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See how verdicts work2-bedroom bungalow · CO3 3NS
Sold STCListed 32 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
***guide price £475,000 - £500,000*** A delightful two bedroom detached bungalow situated in one of the premium roads in Lexden offering no onward chain and in good decorative order with en suite, attractive gardens, garage and off road parking.
A delightful two bedroom detached bungalow situated in the popular Lexden district of Colchester a short distance to the city centre offered in good decorative order with no onward chain.
An entrance door leads to an entrance porch with further door leading to the entrance hallway with access to loft space, two storage cupboards, and doors leading to all principal rooms.
The lounge is located to the rear of the bungalow and has double glazed French doors and windows leading to the rear garden, feature fireplace and a snug seating area with recessed bookshelf and double glazed window to the side.
The kitchen/dining room is also located to the rear and offers a range of fitted units and work surfaces with cupboards and drawers under, built in four ring gas hob and double oven with extractor fan over, inset sink with mixer taps, integrated dishwasher, plumbing for washing machine, wall mounted gas boiler, double glazed door to the rear garden and double glazed window to the rear and side.
The master bedroom is located to the front and features an en suite four piece bathroom comprising of a reduced size bath, hand basin, WC and shower cubicle with double glazed window to the side and bedroom two is also located to the front being a good size double room.
The bathroom offers panelled bath with shower over, hand basin and there is also a separate WC.
Outside To the rear of the bungalow there is an attractive garden with good sized paved patio terrace with steps and slopes leading to the formal lawn garden with flower and shrub borders being well stocked and well maintained, there is also a grape vine and a wooden garden shed.
A personal door leads to the garage with up and over door and there is also gated side access to the front where there is a lawn garden retained by brick wall and railings and a block paved driveway providing off road parking which leads to the garage.
Location The bungalow is situated in one of the premium roads in Lexden being a short distance to the city centre and Colchester’s premier schooling.
The city centre offers shopping facilities for day to day needs and a range of bars and eateries.
Stations in the city offer services for London’s Liverpool Street and the A12 can be accessed London bound for the M25. Directions Please use postcode CO3 3NS for Satnav.
Important Information Council Tax Band - E Services - We understand that mains water, drainage, gas and electricity are connected to the property. Tenure - Freehold EPC Rating - tbc Ref - COL260706/pc
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 11, Cambridge Road, Essex
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