1-bedroom house · CO4 5GU
Listing removedListed 369 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Available now. One decent sized bedroom available in this modern, three storey house located just off the Northern Approach Road, on the northern side of Colchester.
It is a short walk downhill to Colchester's mainline railway station, and less than ten minutes walk into the Hospital. The current tenants all work at the hospital. Sorry, no couples or families.
No pets. Fully furnished throughout, there are five big bedrooms which include a double bed, wardrobe, chest of drawers and bedside cabinet.
The 1st floor bathroom includes a bath with powerful shower, vanity unit basin and WC. The 2nd floor bathroom has a shower cubicle, basin and WC.
The kitchen is fully fitted and equipped with an electric oven, gas hob, large fridge freezer, washer /drier, microwave. The house is heated by a well maintained gas boiler.
The living room has two sofas, a dining table with chairs and a feature fireplace. There is also a large flat screen TV for communal use, and high speed Wifi.
The living room overlooks the garden which is mostly laid to lawn. The property includes two off road parking spaces and a single garage where tenants can store their bikes.
Energy Performance Rating is band C. The rent is £600.00 per calendar month for each bedroom, payable in advance.
This includes the following bills:- gas, electricity, water, wifi, council tax, TV licence. There is also a cleaner who cleans the communal areas every two weeks.
A gardener routinely attends to the front and back gardens. Security deposit is £600.00 per tenant, held for the duration of the tenancy.
Holding deposit of £100.00 is requested per applicant to reserve the room whilst the application is processed. If successful, this is credited towards the security deposit/rent.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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 50, Hakewill Way, Colchester
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