3-bedroom terraced house
For saleListed 1 day
Opportunity summary
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About
***guide price £350,000 - £375,000*** Situated within the popular Chesterwell development to the north of Colchester, this well-presented three-bedroom end-of-terrace home offers modern accommodation, an enclosed rear garden and two allocated parking spaces to the rear, held on a lease.
The property also benefits from the onward chain being complete.
The ground-floor accommodation comprises an entrance hallway, a spacious lounge and a contemporary kitchen/diner, providing ample space for everyday dining and entertaining.
A useful cloakroom completes the ground floor. On the first floor are three well-proportioned bedrooms, with the master bedroom featuring a fitted wardrobe and an en-suite shower room.
The remaining bedrooms are served by a modern family bathroom and offer flexibility for family living, visiting guests or working from home.
Outside, the enclosed rear garden is predominantly laid to lawn, with a patio area and established planting beds and shrubs. To the rear are two allocated parking spaces, held on a lease.
Chesterwell offers a range of local amenities, including a Co-op supermarket, private gp surgery, Esquires coffee shop and Seymour House Day Nursery.
Trinity Secondary School is also situated within the development, with a primary school planned for the area.
The location provides convenient access to the A12, Colchester General Hospital and Colchester North railway station, which offers mainline services to London Liverpool Street.
Nearby leisure facilities include the Northern Gateway development, David Lloyd Health Club and Colchester Sports Park.
Entrance Hall (1.93m x 2.19m) WC (1.57m x 1.8m) Living Room (3.02m x 5.38m) Kitchen (3m x 5.51m) First Floor Landing (2.89m x 1.45m) Bedroom (3.51m x 3.43m) En-Suite (1.9m x 1.51m) Bedroom (3.08m x 3.07m) Bedroom (2.95m x 2.34m) Family Bathroom (1.86m x 1.83m) Agents Note We have been advised by the current owner that there is a communal development charge of £240.00 per annum.
Value & comps
No previous sales on record.
Returns
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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 Sophy Way, Mile End, Essex
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