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This property was removed from Dealsourcr.

5 Bed HMO, Colchester, CO4 3BE £300,000

St Andrews Avenue, Colchester, CO4 3BE - 1 views - a year ago
  1. Deal Search
  2. Colchester
  3. CO4
  4. CO4 3BE
Sold STC
HMO
ROI: 3%
~178 m²

ValuationUndervalued

This may not be accurate, please check manually.

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Links

  • More Deals in Colchester
  • More Deals in CO4
  • More HMO Deals
  • More HMO Deals in Colchester
  • More HMO Deals in CO4

Property History

Listed for £300,000

October 4, 2024

Floor Plans

Description

  • 4/5 BEDROOM +
  • END TERRACE TOWNHOUSE +
  • WELL-PRESENTED +
  • GROUND FLOOR SHOWER +
  • KITCHEN/DINER +
  • FORMER HMO +
  • CLOSE TO UNIVERSITY +
  • CHAIN FREE +
  • COUNCIL TAX- B +
  • EPC- D +

Boydens is delighted to present this 5-bedroom family home, ideally situated within close proximity to Tesco and the University of Essex. This well-presented property offers versatile accommodation, making it an excellent opportunity for both family living and investment purposes.

The property is accessed via a composite front door, leading into a welcoming hallway. The ground floor features a spacious bedroom with an adjoining shower room, along with storage space beneath the staircase. On the first floor, the layout is split-level, including a generously sized kitchen/diner fitted with modern appliances. The kitchen area offers views of the staggered rear garden through its windows and doors. The lounge, currently divided by a stud wall to accommodate a fifth bedroom, can easily be restored to create a larger living space if desired.

The second floor comprises a modern, fully tiled bathroom suite, complete with a double-ended bath and overhead shower. Additionally, there are two double bedrooms and one single bedroom on this level.

The property benefits from double glazing and gas radiator heating. Externally, there is a driveway providing off-road parking for at least three vehicles, with gated access to an easily maintained rear garden. The garden features storage sheds and raised decking.

Previously utilized as an HMO, the property generated an income of £2,250 per calendar month. The current owner has confirmed that the property remained compliant until a few months ago.

Located on St Andrews Avenue, the property offers convenient access to the A12 and Colchester North Train Station, with links to London Liverpool Street in under one hour. The nearby Tesco and Waitrose provide convenient shopping options, while Colchester city centre is within easy reach, offering a range of shops, restaurants, theatres, and cinemas. The University of Essex is also just a short distance away, making this property well-suited to various types of buyers and investors.

Agent Details

Boydens, Colchester

01206 586167

Next Steps?

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

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Cashflows

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