1-bedroom flat · CO4 5GS
Listing removedListed 95 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Spacious one bedroom apartment within easy walking distance of colchester north station.
Positioned on the first floor the property has a kitchen, living room with windows to three aspects, double bedroom with built-in wardrobes, bathroom with shower fitted over bath.
Outside there is an allocated parking space plus visitors parking.
The property is offered with vacant possession but is currently occupied by reliable tenants paying £850 pcm, who would be interested in staying on if the purchaser is a landlord investor - if management is continued with Gallant Richardson then a rent guarantee would be available.
Entrance Hall (1.03 x 3.61 (3'4" x 11'10")) Two large built-in cupboard, one housing the hot water cylinder, electric storage heater, laminated wooden flooring Living Room (6.32 x 3.27 (20'8" x 10'8")) Light and airy room with windows to the front, rear and side, electric heater, laminated wooden flooring Kitchen (2.26 x 2.91 (7'4" x 9'6")) Window to the front, fitted with a range of wall and floor mounted units and work surfaces with inset stainless steel sink unit with mixer tap over, free standing cooker, space for fridge/ freezer, washing machine and tumble dryer, electric fan heater, ceramic tiled floor Bedroom (2.83 x 3.02 (9'3" x 9'10")) Window to the rear, electric heater, built in wardrobes with mirrored sliding doors, laminated wooden flooring Bathroom (2.25 x 1.96 (7'4" x 6'5")) Window to the front, panel bath with shower fitting over, pedestal wash basin and low level WC, wall mounted electric heater, extractor fan Lease 125 Year Lease from 15 December 2006 105 Years Remaining Ground Rent: Currently £216.000 per annum Service Charge: Currently £1083.10 Tenancy The property is offered with vacant possession but is currently occupied by reliable tenants paying £850 pcm who would be interested in staying on if the purchaser is a landlord investor - if management is continued with Gallant Richardson then a rent guarantee would be available.
Material Information Leasehold. First floor Colchester City Council Council Tax Band B No onward Chain sale Standard brick faced construction with tiled roof.
Mains electricity, water and drainage / sewerage are all connected.
Broadband speeds: 10 - 80 Mbps We believe normal broadband is available via a BT Openreach line or via cable with Virgin Media, please check: We believe normal mobile phone coverage is available but please check with your supplier.
Disclaimer Every care has been taken with the presentation of these Particulars but complete accuracy cannot be guaranteed.
If there is any point, which is of particular importance to you, please obtain professional confirmation. Alternatively, we will be pleased to check the information for you.
These Particulars do not constitute a contract or part of a contract. Anti Money Laundering We are required by law to conduct anti-money laundering checks on all those buying a property.
Whilst we retain responsibility for ensuring checks and any ongoing monitoring are carried out correctly, the initial checks are carried out on our behalf by Lifetime Legal who will contact you once you have had an offer accepted on a property you wish to buy.
The cost of these checks is £60 (incl. VAT), which covers the cost of obtaining relevant data and any manual checks and monitoring which might be required.
This fee will need to be paid by you, directly to Lifetime Legal, in advance of us issuing a memorandum of sale and is non-refundable.
We will receive some of the fee taken by Lifetime Legal to compensate for its role in the provision of these checks. This fee is non-refundable under any circumstances.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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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 18, Bardsley Close, Colchester
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