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See how verdicts work4-bedroom terraced house · CO4 5FN
No longer listedListed 25 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
***guide price £350,000 - £375,000*** Situated to the north of Colchester in a quiet cul-de-sac is this well-positioned four bedroom terraced townhouse, offering spacious and versatile accommodation within easy reach of a wide range of local amenities, schools and excellent transport links.
The property is conveniently located for access to the A12 and A120, Severalls Business Park, Colchester General Hospital and Colchester North Station, which provides direct mainline rail services to London Liverpool Street.
Families are also well catered for, with a selection of schools nearby, including The Gilberd School, Trinity School and Camulos Academy, while the excellent road and rail connections make the property equally well suited to commuters.
Internally, the spacious and versatile accommodation is arranged over three floors.
The ground floor comprises an entrance hall, a bedroom/reception room with double-glazed doors opening directly onto the rear garden with an en-suite shower room and a useful utility room.
On the first floor is a lounge featuring an attractive fireplace, a separate WC and a kitchen/diner fitted with a range of built-in appliances.
The second floor comprises three bedrooms, with one benefiting from an en-suite shower room, together with a family bathroom.
Externally, the enclosed rear garden is mainly laid to lawn with patio area. A covered driveway provides off road parking and gives access to the garage and further parking to the front.
Palmer & Partners would recommend an early internal viewing to avoid disappointment.
Entrance Hall Bedroom Four/Reception Room (2.82m x 4.02m) En-Suite Shower Room (2.08m x 1.2m) Utility (1.82m x 2.34m) First Floor Landing Lounge (2.98m x 5.32m) Kitchen/Diner (2.88m x 5.32m) WC Second Floor Landing Bedroom One (3.03m x 3.41m) En-Suite (2.53m x 1.13m) Bedroom Two (2.89m x 2.84m) Bedroom Three (2.94m x 2.44m) Family Bathroom (2.2m x 1.82m)
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
Agent & docs
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FAQ
About 42, Springham Drive, Myland, Essex
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