3-bedroom house · CO3 8AU
Sold STCListed 127 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Guide Price: £375,000 - £400,000 Offered with no onward chain, this beautifully presented three-bedroom family home occupies a desirable position within the popular Stanway area of Colchester and is ready for immediate occupation.
The property is well-maintained throughout, offers stylish practical living space making it an ideal purchase for families, professionals and those looking to upsize.
Upon entering, a welcoming entrance hall provides access to a convenient ground floor cloakroom and useful storage cupboard.
The spacious living room enjoys excellent natural light and offers a comfortable space for relaxing and entertaining.
To the rear of the property, the impressive kitchen/dining room spans the width of the home, featuring ample worktop and storage space alongside room for a family dining table, with double doors opening onto the garden and creating the perfect setting for both everyday living and social occasions.
The first floor comprises three well-proportioned bedrooms.
The generous principal bedroom benefits from its own en-suite shower room, while the remaining bedrooms are served by a modern family bathroom.
The layout provides flexibility for growing families, home working or guest accommodation.
Externally, the property enjoys a private rear garden, ideal for outdoor dining and family enjoyment, whilst residents will appreciate the excellent location within Stanway.
A wide range of amenities are nearby including at Stane retail park: shopping facilities, supermarkets, restaurants and leisure facilities.
The property is also conveniently positioned for access to highly regarded schooling, the A12, Marks Tey Station and Colchester City Centre.
The property benefits from a tandem driveway to the side of the property. Agent's Note Please note there is an estate management fee payable to Sapphire of £179 pa.
Please note the property has been virtually staged. EPC Rating: C Disclaimer These particulars are for guidance only and do not form part of any offer or contract.
All measurements, images and floor plans are approximate and for illustrative purposes only. Services, appliances and systems have not been tested and no warranty is given as to their condition.
Buyers and tenants must rely on their own inspections, surveys and legal enquiries to verify all material information that is important to them.
Anti-Money Laundering (AML) Verification Oakheart is required to undertake identity and compliance checks in line with UK Anti-Money Laundering (AML) legislation.
These checks apply to all sellers, purchasers and landlords as part of our sales and lettings procedures.
To facilitate this process, we use Landmark, an independent third-party provider that carries out the necessary verification checks on our behalf. A fee of £24.00 inclusive of VAT per person applies.
All relevant checks must be completed and verification confirmed before we can progress with the...
Value & comps
No previous sales on record.
Returns
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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.
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FAQ
About Otter Place, Stanway, CO3
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