2-bedroom flat · CO1 2XS
To rentListed 14 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A spacious and well-presented two bedroom top floor apartment, conveniently located within walking distance of Colchester Town Centre and Colchester Town Train Station.
Two allocated parking spaces are included.
Conveniently situated within walking distance of Colchester's historic town centre, with many restaurants, bars and shops, as well as Colchester Town Station, is this well-presented and spacious two bedroom top floor apartment.
Entering via the communal entrance, stairs lead to the top floor and the flat front door giving access to the long hallway with doors to all principle rooms.
The two bedrooms, one of large double size, are located to the right, with a modern bathroom slightly further down the hallway.
A door at the end of the hall opens up into a spacious lounge, which features a bay window and an opening through to the kitchen complete with appliances.
Externally, the property benefits from two allocated parking spaces. The property is offered unfurnished. Please note the photos were taken prior to current tenancy.
Important Information Letting information The rent is exclusive of utilities and council tax.
Deposit: £1269.23 Availability: Mid/Late October Council tax band B EPC rating C Services - We understand that mains water, drainage are connected to the property.
Broadband Availability - Standard, Superfast and ultrafast available (Ofcom Broadband Checker - October 2026).
Mobile Coverage - It is understood that the best available mobile coverage in the area is provided by O2, EE, Vodafone and Three.
(Ofcom Mobile Checker – October 2026) Holding deposit Prospective applicants will be required to pay a Holding Deposit to Fenn Wright, equivalent to a maximum of 1 week's rent.
Once the holding deposit has been received, Fenn Wright will suspend marketing of the rental property for a period of 15 calendar days subject to referencing commencing promptly.
Upon successful references being completed, acceptable and the tenancy being confirmed by Fenn Wright, the holding deposit paid will then contribute towards the first month's rental payment.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About 38, Nicholsons Grove, Colchester
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