3-bedroom bungalow · CO3 4HN
Listing removedListed 421 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
NO CHAIN...a chance to acquire this three bedroom detached bungalow situated in the highly sought after POETS CORNER, offering convenient access to Colchester's city centre, local shops and facilities.
The property is in GOOD CONDITION THROUGHOUT, and viewing is recommended. Benefits include driveway and garage, gas central heating (not tested by Elms Price and Co) and double glazing.
Double glazed entrance door to: SPACIOUS ENTRANCE HALL Radiator, loft access, cupboard, further cupboard housing boiler (not tested by Elms Price and Co).
BEDROOM ONE 12' 9" x 9' 8" (3.89m x 2.95m) Double glazed window to front, radiator. BEDROOM TWO 12' 2" x 11' 8" (3.71m x 3.56m) Double glazed window to front, radiator.
BEDROOM THREE 10' 1" x 8' 1" (3.07m x 2.46m) Double glazed window to side, radiator. SITTING ROOM 15' 9" x 12' 1" (4.8m x 3.68m) Double glazed door to garden, window to side, TV and telephone point.
SHOWER ROOM Walk-in shower, WC, wash basin, vertical radiator, double glazed window to side.
KITCHEN 11' 7" x 9' 3" (3.53m x 2.82m) Fitted kitchen comprising; one and a half bowl single drainer sink unit set into work surfacing, base and eye level units, built-in hob with extractor fan above, built-in oven with cupboard above and below, space for domestic appliances, vertical radiator, double glazed door to: LEAN-TO/CONSERVATORY 15' 8" x 7' 8" (4.78m x 2.34m) Double glazed construction, door to garden.
OUTSIDE A driveway provides off road parking and access to detached garage. Side access to rear garden. The rear garden is enclosed to all boundaries with laid lawn and mature planting.
ADDITIONAL INFORMATION Council tax band : D. Local authority : Colchester City Council. Energy rating : D.
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 Thompson Avenue, Lexden, Colchester
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