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 work2-bedroom bungalow · CO4 3HL
Sold STCListed 446 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
**Guide Price £290,000 - £300,000** Salary Close – North Colchester – CO4 A well-presented two-bedroom semi-detached bungalow, ideally located in North Colchester close to a range of amenities, shops, and convenient bus links to the city centre.
This home offers stylish single-level living throughout.
The accommodation includes an entrance porch, perfect for coats and shoes, a spacious living room with feature fireplace, and a tasteful shaker-style kitchen with space for appliances.
There are two double bedrooms, with one currently used as a dining room, plus the added benefit of a conservatory and a modern shower room.
Outside, the property boasts a garage and off-road parking on a private driveway.
The enclosed rear garden features a lawn, shingled seating area ideal for a bistro set, a variety of hedges and plants, access to the garage, and secure side access to the front.
Viewings available by appointment only via Michaels Property Consultants.
Entrance Porch Living Room 13' 11" x 13' 11" (4.24m x 4.24m) Kitchen 12' 8" x 7' 1" (3.86m x 2.16m) Bathroom 6' 10" x 7' 1" (2.08m x 2.16m) Bedroom Two/Dining Room 10' 8" x 10' 5" (3.25m x 3.17m) Conservatory 9' 8" x 10' 5" (2.95m x 3.17m) Master Bedroom 13' 9" x 10' 7" (4.19m x 3.23m) Garage 17' 8" x 8' 7" (5.38m x 2.62m)
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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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
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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 Salary Close, Colchester, CO4
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