2-bedroom terraced house · CO1 2DU
For saleReduced £10k (−4.2%) on 17 OctListed 50 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
***guide price £250,000 - £260,000*** Offered for sale with no onward chain, Palmer & Partners are delighted to present this well-presented two-bedroom end-of-terrace house, ideally situated close to a range of local amenities, Colchester's historic city centre and Colchester Town railway station, which provides mainline services to London Liverpool Street.
The property offers well-proportioned accommodation throughout and comprises a spacious lounge/diner, providing an excellent space for both relaxing and entertaining.
The light and spacious fitted kitchen benefits from Velux windows, allowing plenty of natural light, while a shower room completes the ground floor. To the first floor are two good-sized bedrooms.
Externally, the property benefits from a south-west-facing rear garden, which enjoys a good amount of sunshine throughout the day.
At the end of the garden is a double garage, offering excellent potential for additional workspace, a home gym or secure storage.
The property also benefits from a gated driveway providing off-road parking.
Palmer & Partners strongly advise an early internal viewing to fully appreciate the accommodation and potential on offer and avoid disappointment.
Lounge/Diner (6.1m x 3.3m) Kitchen (3.1m x 2.7m) Ground Floor Shower Room (1.8m x 2.1m) Landing Bedroom One (2.7m x 3.3m) Bedroom Two (2.3m x 3.4m)
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 19, Cannon Street, New Town, Essex
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