4-bedroom house · CO3 3BD
Listing removedReduced £50k (−9.1%) on 24 JunListed 161 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Guide price: £550,000 - £575,000.
Occupying a prestigious position along one of Colchester’s most desirable residential roads, this substantial four-bedroom detached residence presents an exciting opportunity to create a truly exceptional family home, all within easy reach of the city centre and some of the area’s most highly regarded schools, including the grammar schools on Lexden Road and Hamilton Road Primary School.
Set behind a private frontage with driveway parking, the property offers an abundance of character and generously proportioned accommodation throughout.
While the house would benefit from modernisation in most areas, it provides the perfect canvas for buyers seeking to renovate and personalise a home in a prime location.
Notably, the two bathrooms have already been recently updated to a high standard, offering stylish and contemporary spaces ready for immediate use.
The ground floor has been extended to the rear, creating spacious and versatile living areas with excellent potential for reconfiguration and enhancement.
The principal reception room is filled with natural light and retains attractive period features, while the kitchen and dining areas offer ample space for modern family living and entertaining.
To the first floor are four well-sized bedrooms, all offering flexibility for growing families, guest accommodation, or home working requirements.
The recently fitted bathrooms feature modern fixtures and fittings, finished with a clean and contemporary design.
Externally, the rear garden enjoys a peaceful outlook backing onto established allotments, creating a private and tranquil setting rarely found so close to the city centre.
A standout feature of the property is the substantial detached outbuilding extending to over 850 sq ft.
Previously used as a doctor’s surgery and school, the building is currently arranged into several rooms and offers exceptional potential for a wide range of uses, including home offices, a studio, gym, consultancy space, or possible annexe conversion, subject to the necessary consents.
Offered with no onward chain, this is a rare opportunity to acquire a characterful home with enormous scope for improvement and future value enhancement in one of Colchester’s most sought-after locations.
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 224, Maldon Road, Colchester
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