Summary - 10, Colet Crescent CO2 7WB
5 bed 2 bath End of Terrace
Ready-let opportunity with strong projected yield in popular Colchester area.
- Chain free, sold via modern auction
- Five bedrooms across three floors, HMO licensed and let
- Estimated annual rental income circa £30,000*
- Off-street parking/carport and enclosed rear garden
- Built 2003–2006 with double glazing and mains gas heating
- Currently tenanted; vendor may re-house for vacant possession
- Above-average local crime; purchasers should assess neighbourhood risk
- Measurements, appliances and title not verified; buyer checks advised
A five-bedroom, three-storey end-terrace offered chain-free and sold via modern auction — a clear option for investors seeking immediate income or buyers who want a quick move. Currently operating as a fully licensed, tenanted HMO with an estimated annual income of £30,000*, the property is ready to let from day one for a purchaser who wishes to retain the existing setup.
For a family, the house offers generous bedroom space across three floors, an enclosed rear garden and off-street parking. Constructed in the mid-2000s with double glazing and mains gas central heating, the layout is practical and low-risk for structural surprises. Local schools include several well-regarded primaries and secondary options, and the area benefits from fast broadband and excellent mobile signal.
Buyers should note material points plainly: the property is sold at auction and currently occupied by tenants (vendor to re-house if vacant possession required), and the neighbourhood records above-average crime levels. Measurements are guidance only; services, appliances and legal title have not been verified and should be checked by purchasers prior to bidding.
This is a straightforward, flexible opportunity — choose immediate rental income by continuing the HMO operation, or convert to a spacious family home. The auction route and clear HMO credentials make this particularly suitable for investors or buyers prepared to move quickly.
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