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 work17-bedroom flat · CO2 7DB
For saleReduced £500k (−15.4%) on 10 OctListed 165 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An opportunity to purchase a well run property rental portfolio currently producing a gross income of approximately £280,000 per annum in the centre of the thriving city centre in Colchester.
The Scheregate collection consists of four properties centred around the carpark with access from Osbourne Street.
The flagship property is a Grade 2 listed 18th Century renovated, converted hotel, providing twelve studio apartments, three ensuite rooms and two shared facility rooms producing a gross income of circa £153,000 per annum.
The Pump House, a detached property converted into four studio apartments producing a gross income of circa £40,000 per annum.
4 Abbeygate Street, a four storey Grade 2 Listed late 18th century Victorian house, six bedrooms with shared facilities over three floors and a self contained one bedroom apartment with separate rear access, producing a gross income of circa £47,000 per annum.
A 38 space carpark let to business users on a permit basis, producing an income of circa £40,000. A storage barn adjacent to the carpark with further potential subject to planning permission.
Location With its strategic location in the heart of Colchester City Centre and all the city's everyday amenities. The Scheregate Portfolio ensures high rental demand and long-term growth potential.
Within close proximity to the City Centre Bus and Train Stations as well as the A12, access to all parts of the UK are within easy reach.
By car, Stansted Airport is within 45 minutes and London is 75 minutes.
Trains to London Liverpool Street Station run every half hour in peak times and, with journey times as little as 45 minutes, Colchester is a vibrant and sought after commuter location.
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
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
FAQ
About The Scheregate Collection., 36 Osborne Street, Colchester
Explore nearby