Summary - 174B ST ANDREWS AVENUE COLCHESTER CO4 3BE
5 bed 2 bath Terraced
Immediate income close to university, transport and shops.
Five licensed HMO rooms, fully let to professional tenants
Gross rent £2,535 pcm; reported net income c. £2,100 pcm
Recently refurbished: new combi boiler, updated shower, laminated floors
EPC C (73) with potential to improve to B (87)
Off-street parking for two cars and bike shed
Small overall size; compact rooms and low ceilings in places
High-crime, deprived area — affects long-term capital growth
Buyer must apply for new HMO licence (approx. £1,000)
This three-storey mid-terrace in Colchester is presented as a turnkey HMO investment with five fully let rooms and professional management in place. Recently refurbished with a new combi boiler, updated shower, laminated bedroom floors and a linked fire alarm system, it produces immediate income and requires minimal initial work. EPC is C (73) with potential to reach B (87).
The property sits close to the university, Tesco superstore, bus routes and leisure amenities, supporting strong tenant demand from students and professionals. Off-street parking for two cars, a compact kitchen/diner and emergency lighting/fire doors are practical benefits for HMO operation. Buyers should note the location is classified as a deprived, high-crime area and the overall plot and internal room sizes are small.
This sale is freehold and currently achieves £2,535 pcm gross, with reported net income after inclusive bills of approximately £2,100 pcm. The HMO is licensed but licences do not transfer; a new five-year licence (approx. £1,000) will be required on purchase, or the property could be reconfigured as a four-bed to avoid licensing. Converting the ground-floor bedroom to an en-suite is possible to increase appeal.
Suitable for investors seeking immediate rental yield from a recently refurbished, city-edge HMO. The property’s compact size and neighbourhood factors limit family appeal but underpin steady demand for rental accommodation near the university and transport links.
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