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See how verdicts work1-bedroom flat · CO2 7FA
Sold STCListed 179 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
OVERVIEW ***GUIDE PRICE of £125,000 - £150,000 ***INVESTMENT ONLY*** A modern one bedroom apartment located in Colchester City Centre on the second floor with an allocated parking space.
The property benefits from open plan living and a bathroom. Currently let at £695pcm until February 2024 with the rental potential of £750pcm.
OPEN PLAN LIVING SPACE 13' 6" x 12' 11" (4.11m x 3.94m) BEDROOM 12' 11" x 9' 3" (3.94m x 2.82m) BATHROOM 7' 9" x 6' 5" (2.36m x 1.96m) OUTSIDE Allocated parking space AGENTS NOTES EPC - TBC Council Tax Band - B Service Charge (£PA) £1,139.72 Ground Rent (£PA) £300 Lease Remaining 117 years
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
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