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 terraced house · CM8 2RG
Sold STCListed 259 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Guide Price £225,000 - £240,000 Three Bedroom End-of-Terrace House | Refurbishment Opportunity | Walking Distance to Station An excellent investment or refurbishment opportunity, this three-bedroom end-of-terrace house is ideally positioned within walking distance of Witham's mainline train station.
Offering generous accommodation and strong potential to add value, the property will appeal to investors, developers, and buyers looking for a project.
The accommodation comprises a lounge to the rear of the property, a kitchen/diner to the front, and a ground floor cloakroom.
To the first floor, there are three bedrooms and a family bathroom, providing a practical layout for family living.
Externally, the property benefits from a rear garden and a garage, adding further appeal and potential for improvement.
While the home requires updating and modernisation throughout, it offers significant scope to refurbish and personalise, presenting a fantastic opportunity to create a well-located family home or rental investment.
Early viewing is recommended to fully appreciate the potential on offer.
Area - Witham, Essex Witham is a popular and well-connected Essex town, particularly attractive to commuters thanks to its mainline railway station providing direct services to London Liverpool Street.
The town centre offers a range of shops, supermarkets, cafés, and leisure facilities, along with local schools and green spaces.
Excellent road links via the A12 provide easy access to Chelmsford, Colchester, and the M25, while the surrounding countryside offers a balance of town convenience and outdoor living.
With ongoing development and strong demand, Witham continues to be a sought-after location for both homeowners and investors. Tenure: Freehold
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
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 starting price
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 Court Nine, Virgil Road, Witham
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