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 work2-bedroom house · CO1 2NS
Listing removedReduced £20k (−11.1%) on 31 JulListed 219 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
***guide price £180,000 - £190,000*** Offered for sale with no onward chain, 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, 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.
Palmer & Partners strongly recommend an early internal viewing to avoid disappointment 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.
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
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
.png){kind=logo}
FAQ
About 53, Spurgeon Street, Essex
Explore nearby
