3-bedroom house · CO1 1RY
For saleListed 91 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
**** guide price: £375,000 - £400,000 **** Centrally located within walking distance of Colchester’s city centre, this well-presented three-bedroom semi-detached family home offers excellent access to an extensive selection of shops, restaurants and everyday amenities.
Colchester North railway station, with direct services to London Liverpool Street, Colchester General Hospital, Castle Park and the A12 are also conveniently accessible.
Internally, the accommodation begins with a welcoming entrance hall leading into a spacious open-plan kitchen/diner.
The kitchen is fitted with ample wall and base units, a five-ring gas range cooker and space for a double fridge/freezer, while French doors open directly onto the rear garden.
A convenient shower room completes the ground floor. Upstairs are three well-proportioned bedrooms, two of which benefit from built-in storage, together with a family bathroom.
Outside, the fully established private rear garden features a patio, decked seating area with pergola and a useful outbuilding, creating an ideal setting for relaxation and entertaining.
To the front, a driveway provides off-road parking. Offering versatile accommodation in a highly convenient location, this attractive family home must be viewed to be fully appreciated.
Palmer & Partners would encourage an early internal viewing to avoid disappointment.
Entrance Hall Lounge 3.41 x 4.36 Kitchen Diner 5.16 x 5.49 Shower Room First Floor Landing Bedroom 1 2.50 x 3.64 Bedroom 2 2.28 x 2.97 Bedroom 3 2.31 x 2.68 Bathroom
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 24, Mercers Way, Essex
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