2-bedroom flat · CO2 8LE
To rentListed 775 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This two bedroom apartment is situated in the sought-after Spiritus House on Caelum Drive.
This fully furnished residence is ideal for academics or professionals seeking a stylish and convenient lifestyle.
Offering an inviting space, the apartment features a spacious layout comprising of a newly fitted kitchen complete with integrated fridge freezer, washer dryer and oven and hob.
Leading from the living area is a private balcony, The property boats two bright and spacious double bedrooms both befitting from ample storage furniture and study desks.
One of the bedrooms also has its own private balcony.
Situated within walking distance to Essex University and a short stroll to The Hythe Train Station, this apartment provides unparalleled convenience for commuting and accessing The University.
Offered fully furnished and available September 2024. Boasting a prime location, this residence is also surrounded by an array of amenities, making daily living effortless and enjoyable.
With the closest bus stop, The Hythe, Colne Causeway, a mere 0.18km away, and the Hythe (Essex) railway station just 0.46km from your doorstep, transportation is a breeze.
Youll also appreciate the proximity to premier supermarkets such as Premier (0.19km) and Colchester Hythe Superstore (0.4km), as well as dining options like Zhoosh (0.23km) and King Grill (0.3km), ensuring that every necessity is within easy reach.
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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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
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FAQ
About Flat 26 Spiritus House,, Spiritus House, Colchester
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