3-bedroom semi-detached house · CO4 6DQ
Let agreedReduced £55 (−3.1%) on 10 OctListed 43 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A well presented three bedroomed semi-detached house, located in a quiet cul-de-sac with no through traffic and pleasantly situated for woodland walks, as well as being close Chesterwell Plaza.
** AVAILABLE OCTOBER 2026 ** The accommodation comprises:- ENTRANCE HALLWAY – CLOAKROOM – Fitted with a white suite comprising low level wc and hand wash basin.
OPEN PLAN KITCHEN/LIVING ROOM – 28’9 x 16’1 With built-in electric oven and hob with extractor hood over. Integrated dishwasher, washing machine & fridge/freezer.
FIRST FLOOR – BEDROOM ONE – 12’ x 10’8 EN-SUITE SHOWER ROOM – With low level wc, hand wash basin and shower cubicle.
BEDROOM TWO – 10’9 x 8’11 BEDROOM THREE – 10’9 x 7’ FAMILY BATHROOM – With low level wc, hand wash basin and bath. OUTSIDE – The rear garden is mainly laid to lawn with patio entertaining area.
A block paved driveway to the side of the property provides off road parking for several cars.
TERMS - Rental for a period of 12 months initially at £1,750 per calendar month (exclusive of Council Tax, Water and Utilities) with a deposit of £2,019.23 to be paid. Council Tax Band E.
WE REGRET NO SMOKING & EXCELLENT REFERENCES WILL BE REQUIRED. Proof of ID & Residency will also be required. The Tenants will also be responsible for their own contents insurance.
HOLDING DEPOSIT – One weeks rent - £403.84 This is to reserve a property.
Please note: this will be withheld if any relevant person (including a guarantor(s)) withdraw from the tenancy, fail a Right-to-Rent check, provide materially significant false or misleading information, or fail to sign their tenancy agreement (and/or Deed of Guarantee) within 15 calendar days (or other Deadline for Agreement as mutually agreed in writing).
SERVICES - We are advised that the mains services of gas, electricity, water and drainage are connected.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
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 Penny Close, Colchester, Essex, CO4
Explore nearby