We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom flat · CO3 8BL
Sold STCListed 4 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This two bedroom, two bathroom ground floor apartment in Stanway (CO3), Being offered with no onward chain, offers generous open-plan living space, allocated parking and a convenient setting close to excellent amenities, while now requiring light cosmetic updating to reach its full potential.
The accommodation comprises a spacious open-plan kitchen/living room providing ample space for both sitting and dining areas with a pleasant dual aspect, two well-proportioned bedrooms including a main bedroom and a versatile second bedroom ideal as a guest room, child’s room or home office, and two bathrooms – one positioned off the hallway and a further bathroom/en-suite style facility – offering excellent day-to-day flexibility for sharers, guests or family living.
A central hallway gives access to all rooms and provides useful wall space for storage solutions, and the property would benefit from light cosmetic improvement, giving buyers the opportunity to update finishes and décor to their own taste.
Situated within a popular modern residential development in Stanway on the western side of Colchester, the property is ideally placed for swift access to the A12 and A120 towards Chelmsford, Ipswich and beyond, with Marks Tey mainline station within easy driving distance for regular services to London Liverpool Street, and is close to a wide range of local amenities including several supermarkets and national retailers at the Tollgate retail area, cafes and restaurants, regular bus services into Colchester city centre and railway stations, and a choice of well-regarded local schools, making this an attractive first-time purchase or buy-to-let investment in a highly sought-after CO3 location.
Agent's Note Please note that some photos have been virtually staged to highlight the property's potential and to include furniture.
EPC Rating: B Auction Terms This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period").
Interested parties personal data will be shared with the Auctioneer (iamsold). If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT.
This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is t...
Disclaimer These particulars are for guidance only and do not form part of any offer or contract. All measurements, images and floor plans are approximate and for illustrative purposes only.
Services, appliances and systems have not been tested and no warranty is given as to their condition.
Buyers and tenants must rely on their own inspections, surveys and legal enquiries to verify all material information that is important to them.
Anti-Money Laundering (AML) Verification Oakheart is required to undertake identity and compliance checks in line with UK Anti-Money Laundering (AML) legislation.
These checks apply to all sellers, purchasers and landlords as part of our sales and lettings procedures.
To facilitate this process, we use Landmark, an independent third-party provider that carries out the necessary verification checks on our behalf. A fee of £24.00 inclusive of VAT per person applies.
All relevant checks must be completed and verification confirmed before we can progress with the...
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
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 starting price
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 advisers 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
Agent & docs

FAQ
About Martin Hunt Drive, Stanway, CO3
Explore nearby