3-bedroom house · CO5 8PR
For saleListed 158 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
***guide price £425,000-£450,000*** We are delighted to offer this delightful three bedroom detached family home benefiting from a detached garage, driveway and a good size rear garden.
Overview ***guide price £425,000-£450,000*** We are delighted to offer this delightful three bedroom detached family home benefiting from a detached garage, driveway and a good size rear garden.
This lovely house has been well looked after and modernised over recent years and is within close proximity to the beach on Mersea Island, local shops and amenities.
Entrance hall Stairs to first floor, oak flooring, understairs recess, radiator. Cloakroom Low level WC, pedestal wash basin, obscure double glazed window to side.
Kitchen/diner 17' 10" x 9' 9" (5.44m x 2.97m) Ceramic sink, base and eye level cupboards, work surfaces, breakfast bar, built in washing machine and dishwasher, larder cupboard, built in double oven, hob and extractor fan, space for fridge freezer, radiator, oak flooring, double glazed window and sliding patio doors to rear.
Lounge 15' 9" x 11' 9" (4.8m x 3.58m) Double glazed window to front, French doors to rear, oak flooring, radiator, Log burner.
Landing Double glazed window to front, access to loft space, storage cupboard. Bedroom one 15' 9" x 8' 9" (4.8m x 2.67m) Double glazed windows to front and rear, double wardrobe, radiator.
Bedroom two 10' 9" x 9' 8" (3.28m x 2.95m) Double glazed window to rear, radiator. Bedroom three 9' 9" x 7' 7" (2.97m x 2.31m) Double glazed window to rear, radiator, built in wardrobe.
Bathroom Claw feet bath, washbasin, low level WC, chrome heated towel rail, obscure double glazed window to front.
Outside There is a driveway to the side providing off road parking leading a detached garage with up and over door.
Side access to the rear garden which is a generous size being mainly laid to lawn with some shrubs, patio area, log store, oil tank and boiler(approx 8 years old).
Value & comps
No previous sales on record.
Returns
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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
FAQ
About 3, Gainsborough Close, Colchester
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