1-bedroom flat · CO4 5ZF
For saleReduced £5k (−5%) on 9 SepListed 209 days
Opportunity summary
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About
Summary We are acting in the sale of the above property and has received an offer of £108,000 on the above property.
Any interested parties must submit any higher offers in writing to the selling agent before exchange of contracts takes place.
Description Early viewing is advised of this first floor apartment offered with no ongoing chain and being an ideal first time purchase or investment opportunity.
The property benefits from open plan lounge/diner/kitchen, double bedroom and modern bathroom. Externally there is an allocated parking space.
Offered with no onward chain this first floor apartment is situated on the north side of Colchester in the Mile End area, offering excellent access to Colchester's mainline train station with direct links to London Liverpool Street, as well being close to local shops and amenities.
Communal Entrance Door To: Communal Entrance Hall With stars to first floor.
Entrance Door To: Entrance Hall Electric heater, doors to: Lounge / Diner / Kitchen 17' 9" max x 13' 2" max ( 5.41m max x 4.01m max ) Two electric heaters, two upvc double glazed windows.
Kitchen area with range of matching base and eye level units, work surfaces, inset sink and drainer unit, integrated oven and hob with extractor hood over, space for appliances, spotlights.
Bedroom 10' 7" x 8' 1" ( 3.23m x 2.46m ) Electric heater, upvc double glazed window. Bathroom White suite comprising bath with shower over and screen, low level w.c.
And wall mounted wash hand basin, part tiled walls, laminate flooring, electric towel rail, extractor. Outside The property benefits from parking space.
Directions Refer to map We currently hold lease details as displayed above, should you require further information please contact the branch.
Please note additional fees could be incurred for items such as leasehold packs. 1.
Money laundering regulations: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2.
General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect. 4.
Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. These particulars are issued in good faith but do not constitute representations of fact or form part of any offer or contract.
The matters referred to in these particulars should be independently verified by prospective buyers or tenants.
Neither sequence (UK) limited nor any of its employees or agents has any authority to make or give any representation or warranty whatever in relation to this property.
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
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 advisors 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
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FAQ
About 16, Wheelwright Place, Colchester
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