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 terraced house · CO1 2QA
Sold STCListed 94 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
OPEN HOUSE SATURDAY 1ST AUGUST : 12NOON to 2PM. ALL OPEN HOUSE VIEWINGS BY PRIOR APPOINTMENT.
We have pleasure in bringing to the market this two bedroom Victorian property set over three floors in the heart of Colchester's city centre.
The property could do with light modernisation but benefits from a large garden and parking with garage. NO CHAIN.
The accommodation with approximate room sizes comprises:- Entrance door to: HALLWAY LOUNGE 10' 5" x 9' 10" (3.18m x 3m) Window to front, feature fireplace, radiator.
BATHROOM WC, wash basin, bath and shower cubicle. FIRST FLOOR BEDROOM ONE 13' 2" x 9' 10" (4.01m x 3m) Window to front, feature fireplace, alcove cupboard.
BEDROOM TWO 10' 5" x 10' 2" (3.18m x 3.1m) Window to rear.
BASEMENT LEVEL KITCHEN 13' 2" x 10' 4" (4.01m x 3.15m) Base and eye level cabinets, work surface with inset sink, space and plumbing for white goods, tiled fireplace with gas fire and back boiler (not tested by Elms Price and Co), window to rear, opening to: DINING AREA 13' 2" x 9' 0" (4.01m x 2.74m) Radiator.
OUTSIDE To the front there is a small garden with wooden fencing and wrought iron gate.
At the rear there is a substantial L-shaped garden which is mainly laid to lawn and surrounded with wooden fencing. Access to garden, garage and parking space via the side lane.
ADDITIONAL INFORMATION Council tax band : B. Local authority : Colchester City Council. Energy rating : D.
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 Priory Street, Colchester
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