Auction
Auction date passed
This lot went to auction on 21 October 2026 (5 days ago) but remains listed. It was still on the portal 6 days ago. That usually means it didn’t sell — it may now be available by private treaty or head to a future auction. Worth confirming current availability with the agent.
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 work4-bedroom semi-detached house · CO1 2SP
For saleListed 23 daysAuction 21 Oct · unsold, still listed
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
For sale by auction on Wednesday, 21 Oct 2026 at 10:00 Venue: Livestream Auction Two freehold houses with planning permission granted for an additional dwelling to be erected between them A vacant two bedroom semi-detached house with planning permission to erect a new dwelling to the party wall plus a two bedroom end terrace house currently let and achieving a rental income of £950 per calendar month.
The properties are located close to Essex University and Colchester Hythe Station. It is considered that the finished properties would make excellent buy to let investments or first time buyer homes.
For more information relating to the approved planning permission please visit Colchester City Council planning portal using reference 250378.
173 Greenstead Road Ground Floor Lounge 11'5" x 10'5" Dining Room 11'5 x 10'5" Kitchen- 9'2" x 6'9" Bathroom- 7'9" x 6'9" First Floor Landing Bedroom One- 11'5" x 10'5" Bedroom Two- 11'5" x 10'5" 175 Greenstead Road Ground Floor- Lounge 12'8" x 9'2" Kitchen- 9'5" x 6'9" Lobby Bathroom- 5'9" x 5'4" First Floor Landing Bedroom One- 9'5" x 9'5" Bedroom Two- 10'5" x 6'9" Proposed Dwelling 173a Greenstead Road Ground Floor- Approx 330 square feet Lobby Open Plan Kitchen Diner WC Living Room First Floor- Approx 296 square foot Landing Bedroom Office/2nd Bedroom Bathroom Council Tax Band No 173 - B No 175 - A EPC No 173 - D No 175 - C EPC Rating: D C Additional Fees Buyers Premium: £1200 inc VAT payable on exchange of contracts.
Administration Charge - £1200 inc VAT payable on exchange of contracts. Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Price Information * Guides are provided as an indication of each seller's minimum expectation.
They are not necessarily figures which a property will sell for and may change at any time prior to the auction.
Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
Additional Fees Information Please be aware there may be additional fees payable on top of the final sale price.
This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion.
Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.
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 173-175 Greenstead Road, Colchester
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