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See how verdicts work3-bedroom bungalow · CO2 9FQ
For saleReduced £15k (−2.8%) on 29 SepListed 48 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Occupying an excellent position within easy reach of local shopping facilities and access to the mainline railway station a high quality three bedroom link detached bungalow offering a tastefully presented interior, attractive garden, garage and parking.
Entrance door to entrance hall with large built in cupboard housing the gas boiler.
Very much the focal point of this appealing bungalow is the open plan kitchen/living area providing a wonderful space for dining and entertaining, having bi fold doors opening out onto the rear garden.
The kitchen area is fitted in a range of high quality units with a number of integrated appliances including built in double oven and grill, wine fridges, fridge and freezer, dishwasher, washing machine and four ring hob with cooker hood over.
There is a door giving access to the large garage with up and over door, power and light points connected, rear personal door.
Bedroom one is a large double bedroom with en suite shower room comprising large shower cubicle, wash basin, low level WC and heated towel rail.
There are two additional well proportioned bedrooms, one of which is currently in use as an office, and there is a spacious bathroom comprising panelled bath, wash basin, low level WC and part tiled walls.
Outside The property is situated at the end of Discovery Drive and the front garden has attractive flowerbeds with driveway to one side providing off road parking and giving access to the garage.
The pleasant rear garden is mainly lawn with flowerbeds, enclosed by timber fencing and there are attractive patio areas ideal for alfresco dining and entertaining.
Location The property occupies an excellent position within easy reach of both Tollgate Retail Park, Stane Retail Park and Colchester city centre with their excellent shopping and recreational amenities.
For the commuter both Colchester and Marks Tey Railway stations are within easy reach as is the A12 dual carriageway. Directions Please use postcode CO2 9FQ for Satnav.
Important Information Council Tax Band - E Services - We understand that mains water, drainage, gas and electricity are connected to the property. Tenure - Freehold.
EPC Rating - B Ref - COL260775/gb Agents note; We are advised by the vendor that there is an annual management fee of approximately £406.
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, Discovery Drive, Essex
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