3-bedroom house · CO2 8RH
For saleReduced £10k (−3.4%) on 23 JulListed 110 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
***guide price £290,000 - £300,000*** Palmer & Partners are delighted to offer for sale this well-presented three-bedroom semi-detached home, situated in a popular residential location on the western side of Colchester.
The property enjoys a peaceful setting while remaining conveniently close to a wide range of local amenities.
The area is well served by highly regarded schools, shops, supermarkets and leisure facilities, with excellent transport links including easy access to the A12 and nearby Marks Tey railway station, providing direct services to London Liverpool Street.
Colchester's historic city centre is just a short drive away, offering an excellent selection of restaurants, cafés, independent boutiques and major retailers, together with the renowned Mercury Theatre and Colchester Castle.
The accommodation comprises an entrance hall, a spacious lounge, a fitted kitchen/dining room and a separate utility room.
On the first floor are three well-proportioned bedrooms, served by a family bathroom. The property also benefits from unallocated parking and a single garage located in a nearby block.
Palmer & Partners strongly recommend an early internal viewing to avoid disappointment.
Entrance Hall Lounge (3.33m x 5.3m) Kitchen/Diner (2.74m x 4.62m) Utility Room (2.87m x 1.68m) Landing Main Bedroom (2.74m x 3.96m) Bedroom Two (2.84m x 2.87m) Bedroom Three (2.46m x 2.5m) Bathroom (2.82m x 1.65m)
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 100, Lethe Grove, Essex
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