2-bedroom house · CO7 7GG
Listing removedReduced £25k (−7.7%) on 20 JunListed 191 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Tucked away on the edge of the village of Elmstead offered for sale with no onward is this modern property built in 2022. A charming well kept two bedroom house.
Highlights include two double bedrooms with fitted wardrobes, open plan living with bi folding doors, kitchen/diner, parking for two cars generous rear garden and air source heating.
The location is just a stones throw away from outstanding schools, bus routes, cricket pitch and field walks, train stations are available in Wivenhoe and Colchester within minutes.
Viewing advised to fully aprepricate the space this property has to offer. Entrance Hall Front door, stairs to first floor.
WC WC, wash hand basin Living Room 16' 11" x 16' 0" (5.16m x 4.88m) Bi folding doors to rear, side window, underfloor heating, understairs storage cupboard.
Kitchen/Diner 12' 1" x 11' 11" (3.68m x 3.63m) Double glazed window to front and bay window to side, under floor heating, inset spot lights, open plan kitchen, diner including a modern kitchen with a range of wall and base units, laminate worktop, inset sink with left hand drainer, integrated.
Oven, induction hob, fridge/freezer, washing machine and dishwasher.
Landing Airing cupboard, doors to: Bedroom 17' 1" x 10' 2" (5.21m x 3.10m) Double glazed window to front and side, radiator fitted wardrobes.
Bedroom 15' 11" x 9' 6" (4.85m x 2.90m) Double glazed window to rear, radiator fitted wardrobes.
Family Bathroom Double glazed window to side, WC, inset spot lights, tiled floor and part tiled walls, wall hung basin, paneled bath with over head shower. Towel radiator.
Rear Garden Patio area, lawn, gated access to footpath leading to the off road parking, retained by fencing and brick wall.
Off Road Parking Parking for two vehicles Service Charge There is a yearly service charge payable In the region of £300.00 P.A.
Value & comps
No previous sales on record.
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 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 6, Morina Road, Colchester
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