2-bedroom bungalow · CO3 4EJ
Sold STCListed 92 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Boydens are delighted to bring to market this detached two-bedroom bungalow, situated in the ever-popular Prettygate area, within easy reach of a wide range of local amenities.
A double-glazed entrance door opens into a spacious hallway, providing access to all principal rooms.
The generously proportioned lounge features dual-aspect windows, including a front-facing bay window, and is centred around an attractive feature fireplace.
The principal bedroom is well positioned overlooking the rear garden, while the second bedroom offers flexible accommodation suitable for guests, family, or a home office.
The original bathroom has been thoughtfully converted into a modern shower room.
The kitchen is presented in reasonable condition and benefits from ample storage and worktop space, with a door leading through to a useful lean-to providing additional storage or utility potential.
Externally, the property enjoys both front and rear gardens, together with a driveway providing off-road parking and leading to a single garage.
Requiring modernisation throughout, this bungalow presents an excellent opportunity for purchasers to update and personalise the property to their own taste, creating a superb home in a highly sought-after residential location.
Magazine Farm Way is located approximately 2 miles to the west of Colchester town centre.
The area is served by a number of amenities, including supermarkets, shops, public houses, church, dentist and doctors surgeries, and is within walking distance to the Philip Morant School.
Car-borne commuters can enjoy easy access to the A12, whilst there are regular buses serving the town centre and beyond to North Station where trains run frequently to London's Liverpool Street.
The Tollgate/Stanes Retail Parks are also within easy reach.
HALLWAY - 4'2'' x 17'10'' (1.3m x 5.4m) LOUNGE - 12' x 13'11'' (3.7m x 4.2m) KITCHEN - 10'5'' x 11'8'' (3.2m x 3.6m) CONSERVATORY - 9'7'' x 5'11'' (2.9m x 1.8m) BATHROOM - 7'8'' x 5'6'' (2.3m x 1.7m) BEDROOM - 1 - 10'10'' x 11'9'' (3.3m x 3.6m) BEDROOM - 2 - 11' x 10'11'' (3.4m x 3.3m) AGENT NOTE Local Authority – Colchester City Council.
Broadband Availability – Ultrafast Broadband available with speeds of up to 1800 Mbps (details obtained from Ofcom Mobile and Broadband Checker) – July 2026 Mobile Coverage - It is understood that the best available service in the area is provided by EE with 83% performance.
VODAFONE, O2 and THREE all also cover the area with slightly lower performance ratings.
(details obtained from Ofcom Mobile and Broadband Checker) July 2026 Utilities - Mains Electric /Mains Gas /Mains Water /Mains Sewerage Construction Type - We understand the property to be of Traditional Construction of brick Flood Risk - Data Taken from Gov.UK Flood Map – checked July 2026 - The property is at a low risk of flooding Planning Applications in the Immediate Locality - checked July 2026 – We are not aware of any planning applications in the immediate locality.
MONEY LAUNDERING REGULATIONS - Please be advised that all purchasers will need to adhere to current laws of money laundering and therefore will need to provide Boydens Estate Agents photographic identification and proof of residency identification before any transaction is started to comply with the legislation.
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
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About Prettygate, Colchester
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