Summary - 79 79 Osborne Street, Colchester CO2 7DP
5 bed 1 bath Terraced
Five licensed bedsits with immediate rental potential for hands-on investors.
• Fully HMO licensed five bedsits with kitchenettes in each room
• City-centre location; short walk to station, shops and Castle Park
• Sold by modern auction — undisclosed reserve and buyer fees apply
• Non-refundable reservation fee 4.5% (min £6,600) plus up to £349 admin
• Small property c.638 sq ft; very small courtyard, limited communal space
• No central heating system; electric wall heaters currently assumed
• Solid brick walls with no insulation (likely upgrade needed)
• Area has very high crime and is in a deprived neighbourhood
This compact mid-terrace in central Colchester is presented as a ready-made income opportunity: five licensed bedsits, communal shower room and kitchenettes in each room. Located within walking distance of shops, the station, Castle Park and a dense catchment of students and professionals, it suits an investor seeking immediate HMO income or short-term refurbishment and re-letting.
The building dates from before 1900 and is a three-storey Victorian terrace with solid brick walls and no obvious insulation. There is no central heating system present; rooms currently rely on wall-mounted electric heaters. The property is small (c. 638 sq ft total) with a very small courtyard garden and will require updating to improve energy efficiency and tenant comfort.
Sold by Modern Method of Auction: the sale is subject to an undisclosed reserve price, a non-refundable reservation fee (4.5% of purchase price, minimum £6,600 inc. VAT) and buyer administration costs (up to £349 inc. VAT). Buyers must complete within 56 days and carry out their own due diligence; a Buyer Information Pack is available.
This is a clear investor proposition: HMO-licensed and city-centre positioned, but expect refurbishment, potential structural or services surveys, higher local crime levels and ongoing management needs. If you can budget for works and fees, the layout and licence reduce initial planning hurdles for re-letting.
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