2-bedroom terraced house · CO1 1RU
Listing removedListed 83 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Property Reference: 2989739.
This two-bedroom character property is situated in a fantastic location, equidistant between Colchester's mainline station (0.5 miles) and Colchester High Street (0.5 miles).
The property has been lovingly restored by its current owner over the past few years and is ready to be enjoyed by its new occupant/s from 1st September onwards.
The property benefits from a private, off-street parking space (an unusual bonus for a property in such a central location). Permit parking is also available for two cars.
There is a manageable garden space to the rear with a raised bed - ideal for anyone wanting to grow their own vegetables or flowers.
The back gate leads straight onto the parking space and provides easy access to the walking route towards Lower Castle Park.
The property will be let unfurnished and will be managed by a local, hands-on landlord, giving you the benefit of direct communication without an agent go-between.
Tenant/s will need to undergo referencing and a credit check before a tenancy agreement is signed.
Main features: Two bedrooms Unfurnished Council tax band B Off-street parking 0.5 miles (10-15 minute walk) to Colchester North Station & Colchester High Street Just steps away from the stop for the £3 bus to Stansted Airport Summary & Exclusions: - Rent Amount: £1,275.00 per month (£294.23 per week) - Deposit / Bond: £1,471.15 - 2 Bedrooms - 1 Bathrooms - Property comes unfurnished - Available to move in from 01 September 2026 - Maximum number of tenants is 2 - Students welcome to enquire - Smokers considered - Bills not included - Property has parking - Property has garden access - EPC Rating: D If calling, please quote reference: 2989739 Fees: You will not be charged any admin fees.
** Contact today to book a viewing and have the landlord show you round! ** Request Details form responded to 24/7, with phone bookings available 9am-9pm, 7 days a week.
OpenRent endeavours to make all property particulars as accurate and reliable as possible, however if you require any further clarification or information please contact us.
When applying for a tenancy using the Rent Now process, you will be required to pay one month's rent and any deposit before moving in.
This will be paid to OpenRent and released to the landlord once you have moved in. With OpenRent there are no administration fees to pay.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 24, Albert Street, Colchester, CO1 1RU
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