Modern Method of Auction
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We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom bungalow · CO5 7LH
For saleReduced £25k (−11.1%) on 17 OctListed 99 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Requiring full modernisation and refurbishment and offering scope for further development STPP is this two bedroom detached bungalow on a good size plot.
The property is offered for sale through the modern method of Auction which is operated by iamsold ltd.
Two bedroom detached bungalow sitting on a good size plot to the south of Colchester requiring full renovation and refurbishment with the scope for further development subject to the usual planning consents.
Outside The property has a good size garden with a plot of approximately 0.19 of an acre with driveway to the front leading to pre-fabricated garage.
Side access leads to the rear garden which is in need of cultivation but does back onto open farmland.
Location The property is situated to the south of Colchester city towards the island of Mersea which is popular with the boating and waters sports enthusiast, with popular primary school nearby, shopping facilities at the community convenience store at Langenhoe.
The city centre is a short drive away providing a further range of shopping facilities, bars and restaurants. Directions Please use postcode CO5 7LH for Satnav.
Important Information Council Tax Band - C Services - We understand that mains water, drainage and electricity are connected to the property.
Tenure - Freehold EPC Rating - Ref - COL260338/pc Agent's note This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56 Day Reservation Period.
Interested parties’ personal data will be shared with the Auctioneer (iamsold Ltd). If considering a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided, which you must view before bidding. The buyer is responsible for the Pack fee.
For the most recent information on the Buyer Information Pack fee, please contact the iamsold team.
The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.5% of the purchase price inc VAT, subject to a minimum of £6,600 inc. VAT.
This Fee is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. The Fee is considered within calculations for stamp duty.
Services may be recommended by the Agent/Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £500 inc. VAT.
These services are optional.
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
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 starting price
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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 Roslyn,, Mersea Road, Colchester
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