2-bedroom bungalow · CO6 2FH
To rentListed 4 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An exclusive two bedroomed link detached bungalow for the over 55’s. 7 Wakes Hall Park benefits from having breathtaking views over the Colne Valley.
With accommodation comprising:- ENTRANCE HALL – Useful storage cupboard. KITCHEN– Built in electric double eye level oven and induction hob with extractor hood over.
Integrated washing machine, dishwasher and fridge/freezer. LOUNGE/DINER – 21’6 x 14’6 CLOAKROOM – Fitted with a matching white suite comprising low level wc and hand wash basin.
BEDROOM ONE – 11’4 x 11’4 EN-SUITE BATHROOM – Fitted with a matching white suite comprising low level wc, hand wash basin and bath.
BEDROOM TWO – 13’4 x 9’2 EN-SUITE SHOWER ROOM – Fitted with a matching white suite comprising low level wc, hand wash basin and shower cubicle.
OUTSIDE - To the rear of the property is an enclosed garden which is mainly laid to lawn with paved entertaining area. Pedestrian access into rear garden.
The property also benefits from having a single garage and parking space.
TERMS - Rental initially at £1,450 per calendar month (exclusive of Council Tax, Water and Utilities) with a deposit of £1,673.07 to be paid. Council Tax Band C.
WE REGRET NO SMOKING & EXCELLENT REFERENCES WILL BE REQUIRED. Proof of ID & Residency will also be required. The Tenants will also be responsible for their own contents insurance.
HOLDING DEPOSIT – One weeks rent - £334.61. This is to reserve a property.
Please note: this will be withheld if any relevant person (including a guarantor(s)) withdraw from the tenancy, fail a Right-to-Rent check, provide materially significant false or misleading information, or fail to sign their tenancy agreement (and/or Deed of Guarantee) within 15 calendar days (or other Deadline for Agreement as mutually agreed in writing).
SERVICES - We are advised by the vendors that the main services of electricity, water and drainage are connected. Heating is via an air source heat pump.
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
FAQ
About Colchester Road, Wakes Colne, Colchester, Essex, CO6
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