2-bedroom flat · CO2 0BH
Listing removedListed 263 days
Opportunity summary
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About
LARGER THAN AVERAGE TWO BEDROOM FIRST FLOOR FLAT WITH THE ADDED BONUS OF A LARGE STORAGE ROOM CURRENTLY UTILISED AS A HANDY THIRD SINGLE BEDROOM.
LOW CHARGES AND AN EXTENDED LEASE ON COMPLETION MAKES THIS A TERIFFIC BUY FOR INVESTORS AND FIRST TIME BUYERS.
***THE VENDOR IS IN THE PROCESS OF EXTENDING THE LEASE TO 177 YEARS**** Compared to most apartments on the market THIS IS A LARGE, READY TO MOVE INTO HOME with NO ONWARD CHAIN!
Situated to the South of Colchester just a short drive to Colchester Train Station and a bus route into the City Centre, this home offers an opportunity to own a deceptively spacious purpose-built apartment in requested part of the town.
The accommodation includes a bright and airy lounge/diner, fitted kitchen, contemporary newly refurbished bathroom and two double bedrooms along with another handy space currently used as a bedroom along with a communal garden space and off road parking.
Primary and secondary schools are within close distance, as is Mersea Island beaches. A MUST VIEW TO FULLY APPRECIATE THE SIZE AND ACCOMMODATION ON OFFER.
Communal Entrance Hall Security door leading to hallway with access to the rear garden. Stairs to first floor.
Entrance Hallway Central hallway with doors leading to: Lounge 15' 0'' x 14' 0'' (4.57m x 4.26m) A bright and airy space with large windows to front with shutters, feature fireplace, laminate flooring, opening to: Kitchen 9' 9'' x 8' 0'' (2.97m x 2.44m) Window to rear overlooking the communal gardens.
Stylish range of modern base and eye level white shaker style units with black worktops over.
Range style cooker to remain with extractor above, single drainer stainless steel sink unit with extendable swan mixer tap. Space for fridge/freezer and washing machine.
Gas central heating boiler housed in eye level cupboard, tiled flooring.
Family Bathroom 8' 0'' x 6' 11'' (2.44m x 2.11m) Stylish and recently refurbished with fully tiled walls and laminate flooring. Two obscured windows to the rear.
Wall hung vanity unit with matching tall wall mounted cupboard, panelled bath with fountain shower plus hand held shower attachment, low level WC.
Bedroom One 12' 0'' x 9' 10'' (3.65m x 2.99m) Window to front with shutters, laminate flooring. Bedroom Two 12' 4'' x 9' 10'' (3.76m x 2.99m) Window to rear, carpet flooring.
ULTRA LARGE STORAGE SPACE CURRENTLY USED AS A GUEST SPACE 8' 0'' x 5' 0'' (2.44m x 1.52m) A very handy additional space currently utilised as a guest single bedroom.
High level glazed window to bedroom one allowing natural light to flood though. Exterior REAR Communal garden providing outside space to enjoy. Clothes drying area and bin store.
FRONT Off road parking for one vehicle allocated. Agent's Notes The Seller has confirmed that a new lease will be paid for to extend the existing lease from 87 years to 125 years.
This will be started once a sale is agreed and will form part of the conveyancing process.
Value & comps
No previous sales on record.
Returns
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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 Holt Drive, Colchester, CO2
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