2-bedroom bungalow · CO6 1XF
Listing removedReduced £10k (−3.6%) on 13 AugListed 92 days
Opportunity summary
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About
In need of modernisation and offered for sale with no onward chain is this two bedroom semi- detached bungalow situated in a cul-de-sac position just a short distance from Marks Tey railway station, A12 and A120.
The property is accessed via a double glazed entrance door to the side which leads to an entrance hall with doors leading to all primary rooms.
The kitchen has a range of units and work surfaces with cupboards and drawers under, stainless steel sink unit and drainer, space and plumbing for freestanding appliances, wall mounted cabinets, a window and door to the rear garden and sunroom, and two useful cupboards.
The spacious lounge is located to the front of the bungalow with a gas fire place and curved double glazed window to the front aspect.
The second bedroom is also located to the front of the bungalow whilst the primary bedroom is situated to the rear.
The bathroom is fitted with a white suite comprising panelled bath with a glass screen and shower over, WC, wash hand basin and a double glazed obscured window to the side.
Outside To the rear of the property there is an enclosed garden mainly laid to lawn, a greenhouse, personnel door to garage and gated side access.
There is a driveway to the side providing off road parking for 2 - 3 vehicles and there is an open plan lawned garden to the front.
The garage has power and lighting connected, a manual up and over door to the front and an additional area to the rear with two glazed windows.
Location The property is situated on this popular development to the west of the city being a short distance to Marks Tey railway station offering services to London's Liverpool Street and Tollgate Retail Park and shopping centre which offer a varied range of shopping facilities via national outlets.
The A12 can be accessed London bound for the M25 and the A120 leads to London's Stansted Airport. Directions Please use postcode CO6 1XF for SatNav.
Important Information Council Tax Band – C Services - We understand that mains water, gas, drainage and electricity are connected to the property. Tenure - Freehold EPC Rating - tbc
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 4, Kingsbury Close, Colchester
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