2-bedroom terraced house · CM8 1BP
Sold STCListed 45 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated within a short walk of the town centre and walking distance of the mainline railway station, is this two bedroom character home benefitting from two receptions, first floor bathroom and a private garden.
Upon entering the front door into the entrance hall which has stairs rising to the first floor and access to the living room which is dual aspect with a window to the front and side aspect and a feature fireplace.
The dining room has a window to the side aspect, feature fireplace and door to the kitchen as well as a door to the rear garden.
The kitchen has a range of wall and base units, butler sink inset to worksurface, space for a washing machine, integrated fridge/freezer, gas hob with oven beneath and extractor fan above.
There is a window to the side and a roof lantern.
The first floor landing gives access to the two bedrooms and bathroom which has an obscure window to the rear aspect, panel enclosed bath with shower over, wash hand basin and a W.C.
Bedroom one has a window to the front aspect and alcove for a wardrobe whilst bedroom two has a window to the rear aspect and is currently being used as an office/music room.
Outside The property is set behind a low wall with a front garden that is laid to block paving with shrubs and bushes.
The block paving continues round to the side of the property where there is gated pedestrian access to the rear garden.
The courtyard style garden is mainly laid to block paving with flower and shrub borders and is enclosed by fencing. At the foot of the garden there is a decked seating area.
Location Witham has a busy High Street complemented by a choice of supermarkets, banks, shops, bars and restaurants as well as a choice of schools and the recreational facilities offered at the Witham Leisure Centre and Benton Hall Golf & Country Club.
The town's railway station serves London's Liverpool Street Station, the journey taking some 45 minutes.
In addition the town is by-passed by the A12 trunk road providing access to the excellent Grammar and other schools in Colchester and Chelmsford.
To the north there is access to the A120 trunk road which is dualled west of Braintree, significantly reducing the travel time to Stansted Airport and the M11 motorway.
Directions Please use the postcode CM8 1BP for SatNav.
Important Information Council Tax Band - C Services - We understand that mains water, drainage, gas and electricity are connected to the property.
Tenure - Freehold EPC rating - tbc Ref - WIT260352/gas
Value & comps
No previous sales on record.
Returns
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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
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FAQ
About 72, Mill Lane, Essex
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