2-bedroom house · CO2 9GL
For saleReduced £10k (−4%) on 11 SepListed 228 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
***guide price £260,000 - £270,000*** Palmer & Partners are delighted to offer to the market, with no onward chain, this two-bedroom terraced property located to the south of Colchester's city centre, just a short drive away.
The property enjoys convenient access to local shops for day-to-day needs, as well as a selection of primary and secondary schools nearby.
Commuters will benefit from excellent transport links, including nearby train stations with services to London Liverpool Street and easy access to the A12.
Internally, the accommodation comprises an entrance hallway, kitchen, cloakroom, and a spacious lounge/diner with French doors leading to the rear garden on the ground floor.
On the first floor are two well-proportioned bedrooms and a family bathroom.
Externally, the property benefits from a private enclosed rear garden, an allocated off-road parking space to the rear, and additional visitor parking.
Palmer & Partners strongly recommend an early internal viewing to avoid disappointment.
Entrance Hall WC Kitchen (2.2m x 2.8m) Lounge/Diner (4.37m x 3.86m) Landing Main Bedroom (4.34m x 2.92m) Bedroom Two (2.26m x 3.15m) Bathroom (1.9m x 1.75m)
Value & comps
No previous sales on record.
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 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 63, Salamanca Way, Essex
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