# 2 bedroom bungalow for rent (CO5 8JB)

## Property Details

| Key | Value |
|-----|-------|
| Address | 2 MELROSE ROAD, COLCHESTER, WEST MERSEA, ESSEX CO5 8JB |
| Price | £1,400 pcm |
| Bedrooms | 2 |
| Bathrooms | 1 |
| Council tax | D |
| Last sold | £285,000 Dec 2019 |

## Description

*INITIAL 12 MONTH TENANCY*

A spacious and well-presented detached bungalow which is situated in the very heart of the popular coastal village of West Mersea. With a host of shops, restaurants and local attractions nearby, the property really is in a prime position. 

The accommodation comprises of a large lounge with steps down to the dining area with direct access out to the rear garden. The modern fitted kitchen is of good size and features some integrated appliances. Both bedrooms are of double size and also benefit from fitted wardrobes. Finally, there is a modern shower room with walk in shower, wash basin and toilet. In addition there is also a WC off of the hallway. Externally there is large laid to lawn rear garden with patio area.. There is also off-road parking on the driveway. The garden storage is not included.

The property is offered unfurnished and is available for occupation in April. Call the Oakheart lettings team for further information.

## Property Photos

- ![399be8b0ef2c5a556cf0eaa19d106f8ee2917d43.jpg](/listings/photos/158454797/266246) - 399be8b0ef2c5a556cf0eaa19d106f8ee2917d43.jpg
- ![CAM01254G0-PR0109-STILL004.jpg](/listings/photos/158454797/266247) - CAM01254G0-PR0109-STILL004.jpg
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- ![d559947ac1fd3bb08501c3d57db3501cf8235f3c.jpg](/listings/photos/158454797/266268) - d559947ac1fd3bb08501c3d57db3501cf8235f3c.jpg
- ![CAM01254G0-PR0109-STILL019.jpg](/listings/photos/158454797/266269) - CAM01254G0-PR0109-STILL019.jpg
- ![982f51d18ade45d95da781e12570d94e4cdee1a5.jpg](/listings/photos/158454797/266270) - 982f51d18ade45d95da781e12570d94e4cdee1a5.jpg

## Floorplans

- ![giraffe360_v2_floorplan01_AUTO_00_BROCHURE (13).pn](/listings/photos/158454797/266271) - giraffe360_v2_floorplan01_AUTO_00_BROCHURE (13).pn

## EPC Graphs

- ![EE Rating](/listings/photos/158454797/266272) - EE Rating

## 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 Semi-Detached House, Coast Road, CO5 | £900/mo | 2 | 0.16 miles | OpenRent |
| 2 Bed Flat, Colchester Road, CO5 | £1,100/mo | 2 | 0.62 miles | OpenRent |

**Average rent: £1,000/mo (2 listings)**

## Rent-driven metrics

*Based on OpenRent comparables (median £1,000/mo).*

- **Gross yield:** 857.1%
- **Monthly cashflow:** £869/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 2569.9%

*Gross yield = annual rent as % of price (no costs). 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).*

## 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)