4-bedroom house · CO2 7FS
Sold STCReduced £25k (−6.7%) on 10 SepListed 81 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Offered, for sale, with no ongoing chain a spacious three/four bedroom townhouse built by Bovis in 2012 and offering excellent accommodation over three floors in this highly regarded residential area within easy reach of Colchester city centre and railway station.
Entrance door to entrance hall with stair flight to first floor and cloakroom with wash basin and low level WC.
The well appointed kitchen/breakfast room has fitted work surfaces with cupboards and drawers under, inset one and a half bowl sink, four ring gas hob with cooker hood over, built in double oven and grill, integrated fridge/freezer and washing machine, fitted wall units one of which houses the gas fired boiler, dual aspect windows.
There is a ground floor dining room which could be used as a study or bedroom if required with dual aspect windows and door to the rear garden.
On the first floor is a stair flight to second floor and there is a spacious lounge with dual aspect windows and a bedroom.
On the second floor the landing has a cupboard housing the hot water tank, and bedroom one has single built in wardrobe, dual aspect windows and an en suite shower room with tiled shower cubicle, wash basin and low level WC.
There is an additional bedroom and bathroom with panelled bath, wash basin and low level WC.
Outside There is a pleasant garden which is mainly lawned and enclosed by fencing/walling with gated access leading to the carport.
Location The property occupies a lovely position in this popular residential area close to Abbey Fields, Colchester railway station and city centre with its excellent range of shopping and recreational facilities, wine bars, restaurants and Mercury Theatre.
Directions Please use postcode CO2 7FS for Satnav. Important Information Council Tax Band - D Services - We understand that mains water, drainage, gas and electricity are connected to the property.
Tenure - Freehold EPC Rating - C Ref - COL260599/gb Agents Note We are advised by the vendors that there is an estate service charge (most recent equivalent to £115.14 for a full year).
Value & comps
No previous sales on record.
Returns
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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 2, Lancer Street, Essex
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