Summary - 30 NEW TOWN ROAD COLCHESTER CO1 2EF
14 bed 6 bath Detached
Substantial multi-room income property ideal for experienced landlords.
14 study bedrooms and three separate kitchens
A substantial early-20th-century detached property arranged over three floors, currently operated as a student HMO and producing strong rental income. The layout includes 14 study bedrooms, three kitchens and six shower rooms — designed for high-occupancy lettings and flexible for continued HMO use or conversion (subject to consents). A large rear garden, gated frontage and off-street parking with a cart lodge provide scope for added income or amenity enhancement.
Financially the house is set up as an investment: current gross income and predicted rental figures equate to a high yield (c.11–11.9%). It has been continuously let for many years and can be sold furnished and tenanted or with vacant possession, giving an investor straightforward options to retain income or re-plan the asset.
Buyers should note practical considerations: the property sits in a very deprived, cosmopolitan student neighbourhood — that supports strong demand for HMOs but may not suit owner-occupiers seeking a quiet family location. Period elements (timbered gable, bay windows) add character but parts of the building will need ongoing upkeep; some installations (double glazing install date) are unknown and any conversion of the cart lodge or further subdivision will require planning and building-regulation consents. The property is freehold, on mains gas with gas central heating and no reported flood risk.
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