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See how verdicts work1-bedroom flat · CO3 4TA
No longer listedReduced £10k (−6.7%) on 21 JunListed 295 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Wilkin Court, Colchester, CO3 – Prettygate Location – Ground Floor One Bedroom Apartment An ideal first-time purchase, this ground floor apartment offers comfortable living all on one level and is available with no onward chain.
A welcoming entrance hall leads to a sizeable reception room, while the fitted kitchen provides space for appliances. The property also benefits from a tiled bathroom suite.
The generous master bedroom offers ample space for freestanding furniture. Externally, communal gardens surround Wilkin Court and are available for use by residents.
Location Highlights - Situated in a popular south-west Colchester (Prettygate) location, the property is within close proximity to local amenities and shops, with a regular bus network providing easy access to the city centre.
Leasehold Information - The lease is 125 years from 4 March 1991, with approximately 90 years remaining.
An annual service charge is payable at £673.03p per annum & ground rent at £10.00p per annum.
We advise all interested parties to confirm these details with their legal representative at an early stage of the conveyance to avoid any potential delays.
Viewings can be arranged via one of our consultants without delay - appointment required.
Leasehold Leasehold Information - The lease is 125 years from 4 March 1991, with approximately 90 years remaining.
An annual service charge is payable at £673.03p per annum & ground rent at £10.00p per annum.
We advise all interested parties to confirm these details with their legal representative at an early stage of the conveyance to avoid any potential delays.
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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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
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
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FAQ
About 5, Wilkin Court, Colchester
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