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 · CO2 7ER
Sold STCListed 304 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
***GUIDE PRICE £220,000 - £250,000*** This Victorian home has a lovely position and connects well to Colchester Town Station for commuters.
Colchester City offers everything you could want from shopping to restaurants and cafes to bars.
There are many historic places of interest such as Colchester Castle which combines well with more modern pursuits such as the Mercury Theatre.
With two reception rooms and a good sized kitchen, there is plenty of space to entertain friends or just cozy up in the evening. There are two double bedrooms to the first floor as well as a bathroom.
The rear garden provides a pretty space to relax in the warmer months and low maintenance throughout the winter. This would be a great Investment purchase.
Entrance Lounge 3.58m x 3.43m Dining Room 2.87m x 2.64m Landing Kitchen 3.8m x 1.85m Bedroom 1 3.56m x 3.43m Bedroom 2 2.9m x 2.7m Outside To the front is a wall enclosed front garden with tiled path.
To the rear there is a path the length of the garden with lawned area and rear access.
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
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 starting price
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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.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 Lucas Road, Colchester, Essex
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