We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work4-bedroom house · CO7 9DL
Listing removedListed 136 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Alma Street, Lower Wivenhoe - Guide Price of £450,000 to £475,000.
A rare opportunity to purchase this stunning character filled grade II listed four-bedroom home offering living accommodation over four floors and fabulous roof terrace views.
Located in sought-after lower Wivenhoe within minutes of all the local amenities including train station with fast links to London Liverpool Street in just over the hour, excellent local pubs and restaurants and of course the waterfront and quayside.
With historic original features highlights including three fireplaces, two generous reception rooms with high ceilings, kitchen with separate pantry, wet room, two further bathrooms, four bedrooms, roof terrace, courtyard garden, garage and parking space.
Viewing highly advised to visit prominent and charming home nestled in The Sunday Times Place To Live In the East Of England 2024.
Entrance Hall 13' 09" x 2' 11" (4.19m x 0.89m) Wooden front door, stairs rising to first floor, doors leading to: Lounge 11' 05" x 10' 07" (3.48m x 3.23m) Window to front, fireplace with wood surround and tiled hearth, alcove storage, door to.
Wet Room 9' 01" x 4' 01" (2.77m x 1.24m) Window to rear, low level WC, shower and wash hand pedestal basin.
Dining Room 13' 03" x 13' 0" (4.04m x 3.96m) French doors and beautiful large windows to the front and side, wood floor, fireplace with marble surround and hearth, doors leading to the cellar and kitchen.
Kitchen 13' 10" x 13' 0" (4.22m x 3.96m) Narrowing to 8'05.
Tiled floor, windows to rear, arched window to side and stable wooden door opening onto the courtyard garden, fitted kitchen including a range of oak base units, solid oak worktops, space for range style cooker, inset butler ceramic sink Pantry 7' 05" x 6' 11" (2.26m x 2.11m) Pantry storage, tiled floor Landing Airing cupboard and storage cupboard, door housing 2nd floor staircase, doors leading to: Bedroom 1 16' 3" x 11' 5" (4.95m x 3.48m) Sash windows, and arched windows to front and side, fireplace, space for double bed.
Bedroom 12' 09" x 11' 0" (3.89m x 3.35m) Sash window to side, fireplace Bedroom 2 8' 06" x 8' 06" (2.59m x 2.59m) Sash window to side.
Bathroom Low level WC, wash hand basin, freestanding bath, panelling.
Master Bedroom 19' 11" x 9' 7" (6.07m x 2.92m) French doors to side open on to roof terrace with amazing views, window to side, open plan bathroom, eaves and vaulted celling, opening onto the dressing room.
Dressing Room 10' 03" x 5' 02" (3.12m x 1.57m) Eaves storage. En Suite 9' 03" x 9' 06" (2.82m x 2.90m) Window to side, low level WC, free standing bath, wash hand basin.
Cellar Tiled floor, space used as utility area and white goods, good head height and useful space.
Courtyard Garden A courtyard private garden, retained by fencing and brick wall, with gated side access and storage. Garage A separate garage and parking space in front.
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
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FAQ
About 2, Alma Street, Colchester
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