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See how verdicts work3-bedroom terraced house · CO2 7EP
For saleListed 3 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Lucas Road, Colchester, CO2 Charming Two/Three Bedroom Bay-Fronted Period Home Offers In Excess Of £260,000 Location Situated along Lucas Road, within easy reach of central Colchester, this charming two/three-bedroom period home enjoys a convenient position for access to an excellent range of local shops, everyday amenities, restaurants and bars.
Colchester's historic city centre and Castle Park are within easy reach, alongside Abbey Fields and its surrounding open spaces.
The area is well served by local bus routes connecting neighbouring towns and villages, whilst Colchester Town railway station provides connections towards London Liverpool Street.
The A12 is also accessible for those commuting further afield.
Property Internally, the property offers characterful and well-presented accommodation, combining attractive period features with colourful, individual interiors.
An entrance hallway leads through to a welcoming living room, featuring a fireplace, fitted storage and exposed wooden flooring.
A separate dining room provides an excellent space for entertaining, complete with an impressive wall of fitted bookshelves, feature fireplace and ample room for a dining table.
To the rear, the kitchen offers a range of fitted cupboards, wooden work surfaces, open shelving, a range-style cooker and space for informal dining, with access towards the rear garden housing a useful utiliy area.
Upstairs, the accommodation comprises three bedrooms, including a generous principal bedroom with a feature fireplace and fitted storage, alongside a further bedroom and a smaller third bedroom/study currently arranged as a home office.
A family bathroom completes the accommodation, featuring a traditional-style suite with a bath and shower attachment, complemented by decorative patterned tiling.
Outside, the property benefits from an enclosed, low-maintenance rear garden, predominantly paved to provide an attractive seating and entertaining area, with established planting, mature greenery and gated access.
On street residents parking is also available. Viewings are available without delay via Michaels Property Consultants' Colchester office. Early enquiries are encouraged to avoid disappointment.
Entrance Hall Living Room 12' 9" x 10' 6" (3.89m x 3.20m) Dining Room 13' 8" x 13' 2" (4.17m x 4.01m) Kitchen 10' 0" x 7' 9" (3.05m x 2.36m) Landing Bedroom One 11' 7" x 10' 5" (3.53m x 3.17m) Bedroom Two 11' 9" x 10' 4" (3.58m x 3.15m) Bedroom Three/Study 8' 3" x 5' 1" (2.51m x 1.55m) Bathroom 5' 2" x 8' 2" (1.57m x 2.49m)
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
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FAQ
About Lucas Road, Colchester, CO2
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