1-bedroom semi-detached house · CO3 4AN
For saleListed 253 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
**ASKING PRICE: £240,000** This delightful character cottage, built in 1800’s, occupies a charming position within the sought after location in Lexden.
It combines an attractive blend of traditional features and contempary presentation. Complimented by warm timber-framed doors and windows that enhance its cottage appeal.
There are some lovely parks and woodland in the local area that the current owner enjoys taking her dog out and meets lots of locals on scenic walks!
It’s a short distance from Colchester town centre and train station which means you always have great accessibility to amenities.
There is a pretty walled courtyard garden, designed for easy maintenance with paved area and artificial grass., perfect for a morning cuppa in the sunshine.
There is side access so it would be easy to fill the courtyard with scented pot plants.
In recent years, the owner has rrefurbished the exterior, insulated the property, painted inside and generally maintained the home well.
Lounge 3.78m x 3.12m Kitchen 2.57m x 1.6m Bedroom 3.18m x 2.7m Shower Room Outside Side access leading to courtyard garden at the rear which can also be accessed from the kitchen.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About 7, Spring Lane
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