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See how verdicts work4-bedroom house · CO7 9HD
For saleReduced £10k (−3.4%) on 23 OctListed 164 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
** chain free** an extended semi-detached house with versatile accommodation ripe for modernisation and refurbishment** Wivenhoe, Wivenhoe, Wivenhoe: Guide price £315,000 to £325,000 A fabulous opportunity to acquire this circa1960's family home located in a Cul-de-position close to a local shopping parade in the very popular, frequently requested town with its schooling, pubs/restaurants, shops, picturesque waterfront and the all important main line railway station with its service along the A12 corridor to London's Liverpool Street Station.
As previously mentioned, the accommodation will need to be brought up to modern day standards but along with the existing two story addition, would ideally suit a buyer looking to stamp their identity on to a blank canvass.
The accommodation on the ground floor comprises of entrance hall, living room, kitchen, dining area, and bedroom three/office.
The first floor leads from the landing with two further bedrooms and bathroom and a further room which can be used as a fourth bedroom or dressing room.
Outside the front garden is open plan with ample off road parking and garage. The rear garden extends to approximately 37ft.
Entrance Hall (6' 0'' x 5' 7'' (1.83m x 1.70m)) Double glazed entrance door and side panel. Staircase to first floor landing, radiator.
Living Room (14' 11'' x 11' 6'' (4.54m x 3.50m)) Double glazed window to front elevation, wall mounted gas fire (not tested), radiator.
Kitchen (13' 0'' x 8' 6'' (3.96m x 2.59m)) Stainless steel single drainer sink unit with cupboards under. Range of floor standing cupboards, drawers and wall mounted matching cupboards.
Built-in airing cupboard, built-in storge cupboard under stairs. Space for fridge, space for freezer, space for cooker. Filter hood over cooker area, built-in pantry cupboard, radiator.
Dining Area (13' 8'' x 7' 4'' (4.16m x 2.23m)) Double glazed windows to rear and side elevations. Double glazed door to rear garden, radiator.
Bedroom Three/Office (10' 4'' x 6' 1'' (3.15m x 1.85m)) Double glazed window to side and rear elevations. Built-in storage cupboard, radiator.
First Floor Landing Access to loft space and doors to: Bedroom One (11' 7'' x 11' 6'' (3.53m x 3.50m)) Double glazed window to front elevation, fitted cupboards, radiator.
Bedroom Two (11' 11'' x 8' 4'' (3.63m x 2.54m)) Double glazed window to side elevation, radiator.
Bedroom Four/Dressing Room (13' 6'' x 7' 3'' (4.11m x 2.21m)) Double glazed window to rear elevation, radiator. Family Bathroom Double glazed frosted window to side elevation.
Low level WC, wash hand basin with vanity cupboard under and panel bath with shower unit over and tiled walls, radiator. Front Garden Open plan laid mainly to lawn.
Off road parking with concrete driveway and access to garage. Garage (17' 8'' x 8' 6'' (5.38m x 2.59m)) Double wooden doors, window to garden, power and lighting.
Rear Garden Extending to approximately 37ft. Laid mainly to lawn, paved area and aluminium greenhouse.
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
Agent & docs
FAQ
About 4, Lammas Way, Colchester
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