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See how verdicts work2-bedroom house · CO2 7WE
For saleListed 90 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
We are privileged with the generous instructions to market this beautifully presented, two double bedroom first floor retirement apartment, measuring an impressive 731sqft and boasting a wealth of both bedroom and living space throughout.
Offered in immaculate condition, the property features a welcoming entrance hall with inset storage, two double bedrooms with the principal bedroom benefiting from a walk in wardrobe, and a light and airy living space with dual aspect windows providing pleasant views.
A stylish fitted kitchen with integrated bosch appliances complements the space, alongside a fully equipped wet room with slip-resistant tiled flooring.
The apartment has been maintained as a pet and smoke-free home, and further benefits included additional communal storage, both included within the sale.
McCarthy & Stone offers retirement living to the highest of standards.
Raising the benchmark and exceeding expectations, Lancer House is positioned in the heart of Colchester’s City Centre and provides tranquil, secure living within a well-equipped development.
Designed exclusively for the over 70’s, it offers the perfect balance of independent living with flexible support if required.
Residents benefit from a fully serviced environment designed to make day-to-day living both convenient and cost-effective.
This includes an on-site restaurant with a professional chef catering to a variety of dietary needs, with the option of dining in or room service.
Personal and domestic care is available on a flexible basis, delivered by a highly rated and trusted in-house team, offering greater continuity and often better value than traditional external care providers.
The development also provides 24-hour on-site management and emergency response systems, ensuring safety and reassurance at all times.
Additional advantages include a range of inclusive services such as water usage, building insurance, weekly cleaning, and use of communal laundry facilities, along with the upkeep of gardens and external areas all helping to reduce the burden of ongoing household costs and maintenance.
Communal facilities include beautifully maintained gardens with seating areas, a bistro-style restaurant, residents’ lounge, wellness suite, laundry room, and storage facilities.
A friendly and welcoming environment is at the heart of Lancer House, offering not just a home but a luxury, safe, and exceptionally supportive community lifestyle.
Further benefits of purchasing a retirement home from McCarthy & Stone include a 24-hour emergency call system, lifts to all floors, a guest suite, and a wide range of social activities.
Lease Information: We have been advised by the owners that there is 992 years remaining on the lease, with a service charge £1058.75 per month, and a ground rent of £255, paid every 6 months.
However, we do advise that all interested parties are to clarify this information with their solicitor. Lancer House showcases retirement living at its finest early viewing is highly advised.
Living Room 16' 10" x 10' 1" (5.13m x 3.07m) Kitchen 8' 8" x 6' 8" (2.64m x 2.03m) Bedroom One 12' 4" x 10' 8" (3.76m x 3.25m) Bedroom Two 12' 2" x 10' 8" (3.71m x 3.25m) Shower Room 7' 4" x 7' 2" (2.24m x 2.18m)
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.
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FAQ
About Lancer House, Butt Road, Colchester
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