Modern Method of Auction
Auction date not yet published
5-bedroom house · CO2 7WB
For saleReduced £10k (−2.7%) on 1 JulListed 149 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Summary This stunning five-bedroom end-terraced property would make a wonderful family home or a ready to go, fully furnished, fully tenanted, HMO investment with a fantastic yield from day one of ownership.
Description This stunning five-bedroom end-terraced property is availble to all buyers however it is currently let as a successful, fully licensed and fully tenanted HMO.
Any interested investor could purchase this ready to go and would start earning a fantastic yield from day one of ownership.
Alternatively this property is the perfect opportunity for a family looking make a wonderful family home with a secure and fast sale, (The current tenants would be re-housed by the vendor to allow for vacant possession).
With no onward chain, the home is offered for sale by modern method of auction, making it an ideal option for those looking to move quickly.
Spread over three floors, the property boasts ample space, with five generously-sized bedrooms providing plenty of room for rest and relaxation.
The enclosed rear garden provides the perfect place for kids to play and for the whole family to enjoy some outdoor time.
The home also comes with a convenient carport, providing secure off-street parking and peace of mind for vehicle owners.
Don't miss out on this incredible opportunity to own a spacious and well-appointed family home. 1.
Money laundering regulations - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract. 3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
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 starting price
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
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 10, Colet Crescent, Colchester
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