1-bedroom flat · CO4 5RY
Sold STCReduced £5k (−3.8%) on 29 AugListed 79 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated on the popular Axial Drive development in Colchester, this well-presented one bedroom ground floor apartment offers modern, low-maintenance living, making it an ideal purchase for first-time buyers, investors, or those looking to downsize.
The accommodation comprises a welcoming entrance hall leading to a bright and spacious open-plan kitchen / diner / lounge, creating an ideal space for both relaxing and entertaining.
The contemporary kitchen is fitted with a range of modern units and ample worktop space, while the generous double bedroom is complemented by a well-appointed bathroom.
Externally, the property benefits from an allocated parking space, providing convenient off-road parking for residents and visitors alike.
Axial Drive is ideally situated to the north of Colchester and enjoys excellent access to a wide range of local amenities.
Nearby supermarkets, cafés, restaurants, and everyday shopping facilities are all within easy reach, including the popular Northern Gateway Leisure Park, which offers a cinema, restaurants, gym, and leisure facilities.
Colchester General Hospital is also close by, making the location particularly appealing for healthcare professionals.
For commuters, Colchester North railway station is approximately 1.5 miles away, providing direct services to London Liverpool Street in around 50 minutes.
The A12 is easily accessible, offering excellent road links to Chelmsford, Ipswich, and beyond, while Colchester city centre is just a short drive away, providing an extensive selection of shops, bars, restaurants, and the historic Castle Park.
Combining stylish accommodation, allocated parking, and a highly convenient location with excellent transport links and local amenities, this attractive ground floor apartment presents a fantastic opportunity for a wide range of buyers.
Early viewing is highly recommended. Reception 1 Kitchen Bedroom 1 Bathroom
Value & comps
No previous sales on record.
Returns
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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
About 102, Axial Drive, Essex
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