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See how verdicts work1-bedroom flat · CO1 2ZD
Sold STCListed 165 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
*investment opportunity* Martin & Co are pleased to present this unique, 1 bedroom, spacious 1st floor maisonette located in the popular Grosvenor Place development on East Hill with secure gated parking.
No onward chain.
*investment opportunity* Martin & Co are pleased to present this unique, 1 bedroom, spacious 1st floor maisonette located in the popular Grosvenor Place development on East Hill with secure gated parking.
Entrance hall/stairs 11' 5" x 6' 0" (3.482m x 1.838m) A private entrance hallway with tiled flooring, magnolia walls and ceiling and fully carpeted stairway to the upstairs living area.
2nd floor landing 11' 5" x 6' 0" (3.482m x 1.838m) A middle landing with a fitted double glazed window and fully fitted carpets leading to the upstairs living area.
Upstairs landing 11' 5" x 13' 4" (3.482m x 4.082m) An upstairs landing with fitted carpets throughout, double glazed windows, a gas fired radiator and a built in airing cupboard with the emersion heater/pressure tank.
Lounge/diner 23' 4" x 18' 2" (7.119m x 5.545m) A spacious open plan living area with laminate flooring throughout, two double glazed windows, fitted gas fire radiators and magnolia walls/ceiling.
The high spec "urban myth" fully Integrated kitchen which comes with a long granite work top, stainless steel gas hob, fitted extractor, single sink, dishwasher, washing machine, 50/50 Fitted fridge freezer and plenty of cupboard/space.
Primary bedroom 14' 6" x 9' 8" (4.420m x 2.953m) A spacious double bedroom with neutral fitted carpets, a double glazed window and a gas fired radiator.
Bathroom 7' 8" x 5' 5" (2.346m x 1.663m) A Modern fitted bathroom suite with black tiled flooring, a fitted wash basin, hung toilet and bath with a fitted shower/shower screen.
The room also has a fitted skylight with Velux windows which brings in plenty of natural light.
The property also comes with one secure allocated parking space to rear of the property with the added benefit of a residents heated indoor pool which is accessible in the same block.
This property is currently tenanted with the tenant currently paying £975pcm.
*Please be advised that the sales details for this property are for a general guide only and all the measurements and areas are approximate which do not constitute part or all of an offer/contract.*
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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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 38, Grosvenor Place, Colchester
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