# 2 bedroom end of terrace house for sale (CO3 9EA)

## Property Details

| Key | Value |
|-----|-------|
| Address | 38 FIRSTORE DRIVE, COLCHESTER, ESSEX CO3 9EA |
| Price | £159,995 |
| Bedrooms | 2 |
| Last sold | £152,000 Dec 2010 |

## Description

**SUMMARY**

This property is a well presented two double bedroom end terrace house situated in the popular area of Lexden. The property benefits from lounge, kitchen, upvc conservatory, two double bedrooms and modern fitted family bathroom. Externally there is an enclosed rear garden, garage & parking.

**DESCRIPTION**

.

**Upvc Entrance Door To:** 

**Lounge** 16' 10" x 12' 8" ( 5.13m x 3.86m )

Upvc window to front, two radiators, laminate flooring, stairs to first floor, door to:

**Kitchen** 12' 7" x 9' 5" ( 3.84m x 2.87m )

Eye and base level units, roll top work surfaces, stainless steel single drainer sink unit with mixer tap and tiled splashback, spaces for cooker + dishwasher + washing machine + fridge/freezer, fitted larder cupboard, radiator, open to:

**Upvc Conservatory** 12' 8" x 9' 2" ( 3.86m x 2.79m )

Upvc door to side leading to garden, wall mounted electric heater.

**First Floor Accommodation** 

**Landing** 

Loft access, doors to:

**Bedroom One** 10' 2" x 9' 5" ( 3.10m x 2.87m )

Upvc window to rear, radiator, cupboard housing hot water cylinder, double built-in wardrobe with mirror fronted sliding doors.

**Bedroom Two** 10' 5" x 9' 2" ( 3.18m x 2.79m )

Upvc window to front, radiator, treble built-in wardrobe with mirror fronted sliding doors.

**Bathroom** 

Upvc obscure window to side, low level w.c., vanity wash hand basin, paneled bath with shower over and foldaway screen, heated towel rail, tiled flooring, fully tiled walls.

**Outside** 

**Front** 

Paved pathway to front door. The remainder is laid to bark with paving slabs.

**Rear** 

The rear garden is laid to patio with synthetic grass and timber summer house, all enclosed by paneled fencing.

**Garage** 

There is a garage in a block with up and over door.

**DIRECTIONS**

From Colchester's town centre proceed down North Hill, turn left onto Middleborough, at the roundabout take the first exit onto Balkerne Hill, at the roundabout take the fourth exit onto Southway, continue to follow A1124, slight right at Halstead Road, take the first right onto Mellor Chase, take the first right onto Firstore Drive.

1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.

2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.

3. Measurements: These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.

4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.

5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

## Property Photos

- ![Photo](/listings/photos/27918913/315670)
- ![Photo](/listings/photos/27918913/315683)
- ![Photo](/listings/photos/27918913/315695)
- ![Photo](/listings/photos/27918913/315698)
- ![Photo](/listings/photos/27918913/315700)
- ![Photo](/listings/photos/27918913/315702)
- ![EPC](/listings/photos/27918913/315704) - EPC

## FENSA Certificates

This property has 1 FENSA certificate(s) on record.

### FENSA Certificate #6120895
- **Address:** 38 Firstore Drive, COLCHESTER, CO3 9EA
- **Certificate Issued:** 10/11/2008
- **Work Completed:** 14/10/2008
- **Items:** 1 door(s)

## Sales History

*Recorded sales for this property. Data from Land Registry Price Paid.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| 38 FIRSTORE DRIVE, COLCHESTER, ESSEX, CO3 9EA | £152,000 | 16/12/2010 | Semi-detached |

## 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] 15 FIRSTORE DRIVE, COLCHESTER, ESSEX, CO3 9EA | £241,000 | 12/12/2022 | 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 |
| 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:** £331,818 (11 sales)
**Area average:** £291,667 (3 sales)

## Price vs local average

*Outcode + property type (HousePrices, last 2 years).*

- **Local average:** £282,286 (14 Terraced, CO3, 2024–2026)
- **Deviation:** -43.3%

## 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 | 0.21 miles | OpenRent |

**Average rent: £1,300/mo (1 listing)**

## 1% Rule

- **Rent ratio:** 0.81% (okay)
- **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:** 9.8%
- **Cost-to-rent:** 10.3×
- **Monthly cashflow:** £515/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 13.3%

*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).*

## Capital growth trend

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

- **5y growth:** 11%
- **10y growth:** 16.6%

## 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)