3 Bed Semi-Detached House, Refurb/BRRR, Colchester, CO4 0EL, £325,000

Ipswich Road, Colchester, Colchester, CO4 0EL - 11 views - 3 months ago

Refurb/BRRR
ROI: 6%
~93 m²
+18 photos

ValuationOvervalued

Sold Prices£200K - £400K
Sold Prices/m²£2.1K/m² - £4.7K/m²

 

 

Square Metres

~93 m²
Price/m²£3.5K/m²

Value Estimate

£297,083

 

 

End Value (After Refurb)

£292,626

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£81,250

Stamp Duty & Legal Fees

£14,700

Refurb Costs

£44,000

Bridging Loan Interest

£8,531

Total Cash In

£150,231

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£292,626

Mortgage (After Refinance)

£219,470

Mortgage LTV

75%

Cash Left In

£150,231

Equity

£73,157

Rent Range

£1,250 - £3,900

Rent Estimate

£2,054

Running Costs/mo

£1,345

Cashflow/mo

£709

Cashflow/yr

£8,505

ROI

6%

Gross Yield

8%

Local Sold Prices

50 sold prices from £200K to £400K, average is £286.5K. £2.1K/m² to £4.7K/m², average is £3.3K/m².

PriceDateDistanceAddressBeds 
£230K05/210.06 mi6, Valentines Drive, Colchester, Essex CO4 0AG3
£275K09/210.08 mi156, Ipswich Road, Colchester, Essex CO4 0AF3
£215K03/210.09 mi160, Goring Road, Colchester, Essex CO4 0DB3
£288.5K06/210.11 mi18, Ripple Way, Colchester, Essex CO4 0AW3
£278K11/210.11 mi19, Edison Gardens, Colchester, Essex CO4 0AJ3
£282.5K05/210.11 mi22, Ripple Way, Colchester, Essex CO4 0AW3
£307K06/230.12 mi26, Norfolk Crescent, Colchester, Essex CO4 0AX3
£320.5K12/200.13 mi40, Broadlands Way, Colchester, Essex CO4 0AN3
£317.5K07/230.14 mi88, Broadlands Way, Colchester, Essex CO4 0AR3
£220K01/210.17 mi12, St Annes Road, Colchester, Essex CO4 0BN3
£217K11/200.18 mi41, Dilbridge Road West, Colchester, Essex CO4 0BJ3
£205K09/210.21 mi34, Gascoigne Road, Colchester, Essex CO4 0BP3
£274K02/230.21 mi18, Havering Close, Colchester, Essex CO4 0AU3
£245K06/230.21 mi18, Fairhead Road North, Colchester, Essex CO4 0BW3
£392K12/200.21 mi53, Ipswich Road, Colchester, Essex CO4 0EQ3
£400K11/220.23 mi263, Ipswich Road, Colchester, Essex CO4 0EW3
£260K04/210.24 mi92, Ipswich Road, Colchester, Essex CO4 0AA3
£310K06/230.25 mi302, Cowdray Avenue, Colchester, Essex CO1 1YA3
£220K06/210.26 mi308, Cowdray Avenue, Colchester, Essex CO1 1YA3
£280.5K03/210.26 mi11, Southland Close, Colchester, Essex CO4 0QH3
£283K03/210.26 mi14, Southland Close, Colchester, Essex CO4 0QH3
£350K02/230.27 mi35, St Andrews Gardens, Colchester, Essex CO4 3EQ3
£370K07/230.28 mi15, St Andrews Gardens, Colchester, Essex CO4 3EQ3
£250K11/210.28 mi25, Goring Road, Colchester, Essex CO4 0DY3
£275K07/230.29 mi38, Crown Bays Road, Colchester, Essex CO4 0BU3
£285K12/200.29 mi26, Cloverlands, Colchester, Essex CO4 0QF3
£302.3K10/200.29 mi21, Cloverlands, Colchester, Essex CO4 0QF3
£308K07/230.29 mi32, Cloverlands, Colchester, Essex CO4 0QF3
£305K12/220.32 mi1, The Causeway, Colchester, Essex CO4 0DJ3
£337K08/220.33 mi294, Cowdray Avenue, Colchester, Essex CO1 1XZ3
£210K11/200.34 mi212a, Harwich Road, Colchester, Essex CO4 3DE3
£345K11/220.34 mi208, Harwich Road, Colchester, Essex CO4 3DE3
£228K12/200.34 mi163, Harwich Road, Colchester, Essex CO4 3DB3
£290K04/230.34 mi141, Harwich Road, Colchester, Essex CO4 3DB3
£240K01/210.34 mi141, Harwich Road, Colchester, Essex CO4 3DB3
£311.5K07/210.35 mi48, St Andrews Gardens, Colchester, Essex CO4 3EH3
£367.5K11/200.36 mi5, Mountain Ash Close, Colchester, Essex CO4 0QB3
£288K05/210.38 mi24, River Bank Walk, Colchester, Essex CO1 1QJ3
£235K08/210.4 mi71, Hazelton Road, Colchester, Essex CO4 3DS3
£225.9K01/210.41 mi249, Harwich Road, Colchester, Essex CO4 3DQ3
£290K05/210.42 mi9, Rouse Way, Colchester, Essex CO1 2TT3
£365K07/230.43 mi18, Wesley Avenue, Colchester, Essex CO4 3AT3
£365K11/220.44 mi7, Wells Road, Colchester, Essex CO1 2YN3
£300K06/210.44 mi8, St Fillan Road, Colchester, Essex CO4 0PT3
£200K11/200.45 mi34, Ipswich Road, Colchester, Essex CO1 2YE3
£292.5K01/210.45 mi26, Ipswich Road, Colchester, Essex CO1 2YE3
£238K02/230.45 mi34, Ipswich Road, Colchester, Essex CO1 2YE3
£260K06/210.45 mi99, Hazelton Road, Colchester, Essex CO4 3DX3
£290K12/200.45 mi12, Carlisle Close, Colchester, Essex CO1 2YT3
£367.5K02/210.45 mi18, St Dominic Road, Colchester, Essex CO4 0PY3

Local Rents

32 rents from £1.3K/mo to £3.9K/mo, average is £1.6K/mo.

RentDateDistanceAddressBeds 
£1,55004/250.06 mi-3
£1,30003/240.25 miCowdray Avenue,Colchester, CO13
£1,30005/240.25 miCowdray Avenue,Colchester, CO13
£1,30005/240.25 miCowdray Avenue,Colchester, CO13
£1,50012/240.33 mi-3
£1,27501/250.34 mi-3
£1,50002/240.37 mi-3
£3,90003/250.37 mi-3
£1,65003/250.37 mi-3
£1,45003/240.4 mi-3
£1,45003/240.4 miMeander Mews, Colchester, CO13
£1,45003/240.4 miMeander Mews, Colchester, CO13
£1,55002/250.42 mi-3
£1,40012/240.42 mi-3
£1,85005/240.45 miRiverside Place, Colchester3
£1,45004/240.45 miRouse Way, Colchester, CO1 2TT3
£1,45003/240.46 miReed Walk , Colchester, Essex, CO1 1QE3
£2,70005/240.52 mi-3
£2,99502/240.52 mi-3
£2,50004/240.52 mi-3
£3,10004/240.52 mi-3
£3,90012/240.52 mi-3
£3,50012/240.52 mi-3
£3,90012/240.52 mi-3
£3,50004/250.52 mi-3
£1,40003/240.52 miEast Street, Colchester3
£1,65002/240.54 mi-3
£1,60005/240.54 mi-3
£1,25001/250.54 mi-3
£1,60003/250.54 mi-3
£1,70003/250.58 mi-3
£1,35012/240.6 miHarwich Road, Colchester, Essex, CO43

Local Area Statistics

Population in CO4

47,789

Population in Colchester

214,734

Town centre distance

1.55 miles away

Nearest school

0.20 miles away

Nearest train station

0.91 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-16%

Sales demand

Seller's market

Capital growth (5yrs)

+16%

Property History

Listed for £325,000

January 15, 2025

Floor Plans

Description

  • Three Bedroom Semi-Detached Family Home +
  • Potential To Improve +
  • Three Bedrooms & Two Attic Rooms +
  • Large Living Room +
  • Dining Room +
  • Fitted Kitchen +
  • First Floor Family Bathroom +
  • Enclosed Rear Garden & Off Road Parking +
  • Garage +
  • No Onward Chain +

Situated in a prime North Colchester position, this excellent three bedroom semi-detached family home is offered to the open market with the added benefit of no onward chain and ready to be occupied without delay. Within easy access to an array of useful amenities, shops, transport links and schools it offers itself as the ideal family home. Offering any prospective purchase the ideal canvas to improve upon, the property could benefit from modernisation throughout but offers a wealth of both reception and bedroom space throughout. Highlights include; a welcoming entrance hall, fitted kitchen, large living room, dining room, two double bedrooms, sizeable third bedroom and two attic rooms with central heating (not tested) and Velux windows. Outside, any prospective owner will inherit a large front driveway offering off road parking for multiple vehicles, a double width garage and a well-proportioned 'L-shape' garden. Viewings are available and can be arranged via one of our consultants without delay.

Agent Details

Michaels Property Consultants Ltd, Colchester

01206 586143

Next Steps?

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