2-bedroom terraced house · CO1 1RU
Sold STCListed 282 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Offered with no onward chain is this Victorian city centre house situated within easy reach of North Station and Castle Park. The property has two good size bedrooms and garden.
Ideal first time purchase.
An entrance door leads into the lounge with exposed floorboards, window to the front, cast iron fireplace and alcove storage and shelving leading to the kitchen which has a range of fitted units and work surfaces, built-in oven and hob, sink with mixer taps and stairs to the first floor.
A door leads to an inner lobby which gives access to the lean-to to the side with plumbing for the washing machine and door to the rear garden.
The ground floor bathroom comprises a wash hand basin, WC and panel bath with mixer taps and shower attachment.
On the first floor bedroom one is located to the front with a brick chimney breast feature and alcove cupboards. Bedroom two is located to the rear with an over stairs storage cupboard.
Outside There is a reasonable size garden to the rear which is paved and enclosed by fencing. There is a traditional size garden area to the front enclosed by a brick wall.
Location The property is situated a short distance to Colchester North Station which offers services to London's Liverpool Street.
The city centre offers a varied range of shopping facilities, bars and restaurants and Colchester Castle Park is a short distance away.
The A12 can be accessed London bound for the M25 and there is good primary schooling nearby.
Directions SatNav - postcode CO1 1RU Important Information Council Tax Band – B Services - We understand that mains water, gas, drainage and electricity are connected to the property.
Tenure - Freehold EPC rating – D Our ref - COL260022 Agent's Note The property is currently tenanted. Photographs were taken prior to tenant's occupation and are for guidance purposes only.
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 Albert Street, Colchester, Essex, CO1
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