Potential 4-Bed HMO, Colchester, CO4 0BL, £240,000

St. Annes Road, Colchester, Essex, CO4 0BL - 3 views - 8 months ago

HMO
ROI: 11%
~93 m²
+10 photos

ValuationUndervalued

Sold Prices£195K - £400K
Sold Prices/m²£2.1K/m² - £4.7K/m²

 

 

Square Metres

~93 m²
Price/m²£2.6K/m²

Value Estimate

£299,018
BMV25%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£60,000

Stamp Duty & Legal Fees

£13,200

Total Cash In

£73,200

 

 

Cash Out

 

Room Rate

£598

Gross Rent

£2,392

Running Costs/mo

£1,711

Cashflow/mo

£681

Cashflow/yr

£8,169

ROI

11%

Gross Yield

12%

Local Sold Prices

50 sold prices from £195K to £400K, average is £286.5K. £2.1K/m² to £4.7K/m², average is £3.3K/m².

PriceDateDistanceAddressBeds 
£278K11/210.03 mi19, Edison Gardens, Colchester, Essex CO4 0AJ3
£220K01/210.05 mi12, St Annes Road, Colchester, Essex CO4 0BN3
£230K05/210.06 mi6, Valentines Drive, Colchester, Essex CO4 0AG3
£217K11/200.08 mi41, Dilbridge Road West, Colchester, Essex CO4 0BJ3
£275K09/210.08 mi156, Ipswich Road, Colchester, Essex CO4 0AF3
£392K12/200.1 mi53, Ipswich Road, Colchester, Essex CO4 0EQ3
£317.5K07/230.12 mi88, Broadlands Way, Colchester, Essex CO4 0AR3
£288.5K06/210.13 mi18, Ripple Way, Colchester, Essex CO4 0AW3
£260K04/210.14 mi92, Ipswich Road, Colchester, Essex CO4 0AA3
£282.5K05/210.14 mi22, Ripple Way, Colchester, Essex CO4 0AW3
£215K03/210.14 mi160, Goring Road, Colchester, Essex CO4 0DB3
£350K02/230.16 mi35, St Andrews Gardens, Colchester, Essex CO4 3EQ3
£245K06/230.16 mi18, Fairhead Road North, Colchester, Essex CO4 0BW3
£370K07/230.17 mi15, St Andrews Gardens, Colchester, Essex CO4 3EQ3
£205K09/210.18 mi34, Gascoigne Road, Colchester, Essex CO4 0BP3
£320.5K12/200.19 mi40, Broadlands Way, Colchester, Essex CO4 0AN3
£307K06/230.21 mi26, Norfolk Crescent, Colchester, Essex CO4 0AX3
£310K06/230.22 mi302, Cowdray Avenue, Colchester, Essex CO1 1YA3
£220K06/210.22 mi308, Cowdray Avenue, Colchester, Essex CO1 1YA3
£275K07/230.23 mi38, Crown Bays Road, Colchester, Essex CO4 0BU3
£311.5K07/210.24 mi48, St Andrews Gardens, Colchester, Essex CO4 3EH3
£274K02/230.25 mi18, Havering Close, Colchester, Essex CO4 0AU3
£290K04/230.28 mi141, Harwich Road, Colchester, Essex CO4 3DB3
£240K01/210.28 mi141, Harwich Road, Colchester, Essex CO4 3DB3
£250K11/210.28 mi25, Goring Road, Colchester, Essex CO4 0DY3
£228K12/200.28 mi163, Harwich Road, Colchester, Essex CO4 3DB3
£210K11/200.31 mi212a, Harwich Road, Colchester, Essex CO4 3DE3
£345K11/220.31 mi208, Harwich Road, Colchester, Essex CO4 3DE3
£290K05/210.31 mi9, Rouse Way, Colchester, Essex CO1 2TT3
£200K11/200.33 mi34, Ipswich Road, Colchester, Essex CO1 2YE3
£292.5K01/210.33 mi26, Ipswich Road, Colchester, Essex CO1 2YE3
£238K02/230.33 mi34, Ipswich Road, Colchester, Essex CO1 2YE3
£337K08/220.34 mi294, Cowdray Avenue, Colchester, Essex CO1 1XZ3
£400K11/220.34 mi263, Ipswich Road, Colchester, Essex CO4 0EW3
£365K07/230.36 mi18, Wesley Avenue, Colchester, Essex CO4 3AT3
£280.5K03/210.36 mi11, Southland Close, Colchester, Essex CO4 0QH3
£283K03/210.36 mi14, Southland Close, Colchester, Essex CO4 0QH3
£288K05/210.36 mi24, River Bank Walk, Colchester, Essex CO1 1QJ3
£285K04/210.37 mi17, Booth Avenue, Colchester, Essex CO4 3BB3
£365K11/220.37 mi7, Wells Road, Colchester, Essex CO1 2YN3
£305.5K11/210.37 mi25, Harwich Road, Colchester, Essex CO4 3BP3
£305K12/220.37 mi1, The Causeway, Colchester, Essex CO4 0DJ3
£195K11/200.37 mi16, Harwich Road, Colchester, Essex CO4 3BN3
£300K06/210.38 mi4, Harold Collins Place, Colchester, Essex CO1 2GQ3
£362K03/210.38 mi2, Bury Close, Colchester, Essex CO1 2YR3
£306K05/230.38 mi8, Harold Collins Place, Colchester, Essex CO1 2GQ3
£225.9K01/210.39 mi249, Harwich Road, Colchester, Essex CO4 3DQ3
£285K12/200.4 mi26, Cloverlands, Colchester, Essex CO4 0QF3
£302.3K10/200.4 mi21, Cloverlands, Colchester, Essex CO4 0QF3
£308K07/230.4 mi32, Cloverlands, Colchester, Essex CO4 0QF3

Local Area Statistics

Population in CO4

47,789

Population in Colchester

214,734

Town centre distance

1.49 miles away

Nearest school

0.20 miles away

Nearest train station

0.81 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-16%

Sales demand

Seller's market

Capital growth (5yrs)

+16%

Property History

Price changed to £240,000

March 28, 2025

Listed for £250,000

September 4, 2024

Description

*GUIDE PRICE OF £240,000 - £260,000*

Calling Investors we are offering this 3 bedroom HMO property with tenants in SITU for sale.

The property has off-road parking, good size lounge, spacious kitchen and fantastic garden. Upstairs are three bedrooms with further access with potential planning for another living space with a Dorma.

This property is located off Ipswich road which means easy access to town centre and all local amenities.

Call to view now.

Agent Details

Abbotts, Colchester

01206 586064

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪