2-bedroom flat · CO1 2XS
For saleListed 1 day
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
***guide price £150,000 - £170,000*** Offered for sale with no onward chain, this well-presented two-bedroom apartment is situated within a quiet residential development, within walking distance of Colchester’s historic city centre.
The property enjoys convenient access to Colchester Town railway station, offering services to London Liverpool Street, as well as a range of local schools, shops and everyday amenities.
The accommodation comprises an entrance hall, a lounge/diner with a door leading through to the fitted kitchen, which benefits from a built-in oven and hob.
Two bedrooms and a modern family bathroom complete the accommodation. The apartment benefits from having one allocated parking space.
Palmer & Partners would recommend an early internal viewing to avoid disappointment.
Entrance Hall Lounge/Diner (4.54m x 3.24m) Kitchen (3.02m x 2.08m) Bedroom One (3.53m x 3.11m) Bedroom Two (3.04m x 2.2m) Bathroom (1.91m x 1.82m)
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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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 Nicholsons Grove, Essex
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