2-bedroom terraced house · CO1 1HA
Listing removedReduced £45 (−3.5%) on 8 SepListed 90 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Fenn Wright are delighted to present to the market this two bedroom terraced house situated in the popular Dutch Quarter within close distance of Colchester's historic town centre with its range of shops, bars, restaurants and Castle Park, as well as both the Town and North train station with mainline links to London Liverpool Street.
Internally the property is very well presented. The property benefits from double glazed windows and gas central heating.
You enter through the front door into the spacious lounge with window to front aspect, stairs rising to the first floor and doors leading to the cloakroom with wc and hand wash basin and further door to the kitchen.
This is fitted with a range of base and eye level units, cooker, gas hob, sink with drainer, integrated fridge/freezer, slimline dishwasher and space for a washing machine.
On the first floor you will find two bedrooms both of which are a good double size, the rear bedroom is complete with built in wardrobes and drawers and the front bedroom also benefits from a large storage cupboard.
Accommodation concludes with a modern three piece bathroom suite. Important Information Letting information The rent is exclusive of utilities and council tax.
Deposit: £1,494.23 Availability: 21st of September 2026.
Non Smokers Council tax band C EPC rating D Services - We understand that mains water, drainage, Gas and electricity are connected to the property.
Broadband Availability - Standard and Superfast available (Ofcom Broadband Checker - July 2026).
Mobile Coverage - It is understood that the best available mobile coverage in the area is provided by O2, EE, Vodafone and Three.
(Ofcom Mobile Checker – July 2026) Holding deposit Prospective applicants will be required to pay a Holding Deposit to Fenn Wright, equivalent to a maximum of 1 week's rent.
Once the holding deposit has been received, Fenn Wright will suspend marketing of the rental property for a period of 15 calendar days subject to referencing commencing promptly.
Upon successful references being completed, acceptable and the tenancy being confirmed by Fenn Wright, the holding deposit paid will then contribute towards the first month's rental payment.
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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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
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FAQ
About 2, Northgate Street, Essex
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