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See how verdicts work2-bedroom bungalow · CO7 7HR
For saleListed 18 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Located in a private warden-controlled development in the sought after village of Elmstead Market is this two bedroom link detached bungalow with communal gardens and parking, Ramp access to the bungalow with the composite entrance door leading the spacious hallway benefiting from two storage cupboards, loft access and doors to both bedrooms, bathroom, kitchen and living room.
The living room offers a bow window to the side aspect and French doors leading the communal gardens.
The kitchen has dual aspect windows to the front and side and offers eye and base level units, roll top work surfaces with an inset sink unit, built in Neff double oven with four ring gas hob and extractor fan over and space for the fridge freezer and washing machine.
The principal bedroom has a side facing aspect and two double built in wardrobes. The second bedroom (which could also be used as a separate dining room) offers a front facing aspect.
The bathroom offers a low level W.C, wash hand basin and easy access walk in shower bath with heat limiting mixer tap and shower over.
Outside There are well maintained communal gardens and communal parking bays. Location Elmstead Market is located to the east of Colchester city centre.
The village has its own primary school and Budgens store, petrol station and provides straightforward access into Colchester city centre.
Directions Please use the postcode CO7 7HR, as the point of origin.
Important Information Council Tax Band - C Services - We understand that mains water, drainage, gas and electricity are connected to the property.
Tenure - Leasehold EPC rating - tbc Our ref - plf Lease details - Subject to confirmation from the management company and these charges are for the current year and maybe subject to change.
125 year lease with 88 years remaining Ground rent is £196.52 (£98.26) paid twice yearly Service charge is ££3069.88. Building insurance is included in service charge.
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
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FAQ
About 41, Meadow Close, Colchester
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