4-bedroom house · CO5 7QL
For saleListed 92 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
**guide price £550,000 - £600,000** An opportunity to acquire a substantial four/five bedroom detached family house offering a spacious and tastefully presented interior, large garden and substantial garage/workshop, outside studio and an additional building which could be ideal as a gym or home office.
Door to entrance hall/study with cloaks space and door to living room, a lovely room with dual aspect windows, central fireplace with log burning stove and sliding doors opening onto the dining room, stair flight to first floor with storage cupboards under and dual aspect windows.
The wonderful kitchen/breakfast room provides a light and airy dining and entertaining space and is comprehensively fitted with a range of units including an integrated wine cooler, twin built in ovens and microwave, four ring electric hob with cooker hood over and work surfaces with a good array of cupboards drawers and space under.
The adjoining utility room has a work surface with inset sink, cupboards and space under and oil fired boiler, door to outside and to cloakroom with low level WC and wash basin.
On the first floor there is a landing with shelved linen cupboard and bedroom one is a large double bedroom with dual aspect windows and there is a walk in wardrobe, which we understand was previously bedroom five.
There are three additional well proportioned bedrooms and a family bathroom with a large bath, built in TV, separate walk in shower cubicle, wash basin and low level WC.
Outside The property is approached via a remote control gate which leads to a gravel driveway providing parking space for numerous vehicles.
There is a substantial garage/workshop and useful outside studio and an additional building which offers the potential to be converted into a home office or gym.
There are lawned gardens and an established tree line to one side (belonging to the local farmer) providing a secluded setting along with a paved terrace and hot tub.
Location The property occupies a convenient position within easy reach of the nearby attraction of Abberton Reservoir with its swans and wild fowl.
Mersea Island with its waterfront, beaches, sailing and sea food, is within easy driving distance providing a host of water and leisure facilities.
Colchester city centre is within comfortable driving distance with its excellent of shopping and recreational facilities, wine bars, restaurants and Mercury Theatre.
Directions Please use postcode CO5 7QL for Satnav.
Important Information Council Tax Band - E Services - We understand that mains water and electricity are connected to the property, drainage is to a private system.
Tenure - Freehold EPC Rating - D Ref - TOL240184/gb
Value & comps
No previous sales on record.
Returns
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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 Mill Cottage,, The Strood, Colchester
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