ValuationUndervalued

‌
‌
‌
‌
‌
‌
‌
‌
‌
‌

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£81,250£81,250
Stamp Duty & Legal Fees	£23,700£23,700
Total Cash In	£104,950£104,950

Cash Out
Room Rate	£425£425
Gross Rent	£2,550
Running Costs/mo	£2,208£2,208
Cashflow/mo	£342£342
Cashflow/yr	£4,102£4,102
ROI	4%4%
Gross Yield	9%9%

Local Sold Prices

5 sold prices from £435K to £1.1M, average is £1.1M. £3.1K/m² to £3.9K/m², average is £3.5K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£435K	01/22	1.58 mi	11, Williams Walk, Colchester, Essex CO1 1TS	£3,129	139	6	Detached House
£690K	08/21	1.62 mi	43, East Stockwell Street, Colchester, Essex CO1 1SS	-	-	6	Semi-Detached House
£1.1M	05/21	2.19 mi	9, Oxford Road, Colchester, Essex CO3 3HN	£3,363	342	6	Terraced House
£1.1M	03/25	2.3 mi	24, Inglis Road, Colchester CO3 3HU	£3,925	293	6	Detached House
£1.1M	05/23	2.33 mi	17, Beverley Road, Colchester, Essex CO3 3NG	£3,621	290	6	Detached House

Property History

Listed for £325,000

February 3, 2025

Sold for £210,500

2016

Floor Plans

Description

Licenced HMO +
Company let at £2550PCM, they pay the utilities +
Contract to 1st September 2026 with potential to renew +
6 bedrooms +
Guide Price £325,000 - £350,000 +
Photos taken prior to current occupation +

* Guide price £325,000 - £350,000*

Located to the east of Colchester, this excellent opportunity presents a licensed HMO currently rented at £2,505 PCM, with the tenant company covering utility bills. The property, modernised and designed by the current owner to meet the requirements of the Essex Amenity Standards, boasts six bedrooms, one bathroom, and two shower rooms. For more details, please contact us to discuss further.

Currently let until 1st September 2026, with the possibility negotiating a renewal of the contract this property offers an excellent yield of 8.7 -9.1% based on our guide price.

Agent Details

TAUK, Covering Nationwide

020 3910 6171

Next Steps?

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

6 Bed HMO, Colchester, CO4 3LZ £325,000