2-bedroom terraced house · CO1 2NS
Let agreedReduced £100 (−10%) on 29 AugListed 68 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Palmer & Partners are pleased to present this two-bedroom end-of-terrace house, ideally situated in the sought-after south-east of Colchester.
The property enjoys a convenient location close to Hythe Station, providing direct mainline links to London Liverpool Street, while also offering excellent access to the town centre, A12, and a range of local schools, shops, and amenities.
The property has been recently improved, having been redecorated throughout, with a new roof, new rear windows, new carpets to be fitted and a newly installed boiler.
The accommodation begins with a kitchen leading through to a cosy lounge and a ground floor bathroom. To the first floor, there are two comfortable bedrooms.
Externally, the property benefits from a generously sized rear garden, providing a private outdoor space ideal for entertaining or relaxing.
The elevated position of the neighbouring churchyard adds a unique sense of character and tranquillity. This property is offered unfurnished and is available now!
Kitchen (3.1m x 1.7m) Lounge (3.33m x 3.12m) Bathroom (1.6m x 2.3m) Main Bedroom (3.48m x 2.54m) Bedroom Two (2.46m x 2.36m)
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
FAQ
About 53, Spurgeon Street, Essex
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