# 2 bedroom detached bungalow for sale (CO3 9EA)

## Property Details

| Key | Value |
|-----|-------|
| Address | 48 FIRSTORE DRIVE, COLCHESTER, ESSEX CO3 9EA |
| Price | £174,995 |
| Bedrooms | 2 |
| Bathrooms | 1 |
| Last sold | £174,995 May 2015 |

## Description

A great opportunity to acquire this two bedroom detached bungalow that is perfect for retired or for some one who is just simply moving down market.

The previous owner to this enjoyed 25 years here and we think the next owner will do the same.

With garden views backing to Woodland and tucked in this perfect little Cul de Sac, its a must have home.

There a little amount of work to be done but its clean/tidy and you can move in straight away as No Onward Chain is offered.

Bungalows are in short supply so you better move quick to grab this one.

## Property Photos

- ![Photo](/listings/photos/48170977/315629)
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- ![Photo](/listings/photos/48170977/315643)
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- ![Photo](/listings/photos/48170977/315652)
- ![Photo](/listings/photos/48170977/315659)
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- ![Photo](/listings/photos/48170977/315679)
- ![Photo](/listings/photos/48170977/315688)

## Floorplans

- ![Floorplan 1](/listings/photos/48170977/315696) - Floorplan 1
- ![Floorplan 2](/listings/photos/48170977/315706) - Floorplan 2

## FENSA Certificates

This property has 2 FENSA certificate(s) on record.

### FENSA Certificate #8017981
- **Address:** 48 Firstore Drive, COLCHESTER, CO3 9EA
- **Certificate Issued:** 14/03/2011
- **Work Completed:** 24/02/2011
- **Items:** 5 window(s), 2 door(s)

### FENSA Certificate #8040188
- **Address:** 48 Firstore Drive, COLCHESTER, CO3 9EA
- **Certificate Issued:** 14/03/2011
- **Work Completed:** 07/03/2011
- **Items:** 1 door(s)

## Sales History

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

| Address | Price | Date | Type |
|---------|-------|------|------|
| 48 FIRSTORE DRIVE, COLCHESTER, ESSEX, CO3 9EA | £174,995 | 29/05/2015 | 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 |
| 91 LONDON ROAD, COLCHESTER, ESSEX, CO3 9AN | £465,000 | 01/06/2023 | Detached |
| [Same street] 13 FIRSTORE DRIVE, COLCHESTER, ESSEX, CO3 9EA | £226,000 | 06/04/2023 | Terraced |
| 5 TUSSET MEWS, COLCHESTER, ESSEX, CO3 9EB | £395,000 | 19/12/2022 | Detached |
| [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 |
| 36 HALSTEAD ROAD, COLCHESTER, ESSEX, CO3 9AE | £435,000 | 26/08/2022 | Detached |
| [Same street] 45 FIRSTORE DRIVE, COLCHESTER, ESSEX, CO3 9EA | £375,000 | 19/08/2022 | Detached |
| 2 BEAVER CLOSE, COLCHESTER, ESSEX, CO3 9DZ | £475,000 | 03/08/2022 | Detached |
| [Same street] 44 FIRSTORE DRIVE, COLCHESTER, ESSEX, CO3 9EA | £383,000 | 17/06/2022 | Detached |
| 4 BRIAN CADMAN GARDENS, COLCHESTER, ESSEX, CO3 9FJ | £715,000 | 10/06/2022 | Detached |
| 7 TUSSET MEWS, COLCHESTER, ESSEX, CO3 9EB | £390,000 | 15/12/2021 | Detached |
| 2 BRIAN CADMAN GARDENS, COLCHESTER, ESSEX, CO3 9FJ | £550,000 | 10/11/2021 | Detached |
| [Same street] 41 FIRSTORE DRIVE, COLCHESTER, ESSEX, CO3 9EA | £390,000 | 26/10/2021 | Detached |
| [Same street] 18 FIRSTORE DRIVE, COLCHESTER, ESSEX, CO3 9EA | £295,000 | 20/07/2021 | Detached |
| 49 LONDON ROAD, COLCHESTER, ESSEX, CO3 9AJ | £650,000 | 30/06/2021 | Detached |
| 11 MELLOR CHASE, COLCHESTER, ESSEX, CO3 9BN | £320,000 | 30/06/2021 | Detached |
| [Same street] 52 FIRSTORE DRIVE, COLCHESTER, ESSEX, CO3 9EA | £210,000 | 25/06/2021 | Detached |

**Street average:** £331,818 (11 sales)
**Area average:** £488,333 (9 sales)

## Price vs local average

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

- **Local average:** £471,273 (53 Detached, CO3, 2024–2026)
- **Deviation:** -62.9%

## 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:** 0.74% (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:** 8.9%
- **Cost-to-rent:** 11.2×
- **Monthly cashflow:** £456/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 10.8%

*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:** 3.2%
- **10y growth:** 22.5%

## House Price Index (HM Land Registry)

*Official index for Colchester; Detached series; as of March 2026.*

- **1y growth (index):** 1.7%
- **5y growth (index):** 15.1%
- **10y growth (index):** 35%

## 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)