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 work3-bedroom house · CO7 9DE
Listing removedReduced £50k (−13.3%) on 20 JunListed 358 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Positioned in Lower Wivenhoe just a second from the waterfront proudly sits this charming cottage offer lots of potential.
Situated within walking distance from the mainline station with its fast links to London Liverpool Street and on the doorstep of Wivenhoe's Quayside and excellent local pubs, shops and riverside walks.
This period property currently offers three bedrooms, first floor bathroom and ground floor WC.
Open plan living room/ dining room, kitchen/ breakfast room, garden room along with a generous private rear garden. The property requires modernisation throughout.
Offered for sale with no onward chain. Living Room 20' 1" x 11' 4" (6.12m x 3.45m) Front door, window to front, fireplace, open plan living.
Dining Room 14' 4" x 10' 9" (4.37m x 3.28m) Double glazed window to rear, stairs to first floor.
Kitchen/Breakfast Room 13' 5" x 10' 6" (4.09m x 3.20m) Window to front, range of wall and base units, laminate worktops, radiator, tiled splash back, induction hob, oven, space for fridge/freezer, washing machine, stainless steel sink.
WC Low level WC and wash hand basin. Garden Room Windows to rear and side door opening into the garden.
Landing Doors leading to: Bedroom One 15' 3" x 10' 3" (4.65m x 3.12m) Double glazed window to front, radiator. Bedroom Two 11' 6" x 10' 2" (3.51m x 3.10m) Double glazed window to rear, radiator.
Bedroom Three 10' 2" x 9' 10" (3.10m x 3.00m) Double glazed window to front, radiator.
Bathroom Obscure window to rear, radiator, part tiled walls, low level WC, wash hand basin, low level WC, shower encloser. Rear Garden Enclosed by fencing and brick wall, garden shed.
Comments This property is timber framed
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
FAQ
About 7-9, West Street, Colchester
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