3-bedroom bungalow · CO5 7LA
Listing removedListed 202 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Offered with no onward chain is this three bedroom detached bungalow situated on a good size plot in a popular village location.
The property has scope for further extension subject to the usual planning consents. A double-glazed entrance door leads to the entrance hall with all doors leading off.
The lounge is located to the rear and has a double-glazed window to the side and double-glazed French doors leading to the rear garden.
The kitchen is also located to the rear and has a range of modern units and work surfaces with cupboards and drawers under, a stainless steel sink, plumbing for a washing machine, a freestanding oil-fired central heating boiler (not tested), double-glazed window and door leading to the rear garden.
Bedrooms one and three are located to the front with bedroom two currently being used as a dining room and has a double-glazed window to the side and a built-in storage cupboard.
The bathroom is located to the rear of the hall and comprises a panel bath with shower attachment over, wash hand basin with mixer taps, WC and a double-glazed window to the rear.
Outside The property sits on a good size plot which measures approximately 0.18 of an acre and is centrally located with a lawn to the front and driveway which provides off-road parking for several cars and leads to the garage.
A gate to the side leads to the rear garden where the garden is again mainly laid to lawn with an oil tank, garden shed and paved patio area.
A central pathway leads to the rear of the garden where there is an aluminium framed greenhouse. Location The property is set in this pleasant village location to the south of the city.
Within the village there is a primary school, convenience store for day to day needs and a cricket club.
The city centre is a short distance away offering a varied range of shopping facilities, bars and restaurants.
The island of Mersea is also a short driveway and is popular with boating and water sports enthusiasts. Directions Please use postcode CO5 7LA for SatNav.
Important Information Council Tax Band – D EPC Rating - tbc Services - We understand that mains water, drainage and electricity are connected to the property. Tenure - Freehold Our ref - COL260066
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 55, Fingringhoe Road, Colchester
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