# 2 bedroom terraced house for sale (CO3 9EA) ## Property Details | Key | Value | |-----|-------| | Address | 15 FIRSTORE DRIVE, COLCHESTER, ESSEX CO3 9EA | | Price | £240,000 | | Bedrooms | 2 | | Bathrooms | 1 | | Floor area | 65 m² | | Last sold | £241,000 Dec 2022 | ## EPC Rating & Upgrade Cost - **Current rating:** C - **Potential rating:** B - **Current heating cost:** £393/year - **Est. upgrade cost to C:** £9,525 ### Recommendations - E (£25) - N (£4,000 - £6,000) - U (£3,500 - £5,500) [View full EPC on gov.uk](https://find-energy-certificate.service.gov.uk/energy-certificate/2139-8187-2542-8109-8121) ## 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 ## Property Photos - ![Main Photo](/listings/photos/122713949/315473) - Main Photo - ![Kitchen](/listings/photos/122713949/315474) - Kitchen - ![Lounge/Diner](/listings/photos/122713949/315475) - Lounge/Diner - ![Lounge/Diner](/listings/photos/122713949/315476) - Lounge/Diner - ![Lounge/Diner](/listings/photos/122713949/315477) - Lounge/Diner - ![Bedroom One](/listings/photos/122713949/315478) - Bedroom One - ![Bedroom two](/listings/photos/122713949/315479) - Bedroom two - ![Shower Room](/listings/photos/122713949/315480) - Shower Room - ![Outside](/listings/photos/122713949/315481) - Outside - ![Agents notes](/listings/photos/122713949/315482) - Agents notes - ![Outside](/listings/photos/122713949/315483) - Outside - ![Outside](/listings/photos/122713949/315484) - Outside ## Floorplans - ![Floorplan 1](/listings/photos/122713949/315485) - Floorplan 1 - ![Floorplan 2](/listings/photos/122713949/315486) - Floorplan 2 ## Sales History *Recorded sales for this property. Data from Land Registry Price Paid.* | Address | Price | Date | Type | |---------|-------|------|------| | 15 FIRSTORE DRIVE, COLCHESTER, ESSEX, CO3 9EA | £241,000 | 12/12/2022 | Terraced | ## Sold Comparables *Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.* | 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) ## Price vs local average *Outcode + property type (HousePrices, last 2 years).* - **Local average:** £282,286 (14 Terraced, CO3, 2024–2026) - **Deviation:** -15% ## Rental Range *ONS Price Index of Private Rents (Colchester). Low / Realistic / Optimistic = conservative / average / best case.* - **Low:** £1,095/mo - **Realistic:** £1,217/mo - **Optimistic:** £1,339/mo ## LHA (Local Housing Allowance) *VOA 30th percentile rent floor for Colchester (Apr 2025 – Mar 2026).* - **LHA floor (this property size):** £793/mo ## 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)** ## 1% Rule - **Rent ratio:** 0.54% (weak for cashflow) - **Max investor price (0.8%):** £162,500 - **Target investor price (1%):** £130,000 *Monthly rent ÷ price. 1%+ = strong, 0.8–1% = okay, <0.8% = weak. Max investor price = rent ÷ 0.8% (Stoke-style target). Target investor price = rent ÷ 1% (strong cashflow band). Based on OpenRent comparables.* ## Rent-driven metrics *Based on OpenRent comparables (median £1,300/mo).* - **Gross yield:** 6.5% - **Cost-to-rent:** 15.4× - **Monthly cashflow:** £200/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term) - **Cash-on-cash ROI:** 3.4% *Gross yield = annual rent as % of price (no costs). Cost-to-rent = price ÷ annual rent (from OpenRent comparables); under 14× = strong, 14–16× = acceptable, 17×+ = compressed. Cashflow = rent − 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).* ## Price per Square Metre - **£/m²:** £3,692/m² ## Capital growth trend *Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.* - **5y growth:** 14.3% - **10y growth:** -0.3% ## House Price Index (HM Land Registry) *Official index for Colchester; Terraced series; as of March 2026.* - **1y growth (index):** 1.3% - **5y growth (index):** 15.9% - **10y growth (index):** 38.8% ## Flood risk - **Zone:** 1 - **Risk:** Low - **Source:** Job (default Low) [Check long-term flood risk (GOV.UK)](https://check-long-term-flood-risk.service.gov.uk/postcode)