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5 bed house for sale Nicholsons Grove, Colchester, CO1

Guide price

£325,000

Added on 23/09/2026

Type: Terraced
Bedrooms: 5
Bathrooms: 2
Tenure: Ask agent

Council tax Band C £2,029 a year

Key features

HMO Currently Licensed
5 Let Rooms
£2890 Monthly
Gross Yield at £332,500 = 10.4%
Let by Leaders

About this property

Price Range £325,000 to £340,000

Attention Investors.

This current HMO is offered for sale immediatley and fully licensed. It currently has all rooms occupied and brings in a monthly income of £2,785. Based on the middle of the range that means a gross yield of 10.4%.

Great opportunity for a new investor to have an 'oven ready' property or for an established investor to increase their portfolio.

Council tax

Band C £2,029 a year

Per year

Band A

£1,522
Band B

£1,776
Band C

This home: £2,029
Band D

£2,283
Band E

£2,790
Band F

£3,297
Band G

£3,805
Band H

£4,566

This home is in band C, which costs £2,029 a year in Colchester for 2026/27.

Figures from MHCLG (Open Government Licence v3): the average bill for each band across Colchester, including the typical parish precept, so a parish's own bill can differ a little. Discounts lower the bill, such as 25% off for an adult living alone. Check a home's band on GOV.UK.

Price guide

35 comparables · within 3 miles

Cheaper than 86% of the 5+ bed houses for sale nearby right now.

This home, £325,000 Median £895,000 · £325,000 – £1,390,000

Compared with 35 5+ bed houses for sale within 3 miles, on the market now or already under offer. The range is the middle 80% of their asking prices.

Location

Nicholsons Grove, Colchester, CO1

Open map Street View

Mortgage and stamp duty

Property price £325,000

£162k £488k

Deposit10% £33,000

£0 £325k

Interest rate 4.5%

0.5% 15%

Repayment period 25 years

5 years 40 years

A £292,000 mortgage. Most lenders would want a household income of about £65,000 to support it.

A guide only, for a capital repayment mortgage. The rate you are offered and what you can borrow depend on your circumstances and a full application with a lender or broker. Your home may be repossessed if you do not keep up repayments on your mortgage.

Properties sold nearby

HM Land Registry sales nearby. Floor areas from Energy Performance Certificates where matched.

Address	Type	Sold	Size	Size	£/sq ft	Price
4, Nicholsons Grove Terraced	Terraced	Sept 2025	1,119 sq ft £255/sq ft	1,119 sq ft	£255	£285,000
14, Nicholsons Grove Flat / maisonette	Flat / maisonette	Nov 2024	592 sq ft £257/sq ft	592 sq ft	£257	£152,000
33, Nicholsons Grove Flat / maisonette	Flat / maisonette	Nov 2024	452 sq ft £305/sq ft	452 sq ft	£305	£138,000
15, Nicholsons Grove Flat / maisonette	Flat / maisonette	Nov 2023	549 sq ft £337/sq ft	549 sq ft	£337	£185,000
36, Nicholsons Grove Flat / maisonette	Flat / maisonette	Sept 2023	646 sq ft £263/sq ft	646 sq ft	£263	£170,000
60, Nicholsons Grove Flat / maisonette	Flat / maisonette	Mar 2023	463 sq ft £319/sq ft	463 sq ft	£319	£147,500
8, Nicholsons Grove Flat / maisonette	Flat / maisonette	Sept 2022	570 sq ft £285/sq ft	570 sq ft	£285	£162,500
49, Nicholsons Grove Flat / maisonette	Flat / maisonette	Aug 2022	409 sq ft £354/sq ft	409 sq ft	£354	£145,000