We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom bungalow · CO7 9SD
Sold STCListed 54 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
**chain free: A brilliant opportunity to acquire this two double bedroomed semi-detached bungalow nestled in this lovely position overlooking A small greensward** Offered with vacant possession, this well planned property is located in the frequently requested and well reputed town of Wivenhoe.
Just a short walk to a local shopping parade and onwards to shops, restaurants, waterfront and a mainline railway station with just a short hop to Colchester and onwards along the A12 corridor to London's Liverpool Street Station.
Modern features like double glazing and gas central heating have been added along with a modern kitchen and shower room.
Easy to maintain gardens exist both to front and rear elevation along with a garage and driveway providing off road parking.
Entrance Lobby (4' 8'' x 2' 11'' (1.42m x 0.89m)) UPVC entrance door, porthole style window to one elevation, radiator.
Living Room (14' 3'' x 11' 10'' (4.34m x 3.60m)) Double glazed window to front and side elevations, radiator. Inner Hall Built-in airing cupboard.
Kitchen (11' 6'' x 7' 4'' (3.50m x 2.23m)) Double glazed window to rear garden, wall mounted gas boiler.
Stainless steel single drainer sink unit inset to work tops with cupboards under and wall mounted matching cupboards. Space for washing machine and space for freezer.
Stainless steel filter hood over a four ring hob, built in electric oven into tall standing unit. Tiled flooring, double glazed door to side elevation.
Bedroom One (13' 4'' x 9' 2'' (4.06m x 2.79m)) Double glazed window to front elevation, fitted wardrobe cupboards, radiator.
Bedroom Two (9' 3'' x 7' 11'' (2.82m x 2.41m)) Double glazed window to rear elevation, built-in wardrobe cupboards, radiator.
Shower Room (6' 5'' x 6' 3'' (1.95m x 1.90m)) Double glazed frosted window to rear elevation, radiator.
Low level WC, wash hand basin with vanity cupboard under and double shower unit with shower screen. Drop light switch, wood laminate flooring.
Front Garden Open plan overlooking greensward, flower beds, side access. Rear Garden Paved patio area, stones and shingle for easy maintenance. Flower beds and shrubs.
Side access with further storage area, side gate to front. Garage (16' 11'' x 8' 9'' (5.15m x 2.66m)) Brick built with up and over door, driveway access with parking.
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 8, Caroline Close, Colchester
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