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See how verdicts work2-bedroom flat · CO4 5YW
For saleListed 25 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
***guide price £220,000 - £230,000*** Palmer & Partners are pleased to offer for sale this well-presented two-bedroom first-floor apartment, situated in the sought-after Mile End area of Colchester.
Ideally positioned, the property provides excellent access to the A12, Colchester North railway station, offering direct mainline services to London Liverpool Street, and Colchester General Hospital.
A range of schools, shops and everyday amenities are also conveniently located nearby.
The property begins with an entrance hallway, benefiting from useful storage cupboards and providing access to the main accommodation.
The bright and spacious open-plan kitchen/lounge/diner provides an excellent social living space, with a door opening onto a private balcony.
The modern fitted kitchen features a range of eye-level and low-level units, along with integrated appliances.
There are two good-sized bedrooms, with the main bedroom benefiting from fitted wardrobes and an en-suite shower room. The property is further complemented by a separate family bathroom.
Externally, the apartment benefits from two allocated parking spaces, providing convenient off-road parking.
Palmer & Partners strongly advise an early internal viewing to fully appreciate the accommodation and location on offer .
Entrance Hall Kitchen/Lounge/Diner (4.52m x 8.18m) Main Bedroom (2.72m x 0.4m) En-Suite (1.68m x 1.6m) Bedroom Two (2.44m x 3.12m) Bathroom (2.16m x 1.85m)
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
Agent & docs
FAQ
About 21, Venture Chase, Mile End, Essex
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