3-bedroom detached house · CO1 1GY
Sold STCListed 122 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Wonderful 3 bedroom detached house in the Castellum Grange development. The price advertised represents purchasing a 50% share of the home.
About the Development Castellum Grange is an exciting new development situated in the heart of the historic town of Colchester.
Built by HBF 5* Builder, Persimmon.This development offers something for everyone with a mix of 2-bedroom houses, 2-bed apartments and some 3-bedroom homes set to launch later this year, all available to purchase with Shared Ownership.Castellum Grange will feature a permanent wildlife area, landscaped public open space, and designated play area for children of residents.
The development is also walking distance from Colchester Castle Park and it's gardens, allowing pedestrian access through to Colchester Town Centre.Colchester is the UK's oldest recorded town, and this historic market place is a thriving place to live!
Colchester is an idyllic place to live. Not only offering superb local amenities, unrivalled travel connections but also a town that is surrounded by historic charm.
Be sure to visit its very own castle and famous Roman ruinsAbout the Home This new home opens with a hallway which provides access to the downstairs WC and stairs to the first floor.
The ground floor also presents the spacious living room and the separate kitchen/diner..On the first floor, the landing provides access to two of the spacious bedrooms, the office and the three piece bathroom with shower over bath.
The second floor is where the master can be found. About the Area benefit from excellent transport links and plenty of green open spaces.
Colchester is halfway between Chelmsford and Ipswich on the A12, one of the main routes through Essex.
It's also well-connected to Harwich, Braintree and further afield locations like Stansted for connections to the nearest airport.Colchester boasts TWO train stations; Colchester North Station services the Great Eastern Mainline providing high-speed rail services into London Liverpool Street four times every hour in peak times, taking just 45 minutes to reach the capital.Colchester Town Station sits on the Sunshine Coast Line and provides services to nearby coastal towns, along with smaller villages such as Wivenhoe, Alresford and Great Bentley.Shared Ownership The Shared Ownership scheme is a Part Buy, Part Rent way of owning your own home for a smaller upfront payment.
With Shared Ownership, you buy a share of your home using a mortgage from a bank or building society and pay a subsidised rent on the share you did not purchase.
The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright.
You can buy a minimum 50% share of your home (the maximum you can buy initially is 75%).
When you’re ready, you can buy more shares until you staircase to owning 100% of your home.T&Cs*Please note images are for information purposes only and may not represent a true likeness for the units being sold.
Some or all images have been digitally furnished to represent how the home could be laid out and the final colours/appearance may differ from the images.*Services Charges will apply, speak to our Sales Agent for more information.
Costs are subject to change 3 bedroom detached house Flooring throughout Storage space Modern fitted kitchen Allocated parking Private garden 3 piece bathroom with shower over bath There will be an added service charge Disclaimer haart Estate Agents also offer a professional, ARLA accredited Lettings and Management Service.
If you are considering renting your property in order to purchase, are looking at buy to let or would like a free review of your current portfolio then please call the Lettings Branch Manager on the number shown above.
haart Estate Agents is the seller's agent for this property. Your conveyancer is legally responsible for ensuring any purchase agreement fully protects your position.
We make detailed enquiries of the seller to ensure the information provided is as accurate as possible. Please inform us if you become aware of any information being inaccurate.
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
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FAQ
About 31 Arclight Way, Cowdray Centre, Colchester
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