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 house · CO4 6AR
Listing removedListed 75 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Occupying a superb position within the highly desirable Chesterwell Development an outstanding four bedroomed family home offering excellent accommodation over two floors, within easy reach of the mainline railway station and city centre.
Entrance door to entrance hall with doors leading off and cloakroom with low level WC and wash basin.
There is an impressive kitchen/living area providing a wonderful space for dining and entertaining with the kitchen area fitted in a range of quality units comprising work surfaces with cupboards drawers and space under, inset sink, four ring gas hob, double built in oven and grill, integrated dishwasher, washing machine, fridge and freezer, fitted wall units, storage cupboard understairs.
The living area has French doors opening onto the attractive garden. On the first floor is a landing with doors leading off.
Bedroom one is a large double bedroom with built in wardrobes and access to loft space. There is an en suite shower room with tiled shower cubicle, wash basin and low level WC.
Bedroom two has a shelved linen cupboard and an en suite shower room with shower cubicle, wash basin and low level WC.
There are two additional well proportioned bedrooms and a family bathroom comprising panelled bath, low level WC and wash basin.
Outside To the front of the property are flowerbeds and a driveway to one side giving access to the garage with power and light points connected, rear personal door, up and over front door.
To the rear of the property is a delightful garden area providing a wonderful space for alfresco dining and is predominantly lawn enclosed by fencing with flowerbeds and blossom tree and decked patio area.
Location The property occupies a wonderful position within easy reach of both local primary and secondary schooling, Colchester hospital, mainline railway station and city centre with its excellent range of shopping and recreational facilities.
Directions Please use postcode CO4 6AR for Satnav. Important Information Council Tax Band - E Services - We understand that mains water, drainage, gas and electricity are connected to the property.
Tenure - Freehold. EPC Rating - B Ref - COL260709/gmb Agents Note We are advised that there is an annual service charge of approximately £200.
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
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FAQ
About 16, Summertime Drive, Essex
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