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See how verdicts work2-bedroom terraced house · CO4 3YW
Sold STCReduced £15k (−6.5%) on 22 MayListed 509 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Offered with no onward chain and requiring some modernisation and refurbishment is this modern two bedroom terraced house with conservatory, garage in block and double glazing to the north of Colchester.
An entrance door leads to an entrance hall with cloaks hanging cupboard and door leading to the lounge with windows to the front and rear, stairs leading to the first floor and opening nicely to the kitchen / diner which has fitted units and work surfaces with cupboards and space under, inset sink with mixer taps, ceramic hob with extractor fan over, window and door leading to the conservatory which is uPVC framed with double glazed doors to the outside.
The first floor landing has a double glazed window to the front and gives access to both bedrooms and the first floor wet room.
Bedroom one has a double glazed windows to the front and rear, built in double wardrobe housing the gas central heating boiler (not tested).
Bedroom two also has built in wardrobes, double glazed window to the rear and access to the loft space.
The wet room is fitted with disabled facilities in mind comprising shower unit, WC, wash hand basin and a double glazed window to the front.
Outside The rear garden is in need of cultivation but is enclosed by fencing and mainly paved. There is a garage in block with a parking space to the front.
Location The property is situated the Parsons Heath district of Colchester set in a cul-de-sac position.
There are shopping facilities for day to day needs at St Johns with Tesco Superstore a short distance away. The city centre offers a more varied range of shopping facilities, bars and restaurants.
There is good primary schooling nearby at Parsons Heath and also Friars Grove and St Johns Primary School.
The A12 can be accessed London bound for the M25 and the stations of the city offer services to London Liverpool Street.
Directions Sat Nav - CO4 3YW Important Information Council Tax Band – B Services - We understand that mains water, gas, drainage and electricity are connected to the property.
Tenure - Freehold EPC rating – C Our ref - COL240422
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
FAQ
About Orwell Close, Colchester, Essex, CO4
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