 Mar 2014
Home Farm Primary School Primary 0.4 miles Outstanding — 6 Sep 2016
St Teresa's Catholic Primary School, Colchester Primary 0.6 miles Outstanding — 7 Feb 2014
Lexden Springs School Other 0.6 miles Inadequate — 24 Apr 2024

Rental Comparables

Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.

Title Rent Beds Distance As seen on
2 Bed Terraced House, London Road, CO3 £1,300/mo 2 0.13 miles OpenRent

Average rent: £1,300/mo (1 listing)

Rent-driven metrics

Based on OpenRent comparables.

Rent ratio 0.54%
Max investor price (0.8%) £162,500
Target investor price (1%) £130,000
Gross yield 6.5%
Cost-to-rent ratio 15.4×
Monthly cashflow £200/mo 75% LTV, 3.95% APR (5yr fixed), 25yr term
Cash-on-cash ROI 3.4%
  • Rent ratio — Monthly rent ÷ purchase price (1% rule). 1%+ = strong, 0.8–1% = okay, <0.8% = weak for cashflow.
  • Max investor price — Rent ÷ 0.8%; the price at which rent would be 0.8% of price (Stoke-style target).
  • Target investor price — Rent ÷ 1%; the price at which rent would be 1% of price (strong cashflow band).
  • Gross yield — Annual rent as % of purchase price (no costs).
  • Cost-to-rent — Price ÷ annual rent (from OpenRent comparables). Under 14× = strong, 14–16× = acceptable, 17×+ = compressed.
  • Cashflow — Rent minus mortgage, 10% maintenance, £25/mo compliance. Assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term.
  • ROI — Annual profit ÷ cash in (deposit + 4% purchase costs).